119 Sunset Terrace, Lake Placid, FL 33852
Local realty services provided by:CENTURY 21 Advanced All Service Realty, Inc.
Listed by: derrin davis
Office: keller williams realty fort myers and the islands
MLS#:327002
Source:FL_HAR
Price summary
- Price:$1,247,000
- Price per sq. ft.:$281.11
About this home
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 double 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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Home facts
- Year built:2004
- Listing ID #:327002
- Added:80 day(s) ago
- Updated:November 03, 2026 at 06:45 PM
Rooms and interior
- Bedrooms:7
- Total bathrooms:4
- Full bathrooms:4
- Flooring:Plank, Tile, Vinyl
- Living area:4,436 sq. ft.
Heating and cooling
- Cooling:Electric
- Heating:Central, Electric
- Central air:Yes
Structure and exterior
- Roof:Metal
- Year built:2004
- Building area:4,436 sq. ft.
- Lot area:1.16 Acres
- Construction Materials:Block, Concrete
- Exterior Features:Screened patio/porch
Utilities
- Water:Public
Finances and disclosures
- Price:$1,247,000
- Price per sq. ft.:$281.11
- Tax amount:$7,707 (2025)
Parking
- Garage:Yes
- Garage spaces:2
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