$303,900
1047 / 1049 Captiva Point
Lakeland, FL 33801
Listing updated: May 26, 2026 at 8:26 AM ET
Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
Lake View Investor Special – Full Rehab Opportunity! Duplex property (both sides) ready for renovation and priced accordingly. This is a true value-add opportunity for investors looking to bring a property back to life and maximize rental income or resale potential. Property is vacant and will require a full renovation, making it ideal for experienced investors or contractors seeking their next project. Strong rental demand in the area supports long-term income potential once improvements are completed. Conveniently located near shopping, dining, and major roadways, with easy access to downtown Lakeland. Bring your vision and unlock the potential this property has to offer.
Local Insight
At $133/sqft for a 4-bed duplex with water views, you're getting solid value compared to Lakeland's median, but the 1979 build means you should budget for potential updates—electrical, plumbing, and roof condition matter in a property this age, especially in AE flood zone where insurance costs can bite. The duplex format gives you rental upside if you want to owner-occupy one unit, though you'll want to verify the income potential and any lease restrictions before committing. Location-wise, Secret Cove is a quieter residential pocket, so you're trading some of downtown Lakeland's walkability for a more suburban feel with lake access.
AI-generated insight based on listing data and neighborhood context. Verify independently.
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 history39 days on market
- Status: ActiveApr 17, 2026
- Listed$303,900Apr 17, 2026
- Price increased$303,900
Facts & features
- Property type
- Residential Income
- Sub type
- Duplex
- Status
- Active
- Days on market
- 39
- Subdivision
- Secret Cove Sub
- County
- Polk
- Year built
- 1979
- Living area
- 2,278 sq ft
- Price/sq ft
- $133
- Building area
- 2,662 sq ft (Public Records)
- Lot size
- 15,851 sq ft
- Lot category
- 1/4 to less than 1/2
- Flood zone
- AE
- Annual taxes
- $4,007 (2025)
- Parcel #
- 24-28-22-000000-021096
- Zoning
- RES
- MLS #
- L4961126
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Interior Details
- Bedrooms
- 4
- Appliances
- Range
- Interior features
- Other
- Laundry
- Other
Heating & Cooling
- Heating
- Central
- Cooling
- Central Air
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
- Additional lease restrictions
- No known lease restrictions. Buyer's and/or Buyer's Agent to verify all restrictions with the City of Lakeland or Polk County.
Exterior & Construction
- Exterior features
- Lighting
- Construction materials
- Block, Concrete
- Roof
- Shingle
- Foundation
- Slab
- Water view
- Yes
- Road surface
- Paved
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- BB/HS Internet Available, Cable Available, Electricity Available, Phone Available, Public, Sewer Available, Underground Utilities, Water Available
Community
- Pets allowed
- Yes
Schools
Letter grades: Florida DOE 2024–25 school grades (Orange, Seminole, Lake, Osceola, Brevard). Assigned schools from the listing agent — verify enrollment with the district.
Listing Details
- Listing date
- 2026-04-17
- On market date
- 2026-04-17
- Original list price
- $303,900
- Occupant type
- Vacant
- MLS area
- 33801 - Lakeland
- Listing AOR
- Sarasota - Manatee
- Status changed
- 2026-04-17
- Tax legal description
- BEG SE COR NE1/4 OF SE1/4 RUN W 976.1 FT N 295.91 FT FOR POB RUN W 263.01 FT N 60 FT E 263.01 FT S 60 FT TO POB BEING LOT 62 OF UNRE SECRET COVE
Flood risk
FEMA Special Flood Hazard Area (1% annual-chance / “100-year” floodplain). Flood insurance is generally required by mortgage lenders.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
Directions
From Highway 92 (Memorial Blvd): Head south on Reynolds Road. Turn right (west) onto Ned Engle Boulevard near the Food Mart. Turn right onto Pirates Way. Turn left onto Buccaneer Drive, proceed onto Captiva Point, the 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 May 26, 2026 at 8:26 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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