Skip to main contentSkip to navigation
1 / 83
Images
Map
Street

Residential Land with Home for Sale in Lake Wales, Florida

724 Masterpiece Rd, Lake Wales, FL 33898

$649,000
3.39 acres
Active
$38k drop
Est $3,533/mo

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!

1,461
Sq feet
3
Beds
2
Full baths
1949
Built

Location

Street address
724 Masterpiece Rd
Community
Craig W J Resub
Elevation
145 feet
Coordinates
27.9616, -81.5834

Directions

Hwy 27 South from Winter Haven. Turn left at traffic light onto Chalet Suzanne Rd. go thru next traffic light continue straight onto Masterpiece Rd. property will be on your right.

Property details

Acreage
3.39 acres
MLS #
MFRMLS P4936209
Posted

Property taxes

2024
$4,238

Parcels

  • 27-29-14-860610-001050

Legal description

Details and features

Listing

Type
Residential
Subtype
Single Family Residence
Franchise
Coldwell Banker Real Estate

Lot

Waterfront
Lake Front, Waterfront

Exterior

Parking
Garage
Structures
Tennis Court(s)
Features
Paved, Tennis Court(s)

Structure

Heating
Central, Electric
Cooling
Central Air
Materials
Frame, Hardi Plank Type
Roof
Shingle

Interior

Room Count
6
Rooms
Bathroom x 2, Bedroom x 3, Dining Room, Kitchen, Living Room
Flooring
Carpet, Ceramic Tile, Tile, Vinyl, Wood
Appliances
Dryer, Range, Refrigerator
Features
Open Floorplan, Primary Bedroom Main Floor

Listing history

DateEventPriceChangeSource
Oct 24, 2025Price drop$649,000$38,000 -5.5%MFRMLS
Sept 15, 2025New listing$687,000MFRMLS
Subscribe to listing updates

Payment calculator

This 3.39-acre property is located at 724 Masterpiece Rd in Lake Wales, FL 33898. The property is available for sale for $649,000. It has a 1,461 sq ft 3 bedroom, 2 bath house built in 1949.

Checked 57 mins ago — Updated

Report listing issue

Copyright (C) 2025 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Contact listing agent Message rules
By submitting, I agree to the terms of use and to be contacted by real estate professionals. Message and data rates may apply.
Contact