Listing Details for MLS # P4936735
403 E Johnson Avenue, Lake Wales, Fl 33853

Residential Property - Single Family Residence in Lake Wales

Listing Price: $165,000Days on Market: 1

Description of Property

Investor Special in Lake Wales – ideal for a flip, rental, or your next DIY project! This super cute 3 bedroom, 2 bath concrete block bungalow is loaded with potential and brimming with character. Perfectly situated on a spacious corner lot in the heart of historic Lake Wales, this property offers a great opportunity to add value in a community that’s seeing renewed energy and growth. Step inside to find a bright and inviting Florida room filled with natural light, glass décor shelving, and peaceful views of the tree-shaded yard. The home’s living spaces retain the timeless character of the era with textured plaster walls, original glass French doors, and even an old-fashioned stove that adds a touch of nostalgia (and yes, there’s definitely central heat and air!). The cozy great room offers plenty of space for relaxing or entertaining, while the functional kitchen provides ample cabinetry, generous prep space, and lots of windows to keep the space cheerful and bright. Two comfortably sized bedrooms are located on one side of the home, with the third bedroom toward the back featuring a private en-suite bath with shower and convenient hanging space in the adjoining laundry area. The screened back porch is perfect for relaxing or entertaining, offering a peaceful spot to enjoy morning coffee or evening breezes. The fenced backyard provides space for gardening or play, while the shed adds storage and the carport offers protected parking. Notable updates include a 2024 Rheem water heater, 2022 Carrier A/C system, 2013 double-pane windows, 2005 roof, and Square D breaker panel. This home also benefits from city water and sewer connections, making it a great foundation for a renovation. Beyond the property itself, this home’s location is what truly shines. Downtown Lake Wales has recently been revitalized and is now bustling with boutique shops, locally owned restaurants, coffee houses, and vibrant gathering spots that capture the town’s historic charm and welcoming small-town feel. Spend your weekends exploring the local farmers markets, community festivals, and live music events that fill the town’s active social calendar. Just minutes away, you’ll find the world-famous Bok Tower Gardens—a serene landmark surrounded by lush gardens, walking trails, and year-round events. For those who love the outdoors, stroll down to Lake Wailes to take in the tranquil views and get your daily dose of exercise on the 4.5-mile walking and biking trail that meanders along the lake’s edge. Surrounded by natural beauty, culture, and small-town character, this charming bungalow offers both lifestyle and investment potential in one of Central Florida’s most picturesque communities. Schedule your showing today and imagine the possibilities!The average asking price for a 3 bedroom/2 bath single family residence in this Zip code is $264,077. This single family residence is listed at about 62% of the average asking price. There are 2 3 bedroom/2 bath homes between $100,000 and $200,000 currently listed for sale in this Zip code. See other listings like this one »