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Dennis Lue Yat

dennis@luxeiq.com +1(561) 571-1425

$1,750,000

Est. payment - /mo

3,000 SqFt

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Key Details

Property Type Commercial

Sub Type Business

Listing Status Active

Purchase Type For Sale

Square Footage 3,000 sqft

Price per Sqft $583

MLS Listing ID B26007766

HOA Y/N No

Year Built 1967

Annual Tax Amount $4,009

Tax Year 2025

Lot Size 134.090 Acres

Acres 134.09

Property Sub-Type Business

Property Description

18 Hole Golf Course with Restaurant, Golf Shop & Maintenance Facility all on 139+-Acres priced at Only $12,589 per acre for Fast Sale /Offering Tremendous Upside Potential to develop 1/2 of the course into 201+-Homesites Plus 48 Unit Townhomes on 4 acres (on restaurant site). The restaurant with liquor license is leased. Past income of this business produced 8% Cap Rate 2021 & 9% Cap Rate 2022. This course is the Only Golf Course in Lake Placid. Allocation of values / Proforma Metrics: Restaurant, $400,000; 9-hole golf course @ $4,779 +/- per acre, $325,000; 67 acres with 201 homesites+48 Townhomes at $4,117 per homesite/unit, $1,025,000. Do Not Disturb restaurant tenant! Sale is confidential and buyer Must sign confidentiality agreement before showings & getting detail package.

Location

State FL

County Highlands

Area 5940 - Other Florida County

Zoning AU

Interior

Interior Features InteriorFeatures

Heating Central

Cooling Central Air, Ceiling Fan(s)

Flooring Carpet, Vinyl

Fireplace No

Exterior

Utilities Available Electricity Connected, Sewer Available, Water Connected

Water Access Desc Public

Roof Type Shingle

Accessibility Accessibility Features

Total Parking Spaces 35

Building

Story 1

Sewer Public Sewer

Water Public

Structure Type Concrete

Others

Tax ID C14372911200d00000

Security Features Other

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Virtual Tour https://www.propertypanorama.com/3603-Placid-Lakes-Boulevard-Lake-Placid-FL/unbranded

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Listed by Gregory S Karlson Advantage Realty #1

Nearby School & Business

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Dennis Lue Yat

+1(561) 571-1425

Broker | REALTOR® | SL3301099

Broker | REALTOR® SL3301099

Popular Cities & Towns In Palm Beach County

3603 Placid Lakes BLVD Lake Placid, FL

Dennis Lue Yat

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

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