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    Golf Course with Leased Restaurant Title is generated by Realmo AI

    3603 Placid Lakes Boulevard, Lake Placid, FL 33852

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    Former 18-hole course includes golf shop and maintenance facilities, plus a leased restaurant with liquor license.

    Type:Land
    Property size:
    3,000 SF
    Lot size:
    139.00 Acres
    Price / SF:
    $616/SF
    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

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    Listing Contact
    Greg Karlson

    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

    This offering features a former 18-hole golf course with associated improvements, including a restaurant, golf shop, and maintenance facility, all located on approximately 139+ acres. The restaurant is leased and includes a liquor license. The property is offered with allocations of value provided in the remarks, covering the restaurant, golf course acreage, and an allocation related to contemplated residential development of portions of the property.

    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.
    Location Intelligence

    Current Use by Public Records

    Golf courses & driving ...

    Suggested Use

    Real Estate Agency Restaurant Building Supply Pharmacy Big Box & Wholesale Store Department Store Discount Store Cafe & Coffee Shop Grocery & Convenience Store Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake Placid
    County
    Highlands
    State
    Florida
    Longitude
    -81.3996404
    Latitude
    27.2603991

    FAQs

    What type of property is this?
    Golf course & driving range - Former 18-hole course includes golf shop and maintenance facilities, plus a leased restaurant with liquor license.
    Where is this golf course & driving range located?
    The property is located at 3603 Placid Lakes Boulevard Lake Placid, FL.
    What is the asking price?
    The asking price for this property is $1,850,000.
    What are key features of this property?
    This property features: 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)
    More about this property
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