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Listed by COLDWELL BANKER REALTY

Status: Active

724 Masterpiece Rd 
Lake Wales, FL 33898

$687,000

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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!
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Bedrooms
3
Baths
2
House Size
1,461 sqft
Year Built
1949
Lot Size
3.39 ac

Location

Market Insights

In the last 30 days, homes for sale in 33898, Lake Wales, FL were on the market for a median of 67 days and 0% of homes sold above list price.

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Interior Information

appliances
Dryer
Electric Water Heater
Range
Range Hood
Refrigerator
Washer
basement
Crawl Space
cooling
Central Air
features
Open Floorplan
flooring
Carpet
Ceramic Tile
Vinyl
Wood
heating
Central
Electric
laundry features
Inside
Laundry Room
view
Lake
Water

Exterior Information

features
Tennis Court(s)
patio and porch
Deck
Patio
road surface
Paved
roof
Shingle

Property Information

construction
Hardiplank Type
Frame
lot
Cleared
Paved
Waterfront
other structures
Guest House
Shed(s)
Tennis Court(s)
parking
Garage Faces Side
Parking Pad
sewer
Septic Tank
subdivision name
Craig W J Resub
utilities
Electricity Connected
Water Connected
water source
Private
Well
  • Listed By Julie Seay
  • (863) 294-7541
  • COLDWELL BANKER REALTY
  • (863) 294-7541
  • scott.gearhart@floridamoves.com
  • MLS P4936209

Monthly Payments Calculator

Estimated Monthly Cost

$4,392

30 year fixed·6.9% interest rate
Principal & Interest
$3,620
Property Taxes
$573
Home Insurance
$200
HOA Fees
$0
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*All calculations are estimates and provided for informational purposes only. Actual amounts may vary.
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