Furnished Waterfront Residence in Gated
806 Chelsee Way Lake Placid, FL 33852
For Sale
$138,500
SINGLE_FAMILY - Lake Placid, FL
Property Size1,200 SF
Lot Size0.03 Acres
Price / SF$115.42
Days on Market171
Property Features for 806 Chelsee Way
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Zoning
- R3
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bathroom 1, Bedroom 2, Bathroom 2
- Parking features
- Assigned
- Pets allowed
- No
- Interior features
- Blinds, Cable TV Available, Cathedral Ceilings, Ceiling Fans
- Appliances
- Dishwasher, Disposal, Dryer, Microwave, Refrigerator(s), Stove(s) / Range(s) Oven(s), Washer
- Standard status
- Active
- APN
- C-21-37-30-010-0080-0060
- Size
- 1,200 SF
- Lot size
- 0.03 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LOT 806, A REPLAT OF A PORTION OF DEEANN LAKEFRONT ESTATES, PB 15, PG 110
- Tax Annual Amount
- 1842
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
- Cooling system
- Electric, Central Air
Building Details
- Year built
- 1994
- Floors in Building
- 2
- Flooring type
- Tile, Carpet
- Building materials
- Concrete Block
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency:
RE/MAX REALTY PLUS
(863) 385-0077
Listed By:
Jeanny Campbell · License #325143
(863) 385-3101
Added: Feb 3
Changed: Jul 23
Last Checked: Jul 24 at 4:06PM
MLS# 322179
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 furnished waterfront residence is located on the 2nd floor and features a high cathedral ceiling. The kitchen includes granite countertops, ample cabinetry, and a breakfast bar with an adjacent spacious dining area. A comfortable living room offers access to a sunroom with water views, and the home also includes an inside laundry area and a large utility closet for storage.
The property is in the gated DeeAnn Lakefront Estates community, which offers amenities including an electric heated salt pool, shuffleboard courts, and a clubhouse with a full kitchen and game room. Boat owners can use the community dock, with availability subject to conditions.
HOA fees cover water, sewer, garbage, maintenance of the subdivision, and use of amenities. Rentals are allowed with a minimum 60-day lease, and no pets are permitted.
The property is in the gated DeeAnn Lakefront Estates community, which offers amenities including an electric heated salt pool, shuffleboard courts, and a clubhouse with a full kitchen and game room. Boat owners can use the community dock, with availability subject to conditions.
HOA fees cover water, sewer, garbage, maintenance of the subdivision, and use of amenities. Rentals are allowed with a minimum 60-day lease, and no pets are permitted.
Key Highlights
- 2nd‑floor condo in gated DeeAnn Lakefront Estates built in 1994
- Furnished interior with cathedral ceilings, ceiling fans, tile and carpet flooring, and blinds
- Kitchen features granite countertops, dishwasher, disposal, microwave, refrigerator, and stove/range/oven
Financial Insights For Apartment 5plus
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 | $19.4k | $16.20 |
| − Vacancy | −$1.1k | −$0.94 |
| EGI | $18.3k | $15.26 |
| − OpEx | −$8.2k | −$6.87 |
| NOI | $10.1k | $8.39 |
1,200 SF · lease $16.20/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$143.9K
$125.9K – $167.9K
NOI $10,072 @ 7.0% cap · market cap 7.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$249.7K
$218.5K – $291.3K
NOI $17,476 @ 7.0% cap · market cap 12.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
FAQs
What type of property is this?
Single family property - Furnished 2nd-floor waterfront home with cathedral ceilings, granite kitchen counters, and access to a community dock and amenities.
Where is this single family property located?
The property is located at 806 Chelsee Way Lake Placid, FL.
What is the asking price?
The asking price for this property is $138,500.
What are key features of this property?
This property features: 2nd‑floor condo in gated DeeAnn Lakefront Estates built in 1994; Furnished interior with cathedral ceilings, ceiling fans, tile and carpet flooring, and blinds; Kitchen features granite countertops, dishwasher, disposal, microwave, refrigerator, and stove/range/oven
