Fully Furnished Waterfront
808 Chelsee Way Lake Placid, FL 33852
For Sale
$159,900
SINGLE_FAMILY - Lake Placid, FL
Property Size1,112 SF
Price / SF$143.79
Days on Market54
Property Features for 808 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
- Appliances
- Dryer, Refrigerator(s), Washer
- Standard status
- Active
- APN
- C-21-37-30-010-0080-0080
- Size
- 1,112 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- DEEANN LAKEFRONT ESTATES PB 15 PG 110 UNIT 8 BLDG 8 AKA LOT 808 + INT IN COMMON ELEMENTS
- Tax Annual Amount
- 575
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, Laminate, Carpet
- Building materials
- Concrete Block
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency:
RE/MAX REALTY PLUS
(863) 385-0077
Listed By:
Tammy Vickers
(863) 633-9900
Added: Jun 1
Changed: Jul 23
Last Checked: Jul 24 at 3:06PM
MLS# 325707
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.
Enjoy waterfront living in this beautifully maintained upper-floor unit in the gated community of DeAnn Lakefront Estates, located on a scenic canal leading directly to Lake Grassy. The condo is fully furnished and offers two bedrooms and two bathrooms, plus a bonus room off the living area that can serve as a flexible additional space.
The deed-restricted community provides a range of amenities, including a community center, heated pool, shuffleboard courts, boat ramp, and a community workshop with tools and ladders for use. Lake Grassy is a 514-acre freshwater lake suited for boating, fishing, water sports, and relaxing cruises.
Zoning is listed as R3. The property is located at 808 Chelsee Way in Lake Placid, Florida, with a low semi-annual HOA fee noted in the remarks.
The deed-restricted community provides a range of amenities, including a community center, heated pool, shuffleboard courts, boat ramp, and a community workshop with tools and ladders for use. Lake Grassy is a 514-acre freshwater lake suited for boating, fishing, water sports, and relaxing cruises.
Zoning is listed as R3. The property is located at 808 Chelsee Way in Lake Placid, Florida, with a low semi-annual HOA fee noted in the remarks.
Key Highlights
- Upper‑floor, fully furnished 2‑bedroom, 2‑bath condo with a bonus room off the living area
- Gated community on a scenic canal leading directly to Lake Grassy (514‑acre freshwater lake)
- DeAnn Lakefront Estates community amenities include a community center, heated pool, shuffleboard courts, and a boat ramp
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 | $18.0k | $16.20 |
| − Vacancy | −$1.0k | −$0.94 |
| EGI | $17.0k | $15.26 |
| − OpEx | −$7.6k | −$6.87 |
| NOI | $9.3k | $8.39 |
1,112 SF · lease $16.20/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$133.3K
$116.7K – $155.6K
NOI $9,333 @ 7.0% cap · market cap 5.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$231.3K
$202.4K – $269.9K
NOI $16,194 @ 7.0% cap · market cap 10.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Residential income properties
FAQs
What type of property is this?
Residential income property - Upper-floor, fully furnished 2-bedroom, 2-bath condo with a bonus room in a gated lakeside community.
Where is this residential income property located?
The property is located at 808 Chelsee Way Lake Placid, FL.
What is the asking price?
The asking price for this property is $159,900.
What are key features of this property?
This property features: Upper‑floor, fully furnished 2‑bedroom, 2‑bath condo with a bonus room off the living area; Gated community on a scenic canal leading directly to Lake Grassy (514‑acre freshwater lake); DeAnn Lakefront Estates community amenities include a community center, heated pool, shuffleboard courts, and a boat ramp
