3603 Placid Lakes Boulevard, Lake Placid, FL 33852
Former 18-hole course includes golf shop and maintenance facilities, plus a leased restaurant with liquor license.
- Added:
- Apr 6, 2026
- Days on Market:
- 78
- Last Refresh:
- Jun 20 at 8:21 am
Property Features for 3603 Placid Lakes Boulevard
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Lot size
- 139.00 Acres
- Property subtype
- Land
Building Details
- Year Built
- 1967
Listing agent Greg Karlson
Listing office Advantage Realty #1
Listing date Apr 6, 2026
Source Crexi
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 Advantage Realty #1
HighLights
- Former 18‑hole golf course on 139+ acres, with golf shop and maintenance facilities
- Includes a leased restaurant with a liquor license on the restaurant site
- Past restaurant business income showed an 8% cap rate (2021) and 9% cap rate (2022)
- Reported pro forma allocations: restaurant $400,000; 9‑hole golf course $325,000; 67 acres tied to 201 homesites + 48 townhomes
- Reported pro forma includes 48 townhomes on 4 acres, plus 201 homesites at $4,117 per homesite/unit
Overview
The property is located at 3603 Placid Lakes Boulevard in Lake Placid, Florida. According to the provided materials, it has been the only golf course in Lake Placid. Access and visibility details beyond the site address are not provided in the information received. Sale is described as confidential, and the buyer must sign a confidentiality agreement before showings and receiving the detail package.
For operators, buyers, or developers evaluating golf and food-and-beverage uses, the current configuration provides on-site support facilities through the golf shop and maintenance building, along with an income-producing leased restaurant as described. For residential development considerations, the remarks reference a concept to develop roughly half of the course into homesites and townhomes, with the restaurant site associated with a portion of that concept. Buyers should rely on their own diligence and the confidentiality materials for additional specifics.
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lake Placid
- County
- Highlands
- State
- Florida
- Longitude
- -81.3996404
- Latitude
- 27.2603991