Canal-Front Duplex
For Sale
Under Contract
$165,000
129 Ida Avenue, Lake Placid, FL 33852
Residential, Single Story, Lake Placid, FL
Property Size915 SF
Lot Size0.12 Acres
Price / SF$180.33
Days on Market52
Property Features for 129 Ida Avenue
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R1
Bedrooms
2
Bathrooms
2
Full bathrooms
1
Half bathrooms
1
Rooms
Bedroom 2, Bathroom 1, Bedroom 1
Parking features
Carport
Interior features
BB / HS Internet Available, Blinds, Cable TV Available, Ceiling Fans
Exterior features
Bulkhead/Sea Wall, Dock
Appliances
Dishwasher, Dryer, Microwave, Refrigerator(s), Stove(s) / Range(s) Oven(s), Washer, Wtr Heater-Electric
Directions
Starting at Hwy 27 and E Interlake Blvd. Head South on Hwy 27, East/left on CR 29, right on S Sun N Lake Blvd, right on Ida Ave, home on right.
Standard status
Active Under Contract
APN
C-22-37-30-200-2610-0080
Size
915 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SUN N LAKES EST SEC 20 PB 8-PG 89 W 39.95 FT OF LOT 8 BLK 261
Tax Annual Amount
1761
Legal Description
SUN N LAKES EST SEC 20 PB 8-PG 89 W 39.95 FT OF LOT 8 BLK 261
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Water source
Private
Water front
1
Building Details
Year built
1985
Floors in Building
1
Flooring type
Tile, Carpet
Building materials
Concrete Block
Roof type
Shingle
Architectural style
Other
Listing Agency:
Paradise Real Estate International LLC
(863) 272-7540
Listed By:
Dawn Dell
(863) 381-0400
Added: Sep 5
Changed: Oct 23
Last Checked: Oct 26 at 4:06AM
MLS# 327760
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.
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Investment Insights
Based on property information with market context.
This single-story half duplex provides 915 square feet with two bedrooms and one-and-a-half bathrooms. The residence includes furnishings, a kitchen equipped with a dishwasher, microwave, refrigerator, range, washer, and dryer, plus central electric heating and cooling. Tile and carpet flooring, ceiling fans, blinds, and cable and internet availability are also provided. Built in 1985, the property has a shingle roof replaced in 2017 and a newer electric water heater.
The home sits on a 0.12-acre parcel along a canal connecting to Lake Grassy. Exterior improvements include a bulkhead or seawall, dock, carport, mature landscaping, and private water service. A Culligan water softener and well irrigation support the property. R1 zoning and the stated short-term rental opportunity add to its range of potential residential uses.
The home sits on a 0.12-acre parcel along a canal connecting to Lake Grassy. Exterior improvements include a bulkhead or seawall, dock, carport, mature landscaping, and private water service. A Culligan water softener and well irrigation support the property. R1 zoning and the stated short-term rental opportunity add to its range of potential residential uses.
Key Highlights
- Half duplex with 2 bedrooms and 1.5 bathrooms
- 915 square feet on a 0.12‑acre parcel
- Canal connection to Lake Grassy with dock and bulkhead/seawall
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,264
Cap Rate
5.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$165,280
$165.3K
Cap Rate 7%
$118,057
$118.1K
Cap Rate 9%
$91,822
$91.8K
Market Conditions
NOI Build-Up for 915 SF
Gross rent
$12.6K $13.80/SF
− Vacancy
−$821 −$0.90/SF
EGI
$11.8K $12.90/SF
− OpEx
−$3.5K −$3.87/SF
NOI
$8.3K $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 Rate 5%
$165,280
Cap Rate 7%
$118,057
Cap Rate 9%
$91,822
Alternative Uses
Best Use
Multifamily LT 5
$118.1K
$103.3K – $137.7K
NOI $8,264 @ 7.0% cap · market cap 5.01%
Second Best
Apartment 5plus
$109.7K
$96.0K – $128.0K
NOI $7,680 @ 7.0% cap · market cap 4.65%
Theoretical Best
Office A
$190.4K
$166.6K – $222.1K
NOI $13,325 @ 7.0% cap · market cap 8.08%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
28
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom half duplex with furnishings, dock, and direct canal connection to Lake Grassy.
Where is this duplex located?
The property is located at 129 Ida Avenue Lake Placid, FL.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Half duplex with 2 bedrooms and 1.5 bathrooms; 915 square feet on a 0.12‑acre parcel; Canal connection to Lake Grassy with dock and bulkhead/seawall
