517 Us 27 Highway
Lake Placid, FL 33852
29
Bed
25
Bath
1.85Acres(Lot)
Prime investment opportunity on highly visible Highway 27 in Lake Placid! This 29-room property is currently operating as H2A housing and offers strong income potential with the capacity to accommodate up to 130 occupants. The building features a durable metal roof and has been updated with new split-unit HVAC systems in every room, providing efficient and comfortable climate control throughout. With excellent highway frontage and easy access, this property is ideal for continued workforce housing, hospitality conversion, or other income-producing uses. Its large occupancy capacity and recent upgrades make it a turnkey opportunity for investors seeking immediate cash flow in a growing area. Don’t miss your chance to own a versatile, high-demand property in a prime location!
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 29Bathroom Information
Total Baths: 25 Full Baths: 25Roofing Information
MetalFlooring Information
Plank, Vinyl -
Interior Features
Roof: Metal -
Heating & Cooling
Has Heating: Yes Heating: Central, Electric Has Cooling: Yes Cooling: CentralAir, Electric
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Building Information
Year Built: 1960Construction Materials: Block, ConcreteStories: 1Frontage Length: 200Pool Features: NonePrivate Pool: No
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Lot Information
Main Square Feet: 1.85 Lot Size Acres: 1.85 Lot Size Square Feet: 80,493
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Listing Price Information
Listing Price: $2950000Cash
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Tax Information
Parcel Number: P-31-36-30-080-00F0-0000 Tax Year: 2025 Annual Tax: $17975.11 Tax Legal Desc: PLACID PLAZA PB 7-PG 23 TRACT F
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Location Information
Direction: From 209 N Ridgewood Dr, Sebring, FL 33870: Head east on E Center Ave toward N Pine St. Turn right onto US Hwy 27 S and continue approximately 16 miles into Lake Placid. Property at 517 US 27 S, Lake Placid, FL 33852 will be on the right. WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 115 Heinley Road, Lake Placid, FL, 33852 | $559,900 | 2 | 2 | 2,400 | 2,400 SqFt |
| 136 Lincoln Road, Lake Placid, FL, 33852 | $330,000 | 3 | 2 | 1,983 | 1,983 SqFt |
| 107 Marshall Ave, Lake Placid, FL, 33852 | $449,000 | 3 | 2 | -- | |
| 3051 Waterway Drive, Lake Placid, FL, 33852 | $395,000 | 2 | 2 | 1,501 | 1,501 SqFt |
| 3057 Lake June Blvd.`, Lake Placid, FL, 33852 | $229,000 | 3 | 2 | -- | |
| 126 NE Citrus Rd, Lake Placid, FL, 33852 | $339,000 | 2 | 2 | 1,414 | 1,414 SqFt |
| 196 Jamison Ave, Lake Placid, FL, 33852 | $340,000 | 4 | 3 | 1,745 | 1,745 SqFt |
| 9007 Placid Lakes Boule.., Lake Placid, FL, 33852 | $360,000 | 4 | 3 | 1,962 | 1,962 SqFt |
| 112 Bimini St Ne, Lake Placid, FL, 33852 | $287,999 | 3 | -- | 1,449 | 1,449 SqFt |
| 358 Lime Rd Nw, Lake Placid, FL, 33852 | $274,500 | 3 | 2 | -- |
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ByOwner last updated this listing 06/12/2026 @ 10:58
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