724 MASTERPIECE RD, LAKE WALES, FL, 33898
$687,000
Residential
|
Bedrooms
3
|
Bathrooms
2
|
Living Area
1,461 Sqft
|
Lot Size
147,625 Sqft
|
Lake Starr Property with Multiple Dwellings & Endless Possibilities!
Discover a rare opportunity to own 3.39 acres of lakefront living on the shores of Lake Starr. This unique property features a 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 guest dwelling with multiple rental options: a fully furnished studio apartment 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!
Property Details
| Property Features | Property Features | |||
|---|---|---|---|---|
| MLS ID: | MFRP4936209 | Year Built: | 1949 | |
| Appliances: | Dryer, Electric Water Heater, Range, Range Hood, Refrigerator, Washer | Construction Materials: | HardiPlank Type, Frame | |
| Cooling: | Central Air | Country: | US | |
| County Or Parish: | Polk | Direction Faces: | North | |
| Exterior Features: | Tennis Court(s) | Flooring: | Carpet, Ceramic Tile, Vinyl, Wood | |
| Foundation Details: | Crawlspace | Heating: | Central, Electric | |
| Laundry Features: | Inside, Laundry Room | Levels: | One | |
| Listing Agreement: | Exclusive Right To Sell | Listing Terms: | Cash, Conventional | |
| Lot Features: | Cleared, In County, Paved | Occupant Type: | Owner | |
| Other Structures: | Guest House, Shed(s), Tennis Court(s) | Parking Features: | Garage Faces Side, Parking Pad | |
| Patio And Porch Features: | Deck, Patio | Property Sub Type: | Single Family Residence | |
| Property Type: | Residential | Road Surface Type: | Paved | |
| Roof: | Shingle | Sewer: | Septic Tank | |
| Showing Requirements: | Appointment Only, Listing Agent Must Accompany, Lock Box Electronic, ShowingTime | Special Listing Conditions: | None | |
| Standard Status: | Active | State Or Province: | FL | |
| Utilities: | BB/HS Internet Available, Electricity Connected, Water Connected | Vegetation: | Mature Landscaping | |
| View: | Water | Water Source: | Well | |
| Waterfront Features: | Lake Front | |||
| Rooms | Rooms | |||
|---|---|---|---|---|
| Living Room: | 17x15 ft | Dining Room: | 17x9 ft | |
| Kitchen: | 11.5x9 ft | Primary Bedroom: | 15x14 ft | |
| Bedroom 2: | 12x13 ft | Bedroom 3: | 14x14 ft | |
We love to hear from you