$2,999,000

2105 U S 27 Lake Placid, FL 33852

Sun Lakes Neighborhood

Estimated payment $17,994/month

Total Views 1,233
22 Beds
22 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Lake Front
  • Canal View
  • No HOA
  • 6.03 Acre Lot
  • Powered Boats Allowed
  • Detached Garage

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.

Listing Agent

Lazaro Martinez

Hammock Realty License #3154284 Listed on: 08/01/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $25,876

Year Built

  • Built in 2008

Lot Details

  • 6.03 Acre Lot
  • Lake Front
  • Home fronts a canal
  • Fence is in good condition
  • Additional Parcels

Home Design

  • Barrel Roof Shape
  • Concrete Siding
  • Block Exterior

Interior Spaces

  • 1-Story Property
  • Ceiling Fan
  • Insulated Windows
  • Single Hung Windows
  • Canal Views

Kitchen

  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 22 Bedrooms

Parking

  • Detached Garage
  • Driveway
  • On-Street Parking
  • Assigned Parking

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number C-20-37-30-A00-0060-0000

Community Details

Overview

  • No Home Owners Association
  • 52 Units

Recreation

  • Powered Boats Allowed

Building Details

  • Gross Income $169,020
  • Net Operating Income $126,977

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$25,876

Year Built

Built in 2008

Lot Details

0

Listing Details

  • Property Sub Type: Apartment
  • Prop. Type: Residential Income
  • Road Frontage Type: Canal, Lakefront
  • Lot Size Acres: 6.03
  • Road Surface Type: Paved
  • Water Body Name: Grassy
  • Directions: FROM HWY 27 S TO LEFT ON STEPHENS DR TO LEFT ON CORONADO CT PROPERTY IS ON THE LEFT
  • Architectural Style: One Story, Two Story
  • Building Name: VILLA DEL MAR
  • Unit Levels: One, Two
  • Building Stories: 1
  • Year Built: 2008
  • Property Sub Type Additional: Apartment
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Electric Water Heater, Microwave, Refrigerator
  • Full Bathrooms: 18
  • Half Bathrooms: 4
  • Total Bedrooms: 22
  • Flooring: Carpet, Tile
  • Interior Amenities: Ceiling Fan(s)
  • Window Features: Insulated Windows, Single Hung

Exterior Features

  • Pool Features: None
  • View: Canal, Lake
  • View: Yes
  • Construction Type: Block, Concrete
  • Property Condition: Good Condition, Resale
  • Roof: Barrel

Garage/Parking

  • Parking Features: Assigned, Driveway, Detached, One Space, Two Spaces, On Street

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Amenities: Powered Boats Allowed
  • Association: No

Lot Info

  • Lot Size Sq Ft: 262415.0
  • Additional Parcels Description: C-21-37-30-020-00A0-0000,C-21-37-30-020-00AA-0000,
  • Additional Parcels: Yes
  • Parcel #: C-20-37-30-A00-0060-0000
  • Zoning Description: R3FUD

Multi Family

  • Number Of Units In Community: 52
  • Number Of Units Total: 9
  • Annual Gross Income: 169020.0
  • Property Net Operating Income: 126977.0

Tax Info

  • Tax Annual Amount: 25875.57
  • Tax Year: 2024

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/01/2025 08/01/25 For Sale $2,999,000 -- $1,947 / Sq Ft
Source: Heartland Association of REALTORS®

Source: Heartland Association of REALTORS®

MLS Number: 316603

Heartland Association of REALTORS®
Florida Highlands County Lake Placid 33852 Sun Lakes

2105 U S 27, Lake Placid, FL

This home is located at 2105 U S 27, Lake Placid, FL 33852 and is currently priced at $2,999,000. This property was built in 2008. 2105 U S 27 is a home located in Highlands County with nearby schools including Lake Country Elementary School, Lake Placid High School, and Lake Placid Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Heartland Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes
Lazaro Martinez
Listing Agent
Lazaro Martinez
Section Image
Hammock Realty
(863) 250-3464