Welcome to a golden investment opportunity in the heart of Lake Placid! This income-producing property offers the best of both worlds - a spacious 3-bedroom, 2-bathroom unit on one side and a cozy 2-bedroom, 1-bathroom unit on the other. Currently, the 3/2 unit is generating a steady stream of $1,400 per month in rent, while the 2/1 unit shines as a flourishing AirBNB, boasting an average monthly rental income of $1,200. With separate electric and water meters, the flexibility here is unmatched. The recently replaced HVAC system in 2022 ensures efficiency and peace of mind. Although there are no issues, the seller is offering up to $10,000 at closing towards the replacement of the roof (with an approved offer), adding extra value to this incredible deal.
Sold for $330,000
$330,000
400 S PINE AVENUE, LAKE PLACID, FL 33852
5beds
2,079sqft
Duplex, Multi Family
Built in 1970
-- sqft lot
$325,700 Zestimate®
$159/sqft
$1,446 Estimated rent
Home value
$325,700
$300,000 - $352,000
$1,446/mo
Zestimate® history
Owner options
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$1,446/mo
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$1,446/mo
Rent Zestimate®
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$2,222/mo
Est. payment
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$2,222/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Cullen Wheeler 941-875-9060,
KW PEACE RIVER PARTNERS 941-875-9060
Bought with:
Cullen Wheeler
KW PEACE RIVER PARTNERS
Source: Stellar MLS,MLS#: C7480171
Originating MLS: Port Charlotte
Originating MLS: Port Charlotte
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Primary bedroom
- Features: Built-in Closet
- Level: First
Dining room
- Level: First
Family room
- Level: First
Kitchen
- Level: First
Living room
- Level: First
Heating
- Central, Electric
Cooling
- Central Air
Appliances
- Included: Range, Refrigerator
Features
- None
- Flooring: Tile
- Has fireplace: No
Interior area
- Total structure area: 11,325
- Total interior livable area: 2,079 sqft
Property
Features
- Levels: One
- Stories: 1
- Exterior features: Other
Lot
- Size: 0.26 Acres
- Dimensions: 88 x 129
Details
- Parcel number: P06373004001900120
- Zoning: R2
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex, Multi Family
Materials
- Concrete
- Foundation: Slab
- Roof: Shingle
Condition
- New construction: No
- Year built: 1970
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: BB/HS Internet Available, Cable Available, Electricity Available, Phone Available
Community & HOA
Community
- Pet fee: $0 monthly
- Subdivision: HOFFMAN GROVE 02
HOA
- Has HOA: No
Location
- Region: Lake Placid
Financial & listing details
- Price per square foot: $159/sqft
- Tax assessed value: $232,735
- Annual tax amount: $3,153
- Date on market: 9/7/2023
- Cumulative days on market: 33 days
- Ownership: Fee Simple
- Total actual rent: 0
- Electric utility on property: Yes
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 6/3/2026 | Listing removed | $1,400$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/15/2026 | Price change | $1,400-5.1%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/12/2026 | Listed for rent | $1,475-1.3%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/15/2024 | Listing removed | -- |
Source: HFMLS #300459 Report a problem | ||
| 3/8/2024 | Price change | $1,495-2%$1/sqft |
Source: HFMLS #300459 Report a problem | ||
| 1/27/2024 | Price change | $1,525-3.2%$1/sqft |
Source: HFMLS #300459 Report a problem | ||
| 1/12/2024 | Price change | $1,575-1.6%$1/sqft |
Source: HFMLS #300459 Report a problem | ||
| 12/15/2023 | Listed for rent | $1,600+14.3%$1/sqft |
Source: HFMLS #300459 Report a problem | ||
| 10/16/2023 | Sold | $330,000-2.9%$159/sqft |
Source:  Stellar MLS #C7480171 Report a problem | ||
| 9/22/2023 | Pending sale | $339,900$163/sqft |
Source: HFMLS #297565 Report a problem | ||
| 9/7/2023 | Listed for sale | $339,900+10.7%$163/sqft |
Source: Stellar MLS #C7480171 Report a problem | ||
| 10/3/2022 | Listing removed | -- |
Source: HFMLS Report a problem | ||
| 9/7/2022 | Price change | $1,400-12.5%$1/sqft |
Source: HFMLS #289143 Report a problem | ||
| 8/18/2022 | Listed for rent | $1,600$1/sqft |
Source: HFMLS #289143 Report a problem | ||
| 6/16/2022 | Sold | $307,000-2.5%$148/sqft |
Source: Public Record Report a problem | ||
| 4/23/2022 | Contingent | $315,000$152/sqft |
Source: HFMLS #286487 Report a problem | ||
| 4/13/2022 | Listed for sale | $315,000+168.6%$152/sqft |
Source: HFMLS #286487 Report a problem | ||
| 5/18/2021 | Sold | $117,287+12.8%$56/sqft |
Source: Public Record Report a problem | ||
| 4/14/2021 | Pending sale | $104,000$50/sqft |
Source: HFMLS #279522 Report a problem | ||
| 3/26/2021 | Listed for sale | $104,000+14.3%$50/sqft |
Source: HFMLS #279522 Report a problem | ||
| 1/22/2021 | Sold | $91,000$44/sqft |
Source: Public Record Report a problem | ||
| 12/17/2020 | Listed for sale | -- |
Source: Hudson & Marshall Report a problem | ||
| 8/12/2020 | Listing removed | -- |
Source: Hudson & Marshall Report a problem | ||
| 7/17/2020 | Listed for sale | -- |
Source: Hudson & Marshall Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,344 +1.6% | $232,735 -2.5% |
| 2024 | $4,274 +3.4% | $238,775 +5.4% |
| 2023 | $4,133 +31.1% | $226,489 +36.9% |
| 2022 | $3,154 +42.5% | $165,402 +55% |
| 2021 | $2,213 +9.1% | $106,702 +12.7% |
| 2020 | $2,028 | $94,692 +34.6% |
| 2019 | $2,028 +27.2% | $70,360 +42.6% |
| 2018 | $1,594 | $49,345 +2.1% |
| 2017 | -- | $48,330 +2.1% |
| 2016 | -- | $47,336 +0.7% |
| 2015 | -- | $47,007 |
| 2014 | $634 | -- |
| 2013 | -- | -- |
| 2012 | -- | -- |
| 2011 | -- | -- |
| 2010 | -- | -- |
| 2009 | -- | -- |
| 2008 | -- | -- |
| 2007 | -- | -- |
| 2006 | -- | -- |
| 2005 | -- | -- |
| 2004 | -- | -- |
| 2003 | -- | -- |
| 2002 | -- | -- |
| 2001 | -- | -- |
| 2000 | -- | -- |
Find assessor info on the county website
Neighborhood: 33852
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Nearby schools
GreatSchools rating
- 9/10Lake Placid Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 4/10Lake Placid Middle SchoolGrades: 6-8Distance: 0.5 mi
- 4/10Lake Placid High SchoolGrades: PK,9-12Distance: 0.4 mi
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- Florida
- Highlands County
- Lake Placid
- 33852
- 400 S PINE AVENUE
Nearby cities
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