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About this home
705 Us 27 N is a home Lake Placid. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable.
16.59 Acres with 613 feet of US 27 Frontage. Property has access to Central City water and sewer. Location is perfect as it's withing minutes of all the Town of Lake Placid. Zoned C1/R2 for commercial or residential development front half is zoned with US 27 frontage & Medium turn for easy franchise developments with real half (8+- acres) zoned multi-family for townhomes viewing down on the beautiful Lake Clay.
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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.
Price history
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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. 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
$4,999,900
Time on market
760 days
Monthly payment
About $28,582/mo
That is 20% down on a 30-year fixed at 6.8%, plus the home's $69 annual tax bill, insurance.
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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