Highlands Lake Groves LLC
BUY
$12,500,000
Property Description
Lake Placid is a small town brimming with potential! Known for its boating lifestyle, the town features 29 named lakes spanning over 11,000 acres, including Lake Istokpoga, Florida's fifth-largest lake. This abundance of water resources offers endless recreational opportunities, making it a magnet for visitors and future residents alike. Additionally, Lake Placid is renowned for its historical murals that portray artistic messages and the town's rich history. I have included a brif video that shows a little about the area and the development project.
https://youtu.be/_NdRqQw_FGs?si=f3uesKUTxAwXVm2s. <<<<CLICK ON THE LINK<<<<<
The development site I have available consists of 57.5 acres, boasting the highest elevation in downtown Lake Placid. Here's a quick overview of the property:
• Commercial Land: 18.84 acres zoned Town of Lake Placid Commercial-General (CG)
• Residential Land: 38.71 acres zoned Low Medium Density Residential (LMDR)
• Total Acreage: Approximately 57.5 acres
• Current Residential Cap: Open for Zoning & Planning—VERY flexible and agreeable City.
• Current Buildable Commercial Use: Open for Zoning & Planning
• Tax Benefits: No taxes owed to city/county for land until property is approved and built
• Zoning Flexibility: Town is highly flexible with development zoning and usability
Lake Placid, once renowned for its citrus groves, now presents an exceptional opportunity for innovative development. With its natural charm, scenic beauty, and strategic location, Lake Placid stands as a prime location for visionary developers. This is the BEST land in all of the downtown area with the highest elevation and beautiful gently rolling hills.
Bedrooms
200
Levels
Bathrooms
Built Year
Sqft
2504700
Main Location
Lake Placid, FL US
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