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Waterfront Duplex with Income Potential

101-103 Jasmine Court Lake Placid, FL 33852

101-103 Jasmine Court, Lake Placid, FL, 33852
$325,000
For Sale
Claim this Listing
$325,000

Remodeled duplex with lake access, ideal for investors or Airbnb.

Property Size1,808 SF
Lot Size0.25 Acres
Price / SF$179.76
AddedMar 19
Days on Market119
Last RefreshJul 5 at 9:33 am

Property Features for 101-103 Jasmine Court

General Information

Standard status
Active
Size
1,808 SF
Lot size
0.25 Acres
Property subtype
Multi-Family Income / Duplex

Building Details

Year Built
1962

Listing office Realty Empire Incorporated

Listing date Mar 19, 2026

Source Compass

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Realty Empire Incorporated


Investment Insights

Based on property information with market context.

This remodeled duplex, situated in the Sun and Lakes Community, offers waterfront living with income potential. The property features two separate houses, each updated with new shaker kitchens, quartz counters, and stainless steel appliances. Both units are equipped with new A/Cs and metal roofs, and the property includes a brand-new water filtration system. Unit 1 consists of 2 bedrooms and 1 bathroom, along with a sun room. Unit 2 features 1 bedroom and 1 bathroom, also with a sun room. The property is located on a large ¼-acre corner lot with canal access to Lake Grassy, suitable for boating and jet skis. Community amenities include a boat ramp, tennis courts, pickleball courts, and a clubhouse, with an annual fee of $35 included in the property taxes. This duplex is suitable for investors, Airbnb hosts, or those looking to house-hack.

Key Highlights

  • Waterfront duplex with canal access to Lake Grassy
  • Two separate units: (2BR/1BA + sun room) and (1BR/1BA + sun room)
  • Remodeled with new shaker kitchens, quartz counters, and stainless steel appliances

Local 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 (±1% cap)
NOI $16,330 @ 7.0% cap · market cap 5.02%
Second Best
Apartment 5plus
$216.8K
$189.7K – $252.9K (±1% cap)
NOI $15,175 @ 7.0% cap · market cap 4.67%
Theoretical Best
Office A
$376.1K
$329.1K – $438.8K (±1% cap)
NOI $26,330 @ 7.0% cap · market cap 8.10%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

HVAC Service Auto Repair Shop Real Estate Agency Barber Shop Pet Grooming Service Food Market Wine and Liquor Store Bed & Breakfast Farmer's Market Clothing & Fashion Store

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

FAQs

What type of property is this?
Duplex - Remodeled duplex with lake access, ideal for investors or Airbnb.
Where is this duplex located?
The property is located at 101-103 Jasmine Court 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: Waterfront duplex with canal access to Lake Grassy; Two separate units: (2BR/1BA + sun room) and (1BR/1BA + sun room); Remodeled with **new shaker kitchens, quartz counters, and stainless steel appliances**
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