119 Sunset Terrace, Lake Placid, Florida image 1
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119 Sunset Terrace

Lake Placid, FL 33852
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$1,247,000 $5,257/Mo
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Bed 7

Bed

Bath 4

Bath

SqFt4,022

Sqft

Acres1.16

Acres(Lot)

Luxury Lakefront Living with Proven Vacation Rental Income! Experience the ultimate vacation lifestyle year-round with this exceptional lakefront retreat on the sandy-bottom shores of Lake Placid. Situated on just over one acre, this fully furnished, turnkey property offers the perfect opportunity as a luxury vacation rental, second home, or full-time residence. With a proven rental history of over $100,000 annually for the past four + years, this property is as impressive as an investment as it is a personal getaway. This spacious three-story home features 6 bedrooms, 4 bathrooms, and is thoughtfully designed to maximize breathtaking lake views from nearly every room. The gourmet kitchen is equipped with granite countertops, abundant cabinetry, upgraded appliances, a gas cooktop, and do uble wall ovens. The inviting living room features a fireplace and opens to a massive screened lanai complete with an outdoor kitchen—perfect for entertaining while overlooking the lake and the updated composite dock. The main level offers two bedrooms and two full bathrooms, while the second floor features four additional bedrooms and two bathrooms. The spacious primary suite boasts a private screened balcony with a spa, providing the perfect place to unwind while enjoying panoramic lake views. The third floor includes a 12' x 63' loft currently used as a game room and additional sleeping space, offering endless flexibility for guests or recreation. Outside, the expansive front yard provides plenty of room for boats, trailers, RVs, and all your lake toys, with ample space to add a detached garage or workshop. Whether you're looking for a high-performing investment property or your own private lakefront paradise, this one-of-a-kind home offers an incredible combination of luxury, space, and income potential. Properties with this level of rental performance, acreage, and waterfront living are a rare find. Schedule your private showing today and discover everything this remarkable Lake Placid retreat has to offer.

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Detail Ic Property Details

Property Type : Residential

Price : $1,247,000

AD Id : 89554966

MLS Id : 327002

Beds : 7

Lot Size : 1.16 Acres

Living Area Size : 4,022

Year Built : 2004

Garage : 2

County : Highlands

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Feature Features

  • Bedroom Information

    Total beds: 7

    Bathroom Information

    Total Baths: 4 Full Baths: 4

    Room Information

    Rooms Total: 9

    Roofing Information

    Metal

    Flooring Information

    Plank, Tile, Vinyl

  • Interior Features

    Roof: Metal

  • Heating & Cooling

    Has Heating: Yes Heating: Central, Electric Has Cooling: Yes Cooling: CentralAir, Electric

  • Building Information

    Year Built: 2004
    Building Area Total: 4436
    Construction Materials: Block, Concrete
    Stories: 2
    Frontage Length: 101
    Patio And Porch Features: RearPorch, Screened
    Pool Features: None
    Private Pool: No
    View: Lake

  • Exterior Features

    Exterior Features: Dock

  • Lot Information

    Main Square Feet: 1.16 Lot Size Acres: 1.16

  • Listing Price Information

    Listing Price: $1247000
    Cash, Conventional

  • Tax Information

    Parcel Number: C-08-37-30-020-0010-0050 Tax Year: 2025 Annual Tax: $7706.69 Tax Legal Desc: HARRIS LAKE PLACID CAMP SITE REPLAT PB 4-PG 35 LOT 5 BLK 1 + CONTIG VACATED ST + SLY 124 FT M/L OF THAT PORT TR A LYING N OF ELY EXT OF S LINE OF LOT 5 BLK 1

  • Location Information

    Direction: US Hwy 27S and W Interlake Blvd Right onto Harris Dr then Left onto Sunset Terrance then Right into dirt driveway. WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
228 Melody Ct, Lake Placid, FL, 33852 $17,000 -- -- --
108 Briarhill Dr, Lake Placid, FL, 33852 $13,000 -- -- --
374 Parker St Ne, Lake Placid, FL, 33852 $699,900 4 3 3,138 3,138 SqFt
137 Mccoy Drive, Lake Placid, FL, 33852 $530,000 4 2 1,804 1,804 SqFt
921 Primrose Street, Lake Placid, FL, 33852 $14,950 -- -- --
3044 Abell Road, Lake Placid, FL, 33852 $425,000 2 2 1,288 1,288 SqFt
110 Danby Drive, Lake Placid, FL, 33852 $25,500 -- -- --
247 Lakeland Drive, Lake Placid, FL, 33852 $12,500 -- -- --
445 Apple Blossom Court, Lake Placid, FL, 33852 $239,900 3 2 1,031 1,031 SqFt
443 Apple Blossom Court, Lake Placid, FL, 33852 $299,900 3 2 1,031 1,031 SqFt

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The data relating to real estate on this website comes in part from the Internet Data Exchange (IDX) Program of the Heartland Association of REALTORS®. IDX information is provided exclusively for consumers' personal non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. © 2026 Heartland Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 08/16/2026 @ 12:40

MLS: 327002 LISTED BY: Derrin Davis, Keller Williams Realty Fort Myers and the Islands 239-236-4350 SOURCE: HLAND

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