5 months on rocket

518 Lake Mirror Dr, Lake Placid, FL, 33852

$1,499,000

Home List Price

$10,000*

Closing Credit

5 Bedrooms
4 Full Baths, 1 Partial
3,518 SqFt
$426/SqFt
House

Location

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518 Lake Mirror Dr, Lake Placid$1,499,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Attached Garage2 spaces
Year Built1969
HeatingCentral
CoolingCentral Air
WaterfrontLake Front
MLS #C7494505
Lot Size8.30 Acres
StatusActive

About 518 Lake Mirror Dr

Welcome to your dream home! This expansive ranch-style estate, nestled on over 8 acres of prime waterfront land, offers the perfect blend of luxury and tranquility. As you drive down the long, private driveway, you'll immediately feel at home in this stunning property. With four horse stalls, a pole barn, and a holding pen, equestrian enthusiasts will find ample facilities, perfect for equestrian enthusiasts. The home features 200 feet of pristine lake frontage, providing breathtaking views and a serene atmosphere. Inside, you'll discover 5 bedrooms and 4 1/2 bathrooms, including two master bedroom suites and a third bedroom with an en-suite bathroom and private entrance. The eat-in kitchen is a chef's delight, boasting granite countertops, wood cabinets, a new refrigerator, dishwasher, and stove, all set against cathedral ceilings with wood beams that frame a picturesque lake view. Off the kitchen is a large walk-in pantry and an oversized laundry room with an additional half bath. The family room, with its wood-burning fireplace and French doors, opens to a large, screened porch measuring 28 x 32 feet, ideal for indoor-outdoor living. The patio which is perfect for relaxing or entertaining overlooks a beautifully landscaped yard adorned with oak trees and offering a stunning lake view. Additional upgrades include new Acacia wood flooring throughout, new landscaping, a new irrigation system, and a new water system with reverse osmosis. Recreational opportunities abound with a private dock, ideal for boating and swimming on Lake Placid, a 3320-acre ridge lake with a sandy white shoreline. A large 20 x 40 boat house/workshop by the lake provides ample storage for your toys and tools. Completing this idyllic estate are a fire pit by the water and several fruit trees, enhancing the property's charm. This home is sold completely furnished with beautiful ranch-style furniture, making it a true paradise for those seeking a luxurious and serene lifestyle. Your dream home awaits! Properties like this don't come available often. Qualified buyers only Please.

Property Details

Property Features

Property Information:

  • Year Built: 1969
  • Stories: 1
  • Living Area: 3,518 SqFt

Listing Office:

  • Office Name: PRESTIGE REALTY OF FLORIDA, LL
  • Listing Agent: Dawn Miller

Interior Features

Interior Information:

  • Appliances: Dishwasher, Dryer, Microwave, Range, Washer
  • Flooring Type: Other
  • Interior: Ceiling Fans(s), Thermostat

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 4
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Private Pool: No
  • Waterfront: Lake Front
  • Exterior: Lighting

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes

Virtual/3D Tour

  • Virtual Tour: 518 Lake Mirror Dr
Virtual Tour

Lot Features

Lot Information:

  • Lot Size: 8.30 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Heading South on Main St. from the intersection of Interlake Blvd and Main St. Make a left on Lake Mirror Dr. Property will be down on the right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,499,000
  • Price Per SqFt: $426/SqFt
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Housing Market Comparison

See how this home compares to others in Lake Placid, FL.

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Lake Placid, FL

City

Med. Sold Price

$294K

Med. Price/SqFt

$189

Avg. Days On Market

61

# of Sold Homes

3

518 Lake Mirror Dr vs Lake Placid

150 DAYS ON ROCKET

+89 Days

$1,499,000

+$1.2M More

$426/SqFt

+$236 More

KEY TAKEAWAY

This property is $1.2M more than the Median Sold Price and $236/SqFt more than other homes in Lake Placid, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MFRMLS
  • MLS Number: #C7494505

Listing Office:

  • Office Name: PRESTIGE REALTY OF FLORIDA, LL
  • Listing Agent: Dawn Miller

IDX Listings courtesy of Stellar MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/23/2024, 6:19:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Apr 19, 2012Home Sold
$490,000

History based on county public records data.

Payment Calculator

$7,549

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,561

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-951056
3
/10

  • Lake Placid Elementary School

  • 101 Green Dragon Dr

  • 1.98 miles

  • Public District Grades PK-5

school-card-donut-951057
6
/10

  • Lake Country Elementary School

  • 516 County Road 29

  • 2.40 miles

  • Public District Grades PK-5

school-card-donut-951058
6
/10

  • Cracker Trail Elementary School

  • 8200 Sparta Rd

  • 11.81 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $39,737. Residents of Lake Placid, FL typically earn less than $35k each year. Typical family type is married, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 518 Lake Mirror Dr

What is the listing price of this property?

The listing price of 518 Lake Mirror Dr property is $1,499,000.

What type of property is this?

The property 518 Lake Mirror Dr is a house located in Lake Placid, Florida, 33852.

Is this property for sale now?

Active Listing: 518 Lake Mirror Dr is For Sale (Active/New) which means the seller is accepting offers.

When was this property sold last time and for how much?

The last sale was on April 19, 2012 for $490,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 518 Lake Mirror Dr has 5 bedrooms and 4 full and 1 half bathrooms.

What is the square footage of this property?

The property 518 Lake Mirror Dr is 3,518 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 518 Lake Mirror Dr is 1969.

Rocket Homes›Florida›Highlands County›Lake Placid›33852›518 Lake Mirror Dr

This home is located at 518 Lake Mirror Dr in Lake Placid, FL and zip code 33852. This 3,518 square foot home, which was built in 1969, sits on a 8.30 acre lot. Features: 5 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since June 26, 2024 and is currently priced at $1,499,000.

In October 2024, from all listings sold in Lake Placid, FL there were more than 0 sold above asking price, over 2 sold below and more than 1 were sold right at the asked price. In October 2024 in Lake Placid, FL there were 8.5% more homes for sale than in September 2024. Listings spent 61 days on the market in October 2024, and had a median list price of $294,000 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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