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Located along Highway 27, this 6.03-acre property has waterfrontage on Lake Grassy. It offers significant development potential with existing infrastructure in place for residential expansion. The property includes a 9-unit complex: five single-story units (2 beds, 2 baths, approximately 1,540 sq. ft. living space) and four two-story units (3 beds, 2.5 baths, about 1,534 sq. ft. living space). Completed in 2008, Phase 1 is finished. Phase 2 proposes constructing 42 additional 3-bedroom, 2.5-bath units, each about 1,565 sq. ft. of living space. The design and the size of units can be modified to meet your needs. All necessary infrastructure, including paved roads and utilities, is ready, making this a shovel-ready project. Proposed plans for the new units are included, along with a wastewater management permit valid through 2029. The site also provides space designated for a community pool. This property provides a fully prepared development site with existing income units, without zoning changes or significant infrastructure costs. Its highway frontage, water access, and ready-to-build status make it an attractive option for developers or investors seeking immediate development potential.
| DAYS ON MARKET | 140 | LAST UPDATED | 11/17/2025 |
|---|---|---|---|
| TRACT | AN IRREG 4.197 ACRE TRACT BEING 182 FT ALONG NELY | YEAR BUILT | 2008 |
| COMMUNITY | 33852 - Lake Placid | COUNTY | Highlands |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Microwave, Range, Refrigerator |
| AREA | 33852 - Lake Placid |
| CONSTRUCTION | Concrete |
| EXTERIOR | Balcony, Dock, Lighting, Rain Gutters |
| HEAT | Central |
| LOT | 6.03 acre(s) |
| LOT DESCRIPTION | Irregular Lot, Landscaped, Paved, Waterfront |
| PARKING | Driveway, Guest, Open |
| SEWER | Public Sewer |
| SUBDIVISION | AN IRREG 4.197 ACRE TRACT BEING 182 FT ALONG NELY |
| TAXES | 3373.81 |
| UTILITIES | Cable Available, Electricity Connected, Sewer Connected, Water Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | Canal, Lake, Water |
| WATER | Public |
| WATER ACCESS | LAKE GRASSY |
| WATERFRONT | Yes |
| WATERFRONT DESCRIPTION | Canal Front, Lake Privileges, Lake Front |
MORTGAGE CALCULATOR
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Listing provided by Lazaro Martinez, HAMMOCK REALTY LLC, 863-304-8795
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated 12/18/25 4:38 PM PST.
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