300 Lost Lake Barn RdLake Placid, FL 33852

Property Details for 300 Lost Lake Barn Rd

Year built

1984

Construction

FRAME

Lot size

1.00 AC

Property size (Sq ft)

1,080 SF

Zone code

R1A

Property type

Office properties

Property subtype

Office buildings

APN

C-12-37-29-A00-0010-0000

APU

C123729A0000100000

Description

Exceptional 327-acre development opportunity in Lake Placid, Florida, offered at $9,500,000. This expansive property, zoned R1A, boasts significant potential for residential construction, with allowances for approximately 1,008 units (4 gross units per acre / 3 net units per acre). Water and sewer services are readily available, and annexation into Lake Placid is an option. The land features approximately 800 feet of frontage on Catfish Creek Canal, offering stunning waterfront access. Conveniently located approximately 1.5 hours from Orlando, Tampa, Fort Myers, and West Palm Beach, this location benefits from a lower cost of living than the Florida state average and proximity to a significant population base (over 18 million people within a four-hour radius). The property includes approximately 13,000 feet of paved road frontage and 14,000 feet of shell interior roads. Multiple development options exist, including a 55+ community, upscale waterfront homesites, and RV sites with a central clubhouse. The site is primarily uplands, featuring Lost Lake, a 7-acre spring-fed lake approximately 35 feet deep. Surrounded by lakes and boasting excellent elevation, this "Land between Lakes" property offers a unique and desirable location. Lake Placid's attractions include its status as the "Caladium Capital of the World" and its numerous murals. The area also includes June-in-Winter Scrub Preserve State Park. APN: C-11-37-29-A00-0021-0000, C-12-37-29-A00-0030-0000, C-12-37-29-A00-0031-0000, C-12-37-29-A00-0010-0000. Address: 300 Lost Lake Barn Rd, Lake Placid, FL 33852.

• CAP approach

  CAP return

  Valuation

  6%

  $315,646

  6.5%

  $291,366

  7%

  $270,554

• Comparable approach

  Method

  Valuation

  Relative Method

  $221,403

  Geo Method

  $169,592

• Alternative Use

  Use

  Valuation

  Residential

  $361,294

  Hospitality

  $330,943

  Educational

  $275,341

  Medical

  $284,810

  Retail

  $428,308

Location Insight

City

Lake Placid

County

Highlands

State

Florida

Latitude

27.2699

Longitude

-81.3736

CBSA code

42700

CBSA name

SEBRING, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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