1. Florida
  2. Lake Wales
  3. 724 MASTERPIECE ROAD
$687,000

724 MASTERPIECE ROAD, Lake Wales, FL 33898

  • 3 beds |
  • 2 baths |
  • 1,461 sqft
  • Property Icon Single-Family Home
  • Property Year Built Icon Built in 1949
  • Property Lot Size Icon3.39acre lot
  • Property Parking Icon 3 car garage
  • Property Price Per Square Feet Icon $470/sqft
  • Property List Date Icon Listed 2 months ago

Property Description

Lake Star Property with Multiple Dwellings & Endless Possibilities! Discover a rare opportunity to own 3.39 acres of lakefront living on the shores of Lake Star. 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!

Listing Status:
Active
Date Added:
September 15, 2025 at 05:00AM
Listing Office:
COLDWELL BANKER REALTY : 863-294-7541
Listing Agent:
Julie Seay : 863-287-1093
MLS ID:
P4936209
  • General: Open FloorplanPrimary Bedroom Main Floor
  • Rooms: Inside Utility
  • Appliances: DryerElectric Water HeaterRangeRange HoodRefrigeratorWasher
  • Laundry: InsideLaundry Room
  • Flooring: CarpetCeramic TileVinylHardwood
  • A/C: Central Air
  • Heating: CentralElectric

This listing courtesy of Julie Seay, COLDWELL BANKER REALTY

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

J

Janie Howard Wilson School

306 Florida Ave, Lake Wales, FL, 33853

Grades PK-5

3.10 miles away

V

Victory Ridge Academy

501 Burns Ave, Lake Wales, FL, 33853

Grades PK-12

3.24 miles away

L

Lake Wales Senior High School

1 Highlander Way, Lake Wales, FL, 33853

Grades 9-12

3.11 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.