Residential Property - Single Family Residence in Lake Wales
Listing Price: $435,000
Description of Property
Owner motivated! Central Florida lakefront property totaling 1.6+ acres of high and dry land, no HOA, and more than 300 feet of lake frontage across two parcels. This unique investment opportunity includes a 0.88-acre homesite featuring a spacious 2,200+ sqft residence that is prime for renovation plus an adjoining 0.77-acre lot—both overlooking the peaceful waters of Lake Lee. Perfect for investors, nature lovers, outdoor enthusiasts, hobbyists, business owners, or anyone needing space for boats, RVs, equipment, or vehicles, this property offers privacy, room to grow, and endless potential. A private drive leads to a once-thriving lakefront retreat now ready for updates and customization. Inside, the home features an expansive floorplan with oversized rooms throughout. The main level opens to a large great room with a wood-burning stone fireplace, soffit lighting, and plenty of space for entertaining and everyday living. The kitchen provides abundant cabinetry, generous counter space, and an easy flow into the dining area. The oversized primary suite includes a walk-in closet and private bath with walk-in shower and makeup vanity. A split guest suite with its own walk-in closet and full bath offers comfort and privacy, while the laundry room completes the main floor. The lower level, with a private entrance, expands the possibilities with a large bonus room, office, and flexible storage/bedroom space—ideal for multi-generational living, hobbies, or even a home-based business. Parking and storage are unmatched, with a two-car garage plus a two-car covered carport, offering ideal space for vehicles, boats, trailers, or recreational equipment. Major system updates add peace of mind: new AC (2018, motor 2024), new roof (2023), and new well tank and pump (2025). Outdoors, the property embodies quiet, natural Florida living. Lake Lee is known for great fishing, abundant wildlife, peaceful waters, and dramatic sunsets—an ideal setting for relaxation or adventure. The acreage sits high and dry above flood zones for added security. Located just minutes from Hwy 27, this property provides the perfect balance of seclusion and convenience, with easy access to shopping, dining, medical facilities, schools, and a short drive to Tampa, Orlando, Disney attractions, and Florida’s east and west coast beaches. With acreage, privacy, no HOA, lakefrontage, and tremendous upside, this is a one-of-a-kind property nearly impossible to replicate.
Property Details At A Glance
Property Type: Residential
Property Use or Sub Type: Single Family Residence
City: Lake Wales
County: Polk
Subdivision: Waverly
Bedrooms: 3
Bathrooms: 2
Sq. Ft. Gross: 2,896
Sq. Ft. Living Area: 2,288
Cost per (heated) sqare foot: $190
Year built: 1977
Annual Tax: $3,813
Taxes and fees can change periodically, and other fees may apply. Please check with your Realtor for more details.
Appliances: Range
Fireplace: Yes
Fireplace Features: Living Room
Window Features: Double Pane Windows
Additional Rooms: Inside Utility
Flooring: Tile
Pool & Waterfront Info
Private Pool: Not specified
Water Front: Yes
Water Frontage: Lake Front
Water Access: Yes
Water Access Type: Lake
Water Name: LAKE LEE
Exterior & Construction
Architectural Style: Other
Construction: Block
Foundation: Basement
Roof: Shingle
Exterior Features: Sliding Doors
Garage: Yes
Garage Spaces: 2
Carport: Yes
Carport Spaces: 2
Parking Features: Garage Faces Side
Floors in Unit: Two
Cooling: Central Air
Heating & Fuel: Electric
Electric:
Patio & Porch Features: Rear Porch
Security Features:
Other Structures:
View: Water
Fencing:
Sewer: Septic Tank
Water Source: Well
Lot Information
Lot Features: In County
Lot Size (acres): 1.63
Lot Size (sq. ft.): 71,002 square feet
Front Exposure: West
Additional Parcels: Yes
Additional Parcels Description: 27-29-10-859000-014022
Legal Description & Other Information
Financing Available: Conventional
Parcel Number: 272910859000014011
Zoning: RC
Pets Allowed/Pet Policies: Yes
Tax Legal Desc.: WAVERLY PB 3 PG 7 IN SEC 3/9 T29 R27 PT OF BLK 14 LOT 1 DESC AS FOLL: COMM SE COR LOT 1 W 418.71 FT TO POB N 175.15 FT W 158.03 FT TO W LINE LOT 1 S 03 DEG 26 MIN 25 SEC E 178.10 FT TO SW COR LOT 1 E 148.53 FT TO POB & STRIP OF LAND LYING W OF ABOVE BETWEEN LK LEE & LEE BLVD
Section: 10
Range: 27
Listing courtesy of THE STONES REAL ESTATE FIRM. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.

