Listing Details for MLS # P4938166
5026 N Socrum Loop Road, Lakeland, Fl 33809

Residential Property - Single Family Residence in Lakeland

Listing Price: $410,000Days on Market: 3

Description of Property

Rare Lake Gibson Waterfront Opportunity – Priced to Sell As-Is. Don't miss this incredible chance to own a direct waterfront home on the highly sought-after Lake Gibson in Lakeland, FL! This spacious ranch-style home sits on a large lot with direct lake frontage, and unobstructed panoramic views of one of Polk County's most popular ski lakes — a view you simply can't replicate at this price point. The big-ticket items are already done — the roof and AC are only 4 years old, saving the next owner thousands right out of the gate. The seller has also already invested $15,000 in demo work — flooring, kitchen, fireplace, and rear landscaping have been cleared — giving you a true clean slate to design and finish this home exactly the way you want it. Exposed concrete floors run throughout, original wood beam ceilings add character to the main living areas, and the layout offers great functionality throughout. Multiple sliding glass doors open directly toward the water, flooding the home with natural light and lake breezes from every angle. Whether you're an investor, flipper, or a buyer ready to build their dream lakefront retreat, this property checks every box. Bring your contractor and your imagination — the hard part is already done. Financing: Cash, Conventional, and Rehab (203k/renovation) loans accepted. All buyers must be pre-approved through our preferred lender prior to showing (buyer may use any lender of their choice). Cash buyers must provide proof of funds. Sold strictly As-Is. Seller will make no repairs. Call today — Lake Gibson waterfront properties at this price point do not last!The average asking price for a 3 bedroom/2 bath single family residence in this Zip code is $384,909. This single family residence is listed at about 107% of the average asking price. There are 36 3 bedroom/2 bath homes between $300,000 and $500,000 currently listed for sale in this Zip code. See other listings like this one »