707 Lake Clay Drive S
Lake Placid, FL 33852
- 3 beds
- 3 baths
- 2,256 sqft
- 14,792 sqft lot
- $278 per sqft
- 1962 build
- – on site
Stunning Turnkey Lakefront Home on Lake Clay – Income Potential & Breathtaking Views! Discover the perfect blend of luxury, comfort, and income potential with this completely updated, turnkey two-story lakefront home perched high on a hill overlooking the pristine waters of Lake Clay in Lake Placid, Florida. This beautifully maintained property features a main home on the first floor and a separate apartment on the lower level, offering versatility for multi-generational living, a guest retreat, or rental income. The main home on the first floor boasts unmatched lake views, allowing you to take in the beauty of Lake Clay, a 353-acre ridge lake known for its sandy bottom and ideal water activities. Inside, you’ll find two spacious living areas perfect for relaxation and entertaining. One of these living spaces is multifunctional, making it ideal as a living room, home office, or even overflow sleeping space for guests. The home includes two bedrooms and two bathrooms, with a mix of real wood and tile flooring throughout. An outdoor kitchen and entertaining space make lakeside dining and gatherings even more enjoyable. The lower-level apartment has its own private entrance and parking, making it ideal for guests or as a rental unit. It features one bedroom and one bathroom, a fully equipped kitchen, and a comfortable living room. Beautifully decorated with lake views, this space provides a peaceful and private retreat. Being a turnkey property, this home is move-in ready, whether for personal use or immediate rental income. Outdoor amenities make this property truly special. The elevated lot not only provides breathtaking lake views but also keeps the home out of a flood zone for added peace of mind. A private dock with two electric boat lifts is ready for all your water adventures. Please note that the floating dock does not convey with the home but may be negotiated separately. The property also includes a jacuzzi, which will convey with the home, along with two sheds. An outdoor fire pit adds to the charm, making it perfect for unwinding under the stars. With direct lake access, you can enjoy swimming, water skiing, fishing, and a variety of other water sports. Located in Lake Placid, one of Florida’s hidden gems, this home offers a peaceful small-town atmosphere while being just minutes from shopping and everyday conveniences. Plus, it is less than two hours from both coasts, making trips to the beach or city attractions a breeze. Whether you're looking for a turnkey lakefront retreat, a rental investment, or a full-time residence, this completely updated home is a must-see. Experience the best of lakefront living in Lake Placid, Florida. Schedule a private tour today!
Last checked:
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Last updated Mar 9, 2025
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MLS# 312965 —
The Building
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Year Built:1962
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Architectural Style:Two Story
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Roof:Metal
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Levels:Two
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Stories:2
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Window Features:Single Hung, Blinds
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Patio And Porch Features:Rear Porch, Screened
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Construction Materials:Block, Frame, Concrete
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Building Area Total:3522
Interior
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Furnished:Unfurnished
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Rooms Total:15
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Interior Features:Ceiling Fan(s), Fireplace, High Speed Internet, Unfurnished, Window Treatments
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Flooring:Hardwood, Tile
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Fireplace:Yes
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Fireplace Features:Electric
Room Dimensions
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Living Area:2256
Financial & Terms
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Possession:Closing
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Listing Terms:Cash, Conventional
Location
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Directions:From the Intersection of Hwy 27 and St Rd 70 heading North, turn right onto Lake Clay Dr., Home is on the left.
The Property
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Parcel Number:P-31-36-30-080-0010-0060
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Property Type:Residential
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Property Subtype:Single Family Residence
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Property Subtype Additional:Single Family Residence
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Property Condition:Resale
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View:Lake
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View:Yes
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Lot Size Acres:0.34
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Lot Size Area:0.34
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Lot Size Square Feet:14792
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Lot Size Units:Acres
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Zoning Description:R1
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Frontage Type:Lakefront
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Water Body Name:Clay
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Frontage Length:86
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Road Surface Type:Paved
Listing Agent
- Contact info:
- Agent phone:
- (863) 402-5701
- Office phone:
- (863) 402-5701
Taxes
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Tax Year:2024
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Tax Legal Description:PLACID PLAZA PB 7-PG 23 LOT 6 BLK 1
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Tax Annual Amount:6469.27
Beds
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Total Bedrooms:3
Baths
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Total Baths:3
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Full Baths:3
The Listing
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Virtual Tour URL Branded:https://www.propertypanorama.com/instaview/heartland/312965
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Virtual Tour URL Unbranded:https://www.propertypanorama.com/instaview/heartland/312965
Heating & Cooling
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Heating:Central, Electric
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Heating:Yes
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Cooling:Yes
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Cooling:Central Air, Electric
Utilities
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Utilities:Cable Available, High Speed Internet Available, Sewer Not Available
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Sewer:None, Septic Tank
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Water Source:Public
Appliances
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Appliances:Built-In Oven, Dryer, Dishwasher, Electric Water Heater, Disposal, Microwave, Oven, Range, Refrigerator, Washer
Schools
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Elementary School:Lake Country 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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Community Features:Water Sports
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Pool Features:None
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Association Amenities:Powered Boats Allowed
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Association:No
Parking
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Carport:1
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Carport Spaces:2
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Parking Features:Carport, Driveway, On Street
Monthly cost estimate

Asking price
$629,000
Expense | Monthly cost |
---|---|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$3,368
|
Taxes | $539 |
Insurance | $172 |
Utilities | $204 See report |
Total | $4,283/mo.* |
*This is an estimate |
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).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
Date | Event | Source | Price | % Change |
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3/7/25
Mar 7, 2025
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Listed / Active | HMLS_FL | $629,000 | 120.7% (21.6% / YR) |
8/9/19
Aug 9, 2019
|
HMLS_FL | $285,000 |