Address: 130 Masterpiece Road, LAKE WALES, FL 33898
Description
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 spacecurrently 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 bathideal 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 Starrideal 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.
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 spacecurrently 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 bathideal 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 Starrideal 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.
Features
Building and Construction
Covered Spaces: 0.00
Exterior Features: Lighting, Storage
Fencing: Chain Link
Flooring: Ceramic Tile, Wood
Living Area: 2374.00
Other Structures: Guest House, Shed(s), Storage
Roof: Metal
Land Information
Lot Features: In County
School Information
High School: Lake Wales Senior High
Middle School: Mclaughlin Middle
School Elementary: Janie Howard Wilson Elem
Garage and Parking
Garage Spaces: 2.00
Open Parking Spaces: 0.00
Eco-Communities
Water Source: Well
Utilities
Carport Spaces: 0.00
Cooling: Central Air
Heating: Central, Electric
Pets Allowed: Yes
Sewer: Septic Tank
Utilities: Cable Available, Cable Connected, Electricity Available, Electricity Connected, Phone Available, Private, Public, Water Available, Water Connected
Finance and Tax Information
Home Owners Association Fee: 0.00
Insurance Expense: 0.00
Net Operating Income: 0.00
Other Expense: 0.00
Tax Year: 2024
Other Features
Appliances: Dishwasher, Range, Range Hood, Refrigerator
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