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.
For sale
$2,999,000
2105 Us Highway 27 S, Lake Placid, FL 33852
22beds
--sqft
Multi Family, Apartment
Built in 2008
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Waterfrontage on lake grassyWater accessHighway frontage
- 4 days |
- 97 |
- 2 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Lazaro Martinez,
Hammock Realty
Source: HFMLS,MLS#: 327087Originating MLS: Heartland Association Of Realtors
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 22
- Bathrooms: 22
- Full bathrooms: 18
- 1/2 bathrooms: 4
Heating
- Central, Electric
Cooling
- Central Air, Electric
Appliances
- Included: Dishwasher, Electric Water Heater, Microwave, Refrigerator
Features
- Ceiling Fan(s)
- Flooring: Carpet, Tile
- Windows: Insulated Windows, Single Hung
Video & virtual tour
Property
Parking
- Parking features: Assigned, Driveway, Detached, One Space, Two Spaces, On Street
Features
- Levels: One,Two
- Stories: 1
- Pool features: None
- Has view: Yes
- View description: Canal, Lake
- Has water view: Yes
- Water view: Canal,Lake
- Body of water: Grassy
- Frontage type: Canal,Lakefront
Lot
- Size: 6.03 Acres
Details
- Additional parcels included: C21373002000A00000,C21373002000AA0000,
- Parcel number: C203730A0000600000
- Zoning description: R3FUD
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Architectural style: One Story,Two Story
- Property subtype: Multi Family, Apartment
Materials
- Block, Concrete
- Roof: Barrel
Condition
- Good Condition,Resale
- Year built: 2008
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
HOA
- Has HOA: No
- Amenities included: Powered Boats Allowed
Location
- Region: Lake Placid
Financial & listing details
- Annual tax amount: $25,875
- Date on market: 8/10/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
$1,229/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/10/2026 | Listed for sale | $2,999,000 |
Source: HFMLS #327087 Report a problem | ||
| 8/1/2026 | Listing removed | $2,999,000 |
Source:  Stellar MLS #L4954869 Report a problem | ||
| 8/1/2025 | Listed for sale | $2,999,000 |
Source: HFMLS #316603 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 33852
Nearby schools
GreatSchools rating
- 7/10Lake Country Elementary SchoolGrades: PK-5Distance: 2 mi
- 4/10Lake Placid Middle SchoolGrades: 6-8Distance: 4.5 mi
- 4/10Lake Placid High SchoolGrades: PK,9-12Distance: 4.3 mi
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A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
