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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.
Listing Details
Property Type
Residential
Listing#
O6319957
Source
Stellar (Altamonte, FL)
Last Updated
11-10-2025 11:46am
Status
Active
Property Details
Property Subtype
Single Family Residence
Sold Price
$375,000
Original Price
$420,000
Location
Lake Wales, FL 33898
SqFT
2374
Year Built
1922
Acres
0.36
Bedrooms
5
Bathrooms
5
Map
Property Level and Sizes
SqFt Lot
15533
Lot Size
0.36
Financial Details
Previous Year Tax
2298
Year Tax
2024
Interior Details
Interior Features
Ceiling Fan(s), Solid Wood Cabinets
Flooring
Ceramic Tile, Hardwood
Cooling
Central Air
Heating
Central, Electric
Fireplaces Features
Wood Burning
Utilities
Cable Available, Cable Connected, Electricity Available, Electricity Connected, Phone Available, Private, Public, Water Available, Water Connected