Charming lakefront living on beautiful Lake Belle awaits with this unique property featuring a 2-bedroom, 1-bath main home as well as a detached rental unit which is a 1-bedroom, 1-bath with its own kitchen, offering exceptional flexibility for guests, extended family, a private retreat, or potential rental income. The main home is filled with character and features original hardwood flooring throughout, warm wood-paneled walls, exposed timber ceilings, abundant natural light, beautiful pine ceiling room, a comfortable living room, and a cozy kitchen. The two bedrooms are bright and inviting, with a convenient Jack-and-Jill bathroom providing access between the bedrooms.A screened-in front porch provides a peaceful space to relax and enjoy the surrounding greenery. The main home has been COMPLETELY REPLUMBED, features UPDATED ELECTRICAL, and has a 2021 ROOF. The DETACHED UNIT HAS BEEN REFRESHED WITH NEW FLOORING AND NEW BATHROOM EQUIPPED WITH A MINI SPLIT AC INSTALLED IN 2022. The property is served by public water and septic, including separate systems for the main home, guest house, and camping area, plus an additional septic near the shed. Outside, enjoy the beauty of direct LAKE BELLE FRONTAGE, mature trees, peaceful water views, and spectacular sunsets that make this property truly special. A CIRCULAR DRIVEWAY provides convenient access to the two structures, while the spacious grounds offer plenty of room to enjoy the outdoors. Ideally situated along S Scenic Highway, this property combines a peaceful lakefront lifestyle with convenient access to downtown Lake Wales, local shopping and dining, Bok Tower Gardens, nature trails, scenic lakes, and major Central Florida roadways. With two separate living spaces, extensive updates, multiple septic systems, and beautiful Lake Belle frontage, this property offers a rare combination of charm, versatility, and waterfront living.

1120 S Scenic Highway, Lake Wales South

Listing courtesy of KELLER WILLIAMS REALTY SMART 1. 863-508-3000

$299,999

TB8525074 MLS

Under contract-accepting backup offers. Excellent investment opportunity in the heart of Lake Wales! This fully occupied (with one vacant unit ready for lease or owner use) 4-unit multifamily property offers immediate income potential with value-add upside. The property consists of four separate units with a desirable tenant mix. Unit 1 is leased through October 17, Units 2 and 4 are on month-to-month leases, providing flexibility for future rent adjustments, and Unit 3 is currently vacant, making it ideal for an owner-occupant or to lease at current market rates. Conveniently located near shopping, dining, schools, and major roadways, this property is well-positioned for long-term rental demand. Whether you're looking to expand your investment portfolio or start generating rental income, this multifamily property offers a great combination of cash flow, flexibility, and future potential. Property is occupied, please do not approach the property without coordinating with LA.

130 D Street Unit 1,2,3,4, Lake Wales South

Listing courtesy of MERIDIAN RESIDE. 727-777-6676

$749,000

6 Beds ⋅ 12 Baths ⋅ K4903360 MLS

Exceptional 11-Unit Income Opportunity with Strong Rental Appeal! Don’t miss this unique mixed-unit multifamily property offering a versatile unit mix designed to attract a wide range of tenants and help minimize vacancies. With all 11 units currently occupied and long-term leases in place, this property provides immediate and stable income for the savvy investor. Ideally located with convenient access to schools, shopping, medical facilities, and major travel routes including Hwy 27 and SR 60, tenants enjoy easy north/south/east/west commuting—making this a highly desirable rental location. Recent improvements include a new roof and new septic drainfield, offering added peace of mind and reduced near-term capital expenses. Whether you’re expanding your portfolio or seeking your first solid, income-producing asset, this property checks all the boxes. Private showings are now being scheduled—secure your opportunity today!

315 Ridge Manor Drive, Lake Wales South

Listing courtesy of LEGACY REAL ESTATE CENTER INC. 863-676-0200

$305,000

2 Beds ⋅ 3 Baths ⋅ L4957271 MLS

Reduced price! Motivated seller! High-Yield Turnkey Triplex with 2024 Upgrades! Investors, seize this rare income-producing asset generating $3,000 in gross monthly revenue with an exceptionally low expense profile. Situated on a spacious 0.31-acre lot, this property offers the perfect blend of density and privacy across two solid brick residential buildings. Major 2024 Capital Upgrade: A Brand New Roof was installed across the property in 2024, providing years of worry-free ownership. Both primary buildings are equipped with Central AC to ensure maximum tenant comfort and retention. The Layout:425 E Sessoms Ave: A standalone 1-bedroom, 1-bathroom cottage (685 sq ft) featuring a private 90 sq ft finished screened porch and a classic fireplace. 427 E Sessoms Ave (Front): A private 1-bedroom, 1-bathroom suite with its own dedicated front entrance and porch. 427 E Sessoms Ave (Rear): A secluded private studio with a separate side/rear entrance for ultimate tenant privacy. Bonus Value: A detached large storage building at the rear includes an on-site laundry room, a high-demand amenity that adds significant utility. Built with common brick exterior walls, this property is designed for low-maintenance, long-term performance. With an annual gross income of $36,000 and minimal overhead, this "Cash Cow" is ready for Day 1 operations. Schedule your showing today!

