Additional Details

• Important Details: --> Vacant at close --> Flood Zone X (No flood insurance required) --> HOA is $500/MO (Exterior maintenance, water, common areas)
• Features: Under 50K in Lake Placid — 2/1 condo offering 918 SQFT with a private balcony overlooking the lake. This is a great entry-price opportunity with beautiful water views and rental potential. With its desirable lake views and affordable price point, this condo offers solid upside in today's market.
• Potential ARV: $90,000-$100,000
• Rehab Description: For a rental, replace the carpets, complete a thorough deep clean, and you're good to go. The AC has been replaced within the past year, helping minimize upfront expenses. To maximize resale value, replace the carpets, apply fresh interior paint, reface the kitchen cabinets, refresh the bathrooms with updated fixtures and finishes, and complete a deep clean to create a clean, market-ready product. The recently replaced AC is a strong selling point for end buyers.
• Ideal Investment Strategy: Resale/Rental
• Construction: Condo
• Comp 1: 117 Country Club Dr Unit 801-1, Lake Placid, FL 33852 2/1 908 SQFT 1973 Build SOLD @ $75,000 4/7/26 (Same unit/dated)
• Comp 2: 117 Country Club Dr Unit 601-1, Lake Placid, FL 33852 2/1 991 SQFT 1973 Build SOLD @ $80,000 7/31/25 (Dated)
• Hard Money: Pre-Approved by OPS Loans for up to 75% LTV – See OPS Loans Hard Money