Remodeled Waterfront
101-103 Jasmine CT Lake Placid, FL 33852
For Sale
$315,000
MULTI_FAMILY - Lake Placid, FL
Property Size1,808 SF
Lot Size0.25 Acres
Price / SF$174.23
Days on Market10
Property Features for 101-103 Jasmine CT
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Rooms
Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 1
Parking
4
Window features
Blinds
Exterior features
Fence
Fencing
Fenced
Standard status
Active
APN
C 22 37 30 010 00B0 0010
Size
1,808 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SUNN LAKES EST SEC 1 PB 8-PG 10 LOTS 1 + 2 BLK B
Tax Annual Amount
3091
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Well
Water front features
Lake
Water front
1
Building Details
Year built
1962
Floors in Building
1
Flooring type
Laminate
Building materials
Block, Frame, Stucco
Roof type
Aluminum
Listing Agency:
Realty Empire Incorporated
(786) 664-7710
Listed By:
Stephanie Leon · License #3196121
(786) 664-7710
Added: Jul 18
Changed: Jul 23
Last Checked: Jul 27 at 11:06PM
MLS# A11990618
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This remodeled waterfront duplex includes two separate houses on one corner lot. Each unit has a sun room, and Unit 1 also includes a dedicated laundry room with a 2025 washer/dryer. Interior updates include new shaker kitchens, quartz countertops, and stainless steel appliances. The property also features newer A/C units installed in 2023 and a brand-new water filtration system installed in 2025, along with modern metal energy efficient roofs.
Unit 1 is configured as 2 bedrooms and 1 bathroom, plus a sun room and laundry room. Unit 2 is configured as 1 bedroom and 1 bathroom, plus a sun room and a storage room.
The parcel is described as a large corner lot with canal access to Lake Grassy. Community amenities include a boat ramp, tennis, pickleball, and a clubhouse, and the remarks state these are included with property taxes.
Unit 1 is configured as 2 bedrooms and 1 bathroom, plus a sun room and laundry room. Unit 2 is configured as 1 bedroom and 1 bathroom, plus a sun room and a storage room.
The parcel is described as a large corner lot with canal access to Lake Grassy. Community amenities include a boat ramp, tennis, pickleball, and a clubhouse, and the remarks state these are included with property taxes.
Key Highlights
- Remodeled waterfront duplex in the Sun and Lakes community with canal access to Lake Grassy
- 2 separate units: Unit 1 is 2BR/1BA plus sun room and laundry with washer/dryer (2025); Unit 2 is 1BR/1BA plus sun room and storage
- Newer A/C units (2023) plus central air and central heating
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $25.0k | $13.80 |
| − Vacancy | −$1.6k | −$0.90 |
| EGI | $23.3k | $12.90 |
| − OpEx | −$7.0k | −$3.87 |
| NOI | $16.3k | $9.03 |
1,808 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$233.3K
$204.1K – $272.2K
NOI $16,330 @ 7.0% cap · market cap 5.18%
Second Best
Apartment 5plus
$216.8K
$189.7K – $252.9K
NOI $15,175 @ 7.0% cap · market cap 4.82%
Theoretical Best
Office A
$376.1K
$329.1K – $438.8K
NOI $26,330 @ 7.0% cap · market cap 8.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Remodeled duplex offers two separate units, each with sun rooms and recent interior updates on a corner lot with canal access.
Where is this duplex located?
The property is located at 101-103 Jasmine CT Lake Placid, FL.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Remodeled waterfront duplex in the Sun and Lakes community with canal access to Lake Grassy; 2 separate units: Unit 1 is 2BR/1BA plus sun room and laundry with washer/dryer (2025); Unit 2 is 1BR/1BA plus sun room and storage; Newer A/C units (2023) plus central air and central heating
