Furnished Waterfront Income
For Sale
$138,500
806 Chelsee Way, Lake Placid, FL 33852
Residential, Two Story, Lake Placid, FL
Property Size1,200 SF
Lot Size0.03 Acres
Price / SF$115.42
Days on Market262
Property Features for 806 Chelsee Way
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R3
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 1, Bathroom 1, 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
View
Lake
Directions
From US 27 and E Interlake Blvd, head south on US 27, left on Stephen Dr, right on Chelsee Way and unit will be on your left on the 2nd floor.
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
HOA Fee
$2,156 Semi-Annually
Legal Description
LOT 806, A REPLAT OF A PORTION OF DEEANN LAKEFRONT ESTATES, PB 15, PG 110
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Amenities
electric heated salt pool
shuffleboard courts
clubhouse with full kitchen and game room
community dock
Building Details
Year built
1994
Floors in Building
2
Flooring type
Carpet, Tile
Building materials
Concrete Block
Roof type
Shingle
Architectural style
Other
Listing Agency:
RE/MAX REALTY PLUS · RE/MAX International
(863) 385-0077
Listed By:
Jeanny Campbell
(863) 385-3101
Added: Feb 3
Changed: Oct 16
Last Checked: Oct 23 at 6:06PM
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.
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Investment Insights
Based on property information with market context.
This furnished residential income property occupies the second floor and provides 1,200 square feet of living area within a 0.03-acre parcel. The interior includes a living room, dining area, kitchen with granite countertops, breakfast bar and extensive cabinetry, sunroom, two bedrooms, two bathrooms, laundry area and utility storage. Cathedral ceilings, tile and carpet flooring, central electric heating and cooling, and concrete block construction add to the existing improvements. The primary suite includes canal views and an ensuite bathroom with separate vanity, water closet and walk-in tile shower.
The property is located at 806 Chelsee Way in Lake Placid, within gated DeeAnn Lakefront Estates. Community features include an electric heated salt pool, shuffleboard courts, clubhouse, game room and a community boat dock, subject to availability. Public sewer serves the property. Rentals are permitted with a minimum 60-day lease, and pets are not allowed. The residence was built in 1994 and is zoned R3.
The property is located at 806 Chelsee Way in Lake Placid, within gated DeeAnn Lakefront Estates. Community features include an electric heated salt pool, shuffleboard courts, clubhouse, game room and a community boat dock, subject to availability. Public sewer serves the property. Rentals are permitted with a minimum 60-day lease, and pets are not allowed. The residence was built in 1994 and is zoned R3.
Key Highlights
- Furnished 1,200 SF second‑floor residence
- Waterfront setting with canal views from the living area and primary suite
- Two bedrooms and two bathrooms with sunroom, laundry area, and utility storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,072
Cap Rate
7.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$201,440
$201.4K
Cap Rate 7%
$143,886
$143.9K
Cap Rate 9%
$111,911
$111.9K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$19.4K $16.20/SF
− Vacancy
−$1.1K −$0.94/SF
EGI
$18.3K $15.26/SF
− OpEx
−$8.2K −$6.87/SF
NOI
$10.1K $8.39/SF
Area
Highlands County, FL
Vacancy
5.80%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$201,440
Cap Rate 7%
$143,886
Cap Rate 9%
$111,911
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 authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
34
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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Frequently Asked Questions
What type of property is this?
Residential income property - Furnished second-floor residence with canal views, flexible rental terms, and access to a gated community amenity package.
Where is this residential income 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: Furnished 1,200 SF second‑floor residence; Waterfront setting with canal views from the living area and primary suite; Two bedrooms and two bathrooms with sunroom, laundry area, and utility storage
