130 RIBBON PKWY, LAKE WALES, FL, 33898
$375,000
Residential
|
Bedrooms
5
|
Bathrooms
5
|
Living Area
2,374 Sqft
|
Lot Size
15,533 Sqft
|
Discover the versatility and income potential of this unique 5-bedroom, 5-bathroom lakefront home on peaceful Lake Starr. Spanning across multiple living areas, the property includes a detached 1-bedroom, 1-bath guest house with lake views, full kitchen, and living space—currently tenant-occupied for rental income. The main residence is thoughtfully divided into flexible sections, perfect for multigenerational living or investment opportunities. A private in-law suite with its own entrance, full bath, and kitchenette is connected to the home— also currently tenant-occupied for rental income., while an additional bedroom also features its own separate entrance, kitchenette, and private bath—ideal for rental or guest use. The main living area includes 3 bedrooms, 3 full bathrooms, an oversized living room, and a bonus room that can serve as a home office, playroom, or extra bedroom. Enjoy tranquil lakefront living with direct access to Lake Starr—ideal for paddleboarding, kayaking, fishing, and canoeing. Located just north of Downtown Lake Wales, this home is close to US-27, offering quick commutes to nearby cities and attractions. With its multi-unit setup, serene views, and flexible layout, this property is perfect for homeowners seeking passive income, investors, or families needing space and privacy.
Property Details
| Property Features | Property Features | |||
|---|---|---|---|---|
| MLS ID: | MFRO6319957 | Year Built: | 1922 | |
| Appliances: | Dishwasher, Range, Range Hood, Refrigerator | Construction Materials: | Vinyl Siding, Frame | |
| Cooling: | Central Air | Country: | US | |
| County Or Parish: | Polk | Direction Faces: | North | |
| Exterior Features: | Lighting, Storage | Fencing: | Chain Link | |
| Fireplace Features: | Wood Burning | Flooring: | Ceramic Tile, Wood | |
| Foundation Details: | Crawlspace, Slab | Heating: | Central, Electric | |
| Laundry Features: | Inside, Laundry Room | Levels: | Multi/Split | |
| Listing Agreement: | Exclusive Right To Sell | Listing Terms: | Cash, Conventional, FHA, USDA Loan, VA Loan | |
| Lot Features: | In County | Occupant Type: | Owner | |
| Other Structures: | Guest House, Shed(s), Storage | Patio And Porch Features: | Covered, Deck, Patio, Porch, Rear Porch | |
| Pets Allowed: | Yes | Property Sub Type: | Single Family Residence | |
| Property Type: | Residential | Road Responsibility: | Public Maintained Road | |
| Road Surface Type: | Paved | Roof: | Metal | |
| Sewer: | Septic Tank | Showing Requirements: | 24 Hour Notice, ShowingTime | |
| Special Listing Conditions: | None | Standard Status: | Active | |
| State Or Province: | FL | Utilities: | Cable Available, Cable Connected, Electricity Available, Electricity Connected, Phone Available, Private, Public, Water Available, Water Connected | |
| Vegetation: | Mature Landscaping | View: | Water | |
| Water Source: | Well | Waterfront Features: | Lake Front | |
| Window Features: | Blinds | |||
| Rooms | Rooms | |||
|---|---|---|---|---|
| Dining Room: | 12x11 ft | Kitchen: | 14x12 ft | |
| Bedroom 3: | 12x12 ft | Living Room: | 20x23 ft | |
| Bonus Room: | 12x13 ft | Bedroom 2: | 13x14 ft | |
| Primary Bedroom: | 14x16 ft | |||
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