$566,000
724 Masterpiece Road
Lake Wales, FL 33898
Listing updated: June 8, 2026 at 2:15 PM ET
Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Garage spaces
Flood zone
About this home
Under contract-accepting backup offers. 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!
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 history174 days on market
- Status: PendingJun 8, 2026
- Listed$687,000Sep 15, 2025
- Price reduced$566,000
Facts & features
- Property type
- Residential
- Sub type
- Single Family Residence
- Status
- Pending
- Days on market
- 174
- Subdivision
- Craig W J Resub
- County
- Polk
- Year built
- 1949
- Living area
- 1,461 sq ft
- Price/sq ft
- $387
- Lot size
- 147,625 sq ft
- Lot category
- 2 to less than 5
- Flood zone
- X (12105C0555H)
- Garage
- 3 spaces
- Annual taxes
- $4,238 (2024)
- Parcel #
- 27-29-14-860610-001050
- MLS #
- P4936209
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Interior Details
- Bedrooms
- 3
- Full bathrooms
- 2
- Flooring
- Carpet, Ceramic Tile, Vinyl, Wood
- Appliances
- Dryer, Electric Water Heater, Range, Range Hood, Refrigerator, Washer
- Interior features
- Open Floorplan, Primary Bedroom Main Floor
- Laundry
- Inside, Laundry Room
- Stories / Levels
- One
- Direction faces
- North
Heating & Cooling
- Heating
- Central, Electric
- Cooling
- Central Air
Parking
- Garage spaces
- 3
- Attached garage
- No
- Parking features
- Garage Faces Side, Parking Pad
HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
- CDD
- No
- Homestead exemption
- Yes
- Min lease term
- No Minimum
- Listing terms
- Cash, Conventional
- Ownership
- Fee Simple
- Available for lease
- Yes
- Lease restrictions
- No
Exterior & Construction
- Exterior features
- Tennis Court(s)
- Construction materials
- HardiPlank Type, Frame
- Roof
- Shingle
- Foundation
- Crawlspace
- Waterfront
- Yes
- Water view
- Yes
- Road surface
- Paved
Utilities
- Sewer
- Septic Tank
- Water source
- Well
- Utilities
- BB/HS Internet Available, Electricity Connected, Water Connected
Room Details
| Room | Level | Dimensions |
|---|---|---|
| Living Room | First | 17x15 |
| Dining Room | First | 17x9 |
| Kitchen | First | 11.5x9 |
| Primary Bedroom | First | 15x14 |
| Bedroom 2 | First | 12x13 |
| Bedroom 3 | First | 14x14 |
Listing Details
- Listing date
- 2025-07-01
- On market date
- 2025-09-15
- Original list price
- $687,000
- Occupant type
- Owner
- MLS area
- 33898 - Lake Wales
- Listing AOR
- East Polk
- Status changed
- 2026-06-08
- Tax legal description
- CRAIG W J RESUB PB 10 PG 39 IN SEC 14 T29 R27 LOTS 105 & 106 LESS HWY & LESS BEG AT INTER OF E LOT LINE OF LOT 106 & S R/W OF SR 17-A RUN S 21 DEG 45 MIN 02 SEC W ALONG LOT LINE 327.80 FT S 79 DEG 13 MIN 29 SEC W 96.90 FT N 17 DEG 20 MIN 38 SEC E 331 .24 FT TO RD R/W ELY ALONG R/W 115.20 FT CONT ALONG R/W 5.35 FT TO POB
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
Hwy 27 South from Winter Haven. Turn left at traffic light onto Chalet Suzanne Rd. go thru next traffic light continue straight onto Masterpiece Rd. property will be on your right.
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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 June 8, 2026 at 2:15 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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