502 Reba Drive
Lake Placid, FL 33852
--
Bed
0
Bath
1.37Acres(Lot)
Rare Multi-Lot Development Opportunity – 501 & 503 Megan Ave, 505 Megan Ave, 502 & 504 Reba Ave, Lake Placid, FL Don't miss this exceptional investment opportunity featuring five adjoining parcels totaling 1.37 acres in the heart of Lake Placid! This prime property offers endless possibilities—redesign into townhomes (pending city approval) or build individual residences that sit high and dry, overlooking beautiful Lake Saddlebags. Located in a thriving area near downtown Lake Placid, these lots provide elevated views, convenient access to shopping, dining, and major roadways, all while offering a peaceful residential setting. Whether you're an investor, developer, or builder, this is a rare chance to create something truly special in one of Florida’s most charming communities. ??
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
-
Lot Information
Main Square Feet: 1.37 Lot Size Acres: 1.37 Lot Size Square Feet: 59,676 Lot Description: CityLot,Other,PublicRoad,RuralLot,SeeRemarks
-
Listing Price Information
Listing Price: $295000Cash, Conventional
-
Tax Information
Parcel Number: C-06-37-30-140-0010-0040 Tax Year: 2024 Annual Tax: $128.65 Tax Legal Desc: LAKE SADDLEBAGS SUB LOT 4 BLK 1
-
School Information
Elementary School: Lake Placid Elementary Junior High School: Lake Placid Middle Senior High School: Lake Placid High -
Utility Information
SeeRemarks -
Location Information
Direction: Directions to 505 Megan Ave, Lake Placid, FL from Downtown Lake Placid: Start at Interlake Boulevard in Downtown Lake Placid. Head west on Interlake Blvd toward US Highway 27 S (approx. 0.5 miles). Turn left onto US Highway 27 S and continue for 2.2 miles. Turn right onto Lake Francis Rd and drive 0.9 miles. Turn left onto Megan Ave and continue 0.2 miles. Arrive at 505 Megan Ave, which will be on your right. (there are 5 lots connected that are all one package)
How much is this property worth?
Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.
Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 107 Marshall Ave, Lake Placid, FL, 33852 | $449,000 | 3 | 2 | -- | |
| 126 NE Citrus Rd, Lake Placid, FL, 33852 | $339,000 | 2 | 2 | 1,414 | 1,414 SqFt |
| 11200 S Jefferson Ave, Lake Placid, FL, 33852 | $475,000 | 3 | 3 | 1,750 | 1,750 SqFt |
| 112 Bimini St Ne, Lake Placid, FL, 33852 | $287,999 | 3 | -- | 1,449 | 1,449 SqFt |
| 3057 Lake June Blvd.`, Lake Placid, FL, 33852 | $229,000 | 3 | 2 | -- | |
| 126/128 Tangerine Rd, Lake Placid, FL, 33852 | $299,000 | 3 | 2 | 1,776 | 1,776 SqFt |
| 358 Lime Rd Nw, Lake Placid, FL, 33852 | $274,500 | 3 | 2 | -- | |
| 3137 Carlton Avenue, Lake Placid, FL, 33852 | $180,000 | 2 | 2 | 1,100 | 1,100 SqFt |
| 196 Jamison Ave, Lake Placid, FL, 33852 | $340,000 | 4 | 3 | 1,745 | 1,745 SqFt |
| 921 Primrose Street, Lake Placid, FL, 33852 | $14,950 | -- | -- | -- |
Similar Homes To 502 Reba Drive
Nearby For Sale
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 06/10/2026 @ 00:26
More Cities with for Sale by Owner Homes
- Lake Placid Homes For Sale By Owner
- Green Acres Homes For Sale By Owner
- Lorida Homes For Sale By Owner
- Venus Homes For Sale By Owner
- Sebring Homes For Sale By Owner
- Avon Park Homes For Sale By Owner
- Arcadia Homes For Sale By Owner
- Zolfo Springs Homes For Sale By Owner
- Wauchula Homes For Sale By Owner
- Okeechobee Homes For Sale By Owner
- Frostproof Homes For Sale By Owner
- Moore Haven Homes For Sale By Owner
- Indian Lake Estates Homes For Sale By Owner
- Labelle Homes For Sale By Owner
- Bowling Green Homes For Sale By Owner
- Ona Homes For Sale By Owner
- Babson Park Homes For Sale By Owner
- Lakeshore Homes For Sale By Owner
- Fort Meade Homes For Sale By Owner
- River Ranch Homes For Sale By Owner
Homes around $295,000
Verify Your Email
Please enter the 6-digit verification code
sent to your email address.