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Land with Home for Sale in Lake Wales, Florida

724 Masterpiece Rd, Lake Wales, FL 33898

$566,000
3.39 acres
Pending sale
Under contract

Under contract-accepting backup offers. Lake Starr Property with Endless Possibilities! New Price! Discover a rare opportunity to own 3.39 acres of lakefront living on the shores of Lake Starr. This exceptional property features buildding 1 (Main House) 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 accessory dwelling with a guest suite 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
Zip code
33898
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

View
Lake, Water
Waterfront
Lake Front
Features
Cleared, In County, Paved

Exterior

Parking
Garage
Pool
Deck, Patio
Structures
Guest House
Features
Tennis Court(s)

Structure

Stories
1
Water
Well
Sewer
Septic Tank
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
Flooring
Carpet, Tile-Ceramic, Vinyl, Wood
Appliances
Dryer, Electric Water Heater, Range, Range Hood, Refrigerator, Washer
Features
Open Floorplan, Primary Bedroom Main Floor

Listing history

DateEventPriceChangeSource
June 8, 2026Under contract$566,000MFRMLS
May 7, 2026Price drop$566,000$19,000 -3.2%MFRMLS
Mar 9, 2026Back on market$585,000MFRMLS
Dec 11, 2025Under contract$649,000MFRMLS
Oct 24, 2025Price drop$649,000$38,000 -5.5%MFRMLS
Sept 15, 2025New listing$687,000MFRMLS
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This 3.39-acre property is located at 724 Masterpiece Rd in Lake Wales, FL 33898. The property is pending sale. It has a 1,461 square foot 3-bedroom, 2-bath house built in 1949.

Listed by Coldwell Banker Realty, (863) 294-7541

Checked 2 hours agoUpdated Source

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