130 Ribbon Parkway, Lake Wales, FL 33898
Local realty services provided by:Better Homes and Gardens Real Estate Thomas Group
Listed by:daniel betancourt
Office:exp realty llc.
MLS#:O6319957
Source:MFRMLS
Price summary
- Price:$385,000
- Price per sq. ft.:$126.35
About this home
Discover the versatility and income potential of this unique 5-bedroom, 5-bathroom lakefront home on peaceful Lake Starr. Spanning across multiple living areas, the property includes a detached 1-bedroom, 1-bath guest house with lake views, full kitchen, and living space—currently tenant-occupied for rental income. The main residence is thoughtfully divided into flexible sections, perfect for multigenerational living or investment opportunities. A private in-law suite with its own entrance, full bath, and kitchenette is connected to the home— also currently tenant-occupied for rental income., while an additional bedroom also features its own separate entrance, kitchenette, and private bath—ideal for rental or guest use. The main living area includes 3 bedrooms, 3 full bathrooms, an oversized living room, and a bonus room that can serve as a home office, playroom, or extra bedroom. Enjoy tranquil lakefront living with direct access to Lake Starr—ideal for paddleboarding, kayaking, fishing, and canoeing. Located just north of Downtown Lake Wales, this home is close to US-27, offering quick commutes to nearby cities and attractions. With its multi-unit setup, serene views, and flexible layout, this property is perfect for homeowners seeking passive income, investors, or families needing space and privacy.
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Home facts
- Year built:1922
- Listing ID #:O6319957
- Added:72 day(s) ago
- Updated:October 11, 2025 at 11:52 AM
Rooms and interior
- Bedrooms:5
- Total bathrooms:5
- Full bathrooms:5
- Living area:2,374 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central, Electric
Structure and exterior
- Roof:Metal
- Year built:1922
- Building area:2,374 sq. ft.
- Lot area:0.36 Acres
Schools
- High school:Lake Wales Senior High
- Middle school:Mclaughlin Middle
- Elementary school:Janie Howard Wilson Elem
Utilities
- Water:Public, Water Available, Water Connected, Well
- Sewer:Private, Public, Septic Tank
Finances and disclosures
- Price:$385,000
- Price per sq. ft.:$126.35
- Tax amount:$2,298 (2024)
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