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For sale
    • Price cut: $64K (3/9)
    $585,000

    724 Masterpiece Rd, Lake Wales, FL 33898

    3beds
    1,461sqft
    : 
    Single Family Residence
    Built in 1949
    3.39 Acres Lot
    $-- Zestimate®
    $400/sqft
    $-- HOA

    What's special

    Lakefront livingTennis courtFully furnished studio apartmentStunning lake viewsView of bok towerPing pongShared recreation room
    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!
    183 days
    |
    550
    |
    22
    |

    Zillow last checked: 7 hours ago

    Listing updated: March 09, 2026 at 01:45pm

    Listing Provided by:

    Julie Seay 863-287-1093,

    COLDWELL BANKER REALTY 863-294-7541

    Source: Stellar MLS,MLS#: P4936209MLS LogoOriginating MLS: East Polk

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 2
      • Full bathrooms: 2
      Rooms
      • Room types: Utility Room
      Primary bedroom
      • Features: En Suite Bathroom, Shower No Tub, Dual Closets
      • Level: First
      • Area: 210 Square Feet
      • Dimensions: 15x14
      Bedroom 2
      • Features: Built-in Closet
      • Level: First
      • Area: 156 Square Feet
      • Dimensions: 12x13
      Bedroom 3
      • Features: Built-in Closet
      • Level: First
      • Area: 196 Square Feet
      • Dimensions: 14x14
      Dining room
      • Level: First
      • Area: 153 Square Feet
      • Dimensions: 17x9
      Kitchen
      • Level: First
      • Area: 103.5 Square Feet
      • Dimensions: 11.5x9
      Living room
      • Level: First
      • Area: 255 Square Feet
      • Dimensions: 17x15
      Heating
      • Central, Electric
      Cooling
      • Central Air
      Appliances
      • Included: Dryer, Electric Water Heater, Range, Range Hood, Refrigerator, Washer
      • Laundry: Inside, Laundry Room
      Features
      • Open Floorplan, Primary Bedroom Main Floor
      • Flooring: Carpet, Ceramic Tile, Vinyl, Hardwood
      • Has fireplace: No
      Interior area
      • Total structure area: 1,461
      • Total interior livable area: 1,461 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 3
      • Parking features: Garage Faces Side, Parking Pad
      • Garage spaces: 3
      • Has uncovered spaces: Yes
      • Details: Garage Dimensions: 24x40
      Features
      • Levels: One
      • Stories: 1
      • Patio & porch: Deck, Patio
      • Exterior features: Tennis Court(s)
      • Has view: Yes
      • View description: Water, Lake
      • Has water view: Yes
      • Water view: Water,Lake
      • Waterfront features: Lake Front, Skiing Allowed
      • Body of water: LAKE STARR
      Lot
      • Size: 3.39 Acres
      • Dimensions: 180 x 471
      • Features: Cleared, In County
      • Residential vegetation: Mature Landscaping
      Details
      • Additional structures: Guest House, Shed(s), Tennis Court(s)
      • Parcel number: 272914860610001050
      • Special conditions: None

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • HardiPlank Type, Wood Frame (FSC Certified)
      • Foundation: Crawlspace
      • Roof: Shingle
      Condition
      • New construction: No
      • Year built: 1949

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Well
      • Utilities for property: BB/HS Internet Available, Electricity Connected, Water Connected

      Community & HOA

      Community
      • Subdivision: CRAIG W J RESUB
      HOA
      • Has HOA: No
      • Pet fee: $0 monthly
      Location
      • Region: Lake Wales

      Financial & listing details

      • Price per square foot: $400/sqft
      • Tax assessed value: $506,450
      • Annual tax amount: $4,237
      • Date on market: 9/15/2025
      • Cumulative days on market: 95 days
      • Listing terms: Cash,Conventional
      • Ownership: Fee Simple
      • Total actual rent: 0
      • Electric utility on property: Yes
      • Road surface type: Paved
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        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        Price history
        DateEventPrice
        3/9/2026Price change$585,000-9.9%$400/sqft
        Source: Stellar MLS #P4936209 Report a problem
        12/10/2025Pending sale$649,000$444/sqft
        Source: Stellar MLS #P4936209 Report a problem
        10/23/2025Price change$649,000-5.5%$444/sqft
        Source: Stellar MLS #P4936209 Report a problem
        9/15/2025Listed for sale$687,000+587%$470/sqft
        Source: Stellar MLS #P4936209 Report a problem
        5/30/1997Sold$100,000$68/sqft
        Source: Public Record Report a problem

        Public tax history

        Public tax history
        YearProperty taxesTax assessment
        2024$2,986 +3.3%$260,145 +6.8%
        2023$2,890 +7.9%$243,673 +6.6%
        2022$2,678 +21.6%$228,490 +15.1%
        2021$2,202 +6.9%$198,447 +6.2%
        2020$2,061 +1.3%$186,853 +3.4%
        2019$2,035 -28.3%$180,764 +2.2%
        2018$2,840 +2.7%$176,842 +0.4%
        2017$2,764 +43.3%$176,179 +5.3%
        2016$1,929 -0.8%$167,285 +4.6%
        2015$1,945 -18.2%$159,856 +4.5%
        2014$2,378 +35%$152,958 +4.8%
        2013$1,761 +16.7%$146,002 +7.4%
        2012$1,509 -8.5%$135,926 -5.4%
        2011$1,650 -28.8%$143,702 -18.5%
        2009$2,319 -9%$176,219 -12%
        2008$2,548 $200,140
        2007-- --
        2006$2,842 --
        2005-- --
        2004$1,487 +2.4%--
        2003$1,452 +0.7%$112,144 +2.4%
        2002$1,442 +2.1%$109,516 +1.6%
        2001$1,413 $107,791

        Find assessor info on the county website

        BuyAbility℠ payment

        Est. payment
        $3,638/mo
        Principal & interest
        $2887
        Property taxes
        $751
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          Climate risks

          Neighborhood: 33898

          Getting around

          5 / 100
          Car-Dependent
          15 / 100
          Somewhat Bikeable

          Nearby schools

          GreatSchools rating

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