Additional Details

• Important Details: --> 7-Day post occupancy with $5000 escrow holdback --> Flood Zone X (No flood insurance needed) --> 2023 Roof
• Features: Textbook opportunity in Lake Placid — This 3/2.5 home offering 2,475 SQFT, built in 2005, is located in Flood Zone X (no flood insurance required). A 2023 roof helps limit major upfront expenses, while the oversized attached two-car garage adds both convenience and storage. The property sits on an oversized .46-acre lot, providing added privacy, space, and long-term value. The large outdoor wood deck patio overlooking the water creates strong lifestyle appeal and can help drive higher resale value and buyer demand. With generous square footage, solid fundamentals, and desirable views, this property is well positioned for a profitable flip, long-term hold, or end-user purchase.
• Potential ARV: $310,000-$320,000
• Rehab Description: This property is truly turnkey and was previously operating as an Airbnb, leaving it in mint, well-maintained condition. The roof was replaced in 2023, the water heater is 2021, and while the AC is older, it is fully functional and performing well. With major systems in solid shape, only a professional deep clean is recommended before hitting the market—making this an ideal low-maintenance opportunity for investors seeking immediate rental income or a quick resale with minimal prep work.
• Comparable Rent: $2400-$2500/MO
• Ideal Investment Strategy: Resale/Rental
• Construction: CBS
• Comp 1: 110 Imbros Ave NE, Lake Placid, FL 33852 3/2 1686 SQFT 2007 Build PENDING @ $279,000 (900 sqft smaller/dated)
• Comp 2: 116 Captiva Ct NE, Lake Placid, FL 33852 3/2 1419 SQFT 2022 Build SOLD @ $345,000 12/18/25 (Newer build/over 1k sqft smaller)
• Comp 3: 124 Murray Ct NW, Lake Placid, FL 33852 3/2 2458 SQFT 2001 Build SOLD @ $330,000 1/22/26 (Dated)
• Comp 4: 426 Foxdale Rd, Lake Placid, FL 33852 3/2 1742 SQFT 1993 Build SOLD @ $299,000 11/4/25 (Smaller by over 800 sqft/dated)
• Comp 5: 102 Loquat Rd NW, Lake Placid, FL 33852 4/3 2685 SQFT 1975 Build SOLD @ $304,000 10/20/25 (Dated)
• Comp 6: 107 Bali St NE, Lake Placid, FL 33852 3/3.5 2237 SQFT 2007 Build SOLD @ $308,7000 9/23/25 (Smaller/Clean with some updates)
• Hard Money: Pre-Approved by OPS Loans for up to 75% LTV – See OPS Loans Hard Money