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Active · Multi-Family

1854 HIGHLAND PARK DRIVE

LAKE WALES, FL 33898

Beds
6 beds
Baths
8 baths
Area
4,264 sqft
Multi-FamilyBuilt 192343,085 sqft lotBaseboard, ElectricWall/Window Unit(s)$187/sqft883 days on market

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
Estimated monthly payment$5,046/mo
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.

DateEventPriceChange
Jul 31, 2026Price reduced$799,000−$100,000
Mar 19, 2024Listed$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.

Elementary school
Not listed
Not named in the MLS record for this home
Middle school
Not listed
Not named in the MLS record for this home
High school
Not listed
Not named in the MLS record for this home

Location

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