$1,200,000
346 Royal Palm StreetLake Placid, FL 33852
Listing updated: September 17, 2026 at 3:07 PM ET
Listing courtesy of Advantage Realty 1 · Gregory Karlson · MLS #L4947621 · Active · 863-386-1111Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
6200+-SF Medical Finished Facility (Previously Physical Therapy) w/ Prime US 27 Hwy Exposure at Full Median Turn Lake Placid, FL.! Use as your Physical Theropy Facility with 20 years of Site Recognition. Average Daily Traffic Count is the highest in Lake Placid 20,400. Don't miss out on this turn key medical property/ opportunity! Priced to sell at only $194 per sq/ft substantially less than it's replacement value and is well maintained with roof only 6 years new, A/C also 1+-year new, resealed parking, etc. Cora Physical Theropy tenant is moving so subject property is being sold as vacant.
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history676 days on market
- Status: ActiveSep 17, 2026
- Listed$1,200,000Sep 16, 2024
Facts & features
- Property type
- Commercial Sale
- Sub type
- Office
- Status
- Active
- Days on market
- 676
- Subdivision
- Replat Of Roberts Grove Add
- County
- Highlands
- Year built
- 1996
- Living area
- 6,248 sq ft
- Price/sq ft
- $192
- Lot size
- 39,794 sq ft
- Lot category
- 1/2 to less than 1
- Flood zone
- X
- Annual taxes
- $13,076 (2023)
- Parcel #
- P-06-37-30-091-0030-00C0
- Zoning
- C1
- MLS #
- L4947621
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Heating & Cooling
- Heating
- Central
- Cooling
- Central Air
HOA & Financial
- Total monthly fees
- None
- Total annual fees
- None
- Listing terms
- Cash, Conventional
- Ownership
- Other
Exterior & Construction
- Construction materials
- Block
- Roof
- Other
- Foundation
- Block
- Road surface
- Asphalt
Listing Details
- Listing date
- 2024-09-10
- On market date
- 2024-09-16
- Original list price
- $1,200,000
- MLS area
- 33852 - Lake Placid
- Listing AOR
- Lakeland
- Status changed
- 2026-09-17
- Tax legal description
- REPLAT OF ROBERTS GROVE ADD PB 3 PG 96 TR C BLK 3-LESS WLY 76.69 FT AS MEAS ALONG N LINE OF BLK C AND-LESS S 70 FT AND-LESS US 27 R/W
Flood risk
Minimal-risk area outside the mapped floodplain. Flood insurance is optional and typically low-cost.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
Directions
US 27 & Hammock Rd south on US 27 to Lake Placid to big blue medical sign on right at the full median turn
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Listings courtesy of Stellar MLS as distributed by MLS GRID
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information submitted to the MLS GRID as of September 17, 2026 at 3:07 PM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
All or a portion of the multiple listing information is provided by Stellar MLS, from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2026 Stellar MLS. All rights reserved.
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