Active1854 HIGHLAND PARK DRIVE
LAKE WALES, FL 33898
About this home
PRICE IMPROVEMENT!! Unique opportunity to own a true LAKEFRONT 6 unit income property! With 100 feet of frontage on Lake Easy and a large one acre lot, this 4660+ square foot Multi-Family property has something to offer for everyone. Located in the quaint village of Highland Park, this location features a community park, walkable streets for afternoon or morning strolls, old growth and mature landscaping everywhere with that nostalgic feeling of a true neighborhood. Access to Lake Easy provides both fishing and recreation with its sandy bottom and panoramic views. This one-of-a-kind property is a must see to appreciate. All units have leases in place with a total monthly income generating approx. $6850. There are two 2 bedroom/2 bath downstairs units, both lakefront; two upstairs 1 bedroom/1 bath units, both lakefront; and 2 studio units, with no lakefront views. Most units have been recently updated, with only 1 unit needing to be refreshed when there is a tenant turnover (which is rare!)
Facts & features
Interior
- Bedrooms
- 6
- Bathrooms
- 8
- Living area
- 4,264 sqft
- Heating
- Baseboard, Electric
- Cooling
- Wall/Window Unit(s)
- Flooring
- Carpet, Ceramic Tile, Wood
- Features
- Ceiling Fans(s), Living Room/Dining Room Combo, Split Bedroom
- Appliances
- Dryer, Electric Water Heater, Range, Range Hood, Refrigerator, Washer
Exterior & lot
- Lot size
- 43,085 sqft (0.99 ac)
- Waterfront
- Yes
- Roof
- Other, Shingle
- Construction
- Stucco, Frame
- Exterior
- Outbuildings, Balcony, Other, Rain Gutters, Storage
Financial
- Annual tax
- $12,067 (2025)
- Price / sqft
- $187/sqft
Utilities
- Water
- Private
- Sewer
- Septic Tank
- Utilities
- Cable Available, Electricity Connected, Water Connected
Property
- Property type
- Multi-Family
- Year built
- 1923
- Subdivision
- HIGHLAND PARK SUB
- County
- Polk
Listing
- Status
- Active
- Days on market
- 814 days
- MLS #
- MFR720828854
- Source
- Stellar MLS
Listed by Dolores Vogel · LEGACY REAL ESTATE CENTER INC
Listing data provided by Stellar MLS. Information deemed reliable but not guaranteed.
Estimate your monthly cost
PITI + HOA- Principal & interest
- $4,040/mo
- Property tax
- $1,006/mo
- Home insurance
- Left out until you enter a quote
Opens at 20% down over 30 years at 6.5%, the same assumptions as the answers below. Property tax is this listing's own 2025 bill. Insurance is left out until you enter a quote, because Florida premiums turn on roof age, elevation and carrier. Every field is editable.
Ask about this property
Answered from this listing’s own figures and the sales around it.
Price history
From the property’s MLS record.
| Date | Event | Price | Change |
|---|---|---|---|
| Jul 31, 2026 | Price reduced | $799,000 | −$100,000 |
| Mar 19, 2024 | Listed | $899,000 | — |
Neighbourhood
The schools below come from the MLS record for this home. Walking, transit and cycling figures for LAKE WALES, FL are not connected yet, so this page does not show them.
Location
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