For Sale
$12,500,00057.5 Acres
For Sale

501 U.S. 27, Lake Placid, FL 33852 - Highlands County

Residential
Undeveloped
Commercial
Static Google Map
Property ID 21948136

Dowtown Commercial Residential Land Lake Placid FL

Discover an Unmatched Development Opportunity in Downtown Lake Placid, FL 57.5 Acres of Prime Land

Take advantage of a rare chance to develop a property with immense potential, strategically located in the heart of downtown Lake Placid. This 57.5-acre property sits on the highest elevation in the area, offering a prime canvas for both commercial and residential projects. With established water and 3-phase electric services from Duke Energy and a streamlined city approval process, this property is set to stand out as one of the most valuable and versatile rural opportunities in Florida.

Key Property Highlights:

Prime Location: Centrally located on Highway 27 in downtown Lake Placid, featuring 1,000 feet of highway frontage with approximately 40,000 cars passing daily.

Recreational & Cultural Appeal: Surrounded by lakes and the towns famous historical murals, Lake Placid is a popular destination for both locals and tourists.

Usable Land Quality: High, dry, and entirely usable acreage ideal for diverse development.

Central Accessibility: Positioned in the heart of Florida, providing easy access to both coasts and drawing a wide range of visitors.

Property Details:

Commercial Land: 18.84 acres zoned Commercial-General (CG), with flexible zoning to align with your project vision.

Residential Land: 38.71 acres zoned Low Medium Density Residential (LMDR), also with adaptable zoning options.

Total Acreage: Approximately 57.5 acres.

Infrastructure: Established city water, irrigation well access from Saddlebag Lake, and 3-phase electric service.

Tax Benefits: No city or county taxes until property approval and construction begin, enabling a cost-effective development process.

Lakefront Potential: 1,000 feet of frontage on Saddlebag Lakeideal for adding amenities like restaurants, retail spaces, or lakeside recreational areas.

Expansion Potential: The seller is open to discussions for an additional 20 acres just south of the property, along with 7.43 acres on Saddlebag Lake, offering further development possibilities.

Unparalleled Development Potential: Lake Placids natural beauty and central location make this property a visionary developers dream. Positioned at the states core, it grants convenient access to both Florida coasts and is poised to capture the interest of a large portion of Floridas 140 million annual visitors. With 15 million people within a two-hour drive, this property is an ideal foundation for transformative projects that will shape the areas future.

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Melissa Anne Johnson

Melissa Anne Johnson

Lokation Real Estate