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Sold for $515,000
  • $515,000

    138 Mandolin Dr, Lake Placid, FL 33852

    3beds
    1,814sqft
    Single Family Residence
    Built in 1987
    9,583 Square Feet Lot
    $506,900 Zestimate®
    $284/sqft
    $2,076 Estimated rent

    Home value

    $506,900

    $431,000 - $598,000

    $2,076/mo

    Zestimate® history
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    What's special

    Private dockElectric boat liftSophisticated interiorEnclosed lanaiElectric seadew liftIntegrated surround soundState-of-the-art irrigation system
    Step into the ultimate lakeside sanctuary, where elegance and tranquility meet at one of Lake Placid’s most exclusive addresses. This meticulously updated 3-bedroom, 2-bath home with a spacious 2-car garage is an architectural masterpiece, offering a perfect blend of timeless style and modern comforts. Nestled on the serene shores of Lake Grassy, this home enjoys the privacy of a unique peninsula, with no through traffic and unparalleled exclusivity. The quiet, peaceful surroundings create an ideal setting for full waterfront living, allowing you to immerse yourself in nature and luxury. The heart of the home is a chef’s dream—a stunning kitchen remodeled with natural quartz countertops, dual sinks on both the island and main counter, and custom cabinetry that offers both beauty and function. Whether entertaining guests or preparing a quiet family meal, this kitchen is designed for the ultimate in comfort and style. Every detail of this home has been thoughtfully considered. A fully fenced-in yard provides a safe, private space for children or pets to play, while a dedicated utility room with a built-in pet shower adds both convenience and luxury. The open-concept living area, with its soaring vaulted ceilings and expansive water views, creates an airy, inviting atmosphere perfect for both relaxation and social gatherings. Step outside into your personal oasis—an enclosed lanai with unobstructed views of the lake, ideal for lounging or entertaining in style. A private dock awaits your boat, and the expansive 32’ x 24’ boathouse offers ample space for watercraft and lakeside leisure, complete with both an electric seadew lift and an electric boat lift for ultimate convenience. The property has been further enhanced with modern amenities designed to elevate the lakeside living experience. A newly installed seawall ensures lasting protection, while a state-of-the-art irrigation system keeps the grounds lush and vibrant. Integrated surround sound fills the space with rich audio, setting the perfect mood for every occasion. An EV charger has also been thoughtfully included, combining sustainability with convenience for the modern homeowner. This home is more than just a place to live—it’s a lifestyle. From the breathtaking waterfront to the sophisticated interior, every inch of this property reflects the highest standards of luxury living.

    Zillow last checked:

    Listing updated:

    Listed by:

    Logan Akins,

    Keller Williams Realty Fort Myers and the Islands

    Bought with:

    SEBRING NON MLS

    NON-MLS OFFICE

    Source: HFMLS,MLS#: 316567Originating MLS: Heartland Association Of Realtors

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 2
    Primary bedroom
    • Dimensions: 13.5 x 18
    Bedroom 2
    • Dimensions: 10.5 x 10.5
    Bedroom 3
    • Dimensions: 10.5 x 10.5
    Primary bathroom
    • Dimensions: 13.5 x 5.5
    Bathroom 2
    • Dimensions: 7.5 x 4.5
    Kitchen
    • Dimensions: 18 x 12
    Living room
    • Dimensions: 18 x 19
    Heating
    • Central, Electric
    Cooling
    • Central Air, Electric
    Appliances
    • Included: Dryer, Dishwasher, Oven, Range, Refrigerator, Washer
    Features
    • Flooring: Tile
    Interior area
    • Total structure area: 2,282
    • Total interior livable area: 1,814 sqft

