When was property at 705 U.S. 27 built and last sold?

The property at 705 U.S. 27 was built in 1960 and last sold on Feb 8, 2021 for $480,000.

How much is this home worth?

The estimated value of the home located at 705 U.S. 27 is $5,049,899.

What are some comparable homes to 705 U.S. 27?

There are currently no comparable homes to 705 U.S. 27.

Lake Placid

33852

705 US 27

Map

$4,999,900

↑ $1M (25%)

● Land - For Sale

705 US 27

Lake Placid, FL 33852

Studio

0 Bath

$24,557

Est. Monthly

About This Property

16.59 Acres with 613 feet of US 27 Frontage. Property has access to Central City water and sewer. Location is perfect as it's withing minutes of all the Town of Lake Placid. Zoned C1/R2 for commercial or residential development front half is zoned with US 27 frontage & Medium turn for easy franchise developments with real half (8+- acres) zoned multi-family for townhomes viewing down on the beautiful Lake Clay.

Unit Size

Days on Market

810 days

Land Size

16.59 acres

Price per sqft

Property Type

Land

Property Taxes

HOA Dues

Year Built

1960

Listed By

Greg Karlson

[email protected]

ADVANTAGE REALTY 1

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Last updated: 9 days ago (Beaches MLS #F10451302)

Price History

Date / Event	Date	Event
Jun 11, 2026	Price Increased	$4,999,900 ↑ $1M (25%)
Price Increased
Sep 10, 2024	Listed by ADVANTAGE REALTY 1	$3,999,900
Listed by ADVANTAGE REALTY 1

	16.59 Acres with 613 feet of US 27 Frontage. Property has access to Central City water and sewer. Location is perfect as it's withing minutes of all the Town of Lake Placid. Zoned C1/R2 for commercial or residential development front half is zoned with US 27 frontage & Medium turn for easy franchise developments with real half (8+- acres) zoned multi-family for townhomes viewing down on the beautiful Lake Clay.
Jul 16, 2024	Listed by Advantage Realty 1	$3,999,900
Listed by Advantage Realty 1
Nov 21, 2023	No longer available	-
No longer available
Jul 18, 2023	Listed by Advantage Realty	$3,200,000
Listed by Advantage Realty

	16.59 Acres with 613 feet of US 27 Frontage. Property has access to Central-City water & Sewer. Location is perfect as it's within minutes of all the Town of Lake Placid! Zoned C1/R2 for commercial or residential development front half is zoned commercial with US 27 frontage & medium turn for easy franchise developments with the rear half(8+-acres) zoned multi-family for townhomes viewing down on the beautiful Lake Clay all only minutes to the resort style community lifestyle of Lake Placid, FL. Reader's Digest's "America's Most Interesting Town"! Home to New Franchises: WaWa, Publix, Burger King, Tractor Supply, Taco Bell & more to come!
Jun 18, 2022	No longer available	-
No longer available
Apr 23, 2022	No longer available	-
No longer available
Mar 15, 2022	Relisted	$725,000
Relisted
Nov 30, 2021	Listed by ADVANTAGE REALTY 1	$725,000
Listed by ADVANTAGE REALTY 1

	8+-Acres Multifamily Lake Clay View Development Site 46+-Units! Zoned R2 with conforming land use, water & sewer to site. Beautiful high sloping elevations over Lake Clay make this a valuable apartment or condo site in this very popular resort community of Lake Placid, FL.! Don't miss out on these rapidly appreciating sites. Only 1.5 to 2 hours from either coast or major airports.
Oct 6, 2021	No longer available	-
No longer available
Aug 29, 2021	No longer available	-
No longer available
Jun 26, 2021	Price Increased	$1,600,000 ↑ $301K (23.2%)
Price Increased
Jun 16, 2021	Listed by ADVANTAGE REALTY 1	$1,299,000
Listed by ADVANTAGE REALTY 1

	8+-Acres Prime Commercial Lake Placid, FL.! 8+-Acre Commercial Site Zoned C1;Multi-Use: Retail, Medical, ALF or Auto Dealer/RV Dealer, etc. , 600+Ft on US 27 with Full Median Turn & Deceleration Lane with Water & Sewer. Surrounded by other successful Franchise Users: Holiday Inn Express & Raceway C-Store to North & Publix & WaWa to south. Don't miss out on this rare Opportunity at an Exceptional Value!
Feb 9, 2021	Sold	Premium
Sold
Feb 3, 2021	In contract	-
In contract
Aug 18, 2020	No longer available	-
No longer available
May 27, 2020	Price Increased	$523,900 ↑ $400K (322.8%)
Price Increased
May 27, 2020	Price Decreased	$123,900 ↓ $276K (69%)
Price Decreased
May 27, 2020	Price Decreased	$400,000 ↓ $75K (15.8%)
Price Decreased
Oct 24, 2019	Price Decreased	$475,000 ↓ $160K (25.2%)
Price Decreased
Oct 24, 2019	Price Increased	$635,000 ↑ $140K (28.3%)
Price Increased
May 10, 2019	Price Decreased	$495,000 ↓ $160K (24.4%)
Price Decreased
May 10, 2019	Price Decreased	$655,000 ↓ $5K (0.8%)
Price Decreased
Mar 14, 2019	No longer available	-
No longer available
Mar 13, 2019	Listed	$660,000
Listed

