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$ 12,500,000
Est. payment /mo
Active
501 US 27 S Lake Placid, FL 33852-79ND
57.5 Acres Lot
UPDATED:
10/28/2024 11:17 PM
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Lot Size 57.500 Acres
Property Description
Discover a rare chance to develop a property with unmatched potential, nestled in the heart of downtown Lake Placid, Florida. This 57.5-acre property boasts the highest elevation in the area, offering expansive opportunities for both commercial and residential development. Equipped with established water and electric services and benefiting from an easy city approval process, this property is poised to surpass all other rural properties in value and versatility.
Key Property Highlights:
• Prime Location: Strategically situated on Highway 27, in the center of downtown Lake Placid.
• Recreational and Cultural Appeal: Surrounded by abundant water resources and enriched by the town’s historical murals, Lake Placid is a magnet for both residents and visitors.
• Land Quality: High and dry, with all acreage being fully usable.
• Central Access: Located in the heart of the state, this property offers convenient access to both Florida coasts, making it an ideal hub for attracting visitors from across the region.
Property Details:
• Commercial Land: 18.84 acres zoned Commercial-General (CG), with ample flexibility for adjustments to suit your development vision.
• Residential Land: 38.71 acres zoned Low Medium Density Residential (LMDR), offering similar flexibility.
• Total Acreage: Approximately 57.5 acres.
• Zoning Flexibility: Enjoy a high degree of versatility in project planning.
Infrastructure and Development Advantages:
• Established Infrastructure: Features 3-phase electric service from Duke Energy and city water, ensuring smooth project initiation.
• Grandfathered Well: Access to an irrigation well from Saddlebag Lake, enhancing the property’s appeal for diverse uses.
• Tax Benefits: No taxes owed until property approval and construction begin, allowing for a cost-effective development process.
• Highway Access: 1000 feet of frontage on Highway 27, with an impressive 40,000 cars passing daily.
• Scenic Views: 1000 feet of frontage on Saddlebag Lake, perfect for adding amenities like a restaurant or retail spaces with serene lake views.
Expansion Potential:
The seller is open to negotiating the sale of an additional 20 acres just south of the property and 7.43 acres on Saddlebag Lake, offering even more opportunities for expansion.
Unparalleled Development Potential:
Lake Placid’s natural beauty and strategic location make this property a dream for visionary developers. Located in the center of the state, it offers easy access to both coasts, attracting a significant portion of Florida’s 140 million annual visitors. With around 15 million people within a two-hour drive, this land is ideal for transformative projects that will shape the future of the area.
Key Property Highlights:
• Prime Location: Strategically situated on Highway 27, in the center of downtown Lake Placid.
• Recreational and Cultural Appeal: Surrounded by abundant water resources and enriched by the town’s historical murals, Lake Placid is a magnet for both residents and visitors.
• Land Quality: High and dry, with all acreage being fully usable.
• Central Access: Located in the heart of the state, this property offers convenient access to both Florida coasts, making it an ideal hub for attracting visitors from across the region.
Property Details:
• Commercial Land: 18.84 acres zoned Commercial-General (CG), with ample flexibility for adjustments to suit your development vision.
• Residential Land: 38.71 acres zoned Low Medium Density Residential (LMDR), offering similar flexibility.
• Total Acreage: Approximately 57.5 acres.
• Zoning Flexibility: Enjoy a high degree of versatility in project planning.
Infrastructure and Development Advantages:
• Established Infrastructure: Features 3-phase electric service from Duke Energy and city water, ensuring smooth project initiation.
• Grandfathered Well: Access to an irrigation well from Saddlebag Lake, enhancing the property’s appeal for diverse uses.
• Tax Benefits: No taxes owed until property approval and construction begin, allowing for a cost-effective development process.
• Highway Access: 1000 feet of frontage on Highway 27, with an impressive 40,000 cars passing daily.
• Scenic Views: 1000 feet of frontage on Saddlebag Lake, perfect for adding amenities like a restaurant or retail spaces with serene lake views.
Expansion Potential:
The seller is open to negotiating the sale of an additional 20 acres just south of the property and 7.43 acres on Saddlebag Lake, offering even more opportunities for expansion.
Unparalleled Development Potential:
Lake Placid’s natural beauty and strategic location make this property a dream for visionary developers. Located in the center of the state, it offers easy access to both coasts, attracting a significant portion of Florida’s 140 million annual visitors. With around 15 million people within a two-hour drive, this land is ideal for transformative projects that will shape the future of the area.
Location
State FL
County Highlands
Listed by Melissa Johnson • Melissa Johnson