425 E Sessoms Avenue, Lake Wales South

Listing courtesy of BHHS FLORIDA PROPERTIES GROUP. 863-701-2350

$380,000

7 Beds ⋅ 7 Baths ⋅ O6344998 MLS

Pre-Construction. To be built. Own two gorgeous homes for the price of one! Live in a gorgeous, brand-new construction, spacious 3bed 2bath single family home and rent out your back 2bed 1bath accessory dwelling unit to generate monthly income. Purchase with instant equity. Buildings are estimated to be completed by January 2026. Area is quickly developing. Relax on your outside patio. Imagine what your friends will think when you buy this beauty! Don't miss this amazing opportunity to own this gem to call yours.

315 Dorsett Avenue, Lake Wales South

Listing courtesy of BEYCOME OF FLORIDA LLC. 844-239-2663

$1,650,000

K4903016 MLS

Truly rare opportunity to own a piece of Lake Wales History and the painstaking task of historic preservation has already been done! Built in 1915, the J.T. Rhodes Building was one of the first two brick-and-mortar buildings in Lake Wales. The City owes its origin to the building, where the villagers gathered upstairs in what was then the Masonic Hall on the night of April 27, 1917 to sign a petition to the Legislature for the issuance of a city charter. The Legislature responded by incorporating the City, whose charter was signed into law by Governor Sidney J. Catts on May 28, 1917. This amazing piece of architecture is home to one of the few mixed-use buildings in downtown. Downstairs are 2 commercial suites, with long term tenants in place! Upstairs you will find 4 well-appointed and thoughtfully designed apartments! All of the apartments have in unit laundry, modern kitchens with all new appliances, original hardwood flooring, timeless baths, spacious rooms and high ceilings... all while maintaining the historic character & charm! The completion of this building is perfectly timed with the revitalization of downtown Lake Wales, the property is positioned at the heart of the city's walkable new streetscape - complete with brick paved streets, lush park-like settings and a growing calendar of community events! The City is in the process of designating downtown Lake Wales an Arts, Cultural & Entertainment (ACE) District which will provide an environment welcoming growth and promoting prosperity! The investment in this renovation and historic preservation is unmatched, with no detail overlooked. The goal was to preserve this piece of history for the next 100 years and every decision was made with that long term vision.... An invaluable gift to the person lucky enough to be the new owner, entrusted with the legacy of the J. T. Rhodes building!

244 E Park Avenue, Lake Wales South

Listing courtesy of LEGACY REAL ESTATE CENTER INC. 863-676-0200

$1,650,000

6 Beds ⋅ 10 Baths ⋅ K4903012 MLS

Truly rare opportunity to own a piece of Lake Wales History and the painstaking task of historic preservation has already been done! Built in 1915, the J.T. Rhodes Building was one of the first two brick-and-mortar buildings in Lake Wales. The City owes its origin to the building, where the villagers gathered upstairs in what was then the Masonic Hall on the night of April 27, 1917 to sign a petition to the Legislature for the issuance of a city charter. The Legislature responded by incorporating the City, whose charter was signed into law by Governor Sidney J. Catts on May 28, 1917. This amazing piece of architecture is home to one of the few mixed-use buildings in downtown. Downstairs are 2 commercial suites, with long term tenants in place! Upstairs you will find 4 well-appointed and thoughtfully designed apartments! All of the apartments have in unit laundry, modern kitchens with all new appliances, original hardwood flooring, timeless baths, spacious rooms and high ceilings... all while maintaining the historic character & charm! The completion of this building is perfectly timed with the revitalization of downtown Lake Wales, the property is positioned at the heart of the city's walkable new streetscape - complete with brick paved streets, lush park-like settings and a growing calendar of community events! The City is in the process of designating downtown Lake Wales an Arts, Cultural & Entertainment (ACE) District which will provide an environment welcoming growth and promoting prosperity! The investment in this renovation and historic preservation is unmatched, with no detail overlooked. The goal was to preserve this piece of history for the next 100 years and every decision was made with that long term vision.... An invaluable gift to the person lucky enough to be the new owner, entrusted with the legacy of the J. T. Rhodes building!

244 E Park Avenue, Lake Wales South

Listing courtesy of LEGACY REAL ESTATE CENTER INC. 863-676-0200

$299,900

4 Beds ⋅ 4 Baths ⋅ L4944606 MLS

***HUGE PRICE REDUCTION***Looking for an investment opportunity look no further! This triplex also has a detached unit and is nestled on an oversized lot in the heart of Lake Wales just minutes from downtown. The front unit has 1 bedroom and 1 bathroom and is nearly 500 living sq. ft. The rear unit also has 1 bedroom and 1 bathroom with nearly 500 living sq. ft. The third unit is a studio that is roughly 400 living sq. ft. The detached unit has 2 bedrooms and 1 bathroom and is just over 600 sq. ft. All units are occupied with the monthly rents totaling $3,995.00 and an annual gross income of $47,940.00. So call today to get in on the action before this amazing opportunity slips away!

26 W Polk Avenue, Lake Wales South

Listing courtesy of KELLER WILLIAMS REALTY SMART 1. 863-508-3000

Lake Wales South Florida Multi-Family for Sale

Lake Wales South Florida Multi-Family