
Residential Land with Home for Sale in Lake Wales, Florida
724 Masterpiece Rd, Lake Wales, FL 33898
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!
Location
- Street address
- 724 Masterpiece Rd
- County
- Polk County
- Community
- Craig W J Resub
- Elevation
- 145 feet
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
CRAIG W J RESUB PB 10 PG 39 IN SEC 14 T29 R27 LOTS 105 & 106 LESS HWY & LESS BEG AT INTER OF E LOT LINE OF LOT 106 & S R/W OF SR 17-A RUN S 21 DEG 45 MIN 02 SEC W ALONG LOT LINE 327.80 FT S 79 DEG 13 MIN 29 SEC W 96.90 FT N 17 DEG 20 MIN 38 SEC E 331 .24 FT TO RD R/W ELY ALONG R/W 115.20 FT CONT ALONG R/W 5.35 FT TO POB
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
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Oct 24, 2025 | Price drop | $649,000 | $38,000 -5.5% | MFRMLS |
| Sept 15, 2025 | New listing | $687,000 | — | MFRMLS |


















































































