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Overview

0 ba7,874 sqftMixed Use
TypeMixed Use
HOANone listed
Built1989
Lot439,085 sqft
Living area7,874 sqft
Price / sqft$286

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About this home

1346 Us 27 Highway N is a 1989-built home Lake Placid. Listed at $2,250,000 (about $286/sqft), 668 days on market.

From the listing

Over 10 acres of prime US Highway 27 frontage. Three existing buildings w/ total of 7874 sq ft, built as model homes for neighboring gated community, previously used as medical offices and maintained in good, clean condition, with 40 paved parking spaces as currently configured. Advent Health hospital, medical offices and Health & Rehabilitation Center adjacent to the south. Upscale, gated Tomoka Heights community adjacent to the north and west. 1/5 mile highway frontage opposite the new Amazon facility. Dedicated highway crossover with deceleration lanes in both directions. Private road south to hospital and S. Tomoka Boulevard, which is expected to be extended across US 27 to the Amazon property, complete with signalized intersection. Existing R3 zoning permits - among many other uses - medical and professional offices, single and multi-family housing, apartments, condos, hotels/motels with or without restaurants, and assisted living/nursing care. This is Ground Zero not only for medical facilities, but for the boom expected to accompany the progress of the Amazon center, with its concomitant effect on surrounding property availability and value. As the Amazon facility evolves and its employees need housing and ancillary industries and businesses seek a foothold, the owner of this property will be in a most enviable position. Seize this opportunity now, before its price reflects its surroundings and its potential! Southern 5 acres of this parcel also available separately.

The essentials

Built
1989
Price / sqft
$286
On market
668 days
Annual tax
$24,883
Lot
439,085 sqft
Type
Mixed Use

At a glance

Single family
Built 1989
10.08 acres
Lot size
7,874 sqft
Living area

Payment

Est. monthly payment
$14,934/mo
Down payment (20%)
$450,000
Property taxes
$2,074/mo
Rate assumed
6.8% ยท 30 yr
View full breakdown

Details

Type
Mixed Use
Year Built
1989
Lot
439,085 sqft
Cooling
-
Heating
-
Parking
-
Days on Market
668
Annual Tax (2023)
$24,883

Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.

County
Highlands
Lot Size
439,085 sqft

Price history

Date
Event
Price
-
Price change
Source: Stellar MLS #L4949407
$2,250,000-30.8%
$286/sqft
12/11/2024
Listed for sale
Source: Stellar MLS #L4949407
$3,250,000
$413/sqft

Neighborhood

1346 Us 27 Highway N
Lake Placid, FL, 33852

Market insights

Offer Insights

Choose an offer strength

List price: $2,250,000
$2.08M โ€“ $2.25M
92.6% โ€“ 100% of listTops out right at the list price
80% of listList price
33 of the last 65 home closings in 33852 landed at this number or higher (51%). The median one sat 51 days before it went under contract, and this one is on day 668 after a $1,000,000 cut.

Sample: 65 closed home sales in 33852 over the last 8 months, Stellar MLS. A starting point, not a guarantee.

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Calculator

Est. monthly payment
$14,933/mo
Principal & interest$11,735
Property taxes$2,074
Insurance$1,125
Down payment20% ยท $450,000
Interest rate6.80%
Loan term

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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

$2,250,000

$286 per sq ft

Size

7,874 sq ft

Time on market

668 days

Year built

1989

Monthly payment

About $14,934/mo

That is 20% down on a 30-year fixed at 6.8%, plus the home's $24,883 annual tax bill, insurance.

Offer

What should I offer?

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Brokered byADVANTAGE REALTY 1Listing agent: Jim PyleListing data from Stellar MLS, MLS# L4949407.

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