530 S 7TH STREET Lake Wales, FL $ 240,000
530 S 7TH STREET
$ 240,000
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530 S 7TH STREET

Lake Wales, FL, 33853
$ 240,000
Bedrooms2 Baths2.0 Sq 1,636

Monthly Estimate*

$ 1,478

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Single Family Home for sale in Lake Wales, FL

for $240,000 with 2 bedrooms and 2 full baths. This 1,636 square foot home was built in 1925 on a lot size of 0.42.

One or more photo(s) has been virtually staged. Welcome to 530 S 7th Street, a charming opportunity nestled in the established Palm Park Terrace community of Lake Wales. This residence offers a blend of character, comfort, and key system updates, making it an appealing choice for both homeowners and investors looking for long-term value. Major improvements have already been taken care of, including a roof installed in 2017, a newer A/C system from 2023, and a water heater updated in 2016—providing peace of mind and reducing near-term maintenance concerns. The kitchen comes equipped with a dishwasher, microwave, and GAS stove, all of which convey with the sale, adding immediate convenience for move-in or rental readiness. Adding even more versatility, the property features a 30-amp RV hookup along with a portable generator hookup, offering added functionality, convenience, and preparedness—ideal for travel enthusiasts or backup power needs. Positioned just minutes from the heart of Lake Wales, this location offers easy access to local dining, shopping, and everyday essentials. Residents will appreciate proximity to the vibrant downtown corridor, known for its historic charm and community events, as well as nearby parks and recreational spaces perfect for enjoying Florida’s year-round sunshine. Looking ahead, the area continues to see thoughtful growth and revitalization, enhancing both lifestyle appeal and property value potential. With ongoing interest in Central Florida’s expansion, Lake Wales is gaining attention for its balance of small-town character and accessibility to larger metro areas. Whether you're searching for a primary residence or a smart addition to your portfolio, this property delivers a compelling combination of location, updates, added utility features, and future upside. Don’t miss the chance to secure your place in one of Lake Wales’ steadily evolving neighborhoods.

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Single Family Active

Price

$ 240,000

Bedrooms

2

Full Bath

2

Property Type

Single Family

Taxes

$ 2,061

Style

Single Family Residence

Lot Size

0.42

Year Built

1925

Town/City

Lake Wales

County/Region

Polk

MLS | Web ID

O6395623

Features
General
Sewer Septic Tank
Heating Central Electric
Cooling Central Air
Utilities Cable Available Electricity Available Phone Available Water Available
Roof Other
Appliances Dishwasher Microwave Range
Zoning R-3
Patio/Porch Features Patio
Security Features Smoke Detector(s)
Construction Materials Stucco
Pets Allowed Yes
Year Built 1925
View Trees/Woods
Levels One
Property Subtype Single Family Residence
Tax Year 2025
Ownership Fee Simple
County Polk
New Construction false
Property Type Residential
Subdivision Name PALM PARK TERRACE
Facing Direction East
Garage Y/N false
Green Indoor Air Quality Ventilation
Total Rooms 4
Full Baths 2
Status Active
Directions From US Hwy 27 in Lake Wales head east on Central Avenue toward the downtown district. Continue straight then turn right onto S 7th Street. Follow S 7th Street south and the property at 530 S 7th Street will be located on your right within the Palm Park Terrace subdivision.
City LAKE WALES
Senior Community Y/N false
MLS Area 33853 - Lake Wales South
Lot Size Units Square Feet
Lot Size Square Feet 18090
Carport Y/N false
Listing Terms Cash Conventional FHA VA Loan
Land Lease Y/N false
Tax Annual Amount 2061.15
Property Condition Completed
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 Owner
Tax Lot 3
Legal Description PALM PARK TERRACE PB 10 PG 45 BLK B LOTS 3 & 4
Minimum Lease No Minimum
Water Access Y/N false
Water View Y/N false
Flood Zone Code X
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Interior
Interior Amenities Ceiling Fan(s) Living Room/Dining Room Combo Open Floorplan Thermostat
Flooring Tile Hardwood
Furnished Y/N Unfurnished
Fireplace Features Electric Wood Burning
Total Stories 1
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N true
Half Baths 0
Laundry Features Inside
Total Bedrooms 2
Total Baths 2
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Exterior
Exterior Amenities Lighting Sidewalk
Vegetation Mature Landscaping
Fencing Fenced
Water Source Public
Lot Size Area 18090
Foundation Details Other
Building Area Total 1636
Lot Dimensions 120 x 150
Lot Size Acres 0.42
Road Surface Type Asphalt Paved
Private Pool false
Waterfront Y/N false
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* Excluded Features
List By
Keller Williams Advantage Iii

Broker

luiscandiotorealestate@gmail.com

Email

Affordability Calculator

$1,649
Per Month
90%
10%
0%
Monthly Principal & Interest
$1,478
Monthly Property Taxes
$172
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
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/1/2026$240,000 Listed Price

Map


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530 S 7TH STREET, Lake Wales, FL, 33853 is a Single Family Home for sale at $240,000 with 1,636 sqft and a lot size of 0.42. 530 S 7TH STREET has 2 bedrooms, 2.0 baths, and was built in 1925. The property's zip code is 33853 which is in Lake Wales, FL