Unlock a unique investment opportunity with this 0.25-acre lot located in the Sun N Lakes Estates of Lake Placid, Highlands County. Zoned R-1 for single-family residential use, this property is situated within a Federal Opportunity Zone, potentially offering significant capital gains tax benefits for investors. The lot features a clean, rectangular 88' x 125' building envelope with convenient paved road frontage directly on Heppner Ave. Located in FEMA-confirmed Flood Zone X, the property offers a minimal hazard building site. You will enjoy a prime location only 8 minutes from downtown Lake Placid and 30 minutes from the regional hub of Sebring. With incredibly low annual taxes of $32, this is a highly cost-efficient land holding. This property is sold as-is with a 14–21 day closing timeline. Buyer is responsible for independent verification of all zoning, utility, and building requirements with Highlands County. Secure this high-potential homesite today!
220 Heppner Ave, Lake Placid, FL, 33852
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
CT Mortgage Lender ML-2630 - MA Mortgage Lender and Mortgage Broker #MC2630 - NH Mortgage Banker #11083-MB - RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB - NY Licensed Mortgage Banker - NYS Department of Financial Services LMBC 106535 / B500898 - NJ Residential Mortgage Lender 2630 - FL Mortgage Lender MLD1388 - VT Lender & Mortgage Broker #6952 & #1297MB
