130 RIBBON PARKWAY Lake Wales, FL $ 369,990
130 RIBBON PARKWAY
$ 369,990
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130 RIBBON PARKWAY

Lake Wales, FL, 33898
$ 369,990
Baths0.0 Sq 2,154

Monthly Estimate*

$ 2,278

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Studio

Multi-Family Home for sale in Lake Wales, FL

for $369,990. This 2,154 square foot home was built in 1922 on a lot size of 0.36.

Exceptional income-producing waterfront property on peaceful Lake Starr with two private in-law suites — a rare feature few properties offer. This unique property includes a spacious main residence, a detached cottage, and a in-law suite with its own entrance and full privacy — ideal for multigenerational living, extended guests, or rental income. The first in-law suite is a private, attached upstairs suite featuring a full one-bedroom, one-bath layout with living area and full kitchen overlooking beautiful Lake Starr. The lower level provides additional storage and a dedicated laundry area. The second in-law suite is the detached cottage, currently rented, with a functional kitchen, bedroom, living area, ample storage, and washer/dryer hookup. Both in-law suites have separate electric meters, water tanks, and water heaters, allowing for fully independent utility management. Two septic systems — one for the main home and one for the cottage — further enhance flexibility. The main residence offers expansive living space, including a spacious primary suite with a large walk-in closet and an attached room with a private laundry area. Central AC and multiple mini-split systems ensure efficient climate control. Additional updates include a mid-section roof replacement approximately seven years ago, two storage sheds, newly installed handicap-accessible railing, and functional solar panels. Enjoy direct lake access — perfect for kayaking, paddleboarding, canoeing, and fishing — while being conveniently located just north of Downtown Lake Wales with easy access to US-27. This rare waterfront property combines versatile living, strong rental potential, and lifestyle appeal, offering two fully independent in-law suites, privacy, and beautiful lakefront views.

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Multi-Family Active

Price

$ 369,990

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 2,581

Style

Lot Size

0.36

Year Built

1922

Town/City

Lake Wales

County/Region

Polk

MLS | Web ID

L4959747

Features
General
Sewer Septic Tank
Heating Central Electric
Cooling Central Air Mini-Split Unit(s)
Utilities Cable Available Cable Connected Electricity Available Electricity Connected Phone Available Private Public Water Available Water Connected
Roof Metal
Appliances Dishwasher Range Refrigerator
Garage Spaces 2
Patio/Porch Features Covered Deck Patio Porch Rear Porch
Construction Materials Brick Vinyl Siding Wood Frame
Pets Allowed Yes
Year Built 1922
Electric Photovoltaics Seller Owned
View Trees/Woods Water
Levels One
Tax Year 2025
Ownership Fee Simple
Waterfront Features Lake Front
County Polk
New Construction false
Property Type Residential Income
Attached Garage true
Subdivision Name MASON VILLA
Garage Y/N true
Green Energy Generation Solar
Other Structures Guest House Shed(s) Storage
Status Active
Directions From Orlando head south on US-17 S/US-92 W and merge onto US-27 S toward Haines City. Continue on US-27 S for approximately 35 miles then turn left onto Masterpiece Rd. Follow Masterpiece Rd for about 3 miles; the destination will be on the right.
High School Lake Wales Senior High
City LAKE WALES
Body of Water LAKE STARR
Senior Community Y/N false
Number Of Units Total 2
MLS Area 33898 - Lake Wales
Lot Size Units Square Feet
Lot Size Square Feet 15533
Carport Y/N false
Listing Terms Cash Conventional FHA VA Loan
Elementary School Janie Howard Wilson Elem
Land Lease Y/N false
Tax Annual Amount 2581
Middle/Junior High School Mclaughlin Middle
Additional Parcels Y/N false
Lease Considered Y/N true
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Occupancy Type Tenant
Tax Lot 11
Total Actual Rent 1230
Legal Description MASON VILLA PB 23 PG 6 LOT 11 IN SEC 14 T29 R27
Water View Lake
Water Access Type Lake
Minimum Lease No Minimum
Water Access Y/N true
Additional Rooms Attic Bonus Room Family Room Inside Utility Interior In-Law Suite w/Private Entry
Water View Y/N true
Flood Zone Code X
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Interior
Interior Amenities Ceiling Fan(s) Solid Wood Cabinets
Flooring Ceramic Tile Hardwood
Furnished Y/N Unfurnished
Fireplace Features Wood Burning
Air Conditioning Y/N true
Heating Y/N true
Window Features Blinds
Fireplace Y/N true
Laundry Features Inside Laundry Room
Total Bedrooms 0
Total Baths 0
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Exterior
Exterior Amenities Lighting Private Entrance Rain Gutters Sliding Doors Storage
Lot Features In County
Water Source Well
Lot Size Area 15533
Foundation Details Crawlspace Slab
Number of Buildings 2
Spa false
Building Area Total 3047
Lot Size Acres 0.36
Road Surface Type Paved
Private Pool false
Waterfront Y/N true
Covered Spaces 2
Number of Lots 1
Road Responsibility Public Maintained Road
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* Excluded Features
List By
Keller Williams Realty Smart 1

Broker

david@dreamhomescentralflorida.com

Email

Affordability Calculator

$2,493
Per Month
91%
9%
0%
Monthly Principal & Interest
$2,278
Monthly Property Taxes
$215
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.
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Nearby
0 Elementary School
0 Middle School
Lake Wales Senior High High School High School
Pricing History
DatePricePrice ChangeDescription
2/27/2026$369,990 Listed Price

Map


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130 RIBBON PARKWAY, Lake Wales, FL, 33898 is a Multi-Family Home for sale at $369,990 with 2,154 sqft and a lot size of 0.36. 130 RIBBON PARKWAY is a studio with 0.0 baths and was built in 1922. The property's zip code is 33898 which is in Lake Wales, FL