Lovely Lake Placid Lot ready for a new home. If you aren't ready quite yet to build; no worries. Purchase your lot, get your plans and a contractor in place and turn on the switch when you are ready. Lake Placid is located between Sarasota and Fort Pierce and offers 27 freshwater lakes, nearly 50 outdoor murals, boutique shops and a diverse selection of great restaurants. Also known as the Caladium Capital of the World, Lake Placid is where nearly all of the world’s caladiums are grown. The town celebrates by an annual Caladium Festival, a multi-day event that includes a car and bike show, art competitions, entertainment, and more.