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Sold for $390,000
  • $390,000

    511 Lake Saddlebags Dr, Lake Placid, FL 33852

    3beds
    2,004sqft
    Single Family Residence
    Built in 2007
    0.29 Acres Lot
    $388,600 Zestimate®
    $195/sqft
    $2,218 Estimated rent

    Home value

    $388,600

    Estimated sales range

    Not available

    $2,218/mo

    Zestimate® history
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    What's special

    Cozy electric fireplaceSolid wood staircaseSolid surface countertopsTerraced backyardElegant glass-front cabinetsBreathtaking panoramic lake viewsSpacious kitchen
    LAKE FRONT LIVING UNDER $450,000 is no longer a dream—it’s right here on beautiful Lake Saddlebags. This stunning home delivers incredible curb appeal offering breathtaking panoramic lake views the moment you step inside. The dramatic entry is enhanced by a solid wood staircase that leads to the lower level, setting the tone for the character and charm found throughout. The main living area is designed to maximize those unforgettable water views. The spacious kitchen features rich wood cabinetry, including elegant glass-front cabinets, along with solid surface countertops for easy maintenance. The dining room overlooks the lake, creating the perfect backdrop for morning coffee as the sun rises over the water. In the living room, a wall of sliding glass doors opens to a covered patio with composite wood deck—an ideal spot to relax with a glass of wine and enjoy the peaceful lake breeze. Inside, shiplap accent walls frame both the entertainment area and a cozy electric fireplace, adding warmth and style to the space. The primary suite is conveniently located on the main level and offers serene lake views along with a beautifully appointed bathroom featuring a soaking tub, perfect for unwinding after a day on the water. A guest bedroom and a half bath complete this level. Downstairs, a second living area provides incredible flexibility with its own screened patio and private entrance. Whether used as a guest suite, complete with living room, bedroom, and bathroom, or transformed into a home office, gym, or game room, this space adapts easily to your lifestyle. An wet bar with cabinetry, sink, and microwave adds even more convenience, along with extra storage tucked beneath the stairs. Step outside to the terraced backyard where the lake breeze draws you down to the water’s edge. The private boathouse includes a lift for your jet ski, and the dock is perfect for fishing or simply soaking in the peaceful surroundings. Lake Saddlebags, a scenic ridge lake with approximately 23 acres of water, offers endless opportunities for boating, skiing, swimming, fishing, or just relaxing in total tranquility. If you’ve been dreaming of lake life, this home proves you don’t have to compromise to make it a reality. After all LAKE LIFE IS THE BEST LIFE!!!! NEW ROOF 2018, NEW WATER HEATER 2025, NEW HVAC IN MAIN LEVEL 2024

    Zillow last checked:

    Listing updated:

    Listed by:

    Lisa Frantz,

    LPT Realty LLC

    Bought with:

    SEBRING NON MLS

    NON-MLS OFFICE

    Source: HFMLS,MLS#: 324318Originating MLS: Heartland Association Of Realtors

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    • Full bathrooms: 2
    • 1/2 bathrooms: 1
    Primary bedroom
    • Dimensions: 19 x 11
    Bedroom 2
    • Dimensions: 12 x 10
    Bedroom 3
    • Dimensions: 10 x 10
    Dining room
    • Dimensions: 13 x 10
    Family room
    • Dimensions: 18 x 14
    Garage
    • Dimensions: 20 x 16
    Kitchen
    • Dimensions: 16 x 11
    Living room
    • Dimensions: 13 x 13
    Porch
    • Dimensions: 21 x 10
    Porch
    • Dimensions: 21 x 10
    Heating
    • Central, Electric
    Cooling
    • Central Air, Electric
    Appliances
    • Included: Dryer, Dishwasher, Microwave, Oven, Range, Refrigerator, Washer
    Features
    • Ceiling Fan(s), Central Vacuum, Fireplace, Window Treatments
    • Flooring: Carpet, Laminate, Simulated Wood, Tile
    • Windows: Single Hung, Blinds
    • Has fireplace: Yes
    • Fireplace features: Electric
    Interior area
    • Total structure area: 2,361
    • Total interior livable area: 2,004 sqft

