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224 Cessna Way NW, Lake Placid, FL, 33852

6beds
4baths
2,916sqft
$600,000
$206price/sqft
$4,191/moest. monthly cost
$167,640/yrincome needed

About This Home

Clean, modern, and move-in ready duplex located in the peaceful Placid Lakes area of Lake Placid. Each unit offers a spacious 3-bedroom, 2-bath layout with high ceilings, an open-concept design, and durable vinyl plank flooring throughout. The kitchen features granite countertops, white cabinetry, stainless steel appliances, and a large island that flows seamlessly into the living area. Bathrooms include matching granite vanities and dual sinks in the primary suite. The primary bedroom also offers a walk-in closet and direct access to a screened-in rear porch—perfect for relaxing. Additional bedrooms are well-sized with ample closet space. Situated on a 0.76-acre lot with plenty of space and privacy, this property is just minutes from Lake June in a quiet, desirable area. Great opportunity for investors or owner-occupants—live in one unit and rent the other, or add a solid income-producing property to your portfolio. Strong rental potential in a growing area. Don’t miss your chance to secure this versatile property.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
25
BikeSomewhat Bikeable

Schools

Construction

Condition

  • Year built: 2023

Type & Style

  • Home type: MultiFamily
  • Property subType: Duplex,Multi Family

Interior

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Full bathrooms: 4

Property

Lot

  • Lot size: 0.77 Acres

Parking

  • Parking features: Garage,Garage Door Opener
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

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
  • Lightning
    LightningRelatively High
  • Hurricane
    HurricaneModerate

How This Home’s Risks Compare

Strong Wind
Lightning
Hurricane

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 $3,033$36,396
Home Insurance *$520$6,240
Property Taxes $345$4,140
Electricity $293$3,521
Total$4,191$50,292
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$143,691/yr
40% on housing$125,730/yr
45% on housing$111,760/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

$206This 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)

Price History

No price history available

For Sale by Agent

AgentDashawna Taylor
BrokerageADVANCED ALL SERVICE/ SEBRING

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