705 S Magnolia Ave, Lake Placid

Highlands County Real Estate - Lake Placid

Lake Placid is in South Central Florida. It's population as recorded in the 2010 Census was 2,223. Lake Placid is approximately 49 miles from Lehigh Acres (population 86,784) and around 50 miles from Port Charlotte (population 54,392).

The median age for residents of Lake Placid is 34.4. Around 33.7% of Lake Placid households include school aged children and 38.4% of households include individuals aged 65 years or over. Census records indicate 69.5% of the Lake Placid population are White, 7.1% are Black or African American, .4% American Indian, 1.1% Asian and 2.6% are Two or more Races. Lake Placid has a significant Hispanic population. 46% (1,024) of Lake Placid residents are of Hispanic or Latino origin. Of these 84.66% are of Mexican origin, 5.56% Puerto Rican, 2.53% Cuban and 7.22% are of other Hispanic or Latino origin.

There are 1,040 housing units in Lake Placid. 199 (19.1%) of these were reported as vacant in the 2010 Census. There are 571 residential rental units in Lake Placid. 472 of them were occupied in 2010 providing a residential rental vacancy rate of 16.3%.

Lake Placid links:

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Highlands County

Highlands County is located in the south central Florida region, along with Desoto, Hendry, Glades, Okeechobee, and Hardee counties. The largest industries providing employment are education & health services, natural resources & mining, trade & transportation, and government. Major private sector employers for Highlands County are Florida Hospital Heartland Division, Highlands Regional Medical Center, Cross Country Automotive Services, Wal-Mart Sebring, and Medical Data Systems. Top public sector employers are Highlands County School Board and Highlands County Board of Commissioners. Incorporated cities and towns include Avon Park, Lake Placid, and Sebring (county seat)

Neighboring Properties

AddressTypeSq FtClass 
701 S Magnolia Ave Single Family 1,112 B
722 S Main Ave Auto sales, auto repair and storage or auto service shop 4,246 B
732 S Main Ave Auto sales, auto repair and storage or auto service shop 5,377 B
204 Poinsettia St Single Family 1,112 B
706 S Magnolia Ave Single Family 642 C
201 Gladiola St Single Family 962 C
300 Poinsettia St Single Family 1,080 B
203 Gladiola St Single Family 1,114 C
704 S Main Ave Multi-family - less than 10 units 4,652 B
200 Poinsettia St Miscellaneous Residential (migrant camp or boarding home.) 0 L
209 Poinsettia St Warehousing, distribution terminal, trucking terminal, or van and storage warehousing 0 L
205 Gladiola St Single Family 1,485 B
205 Poinsettia St Warehousing, distribution terminal, trucking terminal, or van and storage warehousing 0 L
200 Gladiola Ave Multi-family - less than 10 units 2,024 C
301 Poinsettia St Single Family 771 C
207 Gladiola St Single Family 791 B
201 Poinsettia St Single Family 2,609 B
702 S Main Ave Auto sales, auto repair and storage or auto service shop 3,540 B
802 S Main Ave Vacant Residential 0 L
306 Poinsettia St Lot 4 Single Family 2,465 C
209 Gladiola St Single Family 821 C
305 Poinsettia St Vacant Residential 0 L
220 Palmetto St Single Family 792 B
216 Palmetto St Miscellaneous Residential (migrant camp or boarding home.) 0 L
212 Palmetto St Single Family 1,332 B
300 Palmetto St Vacant Residential 0 L
208 Palmetto St Single Family 980 B
125 Ranier Dr Light manufacturing 5,098 B
107 Ranier Dr Light manufacturing 560 C
211 Gladiola St Single Family 882 B
204 Palmetto St Single Family 808 B
806 S Main Ave Single Family 1,200 B
127 Ranier Dr Light manufacturing 4,157 B
208 Gladiola St Vacant Residential 0 L
309 Poinsettia St Single Family 1,113 B
105 Ranier Dr Light manufacturing 9,247 B
612 S Main Ave Vacant Residential 0 L
304 Palmetto St Single Family 1,504 B

Local Household Income

The median household income in this part of Florida is $44,029. The bottom 10% of the population earn less than $15,516 per year. The top 10% earn more than $109,632 per year. The top 1% earn more than $372,033 per year. Most renters earn between $21,636 (20th percentile) and $39,204 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $88,058 and $110,073.

The tax assessed value of this property places it in percentile 28 of all properties in this area. This suggests it would appeal to someone earning around $28,901 per year who should qualify for a mortgage between $57,802 and $72,253.

Source: US Census American Community Survey - 2008-2012 ACS 5-year PUMS estimates

Local Rents

The median monthly rent in this part of Florida is $727. Most renters earn between $1,803 and $3,267 per month. They typically spend 32% of their monthly income on rent. Most rents fall in the $494 (20th percentile) to $1,009 (80th percentile) range. The residential vacancy rate is 11%.

This property falls in percentile 28 of all properties in this area. This corresponds to a rent of $571 per month and a monthly household income of $1,979 ($23,748 per year)

Nearby Companies

Buyea'S Small Engine, Inc.
732 S Main Ave
Threace Masters, Inc.
722 South Main Ave
M.A.H. Site Preparation, Inc.
212 Palmetto St
Richfield Commercial Properties, LLC
127 Ranier Dr
Richfield Residential Properties, LLC
127 Ranier Dr
Heartland Metals, Inc.
127 Ranier Dr
Jones Restoration LLC
702 South Main Ave
Disclaimers and Disclosures

Public Records Data

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