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3603 Placid Lakes Boulevard, Lake Placid, FL 33852

$1,850,000

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List Price: $1,850,000
Price Change: ▲ $100,000 1778619175
Closing Date: Oct 30, 2026
MLS#: 300855
Acres: 134.09
Year Built: 1967

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Property Description

Former 18 Hole Golf Course with Restaurant, Golf Shop & Maintenance Facility all on 139+-Acres priced at Only $13,310 per acre for Fast Sale /Offering Tremendous Upside Potential! Open it all back up or explore many alternative potential uses. All Subject to Approvals of course. The restaurant with liquor license is leased. Past income of this business produced was 8% Cap Rate 2021 & 9% Cap Rate 2022. This course is the Only Golf Course in Lake Placid. Allocation of values: Restaurant, $400,000(4+-acres) then 134+-acres @ $10,486 per acre(w/valuable wells,pumps/barn), 3 residential lots($45k) Do Not Disturb restaurant tenant! Sale is confidential and buyer Must sign confidentiality agreement before showings & getting detail package of information!

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Additional Information

Style: One Story
Construction: Block, Concrete, Stucco
Interior Features: Cathedral Ceiling(s)
Garage Description: Paved, Parking Available
Cooling: Central Air, Electric
Heating: Central, Electric