Video tour
$3,978 Closing Credit¹
#S5109110, Stephanie Morales, LLC, Listing Office: THE REALTY EXPERIENCE POWERED BY LRR
$1,700,000 List price
406 Masterpiece Rd Lake Wales, FL 33898
$10,000
Closing credit¹
5 beds
3 full, 1 partial
4,795 sqft
6.3 acres
$355 / sqft
House
Property details
About 406 Masterpiece Rd
Stunning updated 1925 Tuscan Estate with Breathtaking Lakefront Views Welcome to this magnificent 5-bedroom, 4-bathroom estate nestled on over 6 acres of prime real estate. This amazing property is currently undergoing an extensive renovation project. To Date, the seller has complete new perimeter fence spanning approximately 413 feet, drive way and sides of house totally repaved, new windows and doors, add on room with garage (perfect for office space), removed and replaced galvanized plumbing system, home completely stuccoed and repainted to give new look, upgraded x2 bathrooms, installed entirely new A/C system. The home is sold 'as-is' in its current condition however interior projects are ongoing and the price will be adjusted as the owners vision is completed (plans include opening up kitchen space and installing new kitchen, summer grilling /outdoor kitchen pavilion, new interior flooring and much much more). Buyer can buy 'as-is' or owner will consider an offer building out the interior of the home to buyers specifications. The home boasts an expansive family room featuring a majestic stone fireplace and wet bar, separate dining room, master bedroom with ensuite and walk-in closet. This property offers amazing panoramic views of Starr Lake and the iconic Bok Singing Tower, adding to the serene and peaceful surroundings. Step outside to enjoy the resort-style amenities, including a beautiful pool, patio area, gazebo, and a newly renovated exterior with a new roof and stucco. A bonus feature is the detached garage with a private mother-in-law suite, complete with a relaxing Jacuzzi for ultimate comfort. Located approximately 30 minutes from Disney and downtown Orlando, this property offers both seclusion and convenience. This home is a one-off opportunity. Don’t miss your chance to own this one-of-a-kind estate! Contact us today to arrange a showing. Please note the White Grande Piano and other furnishings are not included in the sale.
Highlights
Home typeSingle Family Residence
HeatingCentral, Electric
StatusActive
CoolingCentral Air
Size4,795 sqft
Lot size6.25 Acres
Year built1925
MLS #S5117531
WaterfrontLake Front
ViewWater
Private poolYes
Virtual tour
Summary
- MLS Number: S5117531
- MLS Name: MFRMLS
- Office Name: LUXURY ORLANDO REAL ESTATE
- Office Phone: (407) 705-7634
- Listing Agent: Carl Johnson
Listings courtesy of Stellar MLS as distributed by MLS GRID.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.
Copyright 2025 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/11/2025, 1:20:03 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,700,000
406 Masterpiece Rd
$10,000
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| May 28, 2024 | Home Sold | $725,000 |
| Mar 02, 2016 | Home Sold | $380,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $603,492 | $7,649 |
| 2022 | $479,904 | $6,673 |
| 2021 | $434,666 | $6,673 |
| 2020 | $381,114 | $5,721 |
| 2018 | $359,875 | $5,593 |
| 2017 | $360,047 | $5,593 |
History based on county public records data.
Nearby schools
3
Janie Howard Wilson School
Public Charter PK-5
3.0 mi
•306 Florida Ave
4
Spook Hill Elementary School
Public District PK-5
3.5 mi
•321 Dr J A Wiltshire Ave E
3
Polk Avenue Elementary School
Public Charter PK-5
4.5 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. Most families are married, no kids. The most common level of education of people living in this area is high school diploma.
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 406 Masterpiece Rd
This home is located at 406 Masterpiece Rd in Lake Wales, FL and zip code 33898. This 4,795 square foot home, which was built in 1925, sits on a 6.25 acre lot. Features: 5 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since December 31, 2024 and is currently priced at $1,700,000.
In February 2025 more than 4 listings in Lake Wales, FL were sold above the asking price. During the same period more than 13 listings were sold at asking price, while more than 23 were sold below. The number of homes for sale in Lake Wales, FL increased by 11.3% between January and February 2025. In February 2025 median list price was $280,000 and the average listing age was 103 days.
From Rocket Homes Real Estate and based on county public records data.