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Lake Wales,FL 33898
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,374 sqft
Price per Sqft $176
Subdivision Mason Villa
MLS Listing ID O6319957
Bedrooms 5
Full Baths 5
Year Built 1922
Annual Tax Amount $2,298
Lot Size 0.360 Acres
Property Sub-Type Single Family Residence
Property Description
One or more photo(s) has been virtually staged. Discover the versatility and income potential of this unique 5-bedroom, 5-bathroom lakefront home on peaceful Lake Starr. Spanning across multiple living areas, the property includes a detached 1-bedroom, 1-bath guest house with lake views, full kitchen, and living space—currently tenant-occupied for rental income. The main residence is thoughtfully divided into flexible sections, perfect for multigenerational living or investment opportunities. A private in-law suite with its own entrance, full bath, and kitchenette is connected to the home— also currently tenant-occupied for rental income., while an additional bedroom also features its own separate entrance, kitchenette, and private bath—ideal for rental or guest use. The main living area includes 3 bedrooms, 3 full bathrooms, an oversized living room, and a bonus room that can serve as a home office, playroom, or extra bedroom. Enjoy tranquil lakefront living with direct access to Lake Starr—ideal for paddleboarding, kayaking, fishing, and canoeing. Located just north of Downtown Lake Wales, this home is close to US-27, offering quick commutes to nearby cities and attractions. With its multi-unit setup, serene views, and flexible layout, this property is perfect for homeowners seeking passive income, investors, or families needing space and privacy.
Location
State FL
County Polk
Community Mason Villa
Area 33898 - Lake Wales
Rooms
Other Rooms Attic,Bonus Room,Family Room,Inside Utility,Interior In-Law Suite w/Private Entry,Loft
Interior
Heating Central,Electric
Cooling Central Air
Flooring Ceramic Tile,Wood
Fireplaces Type Wood Burning
Laundry Inside,Laundry Room
Exterior
Exterior Feature Lighting,Storage
Garage Spaces 2.0
Fence Chain Link
Utilities Available Cable Available,Cable Connected,Electricity Available,Electricity Connected,Phone Available,Private,Public,Water Available,Water Connected
Waterfront Description Lake Front
View Y/N Yes
Water Access Yes
View Water
Roof Type Metal
Building
Lot Description In County
Foundation Crawlspace,Slab
Sewer Septic Tank
Water Well
Structure Type Vinyl Siding,Frame
New Construction false
Schools
Elementary Schools Janie Howard Wilson Elem
Middle Schools Mclaughlin Middle
High Schools Lake Wales Senior High
Others
Acceptable Financing Cash,Conventional,FHA,USDA Loan,VA Loan
Listing Terms Cash,Conventional,FHA,USDA Loan,VA Loan
Special Listing Condition None
Virtual Tour https://www.zillow.com/view-imx/5424f5e5-fe29-4304-8512-b045152a4422?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard