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2204 Us Highway 27 S, Lake Placid, FL, 33852

3beds
2baths
1,648sqft
$399,000
$242price/sqft
$2,789/moest. monthly cost
$111,560/yrincome needed

About This Home

*** UPDATE *** PROPERTY AVAILABLE SUBJECT TO 3 YEAR LEASE. NOW PRODUCING RELIABLE INCOME WITH LONG TERM TENANT! Lakefront with highway frontage Zoned B3. Highway crossover directly in front of shared access point(s) to property for convenient access from both directions. Approximately 9/10 acre. Previously Heritage Restaurant Log Cabin now converted with updated kitchen & bathrooms, potential for small business to utilize 370+-Ft US Hwy 27 frontage as display area for sales/325+-Ft of lakefront for Lakefront activities(paddleboarding, jet-ski rentals,etc. Come run your small business while you live in this cute nostalgic log cabin on the tranquil lake buck. Don't miss out on this unique opportunity to live, play and work in this special location! Property consists of two separate parcels that are offered together.

Getting Around

6
WalkingCar-Dependent
0
TransitVery Limited Transit
24
BikeSomewhat Bikeable

Schools

9/10
4/10
4/10
Lake Placid High SchoolGrades PK,9-124.6 mi

Construction

Condition

  • Property condition: Resale
  • Year built: 1983

Materials

  • Roof: Shingle
  • Construction materials: Frame

Type & Style

  • Home type: SingleFamily
  • Architectural style: One Story
  • Property subType: Single Family Residence

Interior

Bathroom1

  • Level: Main

Bathroom2

  • Level: Main

Bedroom1

  • Level: Main

Bedroom2

  • Level: Main

Bedroom3

  • Level: Main

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 1
  • 1/2 bathrooms: 1

Features

  • Flooring: Other

Foyer

  • Level: Main

Great Room

  • Level: Main

Heating & Cooling

  • Heating features: Central,Electric
  • Cooling features: Central Air,Electric

Interior Area

  • Total structure area: 1,648
  • Total interior livable area: 1,648 sqft

Kitchen

  • Level: Main

Laundry

  • Level: Main

Pantry

  • Level: Main

Property

Details

  • Parcel number: C283730A0000920000
  • Zoning description: B3
  • Special condition: None

Features

  • Levels: One
  • Stories: 1
  • Pool features: None
  • Patio & porch: Covered
  • On waterfront: Yes
  • Waterbody name: Buck Lake
  • Frontage type: Lakefront
  • Frontage length: 208

Lot

  • Lot size: 0.90 Acres

Parking

  • Parking features: Driveway,RV Access/Parking,One Space,Two Spaces,On Street

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
    Strong WindVery High
  • Hurricane
    HurricaneRelatively High
  • Lightning
    LightningRelatively High
  • Cold Wave
    Cold WaveModerate
  • Tornado
    TornadoModerate
  • Wildfire
    WildfireModerate

How This Home’s Risks Compare

Strong Wind
Hurricane
Lightning
Cold Wave
Tornado
Wildfire

FEMA Declared Disasters in Highlands County and Florida

Coastal Storm
Flood
Hurricane
Severe Storm
Straight Line Winds
Tornado
Tropical Depression
Tropical Storm

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

MonthlyAnnual
Mortgage $2,017$24,204
Home Insurance *$346$4,152
Property Taxes $229$2,748
Electricity $197$2,366
Total$2,789$33,468
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$95,622/yr
40% on housing$83,670/yr
45% on housing$74,373/yr

Florida FAIR Plan Programs

Citizens Property Insurance Corporation [Florida]

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,321,953Commercial: 13,564
Total Premiums$4.60B
Total Exposure$385.82B

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.

Insurance Growth Rate5-year average: 11.6%
11.6%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 1.3%
1.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$242This listing

vs Other Active Listings

Avg $/sqft

ZIP 33852$155
Highlands County$121

vs Homes Sold Last Month

Median $/sqft

ZIP 33852$185
Highlands County$172

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)

No zestimate history available

Price History

DateEventPrice
2025-10-28Price change$399,000
2025-08-21Price change$495,000
2025-03-31Listed for sale$595,000

For Sale by Agent

AgentJim Pyle
BrokerageADVANTAGE REALTY #1

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