    Property

    Parking
    • Parking features: Garage
    • Garage spaces: 2
    Features
    • Levels: One
    • Stories: 1
    • Patio & porch: Rear Porch, Enclosed
    • Exterior features: Dock, Fence
    • Pool features: None
    • Has view: Yes
    • View description: Lake
    • Has water view: Yes
    • Water view: Lake
    • Body of water: L. Grassy
    • Frontage type: Lakefront
    • Frontage length: 78
    Lot
    • Size: 9,583 Square Feet
    Details
    • Additional parcels included: ,,
    • Parcel number: C22373020025800290
    • Zoning description: R1
    • Special conditions: None

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: One Story
    • Property subtype: Single Family Residence
    Materials
    • Block, Concrete
    • Roof: Shingle
    Condition
    • Resale
    • Year built: 1987

    Utilities & green energy

    • Sewer: None, Septic Tank
    • Water: Private, Well
    • Utilities for property: Sewer Not Available

    Community & HOA

    HOA
    • Has HOA: Yes
    • HOA fee: $25 annually
    Location
    • Region: Lake Placid

    Financial & listing details

    • Price per square foot: $284/sqft
    • Tax assessed value: $441,174
    • Annual tax amount: $6,127
    • Date on market: 8/1/2025
    • Cumulative days on market: 2 days
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,FHA,USDA Loan,VA Loan
    • Road surface type: Paved

    Price history

    DateEventPrice
    9/3/2025Sold$515,000+8.4%$284/sqft
    Source: Public Record Report a problem
    8/4/2025Pending sale$475,000$262/sqft
    Source: HFMLS #316567 Report a problem
    8/1/2025Listed for sale$475,000-5.9%$262/sqft
    Source: HFMLS #316567 Report a problem
    1/20/2022Sold$505,000-4.7%$278/sqft
    Source: Public Record Report a problem
    1/14/2022Pending sale$529,900$292/sqft
    Source: Berkshire Hathaway HomeServices Florida Properties Group #281573 Report a problem
    11/24/2021Contingent$529,900$292/sqft
    Source: HFMLS #281573 Report a problem
    7/12/2021Price change$529,900+0.9%$292/sqft
    Source: HFMLS #281573 Report a problem
    6/28/2021Price change$525,000+5.2%$289/sqft
    Source: Owner Report a problem
    5/31/2021Listed for sale$499,000+112.3%$275/sqft
    Source: Owner Report a problem
    2/3/2017Sold$235,000-14.5%$130/sqft
    Source: Public Record Report a problem
    10/2/2016Listed for sale$274,900+30.9%$152/sqft
    Source: Visual Tour #240296 Report a problem
    7/21/2014Sold$210,000-4.5%$116/sqft
    Source: Public Record Report a problem
    3/28/2014Listed for sale$220,000-4.3%$121/sqft
    Source: CENTURY 21 Compton Realty #229399 Report a problem
    2/7/2011Sold$230,000-20.7%$127/sqft
    Source: Public Record Report a problem
    10/31/2010Listing removed$289,900$160/sqft
    Source: Brantley Properties #212734 Report a problem
    9/16/2010Price change$289,900-12.1%$160/sqft
    Source: Brantley Properties #212734 Report a problem
    4/14/2010Listed for sale$329,900+78.4%$182/sqft
    Source: Brantley Properties #212734 Report a problem
    3/7/2001Sold$184,900$102/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$6,257 +2.1%$441,174 +1.9%
    2024$6,128 -3.1%$432,969 -1.4%
    2023$6,323 +28%$439,166 +33.7%
    2022$4,940 +81.2%$328,442 +63.8%
    2021$2,726 +2.6%$200,555 +1.4%
    2020$2,658 $197,786 +2.3%
    2019$2,658 +2.2%$193,339 +1.9%
    2018$2,601 +1.3%$189,734 +10.7%
    2017$2,568 -10.1%$171,335 -4.7%
    2016$2,857 -6.8%$179,846 +9.8%
    2015$3,066 +9.1%$163,860
    2014$2,810 --
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    Find assessor info on the county website

    Neighborhood: 33852

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