Canal-Front Duplex
New
For Sale
$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 Market1
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
Bathroom 1, Bedroom 2, 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
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
Electric, Central Air
Water source
Private
Water front
1
Building Details
Year built
1985
Floors in Building
1
Flooring type
Carpet, Tile
Building materials
Concrete Block
Roof type
Shingle
Architectural style
Other
Listing Agency:
Paradise Real Estate International LLC
(863) 272-7540
Listed By:
Dawn Dell · License #3041814
(863) 381-0400
Added: Sep 5
Last Checked: Sep 5 at 6:06PM
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.
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 = 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
$8,264
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
5.01%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
28
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 - 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
