Lake Placid is a town in Highlands County, Florida, United States. It is part of the Sebring, Florida Metropolitan Statistical Area. As of the 2020 census, the population was 2,360, up from 2,223 at the 2010 census. The town has two nicknames: "Town of Murals" and "Caladium Capital of the World". Lake Placid has 47 murals painted on buildings throughout the town, and 98 percent of the world's caladium bulbs come from Lake Placid.