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$440,000

724 Central Avenue

Winter Haven, FL 33880

Listing updated: June 5, 2026 at 7:06 AM ET

Active

Listing courtesy of Real Broker, Llc · Miraya Lane, PA · MLS #O6342320 · Active · 855-450-0442

Beds

Baths

3,015

Sq Ft

0.21

Acres

1930

Built

◆$146/sqft◆360° tour

Multi-Family 5+

Property type

1930

Year built

8,943 sqft

Lot size

$146

Price / sq ft

No HOA

HOA dues

156

Days on market

Flood zone

About this home

Great investment opportunity! Tenant-occupied property in a central location with strong rental demand. Short sale subject to lender approval. Sold as-is, no repairs. Do not disturb tenants. No seller/creative financing.

Local Insight

At $146/sqft for a 1930s multi-family on just 0.21 acres in a no-HOA lakefront community, you're looking at solid cash-flow potential if the units rent, but you'll want a structural engineer's deep dive on a 94-year-old building—deferred maintenance on pre-1950 construction can hide serious costs. The location's real value is lakefront access in Winter Haven's Chain of Lakes system at a fraction of what you'd pay on the Butler Chain, which works well for STR or long-term rentals if the property has lake views or dock rights, but verify those amenities since the lot is tight. This is a value play for investors comfortable with older multi-family renovation, not a turnkey opportunity.

AI-generated insight based on listing data and neighborhood context. Verify independently.

Estimated monthly payment

Principal & interest$2,225

Property taxes$657

Home insurance (est.)$202

Down payment

20%

$88,000 downRate

6.5%

Term

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 history156 days on market

Status: Active
Mar 25, 2026
Listed$510,000
Sep 8, 2025
Price reduced$440,000

Facts & features

Property type: Residential Income
Sub type: Multi-Family 5+
Status: Active
Days on market: 156
Subdivision: Lake Add
County: Polk
Year built: 1930
Living area: 3,015 sq ft
Price/sq ft: $146
Lot size: 8,943 sq ft
Lot category: 0 to less than 1/4
Flood zone: x
Annual taxes: $7,880 (2024)
Parcel #: 26-28-29-632000-004050
Zoning: RP
MLS #: O6342320

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Interior Details

Bedrooms: 5
Interior features: Other
Laundry: Inside, None

Heating & Cooling

Heating: Central, Ductless
Cooling: Central Air, Mini-Split Unit(s), Wall/Window Unit(s)

HOA & Financial

Total monthly fees: $0/mo
Total annual fees: $0
CDD: No
Listing terms: Cash, Conventional, Private Financing Available
Ownership: Fee Simple

Exterior & Construction

Exterior features: Private Mailbox, Sidewalk
Construction materials: Stucco, Frame, Wood Siding
Roof: Shingle
Foundation: Block, Crawlspace
Road surface: Asphalt

Utilities

Sewer: Public Sewer
Water source: Public
Utilities: Cable Available, Cable Connected, Electricity Available, Private

Listing Details

Listing date: 2025-09-06
On market date: 2025-09-08
Original list price: $510,000
MLS area: 33880 - Winter Haven/Eloise/JPV/Wahnetta
Listing AOR: Orlando Regional
Status changed: 2026-03-25
Tax legal description: LAKE ADD DB Q PG 529 BLK 4 LOTS 5 & E 20 FT OF 6

Flood risk

Minimal riskFEMA Zone X

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

Turn right onto 8th street SW, Turn left, Property is on the left

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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 5, 2026 at 7:06 AM 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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