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517 Us 27 Highway N, Lake Placid, FL 33852

Lake Placid
Local realty services provided by:CENTURY 21 Myers Realty
517 Us 27 Highway N,Lake Placid, FL 33852
$2,500,000
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  • 29 Beds
  • 25 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: drew bishop
Office: keller williams realty fort myers and the islands
MLS#:324399
Source:FL_HAR

Price summary

  • Price:$2,500,000

About this home

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!

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Home facts

  • Year built:1960
  • Listing ID #:324399
  • Added:162 day(s) ago
  • Updated:October 16, 2026 at 03:34 PM

Rooms and interior

  • Bedrooms:29
  • Total bathrooms:25
  • Full bathrooms:25
  • Flooring:Plank, Vinyl

Heating and cooling

  • Cooling:Electric
  • Heating:Central, Electric
  • Central air:Yes

Structure and exterior

  • Roof:Metal
  • Year built:1960
  • Lot area:1.85 Acres
  • Construction Materials:Block, Concrete

Utilities

  • Water:Public

Finances and disclosures

  • Price:$2,500,000
  • Tax amount:$17,975 (2025)

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