Opportunity knocks with this potential family compound or income-generating oasis. Discover the rare and versatile potential of 836 S Lake Starr Blvd in Lake Wales, FL, a unique multi-structure property nestled on a beautiful and serene piece of Central Florida highland. Surrounded by large parcels that protect your privacy and peacefulness, this one-of-a-kind property offers not one, but three separate living quarters, making it the perfect project for investors, handy homeowners, or anyone with a vision to restore and reimagine. A one-story home, built in 1936, offers timeless architectural charm with a traditional layout that includes 2 bedrooms, 1 bathroom, a formal dining room, family room, spacious kitchen, and enclosed Florida room. Original hardwood floors, vintage trim work, and large windows give you a strong canvas for transformation. This residence is ready for restoration and holds incredible potential for a primary residence, short-term rental, or long-term investment. Next to the main house sits a detached two-story apartment building that features two separate 1-bedroom, 1-bath units—one on the ground level and one upstairs. Each unit has its own kitchen and living area, ideal for generating rental income or housing extended family. Whether you're planning to live in one unit and rent out the others, or you're looking to establish a full income-producing property, the possibilities here are wide open. In addition to the living spaces, the property includes a large workshop, a cook shed, and multiple outbuildings for storage, hobbies, or future creative use. The workshop has ample space for tools, materials, and project overflow—perfect for a contractor, craftsman, or collector. The screened cook shed is ideal for weekend BBQs and outdoor entertaining. A charming stone firepit courtyard surrounded by mature landscaping adds to the rustic appeal. This property sits high on the hills around Lake Starr, offering elevated views, breezes, and a countryside feel that’s increasingly hard to find. While you'll enjoy peace and quiet, you're still conveniently located near everyday essentials, shopping, schools, and healthcare in the heart of Lake Wales—a city that maintains its small-town charm but offers all the necessary modern conveniences. This is a cash-only purchase due to the condition, but for the right buyer with vision, tools, and elbow grease, this is a golden opportunity to create something truly special. Renovate for profit, create a legacy property for your family, or establish a private homestead compound with built-in income potential. Let your imagination run wild—this is the kind of place that, once brought back to life, can become a generational treasure. Come explore 836 S Lake Starr Blvd today, and bring your contractor, your sketchbook, and your dreams. Fortune favors the brave, schedule your appointment today! Schedule a Private Showing

Listing courtesy of STELLAR_MLS / THE STONES REAL ESTATE FIRM

Last checked: Checking… • Last updated Jun 25, 2025 • Source: STELLAR_MLS

MLS# P4935236 — Report a problem