$799,000
1854 Highland Park Drive
Lake Wales, FL 33898
Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
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!)
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history749 days on market
- Status: ActiveJan 21, 2026
- Listed$899,000Mar 20, 2024
- Price reduced$799,000
Virtual Tour
Facts & features
- Property type
- Residential Income
- Sub type
- Multi-Family 5+
- Status
- Active
- Days on market
- 749
- Subdivision
- Highland Park Sub
- County
- Polk
- Year built
- 1923
- Living area
- 4,264 sq ft
- Price/sq ft
- $187
- Building area
- 4,660 sq ft (Public Records)
- Lot size
- 43,085 sq ft
- Lot category
- 1/2 to less than 1
- Flood zone
- X (12105C0735G)
- Annual taxes
- $12,067 (2025)
- Parcel #
- 27-30-13-927000-000690
- Zoning
- R-2
- MLS #
- K4902471
Interior Details
- Bedrooms
- 6
- Flooring
- Carpet, Ceramic Tile, Wood
- Appliances
- Dryer, Electric Water Heater, Range, Range Hood, Refrigerator, Washer
- Interior features
- Ceiling Fans(s), Living Room/Dining Room Combo, Split Bedroom
- Laundry
- Common Area, Inside, Laundry Room
- Stories / Levels
- Two
Heating & Cooling
- Heating
- Baseboard, Electric
- Cooling
- Wall/Window Unit(s)
Parking
- Attached garage
- No
HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
- HOA name
- 863 289-7459
- CDD
- No
- Min lease term
- No Minimum
- Listing terms
- Cash, Conventional
- Ownership
- Fee Simple
- Available for lease
- Yes
- Lease restrictions
- No
Exterior & Construction
- Exterior features
- Outbuildings, Balcony, Other, Rain Gutters, Storage
- Construction materials
- Stucco, Frame
- Roof
- Other, Shingle
- Foundation
- Slab
- Waterfront
- Yes
- Water access
- Yes
- Water view
- Yes
- Road surface
- Asphalt
Utilities
- Sewer
- Septic Tank
- Water source
- Private
- Utilities
- Cable Available, Electricity Connected, Water Connected
Community
- Pets allowed
- Yes
Listing Details
- Listing date
- 2024-03-19
- On market date
- 2024-03-20
- Original list price
- $899,000
- Occupant type
- Tenant
- MLS area
- 33898 - Lake Wales
- Listing AOR
- Lake Wales
- Status changed
- 2026-01-21
- Tax legal description
- HIGHLAND PARK SUB PB 4 PG 70 S13 T30 R27 IN SEC 24 T30 R27 IN SEC 18 T30 R28 IN SEC 19 T30 R28 LOT 69 & ST SOUTH OF SAME & RIPARIAN RIGHTS
Flood risk
Minimal-risk area outside the mapped floodplain. Flood insurance is optional and typically low-cost.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
Directions
From Lake Wales, travel south on Scenic Hwy, turn left into Village of Highland Park, road forks, stay right. Continue through neighborhood keeping right, property is on the right side of the road.
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Listings courtesy of Stellar MLS as distributed by MLS GRID
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information submitted to the MLS GRID as of May 27, 2026 at 5:53 PM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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