
Active · MLS #L4954869 · 106 days on market
2105 S US 27 HWY S
LAKE PLACID, FL, 33852
Residential Income · Multi Family
$2,999,000
$1,947/sqft
0
0
1,540
2008
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.
Quick facts
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Courtesy of HAMMOCK REALTY LLC / Lazaro Martinez
Presented by Nafees Zaman, agent at The Firm, RE (617 E. Colonial Drive, Orlando, FL 32803, (407) 800-3631). Florida Broker License BK3253305.
Listing data provided by Stellar MLS. Information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. AgentNaf and The Firm, RE shall not be responsible for any typographical errors, misinformation, or misprints. Equal Housing Opportunity.
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