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Highlands 33852
88 Mandolin Drive
$235,000
● House - Off Market

88 Mandolin Drive

Lake Placid, FL 33852
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,822 Ft²
$495,507
RealtyHop Estimate
98.60%
Since Jun 1, 2013
National-US
Primary Model

About This Property

Lake Placid, Florida, Completely Remodeled, Direct lakefront home, with new kitchen, bathrooms, pavers, dock and boathouse.  Enjoy sunsets on the lake! Due to a technical problem with eBay, many bidders were unable to bid on the property, therefore, the a uction was not completed.  To be fair to all bidders that were unable to participate, we will be accepting offers until Wednesday, April 3, 2013 at 8PM EST.
Unit Size
2,822 Ft²
Days on Market
172 days
Land Size
0.23 acres
Price per sqft
$88
Property Type
House
Property Taxes
$354
HOA Dues
-
Year Built
1981

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 7 months ago (Beaches MLS #F1214692)

Price History

Date / Event Date Event Price
Aug 27, 2019 Sold
Premium
Sold
May 17, 2013 Sold
Premium
Sold
Nov 26, 2012 Listed by The Blue Group Inc $249,500
Listed by The Blue Group Inc
Sep 21, 2012 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1981
  • Effective Year Built: 1997
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 0
  • Building Quality: 4
  • Construction Type: 14
  • Building Style: 0
  • Exterior Walls Type: 18
  • Interior Walls Type: 18
  • Roof Shape Type: 7
  • Roof Cover Type: 14
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 575
  • Parking Space Count: 2
  • Patio Type: 79
  • Porch Type: 35
  • Pool Type: 0
  • Location Influence Type: 167

    Dimensions

  • Lot Size Square Feet: 11,669
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 800
  • Total Building Area: 3,086
  • Gross Building Area: 3,086
  • Building Area: 2,511
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,511
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SUN N LAKES EST
  • Land Acres: 0000000268
  • Standard Land Use Code: 1001
  • County Land Use Code: 01
  • Legal Description 1: SUN N LAKES EST SEC 20 PB 8-PG 89 LOT 39 BLK 258

Neighborhood

  • School District Name: Highlands County School District
  • Census Tract: 961701

Zoning

  • Zoning: R1

Geography

  • Parcel: C-22-37-30-200-2580-0390
  • Block: 258
  • Lot: 39
  • Meridian: SEC 22 TWN 37S RNG 30E
  • Municipality: COUNTY SOUTHWEST WATER
  • Latitude: 27.2579
  • Longitude: -81.3302

    Address

  • Full Address: 88 Mandolin Dr
  • Address - House Number: 88
  • Address - Street Name: Mandolin
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Lake Placid
  • Carrier Code: R007
  • 4-Digit Zip Code: 8726
  • Zip Code: 33852

Valuation

    Tax

  • Total Area: 2,683
  • Tax Year: 2022
  • Tax Amount: $518,399
  • Tax Rate Code Area: 40

    Appraisal Valuation

  • Standard Deviation: 0.2369
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 66
  • Final Value: 474,660
  • High Value: 587,111
  • Low Value: 362,209

    Market Valuation

  • Market Total Value: $367,664
  • Market Land Value: $52,000
  • Market Improvement Value: $315,664

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $367,664
  • Assessed Land Value: $52,000
  • Assessed Improvements Value: $315,664

    Sales

  • Current Sale Contract Date: Aug 23, 2019
  • Current Sale Recording Date: Aug 27, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1953643
  • Previous Sale Recording Date: Sep 21, 2012
  • Previous Sale Contract Date: Sep 17, 2012
  • Previous Sale Amount: $164,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Highlands

Stats & Trends

Median Asking:

$284,900

Sale Price/ft²

$184

Below Asking

0.04%

Average Days on Market

100

Average Home Size

1793 ft²

Average Home Age

25.2 years

Currently For Sale

368 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

Nearby Rentals

Unit for rent at 506 Chelsee Way, Lake Placid, FL, 33852

$1,650 /mo

  • 2 Beds
  • 2 Baths
  • 1,016 ft²
506 Chelsee Way, Lake Placid, FL, 33852 Listing by Roxanna LaPaugh

Rentals Near You

Click here to view more rentals in the neighborhood.
BEACHES

Listed by: Steven Beaulieu
The Blue Group Inc
Last Updated: 7 months ago
Data Source: Beaches MLS, MLS# F1214692
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.

Frequently Asked Questions

When was property at 88 Mandolin Drive built and last sold?
The property at 88 Mandolin Drive was built in 1981 and last sold on Aug 23, 2019 for $285,000.
How much is this home worth?
The estimated value of the home located at 88 Mandolin Drive is $0.
What are some comparable homes to 88 Mandolin Drive?
There are currently no comparable homes to 88 Mandolin Drive.
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