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    16 E Hibiscus St Lake Placid, FL 33852

    For Sale
    $325,000

    Multi-Unit (2-4), Duplex - Lake Placid, FL

    Property size:
    1,544 SF
    Lot size:
    0.15 Acres
    Days on Market:
    157
    Last Refresh:
    Dec 9 at 8:06 am

    Property Features for 16 E Hibiscus St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3
    Bedrooms
    3
    Bathrooms
    2
    APN
    P-06-37-30-040-0030-0030
    Parking features
    Garage
    Appliances
    Microwave, Refrigerator
    Size
    1,544 SF
    Lot size
    0.15 Acres

    Utilities

    Heating system
    Electric (Heating), Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1990
    Year renovated
    1990
    Building materials
    Stucco
    Roof type
    Asphalt
    Architectural style
    Other

    The Pipal Group (612) 404-8116

    Listing agent Sara Pipal (863) 304-3544

    Listing date Jul 6, 2025

    MLS# 11327655 Listing URL

    Copyright © 2025 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lake Placid Duplex Investment Opportunity

    This duplex presents a great investment opportunity in the heart of Lake Placid, Florida. Ideally located within walking distance of downtown, this property is suitable for investors and future homeowners. The property consists of two units. Unit 1 features 2 bedrooms and 1 bath, while Unit 2 offers 1 bedroom and 1 bath. Both units are currently occupied, providing immediate rental income. Unit 1 is rented on a month-to-month lease. Unit 2 has been fully remodeled. Both units feature high-impact windows and new A/C units. The property is located in a town known for its Main Street with local shops and eateries. A Farmers Market takes place on Saturdays. Lake Placid is known as the Caladium Capital of the World, and hosts the annual 3-day Caladium Festival. The property is centrally located, approximately a 2-hour drive from either coast. The lot size is 0.15 acres, and the living area is 1544 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lake Placid
    County
    Highlands
    State
    Florida
    Longitude
    -81.365835
    Latitude
    27.295991

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    FAQs

    What type of property is this?
    Duplex - Charming duplex in the heart of Lake Placid, Florida.
    Where is this duplex located?
    The property is located at 16 E Hibiscus St Lake Placid, FL.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: - Prime Location: Walking distance to downtown Lake Placid's shops and restaurants.; - Income-Producing: Both units currently rented, providing immediate rental income.; - Remodeled Unit: Unit 2 is fully remodeled.
    (863) 304-3544
    Request Owner's contact information
    16 E Hibiscus St Lake Placid, FL 33852
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    16 E Hibiscus St Lake Placid, FL 33852
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