16 E Hibiscus St, Lake Placid, FL, 33852
About This Home
Great Investment Opportunity in the Heart of Lake Placid! This charming duplex is ideally located within walking distance to vibrant downtown Lake Placid, making it perfect for both investors and future homeowners. Each unit offers comfort and convenience, with high-impact windows, new A/C units, and a fully remodeled Unit 2. Unit 1 is currently rented on a month-to-month lease, and both units are occupied, providing immediate rental income. Unit 1 is a 2 bedroom 1 bath. Unit 2 is a 1 bedroom 1 bath. Enjoy all that Lake Placid has to offer - a town known for its quaint Main Street filled with local shops, unique eateries, and the charm of small-town living. Saturdays come alive with a bustling Farmers Market, perfect for strolling and soaking in the friendly community atmosphere. Known as the Caladium Capital of the World, Lake Placid celebrates its roots with the annual 3-day Caladium Festival, a summer favorite for both residents and visitors. Best of all, you're just a short 2-hour drive from either coast, making this a centrally located gem with so much to offer. Don't miss out on this income-producing property in one of Florida's most charming small towns!
Getting Around
Somewhat Walkable
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1990
Materials
- Roof: Asphalt
- Construction materials: Masonry - Concrete Block,Stucco Siding
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Refrigerator,Microwave,Oven
Basement
- Area: 0
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Features
- Finished area above ground: 1,544
Heating & Cooling
- Heating features: Electric,Forced Air,Zoned
- Cooling features: Central,Zoned
Interior Area
- Total structure area: 1,544
Kitchen
- Features: Open,Granite Counters
Property
Details
- Parcel number: P06373004000300030
- Lease amount: 0
Features
- Has view: Yes
- View description: Street
Lot
- Lot size: 6,534 sqft
Parking
- Parking features: Driveway
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Strong Wind
- Hurricane
- Lightning
- Tornado
How This Home’s Risks Compare
FEMA Declared Disasters in Highlands County and Florida
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,643 | $19,716 |
| Home Insurance * | $282 | $3,384 |
| Property Taxes | $421 | $5,052 |
| Electricity | $197 | $2,366 |
| Total | $2,543 | $30,516 |
Income You'd Need if You Spent...
Florida FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2025-07-06 | Listed for sale | $325,000 |
| 2024-08-08 | Listing removed | -- |
| 2024-08-01 | Listed for sale | $325,000 |
| 2024-06-28 | Listing removed | $325,000 |
| 2024-06-28 | Listed for sale | $325,000 |
| 2020-09-21 | Sold | $127,000 |
| 2020-08-30 | Pending sale | $135,000 |
| 2020-08-25 | Price change | $135,000 |
| 2020-08-18 | Listed for sale | $154,900 |
| 2020-03-11 | Sold | $110,000 |
| 2020-02-07 | Pending sale | $120,000 |
| 2020-01-21 | Listed for sale | $120,000 |
| 2004-03-12 | Sold | $82,000 |
| 2001-09-11 | Sold | $67,000 |
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