# 16 E Hibiscus St, Lake Placid, FL 33852

> **TL;DR:** 3bd/2ba residential multi family, $325,000 ($210/sqft), built 1990, 1,544 sqft. Est. $1,408/mo. Listed 670 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $325,000 |
| Price/sqft | $210 |
| Bedrooms | 3 |
| Bathrooms | 2 full |
| Square Feet | 1,544 |
| Year Built | 1990 |
| Lot Size | 6,534 sqft (0.15 acres) |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 670 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,408 |
| **Total** | **$1,408** |

## Property Highlights

- Built in 1990
- 0.15 acre lot

## Description

### Agent Description
Great Investment Opportunity in the Heart of Lake Placid!    This charming duplex is ideally located within walking distance to vibrant downtown Lake Placid, making it perfect for both investors and future homeowners. Each unit offers comfort and convenience, with high-impact windows, new A/C units, and a fully remodeled Unit 2. Unit 1 is currently rented on a month-to-month lease, and both units are occupied, providing immediate rental income. Unit 1 is a 2 bedroom 1 bath. Unit 2 is a 1 bedroom 1 bath.   Enjoy all that Lake Placid has to offer - a town known for its quaint Main Street filled with local shops, unique eateries, and the charm of small-town living. Saturdays come alive with a bustling Farmers Market, perfect for strolling and soaking in the friendly community atmosphere.    Known as the Caladium Capital of the World, Lake Placid celebrates its roots with the annual 3-day Caladium Festival, a summer favorite for both residents and visitors. Best of all, you're just a short 2-hour drive from either coast, making this a centrally located gem with so much to offer.    Don't miss out on this income-producing property in one of Florida's most charming small towns!

## Location

- **Address:** 16 E Hibiscus St, Lake Placid, FL 33852
- **Coordinates:** 27.295991, -81.365835
- **Google Maps:** https://www.google.com/maps?q=27.295991,-81.365835

## Listing Agent

- **Name:** Sara Pipal
- **Brokerage:** The Pipal Group
- **Phone:** 8636591451
- **Email:** spipal@thepipalgroup.com

## Primary Photo

![16 E Hibiscus St - Primary Photo](http://lh.rdcpix.com/b0452ffeeb9d9d78d17c84447de1b41fl-f2719265067r.jpg)

*13 total photos available on [listing page](https://www.propertysimple.com/listing/16-e-hibiscus-st-lake-placid-fl-33852-11327655)*

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**MLS#:** 11327655 | **Updated:** 2026-06-18
**Source:** listhub

*Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/16-e-hibiscus-st-lake-placid-fl-33852-11327655)

---

## Structured Data

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