Listing Details for MLS # L4958649
5905 Magnolia Lane, Lakeland, Fl 33810

Residential Property - Single Family Residence in Lakeland

Listing Price: $665,000Days on Market: 77

Description of Property

If you require a workshop or space for RV or boat storage and prefer to avoid HOA restrictions, this property offers an excellent solution. Situated on nearly 1.5 acres, it features a 3,200+ square foot residence, along with a detached barn/workshop that includes a partially finished living area above. Entry is secured by a private electric gate, enhancing safety and privacy. The expansive circular driveway leads to a deep wrap-around porch, welcoming you to this impressive tri-level home. The main and center level encompasses formal living and dining rooms, a traditional country-style kitchen with brick accent walls, and picture windows that provide views of the screened, enclosed pool. Adjacent to the kitchen, a breakfast nook overlooks the pool area. Upstairs, there are three spacious bedrooms, including the primary suite with its own private bath. The lower level provides a large bonus room (or fourth bedroom) featuring a fully ADA-accessible bathroom and an inside laundry room. The side-entry garage offers direct access to both the bonus and utility rooms. Recent updates include fresh interior paint, county water for potable use, irrigation from a well, a completely new septic system (tank and drain field) installed within the past 60 days, and two traditional AC units servicing the main house. Nearby, the nearly 2,000-square-foot barn/workshop boasts a second-floor, partially finished living area (approximately 500 square feet not counted in the main dwelling’s SF), cooled by a geothermal heat pump (GHP). Additional amenities include the electric entry gate and a private pond in the front yard, which could be stocked for recreational fishing. There is potential for establishing a “family compound,” as the adjoining property may be separately available for purchase. It shares part of the circular driveway, has its own gated entrance, and could afford shared equity for multiple owners or multi-generational households. This property is ideally suited for individuals who own work vehicles or operate small businesses and want to avoid HOA conflicts. Showings are easy to arrange; please schedule an appointment. No trespassing is permitted.The average asking price for a 4 bedroom/3 bath single family residence in this Zip code is $521,475. This single family residence is listed at about 128% of the average asking price. There are 9 4 bedroom/3 bath homes between $450,000 and $750,000 currently listed for sale in this Zip code. See other listings like this one »