Move-In Ready 2-Bed
For Sale
Under Contract
$154,500
160 Parkview Circle, Lake Placid, FL 33852
Residential, Single Story, Lake Placid, FL
Property Size1,576 SF
Lot Size0.11 Acres
Price / SF$98.03
Days on Market110
Property Features for 160 Parkview Circle
General Information
Property type
Residential
Property subtype
Duplex
Zoning
M1FUD
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 2, Bedroom 1, Bathroom 1
Parking features
Garage
Pets allowed
Yes, Call
Elementary school
Lake Placid Elementary
Middle school
Lake Placid Middle
High school
Lake Placid High
Directions
From Lake Placid, take US 27 North to a left on Lake Francis Rd to covered Bridge. Continue straight on Venetian Pkw to a left on Parkview Circle, home is on the left
Standard status
Active Under Contract
APN
C-15-36-29-060-0100-0150
Size
1,576 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
VENETIAN VILLAGE REVISED PB 11-PG 12 LOT 15 BLK 10
Tax Annual Amount
2514
HOA Fee
$112 Monthly
Legal Description
VENETIAN VILLAGE REVISED PB 11-PG 12 LOT 15 BLK 10
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Amenities
basic cable TV
lawn mowing
pool
hot tub
game room
exercise room
library
clubhouse
boat/RV storage
pickleball
cornhole
shuffleboard
private boat launch
Building Details
Year built
1982
Floors in Building
1
Flooring type
Tile, Laminate
Building materials
Concrete Block
Roof type
Shingle
Architectural style
Other
Listing Agency:
Paradise Real Estate International LLC
(863) 272-7540
Listed By:
German Paz · License #3173723
(786) 393-4682
Added: May 19
Changed: Aug 27
Last Checked: Sep 5 at 6:06PM
MLS# 325517
Copyright © 2026 Heartland Multiple Listing Service, Inc. 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.
Located in Covered Bridge, a 55+ community in Lake Placid, Florida, this well-maintained 2-bedroom, 2-bath villa offers a move-in ready setup and is being sold fully furnished. The home has had recent maintenance and upgrades, including a replaced irrigation pump, completed A/C maintenance, and professional servicing of the irrigation system.
The HOA provides a wide range of amenities, including basic cable TV and lawn mowing, along with pool and hot tub access, a game room, exercise room, library, and clubhouse. Community facilities also include boat/RV storage and a private boat launch into a deep-water canal system that connects to Lake June and Lake Carrie.
For added convenience, the seller will remove personal items with sentimental value from the garage, and the property is described as being in a quiet area at the back of the community.
The HOA provides a wide range of amenities, including basic cable TV and lawn mowing, along with pool and hot tub access, a game room, exercise room, library, and clubhouse. Community facilities also include boat/RV storage and a private boat launch into a deep-water canal system that connects to Lake June and Lake Carrie.
For added convenience, the seller will remove personal items with sentimental value from the garage, and the property is described as being in a quiet area at the back of the community.
Key Highlights
- 2‑bedroom, 2‑bath villa in a 55+ community (Year built: 1982)
- HOA is $112/month and includes basic cable TV and lawn mowing
- Community amenities include pool, hot tub, game room, exercise room, library, clubhouse, pickleball, and shuffleboard
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$13,228
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.56%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$264,560
$264.6K
Cap Rate 7%
$188,971
$189.0K
Cap Rate 9%
$146,978
$147.0K
Market Conditions
NOI Build-Up for 1,576 SF
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.
Gross rent
$25.5K $16.20/SF
− Vacancy
−$1.5K −$0.94/SF
EGI
$24.1K $15.26/SF
− OpEx
−$10.8K −$6.87/SF
NOI
$13.2K $8.39/SF
Area
Highlands County, FL
Vacancy
5.80%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$264,560
Cap Rate 7%
$188,971
Cap Rate 9%
$146,978
Alternative Uses
Best Use
Apartment 5plus
$189.0K
$165.4K – $220.5K
NOI $13,228 @ 7.0% cap · market cap 8.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$327.9K
$286.9K – $382.5K
NOI $22,952 @ 7.0% cap · market cap 14.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
12
Businesses Nearby
Explore this area
Business Placement
Demographics for 33852, FL
21,635
Population
12,991
Households
1.7
Avg Household Size
55
Median Age
20%
College-Educated
85%
High-School Grad
293.4 sq mi
ZIP Area
74
Density / Sq Mi
$54,841
Median Household Income
$39,658
Median Earnings
$1,063
Median Rent
$205,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Single family property - 2-bedroom, 2-bath villa in a 55+ community with an HOA that covers lawn mowing and community amenities.
Where is this single family property located?
The property is located at 160 Parkview Circle Lake Placid, FL.
What is the asking price?
The asking price for this property is $154,500.
What are key features of this property?
This property features: 2‑bedroom, 2‑bath villa in a 55+ community (Year built: 1982); HOA is $112/month and includes basic cable TV and lawn mowing; Community amenities include pool, hot tub, game room, exercise room, library, clubhouse, pickleball, and shuffleboard
