Listing Details for MLS # L4952962
916 Woodward Street, Lakeland, Fl 33803

Residential Property - Single Family Residence in Lakeland

Listing Price: $699,999Days on Market: 29

Description of Property

Welcome to this beautifully updated home that blends comfort, versatility, and strong income potential—located just half a mile south of Lake Hollingsworth in one of Lakeland’s most desirable neighborhoods! The main house offers 3 bedrooms and 2.5 bathrooms with a spacious, open-concept layout perfect for modern living. Enjoy a fully updated kitchen and luxurious primary bath—both remodeled in 2023—along with updated finishes and new exterior siding completed in 2025. Bonus income opportunity! Above the rare 3-car attached garage sits a fully private mother-in-law suite featuring 2 bedrooms, 1 full bath, its own entrance, and a dedicated HVAC system (new in 2023). The suite comes fully furnished and is currently operating as a successful short-term rental, providing excellent passive income potential or the ideal space for extended family, guests, or a home office. Beyond the home, enjoy direct access to Common Ground Park, Three Lakes Trail, and Cleveland Heights Golf Course. Whether you’re seeking an income-producing property, multi-generational flexibility, or walkable access to outdoor recreation, this home delivers exceptional value in both features and location.The average asking price for a 5 bedroom/3 bath single family residence in this Zip code is $558,475. This single family residence is listed at about 125% of the average asking price. There are 2 5 bedroom/3 bath homes between $600,000 and $900,000 currently listed for sale in this Zip code. See other listings like this one »