520 S 7TH STREET Lake Wales, FL $ 399,000
520 S 7TH STREET
$ 399,000
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520 S 7TH STREET

Lake Wales, FL, 33853
$ 399,000
Bedrooms3 Baths2.0 Sq 1,866

Monthly Estimate*

$ 2,489

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Single Family Home for sale in Lake Wales, FL

for $399,000 with 3 bedrooms and 2 full baths. This 1,866 square foot home was built in 1925 on a lot size of 0.38.

This beautifully renovated property offers a rare blend of comfort, modern design, and versatility, featuring a fully updated main house and a completely independent guest house. Both residences showcase bright, open living spaces with a clean, contemporary aesthetic, including brand-new kitchens and bathrooms equipped with modern appliances and thoughtfully selected finishes. The inviting living areas feel warm and welcoming, while the spa-like bathrooms add a touch of everyday luxury. Extensive upgrades provide peace of mind and long-term value, including new roofs and gutters, updated electrical panels, new windows, and all-new interior and exterior doors in both the main house and guest house. The exterior has been refreshed with new stucco, enhancing curb appeal and durability. Energy efficiency is a key highlight, with a solar system, new water heaters for both homes, and a new AC unit in the guest house. Designed for both functionality and enjoyment, the outdoor space features a newly created patio area between the main house and guest house—perfect for entertaining, relaxing, or hosting gatherings. The property also includes a new shed and a driveway connecting both residences, adding convenience and flexibility. Ideal for multigenerational living, hosting guests, working from home, or generating additional rental income, this move-in-ready property offers modern comfort, efficiency, and style—all in one exceptional opportunity.

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Single Family Active

Price

$ 399,000

Bedrooms

3

Full Bath

2

Property Type

Single Family

Taxes

$ 3,502

Style

Single Family Residence

Lot Size

0.38

Year Built

1925

Town/City

Lake Wales

County/Region

Polk

MLS | Web ID

O6367558

Features
General
Sewer Public Sewer
Heating Central
Cooling Central Air
Utilities BB/HS Internet Available Cable Available Electricity Available Natural Gas Available Sewer Connected Water Connected
Roof Membrane Shingle
Appliances Built-In Oven Cooktop Dishwasher Disposal Electric Water Heater Microwave Refrigerator Tankless Water Heater
Zoning R-3
Garage Spaces 2
Construction Materials Stucco
Year Built 1925
View City
Levels One
Property Subtype Single Family Residence
Tax Year 2024
Ownership Fee Simple
County Polk
New Construction false
Property Type Residential
Attached Garage false
Subdivision Name PALM PARK TERRACE
Facing Direction East
Garage Y/N true
Other Structures Guest House
Total Rooms 3
Full Baths 2
Status Active
Directions Use US-27 to enter Lake Wales FL. Once in Lake Wales turn onto Central Ave then turn right onto S 7th St and continue to 520 S 7th St Lake Wales FL 33853.
City LAKE WALES
Senior Community Y/N false
MLS Area 33853 - Lake Wales South
Lot Size Units Square Feet
Lot Size Square Feet 16370
Carport Spaces 1
Carport Y/N true
Listing Terms Cash Conventional
Property Attached Y/N true
Land Lease Y/N false
Tax Annual Amount 3502.83
Property Condition Completed
Additional Parcels Y/N false
Lease Considered Y/N true
Virtual Tour https://www.propertypanorama.com/instaview/stellar/O6367558
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Occupancy Type Vacant
Tax Lot 13
Legal Description PALM PARK TERRACE PB 10 PG 45 BLK A LOTS 13 E1/2 & ALL 14
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 Thermostat
Flooring Vinyl Hardwood
Furnished Y/N Unfurnished
Total Stories 1
Common Walls Corner Unit
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Half Baths 0
Laundry Features Electric Dryer Hookup Laundry Room Washer Hookup
Total Bedrooms 3
Total Baths 2
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Exterior
Exterior Amenities Awning(s) Sidewalk
Fencing Fenced
Lot Features Cleared Near Public Transit Oversized Lot Sidewalk
Water Source None
Lot Size Area 16370
Foundation Details Slab
Building Area Total 2691
Lot Size Acres 0.38
Road Surface Type Paved Asphalt
Private Pool false
Waterfront Y/N false
Covered Spaces 3
Road Frontage Type Street Paved
Number of Lots 1
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* Excluded Features
List By
Keller Williams Advantage Iii

Broker

luiscandiotorealestate@gmail.com

Email

Affordability Calculator

$2,781
Per Month
90%
10%
0%
Monthly Principal & Interest
$2,489
Monthly Property Taxes
$292
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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
12/19/2025$399,000 Listed Price

Map


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520 S 7TH STREET, Lake Wales, FL, 33853 is a Single Family Home for sale at $399,000 with 1,866 sqft and a lot size of 0.38. 520 S 7TH STREET has 3 bedrooms, 2.0 baths, and was built in 1925. The property's zip code is 33853 which is in Lake Wales, FL