Property photo 1
Property photo 2
Property photo 3
Property photo 4
Property photo 5
42 Beds
42 Baths

$4,500,000

1001 Lakeview Drive, Sebring FL, 33870

Price per sqftN/A
Built in1972
Property typeCondominium

Overview

Active

Listed Aug 10, 2026

Updated Aug 17

RARE SEBRING INVESTMENT/REDEVELOPMENT OPPORTUNITY! Former Sunset Beach Motel at US 27 & Lakeview Dr offers 42 units on 3± acres at a highly visible hard corner with 297± FT of frontage on beautiful Lake Jackson. Surrounded by major retailers/services including Publix, Bealls Outlet, Popeyes, Verizon & CVS. Existing improvements & infrastructure provide tremendous value as construction, utility & development costs continue to rise. Renovate/stabilize the 42 units for income while positioning this prime site for future redevelopment. Owner pro forma based on $800/unit/mo, 10% vacancy & 35% expenses projects $235,872 NOI. One building has a newer metal roof; additional updating needed. Exceptional potential for upscale hotel/resort, timeshare, lakefront restaurant, retail or mixed commercial redevelopment, subject to approvals. Sebring continues expanding with new residential, industrial & national brands including BJ’s Wholesale, First Watch, Wawa & Culver’s, driving demand for lodging, retail & services. Secure this irreplaceable lakefront commercial site while existing improvements offer holding-income potential. BUY THE LOCATION, IMPROVE THE INCOME & POSITION FOR THE FUTURE! Buyer to verify zoning, uses, measurements & financials.

$29,939/mo

Est. mortgage payment based on a $4,500,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
327097

Interior Features

Bedrooms
42
Bathrooms
42
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
2.95 Acres

Other Property Details

Taxes
$20,635
Tax Frequency
Annually
View
Yes