    Property

    Parking
    • Parking features: Garage, Garage Door Opener
    • Garage spaces: 1
    Features
    • Levels: Two
    • Stories: 2
    • Patio & porch: Rear Porch, Screened, Deck, Patio
    • Exterior features: Deck, Dock, Sprinkler/Irrigation, Patio
    • Pool features: None
    • Has view: Yes
    • View description: Lake
    • Has water view: Yes
    • Water view: Lake
    • Waterfront features: Bulkhead, Seawall
    • Body of water: Saddlebags
    • Frontage type: Lakefront
    • Frontage length: 80
    Lot
    • Size: 0.29 Acres
    Details
    • Additional structures: Boat House
    • Additional parcels included: ,,
    • Parcel number: P06373014000500020
    • Zoning description: R1A
    • Special conditions: None

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Two Story
    • Property subtype: Single Family Residence
    Materials
    • Block, Concrete
    • Roof: Shingle
    Condition
    • Resale
    • Year built: 2007

    Utilities & green energy

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

    Community & HOA

    HOA
    • Has HOA: No
    Location
    • Region: Lake Placid

    Financial & listing details

    • Price per square foot: $195/sqft
    • Tax assessed value: $354,069
    • Annual tax amount: $2,856
    • Date on market: 3/31/2026
    • Cumulative days on market: 66 days
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Conventional,VA Loan
    • Road surface type: Paved

    Price history

    DateEventPrice
    7/16/2026Sold$390,000-8.2%$195/sqft
    Source: Public Record Report a problem
    6/10/2026Pending sale$425,000$212/sqft
    Source: HFMLS #324318 Report a problem
    3/31/2026Listed for sale$425,000$212/sqft
    Source: HFMLS #324318 Report a problem
    11/8/2025Listing removed$425,000$212/sqft
    Source: BeachesMLS #F10518491 Report a problem
    9/30/2025Price change$425,000-0.8%$212/sqft
    Source: BeachesMLS #F10518491 Report a problem
    9/20/2025Price change$428,500-0.1%$214/sqft
    Source: BeachesMLS #F10518491 Report a problem
    8/14/2025Price change$429,000-4.5%$214/sqft
    Source: BeachesMLS #F10518491 Report a problem
    8/3/2025Price change$449,000-2.2%$224/sqft
    Source: BeachesMLS #F10518491 Report a problem
    7/1/2025Listed for sale$459,000+129.5%$229/sqft
    Source: Owner Report a problem
    6/27/2018Sold$200,000-11.4%$100/sqft
    Source: HFMLS #247670 Report a problem
    5/16/2018Price change$225,777+12.9%$113/sqft
    Source: Lake And Land Realty Of Highlands Inc #247670 Report a problem
    5/16/2018Pending sale$199,999$100/sqft
    Source: Lake And Land Realty Of Highlands Inc #247670 Report a problem
    5/16/2018Listed for sale$199,999+44.9%$100/sqft
    Source: Lake And Land Realty Of Highlands Inc #247670 Report a problem
    8/21/2014Sold$138,000-1.4%$69/sqft
    Source: Public Record Report a problem
    6/25/2014Listed for sale$139,900-24.3%$70/sqft
    Source: RE/MAX REALTY PLUS #230496 Report a problem
    5/16/2014Listing removed$184,900$92/sqft
    Source: CENTURY 21 Hazellief & Prevatt Realty, Inc. #207816 Report a problem
    2/14/2014Listed for sale$184,900+1749%$92/sqft
    Source: CENTURY 21 Hazellief & Prevatt Realty, Inc. #207816 Report a problem
    9/6/2013Sold$10,000-93.9%$5/sqft
    Source: Public Record Report a problem
    7/12/2013Price change$165,000-5.7%$82/sqft
    Source: Highlands Ridge Realty #225858 Report a problem
    5/12/2013Listed for sale$175,000+507.6%$87/sqft
    Source: Keller Williams Realty Wellington #R3366642 Report a problem
    6/10/2003Sold$28,800$14/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$2,857 +7.1%$184,342 +2.9%
    2024$2,666 +2.5%$179,147 +3%
    2023$2,601 +2.8%$173,929 +3%
    2022$2,531 -0.7%$168,863 +3%
    2021$2,549 +1.9%$163,945 +1.4%
    2020$2,501 $161,681 +2.3%
    2019$2,501 +1.6%$158,046 -10.6%
    2018$2,461 -13.9%$176,798 +2.1%
    2017$2,857 +4.7%$173,162 +2.1%
    2016$2,730 +0.2%$169,600 +0.7%
    2015$2,725 $168,421
    Find assessor info on the county website

    Neighborhood: 33852

    Nearby schools

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