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29 Beds
25 Baths

$2,500,000

517 Us 27 Highway N, Lake Placid FL, 33852

Price per sqftN/A
Built in1960
Property typeCondominium

Overview

Active

Listed May 6, 2026

Updated Jul 22

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!

$16,633/mo

Est. mortgage payment based on a $2,500,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
324399

Interior Features

Bedrooms
29
Bathrooms
25
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
1.85 Acres

Other Property Details

Taxes
$17,975
Tax Frequency
Annually