	16.59 Acres with 613 feet of US 27 Frontage. Property has access to Central-City water & Sewer. Location is perfect as it's within minutes of all the Town of Lake Placid.
Mar 10, 2019	Price Decreased	$550,000 ↓ $25K (4.4%)
Price Decreased
Dec 1, 2018	Price Increased	$575,000 ↑ $365K (173.8%)
Price Increased
Jan 26, 2018	Listed	$210,000
Listed

	Priced WAY BELOW recent appraised value!!! 8 acres of commercial property in town limits of Lake Placid on busy US 27! Great location! This property can also be sold with 8 acres of medium density residential property directly behind the commercial. Currently planted with pine trees for ag exemption. Great views of Lake Clay from this property. Property can be split. Trustee is a licensed Florida Real Estate Broker
Dec 1, 2004	Sold	Premium
Sold

Property Highlights

Exterior Details

Property Condition: To Be Built

Lot Features: Corner Lot, City Lot

Lot Size Area: 722660

Lot Size Units: Square Feet

Lot Size Acres: 16.59

Lot Size Square Feet: 722660

Lot Size Dimensions: 16

Water Source: Other

Financial Details

Tax Assessed Value: $114,471

Tax Annual Amount: $69

Building Info

Overview

General

Year Built: 1960

Total Rooms: 3
Bedroom Count: 0
Building Condition: 0
Building Quality: 0
Construction Type: 0
Building Style: 0
Exterior Walls Type: 0
Interior Walls Type: 0
Roof Shape Type: 0
Roof Cover Type: 15
Floor Cover: 0
Basement Type: 0
Basement Area: 0
Garage Type: 0
Parking Space Count: 0
Patio Type: 0
Porch Type: 0
Pool Type: 0

Dimensions

Lot Size Square Feet: 722,831

Total Building Area: 1,012
Building Area: 1,012

Heating and Cooling

Air Conditioning: 1

Heating: 4
Heating Fuel Type: 0

Utilities

Sewer System: 0

Water Service: 0

Building

Building Type: 0

Property Class: A
Land Acres: 0000016594
Standard Land Use Code: 7009
County Land Use Code: 58
Legal Description 1: AN IRREG 16.59 ACRE TR IN FRAC N 1/2 OF NE 1/4 OF SEC 31 N OF ALDERMAN ROAD 31-36-30/21 16.59 ACRES -LAKE CLAY-

Neighborhood

School District Name: Highlands County School District

Census Tract: 961500

Zoning

Zoning: C1

Geography

Parcel: P-31-36-30-A00-0210-0000

Meridian: SEC 31 TWN 36S RNG 30E
Municipality: LAKE PLACID CITY LIMITS
Latitude: 27.3082
Longitude: -81.3566

Address

Full Address: 705 Us 27 N

Address - House Number: 705
Street Segment Direction: N
Address - Street Name: Us 27
State: FL
City Name: Lake Placid
Carrier Code: R015
4-Digit Zip Code: 7940
Zip Code: 33852

Valuation

Tax

Tax Year: 2022

Tax Amount: $7,626
Tax Rate Code Area: 50

Market Valuation

Market Total Value: $10,302

Market Land Value: $10,302

Assessments Valuation

Assessed Year: 2022

Assessed Total Value: $4,479

Sales

Current Sale Contract Date: Feb 08, 2021

Current Sale Recording Date: Feb 09, 2021
Current Sale Price:

Premium
Current Sale Document Type: 71
Current Sale Input Document Number: 2018481
Previous Sale Recording Date: Dec 01, 2004
Previous Sale Contract Date: Nov 15, 2004
Previous Sale Amount: $550,000
Previous Sale Document Type: 27

Previous Mortgages

Previous Mortgage Lender:

Premium

Previous Mortgage Transaction Date:

Premium
Previous Mortgage Financing Type:

Premium
Previous Mortgage Loan Amount:

Premium
Previous Mortgage Term:

Premium
Previous Mortgage Loan Type:

Premium
Previous Mortgage Loan Due Date:

Premium

Data used for valuation calculations is provided by RealtyHop, and other third party sources

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Comparables

About Lake Placid

Stats & Trends

Median Asking:

$599,900

Sale Price/ft²

$189

Above Asking

0.00%

Average Days on Market

Average Home Size

2245 ft²

Average Home Age

29.2 years

Currently For Sale

5 Listings

Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

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3 Baths
2,080 ft²

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Unit for rent at 704 S Main Avenue, Lake Placid, FL, 33852

$1,000 /mo

2 Beds
1 Bath
1,000 ft²

704 S Main Avenue #714, Lake Placid, FL, 33852 Listing by Kimberly Donato

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Listed by: Gregory S Karlson
Advantage Realty 1
Last Updated: 9 days ago
Data Source: Beaches MLS, MLS# F10451302

All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The listing broker's offer of compensation is made to participants of BeachesMLS, where the listing is filed, as well as participants of MLSs participating in MLSAdvantage or a data share with BeachesMLS.