4924 WASHINGTON STREET
Lake Wales, FL, 33859 $ 200,000
Bedrooms4 Baths3.0 Sq 2,400 Monthly Estimate*
$ 1,231
for $200,000 with 4 bedrooms and 3 full baths. This 2,400 square foot home was built in 1958 on a lot size of 0.21.
Investor Special: 4 Bedroom / 3 Bathroom Diamond in the Rough with Attached ADU – Lake Wales Opportunity! Calling all investors, flippers, & buy-and-hold buyers! Discover this solid concrete block home at 4924 Washington Street, Lake Wales, FL 33859—a true diamond in the rough ready for your vision & TLC to restore its shine & deliver strong ROI. Set on a spacious corner lot with great spacing from neighbors, this unique property features 4 bedrooms & 3 full bathrooms overall: 3 bedrooms / 2 bathrooms in the main residence plus a fully attached accessory dwelling unit (ADU) with its own private 1 bedroom, 1 bathroom, kitchen, living area, tile floors, & separate walk-out entrance to the backyard—perfect for multi-generational living, an in-law suite, or separate rental income potential. The main home offers an inviting open floor plan: Enter into a bright living room with high ceilings, abundant windows for natural light, & a convenient bar area. The space flows into a large open kitchen with included appliances (stainless steel LG refrigerator, LG stainless steel oven/range, white Samsung microwave) & tile flooring. A flexible room off the kitchen provides excellent options as a pantry, office, or extra storage. The owner's bedroom enjoys plenty of natural light from its windows & connects to a private bathroom, with the included blue Samsung washer/dryer set nearby (easily adaptable into a dedicated laundry area). Two guest bedrooms share a full bathroom with tiled shower. Outside, enjoy the huge screened-in lanai, wraparound driveway, covered carport, & a fully fenced backyard (solid white vinyl fencing) complete with a storage shed. The oversized lot offers room to breathe in this quiet, rural setting—just blocks from beautiful Crooked Lake (one of Polk County's largest public lakes at over 4,000 acres), providing nearby recreation without any flood zone concerns. Conveniently located near Warner University for potential student rental demand, with easy access to town, Bok Tower Gardens, & more. This home has good bones & was clearly well-loved by its original owner. With thoughtful updates to bring it to today's standards, it could stand out as a top property in the neighborhood—whether you rehab & flip for profit, renovate & hold as a rental (main house + income-generating ADU for excellent cash flow), or explore other creative uses, the potential is unlimited. Sold strictly AS-IS with right to inspect—seller has limited knowledge of the property. Bring your tools & ideas—this rare find with character, space, & location awaits the savvy investor! Schedule your showing today.
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FeaturesGeneralSewer Public Sewer
Heating Central
Cooling Central Air
Utilities BB/HS Internet Available Cable Available Public
Roof Metal
Appliances Dryer Range Refrigerator Washer
Construction Materials Block
Year Built 1958
Levels One
Property Subtype Single Family Residence
Tax Year 2025
Ownership Fee Simple
County Polk
New Construction false
Property Type Residential
Subdivision Name SOUTH LAKE WALES UNIT 1 PB 41 PG 39
Facing Direction East
Garage Y/N false
Total Rooms 8
Full Baths 3
Status Active
Directions State road 60 to highway 27 south. Make a right onto Jackson St. make a left onto Washington St. Corner is down on the right side on a corner lot
City LAKE WALES
Senior Community Y/N false
MLS Area 33859 - Lake Wales
Lot Size Units Square Feet
Lot Size Square Feet 9247
Carport Spaces 1
Carport Y/N true
Land Lease Y/N false
Tax Annual Amount 3693
Additional Parcels Y/N false
Lease Considered Y/N true
Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8475925
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Occupancy Type Vacant
Legal Description SOUTH LAKE WALES UNIT 1 PB 41 PG 3
Minimum Lease No Minimum
Water Access Y/N false
ILS Total SQFT 500
ILS Under Air SQFT 478
Water View Y/N false
Flood Zone Code X
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InteriorInterior Amenities Living Room/Dining Room Combo
Flooring Carpet Ceramic Tile
Furnished Y/N Unfurnished
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Half Baths 0
Laundry Features Inside
Total Bedrooms 4
Total Baths 3
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ExteriorExterior Amenities Lighting
Fencing Vinyl
Water Source Public
Lot Size Area 9247
Foundation Details Slab
Building Area Total 2541
Lot Size Acres 0.21
Road Surface Type Concrete
Private Pool false
Waterfront Y/N false
Covered Spaces 1
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* Excluded FeaturesList ByFlorida Executive Realty 2Broker
tommaso@floridaexecutiverealty.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $1,231
- Monthly Property Taxes
- $308
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Lake Wales, FL
Average List Price $400,062
Percent of Sale Price 100%
About Lake Wales, FL 15,820 Population
28% Since 2002
$ 38,450 Median Income
39.85 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 2/20/2026 | $200,000 | -13.04% | Price Down |
| 2/13/2026 | $230,000 | | Listed Price |