Lake Placid is a town in Highlands County, Florida, United States. As of the 2010 census the population was 2,223, and in 2015 the estimated population was 2,164. It is part of the Sebring Micropolitan Statistical Area.The town has two nicknames: "Town of Murals" and "The Caladium Capital of the World". Lake Placid has more than 40 murals painted on buildings throughout the town, and 98 percent of the world's caladium bulbs come from Lake Placid.