502 Reba DR, Lake Placid, FL 33852 - Heartland MLS Florida

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1.37 Lot Size
- Year Built

Rare Multi-Lot Development Opportunity – 501 & 503 Megan Ave, 505 Megan Ave, 502 & 504 Reba Ave, Lake Placid, FL

Don't miss this exceptional investment opportunity featuring five adjoining parcels totaling 1.37 acres in the heart of Lake Placid! This prime property offers endless possibilities—redesign into townhomes (pending city approval) or build individual residences that sit high and dry, overlooking beautiful Lake Saddlebags.

Located in a thriving area near downtown Lake Placid, these lots provide elevated views, convenient access to shopping, dining, and major roadways, all while offering a peaceful residential setting. Whether you're an investor, developer, or builder, this is a rare chance to create something truly special in one of Florida's most charming communities.

?? Call today for more details and to explore the potential of this prime development site!

Listed by Melissa Anne Johnson of Lokation

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PROPERTY DETAIL

Key Details

Property Type Single Family Home
Sub Type Residential
Listing Status Active
Purchase Type For Sale
MLS Listing ID 313438
HOA Y/N No
Annual Tax Amount $128
Tax Year 2024
Lot Size 1.370 Acres
Acres 1.37
Property Sub-Type Residential
Location

State FL
County Highlands
Area 1243.000
Building

Lot Description City Lot, Other, Public Road, Rural Lot, See Remarks
Sewer Public Sewer

Interior

Fireplace No
Exterior

Utilities Available See Remarks
Present Use See Remarks
Schools

Elementary Schools Lake Placid Elementary
Middle Schools Lake Placid Middle
High Schools Lake Placid High
Others

Tax ID C-06-37-30-140-0010-0040
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/heartland/313438