Lake Placid is a town in Highlands County, Florida, United States. The U.S. Census Bureau estimated the town's population as 1,878 on 1 July 2007. It is part of the Sebring Micropolitan Statistical Area, which had a 2006 estimated population of 99,349. 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.