Steve Goldman
Team Foldes | CPC
REALTOR®
Print This Listingx
Select a format below, new window will open and will prompt you to print.
Description
Owner Financing 1/2 Down 7% int/2yr Bal. 18 Hole Golf Course with Restaurant, Golf Shop & Maintenance Facility with Equipment all on 139+-Acres priced at Only $13,309 per acre for Fast Sale /Offering Tremendous Upside Potential to develop 1/2 of the course into 201+-Homesites Plus 48 Unit Townhomes on 4 acre (on restaurant site) while retaining the balance of the course as 9 Hole Golf Course, add pickle ball courts & add a spa on the extra commercial lot for even more potential profit! 60 Golf Carts & equipment are included in sale & the restaurant with liquor license is leased. Past income of this business produced 8% Cap Rate 2021 & 9% Cap Rate 2022. This course is the Only Golf Course in Lake Placid. Allocation of values / Proforma Metrics: Restaurant, $400,000; 9-hole golf course @ $4,105 +/- per acre, $275,000; 67 acres with 201 homesites+48 Townhomes at $4,117 per homesite/unit, $1,025,000; golf cart and equipment, $150.000. Do Not Disturb restaurant tenant! Sale is confidential and buyer Must sign confidentiality agreement before showings & getting detail package of information!
Property Highlights
Property Type: Commercial -
Cooling: Central Air
Heating: Central
Lot Size: 134.09 Acres
Stories: 1.0
Taxes: $4,341
Year Built: 1967
General Information
County: Highlands
Subdivision: PLACID LAKES
Listed By:
Gregory Karlson
ADVANTAGE REALTY 1
863-386-1111
MLS ID: L4949447
Property Features
Days on Site: 524
Directions: US 27 & Hammock Rd south to Lake Placid to Interlake Blvd to Catfish Cr Rd to Placid Lakes Blvd to Golf course on right.
Exterior: Concrete
Flood Zone Code: X
Flooring: Linoleum
Foundation: Slab
Home Warranty Y/N: No
Listing Terms: Cash, Conventional, Owner Financing
Lot Dimensions: 134.09
Ownership: Other
Property Attached Y/N: No
Property Sub-Type: Business
Showing Instructions: ShowingTime
Special Sale Provisions: None
Special View Info: Water
Water Access: Pond
Water Access Y/N: Yes
Zoning: AU
Shown By
Get in Touch
Contact an agent to learn more about
3603 Placid Lakes Boulevard, Lake Placid, FL 33852.
Steve Goldman
Cell: (941) 374-1019
Email: stevegoldman@wagnerrealty.com
Member Participants (and their affiliated licensees, if applicable) shall indicate on their websites that IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Privacy Policy / DMCA Notice / ADA Accessibility
This site is hosted, designed and copyright
© 1994 - 2026 by
Delta Media Group, Inc. -- Patent Pending --