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$13,500
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Property Description
This residential lot offers a one-of-a-kind opportunity for builders, investors, and first-time buyers looking to build a single-family home. Modular and container homes are permitted. (Check with county) Situated on a spacious 0.25-acre lot, this property is located in a growing community with paved roads and nearby electric service, helping reduce future development costs. Enjoy being just minutes from Lake Istokpoga, one of Florida's premier freshwater fishing lakes, with convenient public boat ramp access for boating and fishing enthusiasts. The property is also close to restaurants, shopping, medical facilities, schools, and other everyday conveniences. With land values continuing to rise in the area, now is an excellent time to invest while prices remain affordable. Bonus Opportunity: The seller also owns a second 0.25-acre lot located directly behind this property at 241 Marshall Ave, Lake Placid. Purchasing both lots provides approximately 0.50 acres, offering additional space for a larger homesite, added privacy, or future investment potential.
Full Property Details
Full Property Details for 242 Highlands Lake Dr
General
- Price: $13,500
- Taxes: $162 (2025)
- Status: Active
- Type: Lots/Land
- Source: MidFloridaRegionalMLS
- MLS ID: O6424998
- Updated: 8/1/2026
- Added to Site: 36 day(s) ago
Location
- Area: 33852 - Lake Placid
- County: Highlands
- Development Name: 33852 - Lake Placid
- Subdivision: HIGHLANDS PARK ESTATE
- Driving Directions: Driving Directions: From US Highway 27, take County Road 621 (Lake June Road), then turn onto Highlands Lake Drive. Continue on Highlands Lake Drive to 242 Highlands Lake Dr, Lake Placid, FL 33852.
Community
- Community Name: 33852 - Lake Placid
Utilities
- Sewer: None
- Water: None
- Utility Description: Electrical Nearby, Utility Pole
Structural Information
- Current Bldg. Use: Residential
Lot Features
- Lot Size (Acres): 0.26
- Lot Size (Sq. Ft.): 11,250
- Lot Size: 11250
- Lot Dimensions: 75 x 150
- Street/Road Desc.: Paved
Financial Considerations
- Price Per Acre: $51,923
- Tax Amount: $162
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: None
- Legal Description: HIGHLANDS PARK EST SEC E PB 4-PG 87 LOT 1 BLK 1
- Flood Zone Info: A
- APN: C20363005000100010
- Property ID: C20363005000100010
- Block/Lot/Section: 1
Listed by J & R Global Realty
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Schools
Schools serving 242 Highlands Lake Dr
School District:Highlands County School District
| Name | Grades | Distance |
|---|---|---|
Lake Country Elementary School 516 County Road 29, Lake Placid, FL 33852 | PK-5 | 3.1 mi |
Lake Placid High School 202 Green Dragon Drive, Lake Placid, FL 33852 | 9-12 | 3.6 mi |
Lake Placid Middle School 201 South Tangerine Avenue, Lake Placid, FL 33852 | 6-8 | 3.6 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 242 Highlands Lake Dr
Date
Details
Price
Change
Source
8/01/2026
Listed
$13,500
8%
MLS
1/09/2025
Sold
$12,500
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 242 Highlands Lake Dr
Year
Property Taxes
Change
Tax Assessment
Change
2025
$162
9%
$9,500
25%
2024
$148
31%
$7,600
—
2023
$113
35%
$7,600
129%
2021
$84
-12%
$3,325
-36%
2022
$96
14%
$5,225
69%
2021
$84
11%
$3,088
8%
2019
$76
1%
$2,850
—
2018
$75
34%
$2,850
—
2017
$56
-2%
$2,850
—
2016
$57
-2%
$2,850
—
2015
$58
—
$2,850
—
2014
$58
7%
$2,850
—
2013
$54
—
$2,850
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 242 Highlands Lake Dr
242 Highlands Lake Drive, Lake Placid, FL 33852 (MLS# O6424998) is a Lots/Land property with a lot size of 0.26 acres. 242 Highlands Lake Drive is currently listed for $13,500 and was received on August 01, 2026. Want to learn more about 242 Highlands Lake Drive? Do you have questions about finding other Lots/Land real estate for sale in Lake Placid? You can browse all Lake Placid real estate or contact a Coldwell Banker agent to request more information.

