110 Gates Avenue, Lake Placid, FL 33852

$250,000
4
BD
3
BA
2,475
SqFt

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List Price
$250,000
Status
ACTIVE
Days on Market
136
Price Change
▼ $50,000 1794011014
MLS#
TB8522410
Subtype
Residential
Style
One Story
Year Built
2005
Bedrooms
4
Bathrooms
3
Full Baths
3
Living Area
2,475
Lot Size
21,168
Acres
0.49
Subdivision
Placid Lakes Sec 11 Rep
MLS Area Major
Lake Placid

Property Description

Welcome to this one-of-a-kind home in the desirable Placid Lakes community! This spacious 3-bedroom, 2.5-bath residence offers approximately 2,475 square feet of living space and blends comfort, character, and outdoor living. Built in 2005, the home features an open-concept floor plan with soaring cathedral ceilings, a large center island, and a cozy wood-burning fireplace that creates the perfect gathering space. Fresh interior paint and a newer roof from 2024 add peace of mind and move-in-ready appeal. The oversized primary suite boasts a luxurious ensuite bath and an impressive walk-in closet, while the secondary bedrooms allows generous space and storage. Unique architectural details, stamped concrete flooring, and custom brick and stone accents throughout the home provide charm you won't find elsewhere. Step outside to your private retreat featuring a covered porch, waterfall fountain, and picturesque golf course views. New drainage improvements, including an on-site trench, swales, and drainage system, help direct excess water away from the property and improve water flow. These improvements provide added peace of mind during Florida's rainy season, allowing you to enjoy the beautiful lake and golf course surroundings and the benefits of living near the water. The oversized 2-car garage provides ample room for vehicles, tools, and recreational equipment. The property recently experienced flooding, with water levels reaching approximately 8 inches. One of the rooms has an estimated 6-inch slope in the floor, and there is a possibility of mold resulting from the recent flooding. The property will require further inspection, evaluation, and repairs. Buyers should conduct their own due diligence regarding the extent of the water damage, potential mold remediation, structural conditions, and any necessary restoration work. Property is being offered AS-IS. Seller will make no repairs or warranties regarding the property's current condition. This is an opportunity for buyers with the vision and resources to take on a substantial renovation project and potentially restore the property to its full potential. **The listing agent is the owner of the property.**

Additional Information

Interior Features
Built-in Features, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan
Exterior Features
None
Financing
Cash, Conventional, FHA, VA Loan
Community Features
No Deed Restriction
Property Description
One Story
Zoning
R1A
Appliances
Convection Oven, Dishwasher, Refrigerator
Heating
Electric
Air Conditioning
Central Air
Exterior Construction
Block
Exterior Features
None
Stories
1
Levels
One
Roof
Shingle
Foundation
Slab
Garage
2 Car Garage
Garage Spaces
2

Listing courtesy of NEX-GEN FLORIDA REALTY, INC.. 786-803-8016

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