IF YOU ARE SEEING THIS ADVERTISEMENT IN YOUR HOME SEARCH, IT IS CURRENTLY AVAILABLE. Please read the full advertisement carefully first before inquiring. This property is located in Lake Wales, Florida. It is quick access to routes 17, 27 and Florida 60 anytime of the day without traffic jams. Fixer upper home for rent is $2500 per month plus security deposit (or) the property can be purchased with owner help financing (if needed). Meaning to hold private papers. Cash sales are always welcome too. If interested in purchasing the home, the purchase price is $349,900. However, you are required to show proof of funds from your banking institution before entering my cash sale contract which has no contingency whatsoever - except for (30) days time to close the transaction. Investors who operate under Florida LLC company, your downpayment is non refundable if using hard money. So please make sure your hard money lender will commit and approve "the amount" you intended to borrow. This home is being rented or sold "AS IS" in its current condition entirely. The renter or buyer may conduct any necessary inspection at their own cost before renting or purchasing the property. However, such inspection is NOT contingent upon deciding to rent or purchase the property after a signed contract. Because this property is being rented or sold "as is its current condition entirely" as mentioned above. At the owner's discretion (for renters only), the owner may consider splitting the cost if any inspection is performed and most importantly, if the renter ends up renting the home despite the repairs for the full lease term. To be clear, the owner will not pay for any home repairs whatsoever. The lease term will be for (2) years with option to renew if needed. If you also want to purchase the home at the same time which is known as (lease purchase sale), that can be done as well. If a serious buyer/renter has a different plan, the owner is open to hearing it to consider if trustworthy respectfully. The owner never lived in this home which is for sale. The owner makes no warranty to this property whatsoever. The buyer will receive a seller property disclosure on the purchase sale in compliance with law. This lavish contemporary style home is one of a kind in Lake Wales Florida away from the hustle and bustle of gridlock traffic, yet convenient to shops, grocery stores, restaurants, schools, post office, a medical center and major highways all in the same city and much more. This property consists of more than 4500 square feet and situated on a third of an acre. This fixer upper home has (3) bedrooms by county record plus (2) other large finished rooms which can also be used as bedrooms totaling (5) bedrooms. The home has (3) full size baths which need updates. The fixer upper home comes with a super large living room; a super large dining room; a very large den room; a super large library room with built-in book shelves; a full size kitchen plus an office space room with separate entrance on the second floor overlooking the driveway with distant views. The front door entrance to the home which is facing west has extra class doors opening on both sides to the front door for extra sunlight and fresh air into the home. The front door opens into a super large foyer entrance. This home also has a very large covered side porch to the house facing north with very faraway views. The fixer upper home comes with a built-in oversize inground pool (conveniently located inside the house for anytime of the day luxury) which is about (20 feet wide by 30 feet long). The home comes with a burning logs fireplace for cold Florida nights during northern winter frigid air. The home also comes with a wet bar plus a super large area to entertain welcome party guests. There are several exit entrances to the home. The roof appears to be old and the age is unknown. It is one layer of asphalt shingles from observation. A small portion of the "roof ridge cap" is missing from the last hurricane winds "over the indoor pool area" where water drips down from rain "into the swimming pool" only. This home is located on a private road and has a very large circular driveway with (2) twenty feet wide front gates on wheels. This home is advertised as a (repair fixer upper) for rent or to purchase. The offer is a once in a lifetime opportunity to own or rent. To any first time home buyer who may not have a large down payment for purchase, this is for you. To someone who wants a fresh start in life, this is for you. To self-employed people who may not whatsoever qualify for conventional borrowing or for any other reason that is not mentioned here, this is for you. THERE IS NO CREDIT CHECK, NO INCOME CHECK AND NO BACKGROUND CHECK. However, you must prove that you have the ability to pay plus show you have some type of money in hand to start the repairs. Renter insurance is required. If purchased with owner help to finance, homeowner insurance is required. Do not miss this golden opportunity. There is no other chance like this one out there in the market.
It is a (2) year lease term with the option to renew. Please read the full listing description first for details. Keep in mind, this is a fixer upper rental which the tenant is responsible to make all the repairs to the rented home at their cost. The $2000 rent per month is already reduced from the actual rent cost of $2700 per month. The credit for the (2) year lease term is $24,000 for the entire term. There is no rent increase during the two year lease term. However, (under the seller strict lease terms), If the lessee breached "any point" in the lease terms, the seller credit of $24,000 off the purchase price is forfeited. No EXCEPTION !
House for rent
$2,500/mo
Fees may apply
1882 Banks Rd, Lake Wales, FL 33898
5beds
4,500sqft
Price may not include required fees and charges. Price shown reflects the lease term provided. Learn more|
Single family residence
Available now
Cats, small dogs OK
Central air
Hookups laundry
Off street parking
Forced air
What's special
Burning logs fireplaceBuilt-in oversize inground poolOffice space roomVery large den roomWet barSuper large dining roomSuper large foyer entrance
- 136 days |
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Zillow last checked: 9 hours ago
Listing updated: February 02, 2026 at 11:49am
Travel times
Looking to buy when your lease ends?
Consider a first-time homebuyer savings account designed to grow your down payment with up to a 6% match & a competitive APY.
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Dishwasher, WD Hookup
- Laundry: Hookups
Features
- WD Hookup
- Flooring: Carpet, Hardwood, Tile
Interior area
- Total interior livable area: 4,500 sqft
Property
Parking
- Parking features: Off Street
- Details: Contact manager
Features
- Exterior features: Bicycle storage, Heating system: Forced Air
- Has private pool: Yes
- Pool features: Pool
Details
- Parcel number: 282930937640022604
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Community & HOA
HOA
- Amenities included: Pool
Location
- Region: Lake Wales
Financial & listing details
- Lease term: Rent to Own
Price history
| Date | Event | Price |
|---|---|---|
| 1/3/2026 | Price change | $2,500+25%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/29/2025 | Listed for rent | $2,000 |
Source: Zillow Rentals Report a problem | ||
| 10/22/2025 | Listing removed | $2,000 |
Source: Zillow Rentals Report a problem | ||
| 10/9/2025 | Listed for rent | $2,000 |
Source: Zillow Rentals Report a problem | ||
| 11/30/2022 | Listing removed | -- |
Source: Owner Report a problem | ||
Neighborhood: 33898
Nearby schools
GreatSchools rating
- 2/10Spook Hill Elementary SchoolGrades: PK-5Distance: 2.5 mi
- 1/10Mclaughlin Middle School And Fine Arts AcademyGrades: 6-10Distance: 3.4 mi
- 3/10Bartow Senior High SchoolGrades: 9-12Distance: 18.3 mi

