$1,650,000

244 Park Avenue

Lake Wales, FL 33853

Active
6
Beds
10
Baths
8,480
Sq Ft
0.12
Acres
1915
Built
Fireplace$195/sqft360° tour
🏠Multi-Family 5+

Property type

🏗️1915

Year built

📐5,401 sqft

Lot size

📊$195

Price / sq ft

🏘️No HOA

HOA dues

📅220

Days on market

🌊X

Flood zone

About this home

Truly rare opportunity to own a piece of Lake Wales History and the painstaking task of historic preservation has already been done! Built in 1915, the J.T. Rhodes Building was one of the first two brick-and-mortar buildings in Lake Wales. The City owes its origin to the building, where the villagers gathered upstairs in what was then the Masonic Hall on the night of April 27, 1917 to sign a petition to the Legislature for the issuance of a city charter. The Legislature responded by incorporating the City, whose charter was signed into law by Governor Sidney J. Catts on May 28, 1917. This amazing piece of architecture is home to one of the few mixed-use buildings in downtown. Downstairs are 2 commercial suites, with long term tenants in place! Upstairs you will find 4 well-appointed and thoughtfully designed apartments! All of the apartments have in unit laundry, modern kitchens with all new appliances, original hardwood flooring, timeless baths, spacious rooms and high ceilings... all while maintaining the historic character & charm! The completion of this building is perfectly timed with the revitalization of downtown Lake Wales, the property is positioned at the heart of the city's walkable new streetscape - complete with brick paved streets, lush park-like settings and a growing calendar of community events! The City is in the process of designating downtown Lake Wales an Arts, Cultural & Entertainment (ACE) District which will provide an environment welcoming growth and promoting prosperity! The investment in this renovation and historic preservation is unmatched, with no detail overlooked. The goal was to preserve this piece of history for the next 100 years and every decision was made with that long term vision.... An invaluable gift to the person lucky enough to be the new owner, entrusted with the legacy of the J. T. Rhodes building!

Estimated monthly payment

Principal & interest$8,343
Property taxes$725
Home insurance (est.)$756

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 history220 days on market

  1. Status: Active
    Jul 18, 2025
  2. Listed$1,650,000
    Jul 18, 2025
  3. Price increased$1,650,000

Virtual Tour

Facts & features

Property type
Residential Income
Sub type
Multi-Family 5+
Status
Active
Days on market
220
Subdivision
Lake Wales
County
Polk
Year built
1915
Living area
8,480 sq ft
Price/sq ft
$195
Lot size
5,401 sq ft
Lot category
0 to less than 1/4
Flood zone
X (12105C0565H)
Annual taxes
$8,697 (2025)
Parcel #
27-30-01-883000-028020
Zoning
C-1
MLS #
K4903012

Interior Details

Bedrooms
6
Flooring
Tile, Wood
Appliances
Dishwasher, Disposal, Dryer, Gas Water Heater, Microwave, Range, Refrigerator, Washer
Interior features
Ceiling Fans(s), Elevator, High Ceilings, Walk-In Closet(s)
Laundry
Inside
Fireplace
Yes

Heating & Cooling

Heating
Central
Cooling
Central Air

Parking

Parking features
On Street

HOA & Financial

Total monthly fees
$0/mo
Total annual fees
$0
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
Lighting, Other, Sidewalk
Construction materials
Brick
Roof
Built-Up
Foundation
Slab
Road surface
Asphalt

Utilities

Sewer
Public Sewer
Water source
Public
Utilities
BB/HS Internet Available, Cable Available, Electricity Connected, Natural Gas Connected, Public, Sewer Connected, Water - Multiple Meters, Water Connected

Listing Details

Listing date
2025-07-16
On market date
2025-07-18
Original list price
$1,650,000
MLS area
33853 - Lake Wales South
Listing AOR
Lake Wales
Status changed
2025-07-18
Tax legal description
LAKE WALES PB 1 PG 88A 88B S1&2 T30 R27 BLK 28 LOTS 2 & 3

Flood risk

Minimal riskFEMA Zone XPanel 12105C0565H

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 Hwy 27, turn east onto Central Ave, turn left onto Scenic Hwy, turn left onto Park Ave, second building on the left.

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MLS GRID

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 February 23, 2026 at 4:20 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.

Ryan Solberg, Broker · MaxLife Realty LLC · FL License #BK3354351 · Equal Housing Opportunity · Full disclaimer · DMCA