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#P4934659, Ken Welch, Listing office: CENTURY 21 MYERS REALTY LAKE WALES
$420,000 List price
130 Masterpiece Rd Lake Wales, FL 33898
5 beds
5 full
2,374 sqft
0.4 acres
$177 / sqft
House
Property details
About 130 Masterpiece Rd
Discover the versatility and income potential of this unique 5-bedroom, 5-bathroom lakefront home on peaceful Lake Starr. Spanning across multiple living areas, the property includes a detached 1-bedroom, 1-bath guest house with lake views, full kitchen, and living space—currently tenant-occupied for rental income. The main residence is thoughtfully divided into flexible sections, perfect for multigenerational living or investment opportunities. A private in-law suite with its own entrance, full bath, and kitchenette is connected to the home— also currently tenant-occupied for rental income., while an additional bedroom also features its own separate entrance, kitchenette, and private bath—ideal for rental or guest use. The main living area includes 3 bedrooms, 3 full bathrooms, an oversized living room, and a bonus room that can serve as a home office, playroom, or extra bedroom. Enjoy tranquil lakefront living with direct access to Lake Starr—ideal for paddleboarding, kayaking, fishing, and canoeing. Located just north of Downtown Lake Wales, this home is close to US-27, offering quick commutes to nearby cities and attractions. With its multi-unit setup, serene views, and flexible layout, this property is perfect for homeowners seeking passive income, investors, or families needing space and privacy.
Highlights
Home typeSingle Family Residence
HeatingCentral, Electric
StatusActive
CoolingCentral Air
Size2,374 sqft
Lot size0.36 Acres
Year built1922
MLS #O6319957
Attached garage2 spaces
WaterfrontLake Front
FireplaceWood Burning
ViewWater
Summary
- Full Bathrooms: 5
- Appliances: Dishwasher, Range, Range Hood, Refrigerator
- Flooring Type: Ceramic Tile, Wood
- Interior: Ceiling Fans(s), Solid Wood Cabinets
- Fireplace: Wood Burning
- Total Bedroom Count: 5
- Garage Space: 2 spaces
- Attached Garage: Yes
- Private Pool: No
- Waterfront: Lake Front
- View: Water
- Exterior: Lighting, Storage
- Heating: Central, Electric
- Cooling: Central Air
- List Price: $420,000
- Price/SqFt: $176
- HOA Amount: $0
- Annual Tax Amount: $2,103
- Tax Year: 2023
- Directions: Drive south from Orlando on US-17 S/US-92 W, then merge onto US-27 S toward Haines City. Continue on US-27 S for about 35 miles, then turn left onto Masterpiece Road. Follow Masterpiece Road for approximately 3 miles—your destination, 130 Masterpiece Rd, Lake Wales, FL 33898, will be on the right.
- Year Built: 1922
- Living Area: 2,374 SqFt
- Lot Size: 0.36 Acres
- MLS Number: O6319957
- MLS Name: MFRMLS
- Office Name: EXP REALTY LLC
- Office Phone: (407) 375-9142
- Listing Agent: Daniel Betancourt
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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Last updated on: 7/24/2025, 2:34:38 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| May 25, 2011 | Home Sold | $191,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $148,427 | $2,103 |
| 2022 | $144,104 | $2,080 |
| 2021 | $139,907 | $2,080 |
| 2020 | $137,975 | $1,975 |
| 2018 | $132,358 | $1,879 |
| 2017 | $129,636 | $1,879 |
History based on county public records data.
Nearby schools
3
Janie Howard Wilson School
Public Charter PK-5
2.9 mi
•306 Florida Ave
4
Spook Hill Elementary School
Public District PK-5
3.4 mi
•321 Dr J A Wiltshire Ave E
3
Polk Avenue Elementary School
Public Charter PK-5
4.3 mi
•110 E Polk Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $43,599. Residents of Lake Wales, FL typically earn between $35k-100k each year. The most common type of family is married, no kids. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
36%
<35k
54%
35k-100k
9%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
39%
Single, No Kids
12%
Single, with Kids
45%
Married, No Kids
4%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
13%
<11 yrs old
5%
12-17 yrs old
12%
18-34 yrs old
28%
35-64 yrs old
42%
65+ yrs old
What do the neighbors do for fun?
Figure Skating
PGA/LPGA
Extreme Sports
Where do the neighbors shop?
Stein Mart
Kmart
Academy Sports & Outdoors
Where do the neighbors go to eat?
Bob Evans
Little Caesars
Cracker Barrel
What do the neighbors drive?
Buick
Lincoln
Chevrolet
What do the neighbors listen to?
Adult Standards
News/Talk/Information
Oldies
All data provided by Home Junction and Claritas
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Frequently asked questions
About 130 Masterpiece Rd
The listing price of 130 Masterpiece Rd property is $420,000.
The property 130 Masterpiece Rd is a house located in Lake Wales, Florida, 33898.
Active Listing: 130 Masterpiece Rd is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 130 Masterpiece Rd are: Janie Howard Wilson School (GreatSchools Rating 3/10), Spook Hill Elementary School (GreatSchools Rating 4/10), Polk Avenue Elementary School (GreatSchools Rating 3/10), Edward W Bok Academy North (GreatSchools Rating 5/10), Dundee Ridge Middle Academy (GreatSchools Rating 6/10), McLaughlin Middle School (GreatSchools Rating 2/10), Lake Wales Senior High School (GreatSchools Rating 4/10), Roosevelt Academy (GreatSchools Rating 2/10), Don E Woods Opportunity Center (GreatSchools Rating 1/10).
According to the records, the last property tax for 2023 is $2,103 (source: MLS/based on county public records data).
The last sale was on May 25, 2011 for $191,000 (source: MLS/tax record).
The property at 130 Masterpiece Rd has 5 bedrooms and 5 bathrooms.
The property 130 Masterpiece Rd is 2,374 SqFt (source: MLS/tax record).
The year of construction for 130 Masterpiece Rd is 1922.
This home is located at 130 Masterpiece Rd in Lake Wales, FL and zip code 33898. This 2,374 square foot home, which was built in 1922, sits on a 0.36 acre lot. Features: 5 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since June 21, 2025 and is currently priced at $420,000.
Lake Wales, FL housing market in June 2025 saw over 4 listings sold above listed price, more than 19 sold at listed price and over 19 sold below. In June 2025 in Lake Wales, FL there were 1.7% less homes for sale than in May. In June 2025, listings were on the market for 64 days. During the same period, the median list price in this real estate market was $285,000.
From Rocket Homes Real Estate and based on county public records data.