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PROPERTY DETAILS

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603 Summit Street
Lake Placid, FL 33852
today NEW · Active
$284,900
$109 / Sqft
4
Beds
4
Baths
2,624
Sqft
0.20
Acres
1972
Yr. Built
MLS# 330143
Cumulative Days on Market: 1 · Includes prior listings · Currently listed since 11/04/26 · Data provided by the MLS.

Property Description

GREAT INVESTMENT OPPORTUNITY IN LAKE PLACID! This spacious duplex features two 2-bedroom, 2-bathroom units, each offering approximately 1, 100 square feet under air. The property features 8-gauge metal roofing, new windows, ceramic tile flooring throughout, spacious living areas, and a fenced outdoor area. LIVE IN ONE SIDE AND RENT OUT THE OTHER! This is a great opportunity for buyers looking to become homeowners while using rental income from the neighboring unit to help offset their monthly mortgage payment. Investors will also appreciate the potential to convert the property into four separate 1-bedroom, 1-bathroom apartments, subject to local zoning and approval. Conveniently located near downtown Lake Placid and directly behind the iconic Lake Placid Tower, which has been discussed for future renovation and revitalization. Potential improvements to this landmark could add to the area's appeal and long-term investment value. Whether you're looking for a primary residence with rental income or an investment property, this duplex offers plenty of possibilities!

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Property Highlights

Property Type
Residential
Property Sub Type
Duplex
Architectural Style
One Story
Bedrooms
4
Total Bathrooms
4
Living Area
2,214
Price / Sqft
$129
Acres
0.20
Year Built
1972
Condition
Resale
Cumulative Days on Market
1

Location

City/Township
Lake Placid
County
Highlands
Zoning Description
R1A

Property Details

Price
$284,900
Condition
Resale
Property Type
Residential
Property Sub Type
Duplex

Building

Levels
One
Total Area
2,624

Interior Features

Bedrooms and Bathrooms

Total Bathrooms
4
Full Bathrooms
4
Bedrooms
4

Area and Spaces

Living Area
2,214

Interior Features

Flooring
Tile, Vinyl

Heating and Cooling

Heating Features
Central, Electric

Building Details

Construction

Architectural Style
One Story
Year Built
1972

Materials

Construction Materials
Block, Concrete
Roof
Metal

Terms

Terms

Special Conditions
None
Special Terms
Cash, Conventional, FHA, Usda Loan, Va Loan
Cumulative Days on Market
1

Taxes

Tax

Tax (Annual)
$1,656.16

Heating, Cooling & Utilities

Cooling Features
Central Air, Electric

Utilities

Sewer
Septic Tank
Water Source
Public

Lot

Acres
0.20
Lot Size
0.20
Lot Size Area Sq Ft
8,712
Road Surface
Paved

Exterior Features

Patio And Porch Features
Front Porch, Open

Parking

Parking Features
Carport, Two Spaces

Pool Features

Pool Features
None
Listed by KW Florida Living, 863-840-0308
Listing Data last updated 11/05/2026 06:40 am
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Property History

Today
Property information last updated
Today
Status Active. This is the date the listing was placed on market.
Cumulative Days on Market: 1 day (includes prior listings) · Currently listed since November 4, 2026. Data provided by the MLS.

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603 Summit Street - MLS#330143 - $284,900
Listed by KW Florida Living, Ivan Barajas