Lake Placid Homes for Sale

Lake Placid is a luxury community in Lighthouse Point, Broward County, Florida. Properties are priced from $1,200,000 to $3,500,000. Pure Equity lists homes in Lake Placid and represents buyers. Commission is negotiable, and what we are paid is agreed with you in writing before you commit to anything.

Pure Equity Realty covers Lake Placid and the Lighthouse Point area. We list for 1%, which includes photography, MLS syndication, and negotiation support. Buyers pay nothing for representation. For current market data, see Florida Realtors' market statistics.

Our MLS feed shows 5 Lake Placid Lighthouse Point homes for sale as of October 2026. The median asking price is $1.9M. Asking prices run from $885,000 to $4.5M.

That is 77% above the Lighthouse Point median of $1.07M. On a per-foot basis, homes here ask about $730 per square foot, compared with $514 across Lighthouse Point. So the median price buys roughly 2,600 square feet of living area.

Listings here have averaged 88 days on the market. That is faster than the Lighthouse Point average of 149 days. As a result, buyers here should be ready to write an offer soon after a showing.

Homes listed in Lake Placid date from 1955 to 2023. That puts them between 3 and 71 years old.

The range straddles 2002, when Florida adopted its statewide building code. Therefore two similar-looking homes here can carry very different insurance premiums. Ask for the wind mitigation report on any home you consider, since it drives much of that difference.

In addition, most Florida insurers ask for a four-point inspection on homes 30 years or older. It covers the roof, electrical, plumbing and HVAC. Updated systems usually make coverage easier to place.

At a median near $1.9M, Lake Placid sits in the luxury tier of Lighthouse Point. Jumbo financing and proof of funds usually come up early in these negotiations.

Rentals in Lake Placid have a median asking rent of $8,050 per month, across 2 active rental listings. For comparison, the Lighthouse Point median is $3,250, so rents here run 148% higher.

You can browse current Lighthouse Point rentals or ask us for a rent estimate on a specific Lake Placid home.

Here is what the median Lake Placid price means in Florida closing terms. At $1.9M, a 20% down payment comes to about $379,000, leaving a loan near $1.52M.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $5,306. Next, the intangible tax of 0.2% adds about $3,032. Buyers normally pay both at closing.

On the seller side, Florida deed stamps cost 70 cents per $100 of price. At the Lake Placid median, that is about $13,265.

Finally, owner-occupants should file for the Florida homestead exemption by March 1. It removes up to $50,000 of assessed value. After that, Save Our Homes caps yearly assessment increases at 3% or inflation, whichever is lower. To see what these numbers mean for your budget, get pre-approved before you tour.

Recent Lake Placid listings show assignments to Norcrest (elementary), Deerfield Beach (middle) and Deerfield Beach (high). However, boundaries can change each year, so confirm the assignment for a specific address with Broward County Public Schools.