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About this home
16 W Palm Cir is a 1973-built home in Unrec Sub, Lake Placid. Inside you'll find 2 bedrooms, 1 bathrooms, and 1,008 square feet of living space. Listed at $129,500 (about $128/sqft), 101 days on market. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable. HOA runs $105 quarterly.
Owner Financing available at 5% interest with 3-5 year term with 25% down! Fully Furnished Waterfront Home on Lake Grassy! Don't miss this rare opportunity to own a turn-key waterfront retreat in the highly sought-after Lake Placid area. Whether you're looking for a full-time residence, weekend escape, or investment property, this charming 2-bedroom, 1-bath home offers the perfect blend of comfort, convenience, and Florida lakefront living. Bring your boats, Jet Skis, fishing poles, and sense of adventure, and start enjoying everything this exceptional property has to offer. Nestled along a peaceful lagoon with direct canal access to beautiful Lake Grassy, this home is perfectly positioned for boating, fishing, kayaking, or simply relaxing while taking in the tranquil waterfront views. Inside, you'll find a spacious living area filled with natural light, featuring sliding glass doors that create a seamless connection between indoor and outdoor living. The generously sized primary bedroom offers a walk-in closet along with built-in cabinetry that provides an abundance of storage. The bathroom is thoughtfully designed with dual vanities and a walk-in shower for added comfort and convenience. The kitchen overlooks the lagoon, making meal preparation a pleasure while enjoying the scenic water views. A convenient pass-through opens to the living area, while the adjacent dining space creates an inviting setting for everyday living and entertaining family and friends. Step outside and experience everything waterfront living has to offer. The sale includes two floating Jet Ski docks and a floating boat dock, making it easy to launch your next day on the water. Additional exterior features include a screened-in front porch, a rear patio overlooking the lagoon, extra storage on the back side of the home, ample parking, and an additional area directly across from the home that is perfect for storing trailers, boats, or recreational vehicles. Additional highlights include central air conditioning, portable A/C units in each bedroom and the addition/living area for enhanced comfort, and an incredibly affordable HOA fee of just $105 per quarter, which includes community water service. Located in a welcoming waterfront community, you'll enjoy being just a short drive from downtown Lake Placid, Lake Istokpoga, Sebring, and world-renowned Lake Okeechobee, offering endless opportunities for recreation, dining, shopping, and some of Florida's best freshwater fishing. This home is truly move-in ready—simply grab your toothbrush, pack your clothes, and start enjoying the Florida waterfront lifestyle you've been dreaming of. Schedule your private showing today before this exceptional opportunity is gone!
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The essentials
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Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.
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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. HOA includes any condo dues reported on the listing. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.
Quick answers.
Price
$129,500
$128 per sq ft
Beds and baths
2 beds, 1 baths
Size
1,008 sq ft
Time on market
101 days
Year built
1973
Monthly payment
About $886/mo
That is 20% down on a 30-year fixed at 6.8%, plus the home's $1,338 annual tax bill, insurance, and the $105/qtr HOA fee.
HOA fee
$105/qtr
Managed by Lake Grassy Homesites Association.
Flood zone
Zone X
That is outside the high-risk areas, so flood insurance is usually optional rather than required by a lender.
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