Residential lot located in upcoming "Magnolia Manor". A gated - deed restricted community with only 24 home sites. This property is just minutes from US 27 and all it has to offer. There is a small annual HOA of $325 that covers: The lawn service, private road maintenance and lighting. Lake Placid - Florida is a small quaint town in Central Florida with only 3 stop lights and many beautiful lakes, both recreational + fishing. It's only 1 1/2 hours from Orlando, Tampa, the West Coast + East Coast of Florida.