Duplex with Bonus Florida
For Sale
$230,000
7 Maplewood Court, Lake Placid, FL 33852
SINGLE_FAMILY - Lake Placid, FL
Property Size2,065 SF
Lot Size0.18 Acres
Price / SF$111.38
Days on Market86
Property Features for 7 Maplewood Court
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R3FUD
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 1
Parking features
Garage
Interior features
BB / HS Internet Available, Blinds, Cable TV Available, Ceiling Fans, Garage Door Opener, Low Threshold Shower
Appliances
Dishwasher, Disposal, Refrigerator(s), Stove(s) / Range(s) Oven(s)
Directions
From Hwy 27 and US 98 head South on Hwy 27. Turn right onto Tomoka Blvd South, enter gate and make a right onto Rosewood Drive North, turn right onto Brentwood Drive North and then make a left onto Maplewood Ct, home is on the right.
Standard status
Active
APN
C-25-36-29-080-00L0-03A0
Size
2,065 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
TOMOKA HEIGHTS SEC FOUR PB 14 PG 52 LOT 3A BLK L
Tax Annual Amount
2806
HOA Fee
$252 Monthly
Legal Description
TOMOKA HEIGHTS SEC FOUR PB 14 PG 52 LOT 3A BLK L
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Amenities
bonus/Florida room
enclosed front porch
screened front porch
updated kitchen
clubhouse
community pool
jacuzzi
tennis courts
screened lakefront gathering area
private boat launch and docking area
Building Details
Year built
1986
Floors in Building
1
Flooring type
Tile, Carpet
Building materials
Concrete Block
Roof type
Shingle
Architectural style
Other
Listing Agency:
RE/MAX REALTY PLUS · RE/MAX International
(863) 385-0077
Listed By:
Katie Wilson · License #3501003
(863) 464-0848
Added: May 19
Changed: Aug 2
Last Checked: Aug 12 at 8:06PM
MLS# 325487
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.
Welcome to easy Florida living in the Tomoka Heights community. This well maintained 2 bedroom, 2 bath home includes an under-air bonus/Florida room that can serve as a sitting room, hobby space, office, or additional guest area. The updated kitchen supports everyday comfort, and the home features both an enclosed front porch and a separate screened front porch for relaxing indoors or outdoors. Inside, you’ll find tile and carpet flooring, ceiling fans, and ceiling-level conveniences including cable TV and BB/HS internet available. The property is on a concrete block structure with a shingle roof, electric central heating and cooling, and public sewer. Parking is provided with a garage, and the home was built in 1986.
Situated on a 0.18-acre lot at 7 Maplewood Court in Lake Placid, this residence is part of an active gated 55+ community. Tomoka Heights offers a large clubhouse, community pool, jacuzzi, tennis courts, and a beautiful screened lakefront gathering area. Boating enthusiasts can use the private boat launch and docking area with access to the water.
With its flexible bonus room and strong community amenities, this property is set up for comfortable seasonal or full-time living.
Situated on a 0.18-acre lot at 7 Maplewood Court in Lake Placid, this residence is part of an active gated 55+ community. Tomoka Heights offers a large clubhouse, community pool, jacuzzi, tennis courts, and a beautiful screened lakefront gathering area. Boating enthusiasts can use the private boat launch and docking area with access to the water.
With its flexible bonus room and strong community amenities, this property is set up for comfortable seasonal or full-time living.
Key Highlights
- Under‑air bonus/Florida room plus enclosed front porch and separate screened front porch
- Active gated 55+ community in Tomoka Heights with clubhouse, pool, jacuzzi, and tennis courts
- Private boat launch and docking area with access to the water
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
$18,651
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
8.11%
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%
$373,020
$373.0K
Cap Rate 7%
$266,443
$266.4K
Cap Rate 9%
$207,233
$207.2K
Market Conditions
NOI Build-Up for 2,065 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
$28.5K $13.80/SF
− Vacancy
−$1.9K −$0.90/SF
EGI
$26.6K $12.90/SF
− OpEx
−$8.0K −$3.87/SF
NOI
$18.7K $9.03/SF
Area
Highlands County, FL
Vacancy
6.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
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%
$373,020
Cap Rate 7%
$266,443
Cap Rate 9%
$207,233
Alternative Uses
Best Use
Multifamily LT 5
$266.4K
$233.1K – $310.9K
NOI $18,651 @ 7.0% cap · market cap 8.11%
Second Best
Apartment 5plus
$247.6K
$216.7K – $288.9K
NOI $17,332 @ 7.0% cap · market cap 7.54%
Theoretical Best
Office A
$429.6K
$375.9K – $501.2K
NOI $30,073 @ 7.0% cap · market cap 13.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
80
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - 2 bed, 2 bath duplex home in a gated 55+ community with a bonus Florida room under air.
Where is this duplex located?
The property is located at 7 Maplewood Court Lake Placid, FL.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: Under‑air bonus/Florida room plus enclosed front porch and separate screened front porch; Active gated 55+ community in Tomoka Heights with clubhouse, pool, jacuzzi, and tennis courts; Private boat launch and docking area with access to the water
