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1001 Lakeview Drive, Sebring, FL 33870

Sebring
Local realty services provided by:CENTURY 21 Myers Realty
1001 Lakeview Drive,Sebring, FL 33870
$4,500,000
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  • 42 Beds
  • 42 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: gregory karlson, stephen edward smith
Office: advantage realty #1
MLS#:327097
Source:FL_HAR

Price summary

  • Price:$4,500,000

About this home

RARE SEBRING INVESTMENT/REDEVELOPMENT OPPORTUNITY! Former Sunset Beach Motel at US 27 & Lakeview Dr offers 42 units on 3± acres at a highly visible hard corner with 297± FT of frontage on beautiful Lake Jackson. Surrounded by major retailers/services including Publix, Bealls Outlet, Popeyes, Verizon & CVS. Existing improvements & infrastructure provide tremendous value as construction, utility & development costs continue to rise. Renovate/stabilize the 42 units for income while positioning this prime site for future redevelopment. Owner pro forma based on $800/unit/mo, 10% vacancy & 35% expenses projects $235,872 NOI. One building has a newer metal roof; additional updating needed. Exceptional potential for upscale hotel/resort, timeshare, lakefront restaurant, retail or mixed commercial redevelopment, subject to approvals. Sebring continues expanding with new residential, industrial & national brands including BJ’s Wholesale, First Watch, Wawa & Culver’s, driving demand for lodging,...

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Home facts

  • Year built:1972
  • Listing ID #:327097
  • Added:7 day(s) ago
  • Updated:August 16, 2026 at 04:54 AM

Rooms and interior

  • Bedrooms:42
  • Total bathrooms:42
  • Full bathrooms:42
  • Flooring:Carpet

Structure and exterior

  • Roof:Metal
  • Year built:1972
  • Lot area:2.95 Acres
  • Construction Materials:Brick

Utilities

  • Water:Public

Finances and disclosures

  • Price:$4,500,000
  • Tax amount:$20,635 (2025)

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