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Active Residential

1210 STATE 17 ROAD

Dundee, FL 33838

STELLAR #TB8514488 Updated: Jun 2, 2026, 9:08am
$899,000
12 Beds • 9 Baths • 3,792 SqFt
Property
ActiveResidential
1/18
$899,000

1210 STATE 17 ROAD

Dundee, FL 33838
12
Beds
9
Baths
3,792
SqFt
1.32
Acres
STELLAR
#TB8514488
Updated: Jun 2, 2026, 9:08am

Property Description

SELLER FINANCING AVAILABLE. CONTACT LISTING AGENT FOR DETAILS. Lake Josephine Apartments is a 9-unit waterfront multifamily asset sitting directly on the shoreline in Dundee, FL. A rare lakefront offering. The property delivers a 12.79% cash-on-cash return in-place with Year 1 proforma climbing to 13.13%, supported by a balanced unit mix of three studios, three 1BR/1BA, and three 2BR/1BA units across 3,792 SF of concrete block construction on a 1.32-acre lot.

In-place rents currently sit below market on multiple units, leaving a clear path to grow returns further without renovation risk. With the landlord covering electric, water, sewer, and trash, operations are simple and tenant turnover is straightforward

This property’s unique waterfront location enhances its appeal, offering tenants a serene living environment while also providing significant potential for investors looking to capitalize on the property’s natural setting and strong rental demand in Dundee. Lake Josephine Apartments combines solid construction, a diverse unit mix, and an unbeatable lakeside location, making it an exceptional investment opportunity in the heart of Polk County.

*DISCLAIMER: ONE UNIT IS NON-CONFORMING*
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Property Details

Highlights
Waterfront
Yes
Interior
Cooling
Wall/Window Unit(s)
Fireplace Features
Masonry
Heating
Electric
Interior Features
Ninguno
Living Area
3792
Construction
Building Area Units
Square Feet
Construction Materials
ConcreteWood Frame
Foundation Details
Slab
Living Area Source
Public Records
Living Area Units
Square Feet
Roof
Shingle
Year Built
1947
Site & Exterior
Flood Zone Code
X
I D X Participation
Yes
Lot Size Acres
1.32
Lot Size Area
1.3205
Lot Size Dimensions
150 x 220
Lot Size Square Feet
57521
Lot Size Units
Acres
Public Survey Range
27
Public Survey Section
27
Road Surface Type
Asphalt
Sewer
Septic Needed
Total Acreage
1 to less than 2
Utilities
Electricity ConnectedWater Connected
Water Access
Yes
Water Source
Public
Water View
Yes
Waterfront
Yes
Waterfront Features
Lake Front
Waterfront Feet Total
50
Financials
Calculated List Price By Calculated Sq Ft
237.08
Contract Status Change Date
2026-06-01
Current Price
899000
Feed Types
BBO
Lease Term
12 Months
Ownership
Fee Simple
Parcel Number
272827835520000054
Public Survey Township
28
Tax Annual Amount
14861.24
Tax Book Number
1-87
Tax Legal Description
FLA HIGHLANDS CO SUB OR LAKE JOSEPHINE VILLA LOTS PB 1 PG 87 LOTS 5 & 6 PART DES AS COMM SE COR LOT 6 RUN N 17 DEG 30 MIN 04 SEC W 130 FT S 72 DEG 25 MIN 43 SEC W 228.25 FT FOR POB RUN S 72 DEG 25 MIN 43 SEC W 246.34 FT N 01 DEG 37 MIN 51 SEC W 75.4 FT N 06 DEG 33 MIN 10 SEC W 133.81 FT N 63 DEG 18 MIN 04 SEC E 201.42 FT TO R/W SELY ALONG R/W 63.96 FT S 03 DEG 22 MIN 20 SEC E 228.36 FT TO POB
Tax Lot
6
Tax Year
2025

Neighborhood & Lifestyle

Community & Association
M L S Area Major
33838 - Dundee
Subdivision Name
FLA HIGHLANDS CO SUB
Listing provided courtesy of STELLAR via IDX. Updated: Jun 2, 2026, 9:08am.
Tito Urbano Perez

Listing Agent

FLORIDA REALTY INVESTMENTS

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