$2,999,000
2105 Us 27 Highway
Lake Placid, FL 33852
Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
Located along Highway 27, this 6.03-acre property has waterfrontage on Lake Grassy. It offers significant development potential with existing infrastructure in place for residential expansion. The property includes a 9-unit complex: five single-story units (2 beds, 2 baths, approximately 1,540 sq. ft. living space) and four two-story units (3 beds, 2.5 baths, about 1,534 sq. ft. living space). Completed in 2008, Phase 1 is finished. Phase 2 proposes constructing 42 additional 3-bedroom, 2.5-bath units, each about 1,565 sq. ft. of living space. The design and the size of units can be modified to meet your needs. All necessary infrastructure, including paved roads and utilities, is ready, making this a shovel-ready project. Proposed plans for the new units are included, along with a wastewater management permit valid through 2029. The site also provides space designated for a community pool. This property provides a fully prepared development site with existing income units, without zoning changes or significant infrastructure costs. Its highway frontage, water access, and ready-to-build status make it an attractive option for developers or investors seeking immediate development potential.
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 history106 days on market
- Status: ActiveNov 18, 2025
- Listed$2,999,000Aug 1, 2025
- Price increased$2,999,000
Virtual Tour
Facts & features
- Property type
- Residential Income
- Sub type
- Multi Family
- Status
- Active
- Days on market
- 106
- Subdivision
- An Irreg 4.197 Acre Tract Being 182 Ft Along Nely
- County
- Highlands
- Year built
- 2008
- Living area
- 1,540 sq ft
- Price/sq ft
- $1,947
- Building area
- 1,680 sq ft (Appraiser)
- Lot size
- 262,415 sq ft
- Lot category
- 5 to less than 10
- Flood zone
- X
- Annual taxes
- $3,374 (2024)
- Parcel #
- C-20-37-30-A00-0060-0000
- Zoning
- R3FUD
- MLS #
- L4954869
Interior Details
- Bedrooms
- 0
- Flooring
- Tile
- Appliances
- Dishwasher, Microwave, Range, Refrigerator
- Interior features
- Ceiling Fans(s), Primary Bedroom Main Floor
- Laundry
- Laundry Room
Heating & Cooling
- Heating
- Central
- Cooling
- Central Air
Parking
- Attached garage
- No
- Parking features
- Driveway, Guest, Open
HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
- CDD
- No
- Min lease term
- 1-2 Years
- Listing terms
- Cash, Conventional
- Ownership
- Fee Simple
- Available for lease
- Yes
Exterior & Construction
- Exterior features
- Balcony, Lighting, Private Mailbox, Rain Gutters
- Construction materials
- Concrete
- Roof
- Tile
- Foundation
- Slab
- Waterfront
- Yes
- Water access
- Yes
- Water view
- Yes
- Road surface
- Paved
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- Cable Available, Electricity Connected, Sewer Connected, Sprinkler Well, Water - Multiple Meters, Water Connected
Listing Details
- Listing date
- 2025-08-01
- On market date
- 2025-08-01
- Original list price
- $2,999,000
- Occupant type
- Tenant
- MLS area
- 33852 - Lake Placid
- Listing AOR
- Lakeland
- Status changed
- 2025-11-18
- Tax legal description
- AN IRREG 4.197 ACRE TRACT BEING 182 FT ALONG NELY R/W OF US 27 IN SE 1/4 OF SEC 20 + SW 1/4 OF SEC 21 20-37-30/6 4.197 ACRES
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
FROM HWY 27 S TO LEFT ON STEPHENS DR TO LEFT ON CORONADO CT PROPERTY IS ON THE LEFT
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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 November 17, 2025 at 9:19 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.
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