502 Reba Drive
Lake Placid, FL 33852
- – beds
- – baths
- – sqft
- ~1 acre lot
- – on site
Rare Multi-Lot Development Opportunity – 501 & 503 Megan Ave, 505 Megan Ave, 502 & 504 Reba Ave, Lake Placid, FL Don't miss this exceptional investment opportunity featuring five adjoining parcels totaling 1.37 acres in the heart of Lake Placid! This prime property offers endless possibilities—redesign into townhomes (pending city approval) or build individual residences that sit high and dry, overlooking beautiful Lake Saddlebags. Located in a thriving area near downtown Lake Placid, these lots provide elevated views, convenient access to shopping, dining, and major roadways, all while offering a peaceful residential setting. Whether you're an investor, developer, or builder, this is a rare chance to create something truly special in one of Florida’s most charming communities. ?? Call today for more details and to explore the potential of this prime development site!
Last checked:
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Last updated Mar 31, 2025
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MLS# 313438 —
Financial & Terms
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Possession:Closing
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Listing Terms:Cash, Conventional
Location
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Directions:Directions to 505 Megan Ave, Lake Placid, FL from Downtown Lake Placid: Start at Interlake Boulevard in Downtown Lake Placid. Head west on Interlake Blvd toward US Highway 27 S (approx. 0.5 miles). Turn left onto US Highway 27 S and continue for 2.2 miles. Turn right onto Lake Francis Rd and drive 0.9 miles. Turn left onto Megan Ave and continue 0.2 miles. Arrive at 505 Megan Ave, which will be on your right. (there are 5 lots connected that are all one package)
The Property
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Parcel Number:C-06-37-30-140-0010-0040
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Property Type:Land
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Property Subtype:Residential
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Property Subtype Additional:Residential, Unimproved Land
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Lot Features:City Lot, Other, Public Road, See Remarks
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Lot Size Acres:1.37
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Lot Size Area:1.37
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Lot Size Square Feet:59676
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Lot Size Units:Acres
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Current Use:See Remarks
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Zoning Description:r1A
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Frontage Length:96
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Road Responsibility:Public Maintained Road
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Road Surface Type:Paved
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Additional Parcels Description:C-06-37-30-140-0010-0050,C-06-37-30-140-0010-0010,C-06-37-30-140-0010-0030
Listing Agent
- Contact info:
- Agent phone:
- (954) 545-5583
- Office phone:
- (954) 545-5583
Taxes
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Tax Year:2024
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Tax Legal Description:LAKE SADDLEBAGS SUB LOT 4 BLK 1
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Tax Annual Amount:128.65
The Listing
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Virtual Tour URL Branded:https://www.propertypanorama.com/instaview/heartland/313438
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Virtual Tour URL Unbranded:https://www.propertypanorama.com/instaview/heartland/313438
Utilities
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Utilities:See Remarks
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Sewer:Public Sewer
Schools
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Elementary School:Lake Placid Elementary
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Middle Or Junior School:Lake Placid Middle
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High School:Lake Placid High
The Community
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Association:No
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
