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For sale
  • Price cut: $450K (7/22)
    $2,500,000

    517 Us Highway 27 N, Lake Placid, FL 33852

    29beds
    --sqft
    : 
    $15,396/mo
    Get pre-qualified
    Multi Family, Apartment
    Built in 1960
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Durable metal roofExcellent highway frontage
    Prime investment opportunity on highly visible Highway 27 in Lake Placid! This 29-room property is currently operating as H2A housing and offers strong income potential with the capacity to accommodate up to 130 occupants. The building features a durable metal roof and has been updated with new split-unit HVAC systems in every room, providing efficient and comfortable climate control throughout. With excellent highway frontage and easy access, this property is ideal for continued workforce housing, hospitality conversion, or other income-producing uses. Its large occupancy capacity and recent upgrades make it a turnkey opportunity for investors seeking immediate cash flow in a growing area. Don’t miss your chance to own a versatile, high-demand property in a prime location!
    107 days
    |
    114
    |
    2
    |

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Drew Bishop,

    Keller Williams Realty Fort Myers and the Islands

    Source: HFMLS,MLS#: 324399Originating MLS: Heartland Association Of Realtors

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 29
      • Bathrooms: 25
      • Full bathrooms: 25
      Heating
      • Central, Electric
      Cooling
      • Central Air, Electric
      Features
      • Flooring: Plank, Vinyl

      Property

      Features
      • Levels: One
      • Stories: 1
      • Pool features: None
      • Frontage length: 200
      Lot
      • Size: 1.85 Acres
      Details
      • Additional parcels included: ,,
      • Parcel number: P31363008000F00000
      • Zoning description: B3
      • Special conditions: None

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: One Story
      • Property subtype: Multi Family, Apartment
      Materials
      • Block, Concrete
      • Roof: Metal
      Condition
      • Resale
      • Year built: 1960

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

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

      Financial & listing details

      • Annual tax amount: $17,975
      • Date on market: 5/6/2026
      • Cumulative days on market: 107 days
      • Listing agreement: Exclusive Right To Sell
      • Listing terms: Cash
      • Road surface type: Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $1,186/mo

        Price history

        DateEventPrice
        7/22/2026Price change$2,500,000-15.3%
        Source: HFMLS #324399 Report a problem
        5/6/2026Listed for sale$2,950,000
        Source: HFMLS #324399 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.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 33852

        Getting around

        58 / 100
        Somewhat Walkable
        41 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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