Listing Details for MLS # P4936209
724 Masterpiece Road, Lake Wales, Fl 33898

Residential Property - Single Family Residence in Lake Wales

Listing Price: $585,000Days on Market: 86

Description of Property

Lake Starr Property with Endless Possibilities! New Price! Discover a rare opportunity to own 3.39 acres of lakefront living on the shores of Lake Starr. This exceptional property features buildding 1 (Main House) 3 bedroom, 2 bath home offering stunning lake views and even a view of Bok Tower! The spacious open living and dining area are great for entertaining. You’ll also enjoy a split bedroom layout, and charming pine hardwood floors. Recent upgrades include updated windows and doors, rewired electric, Hardie board siding, and additional insulation. New roof (2024) and new pump for well (2025) In addition to the main home, the property includes a versatile accessory dwelling with a guest suite upstairs, a 2 bedroom/1 bath apartment downstairs, plus a shared recreation room complete with a sitting area, ping pong, pool table, sauna, full bath, and an open patio overlooking the lake and tennis court. For your cars, boat, camper or toys there’s a 24’ x 40’ three-bay detached garage/workshop with plenty of storage. This property is ideal for a family compound, multigenerational living, or as an income-producing investment property. Conveniently located near shopping, dining, and medical facilities, it combines privacy with accessibility. Close to Legoland and Winter Haven. Don’t miss this one-of-a-kind lakefront opportunity!The average asking price for a 3 bedroom/2 bath single family residence in this Zip code is $369,982. This single family residence is listed at about 158% of the average asking price. There are 3 3 bedroom/2 bath homes between $450,000 and $750,000 currently listed for sale in this Zip code. See other listings like this one »