130 Ribbon Parkway, Lake Wales, FL 33898
- $365,000
- 2,154
- SqFt
- Sold Price
- $365,000
- List Price
- $369,990
- Status
- Sold
- Days on Market
- 26
- Closing Date
- May 11, 2026
- MLS#
- L4959747
- Property Style
- Multi-Family 5+
- Year Built
- 1922
- Living Area
- 2,154
- Lot Size
- 15,533
- Acres
- 0.36
- Total Acreage
- 1/4 to less than 1/2
- Legal Subdivision Name
- Mason Villa
- MLS Area Major
- Lake Wales
Property Description
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 metal roof replacement approximately seven years ago, two storage sheds, and newly installed handicap-accessible railing. 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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Additional Information
- Taxes
- $2581
- Minimum Lease
- No Minimum
- Location
- In County
- Community Features
- No Deed Restriction
- Property Description
- One Story
- Interior Layout
- Ceiling Fans(s), Solid Wood Cabinets
- Interior Features
- Ceiling Fans(s), Solid Wood Cabinets
- Floor
- Ceramic Tile, Wood
- Appliances
- Dishwasher, Range, Refrigerator
- Utilities
- Cable Available, Cable Connected, Electricity Available, Electricity Connected, Phone Available, Private, Public, Water Available, Water Connected
- Heating
- Central, Electric
- Air Conditioning
- Central Air, Mini-Split Unit(s)
- Fireplace
- Yes
- Fireplace Description
- Wood Burning
- Exterior Construction
- Brick, Vinyl Siding, Frame
- Exterior Features
- Lighting, Private Entrance, Rain Gutters, Sliding Doors, Storage
- Roof
- Metal
- Foundation
- Crawlspace, Slab
- Pool
- No Pool
- Garage Carport
- 2 Car Garage
- Garage Spaces
- 2
- Garage Dimensions
- 22x20
- Elementary School
- Janie Howard Wilson Elem
- Middle School
- Mclaughlin Academy Of Excellence
- High School
- Lake Wales Senior High
- Water Name
- Lake Starr
- Water View
- Lake
- Water Access
- Lake
- Water Frontage
- Lake Front
- Pets
- Allowed
- Flood Zone Code
- X, AE
- Parcel ID
- 27-29-14-860620-000110
- Legal Description
- MASON VILLA PB 23 PG 6 LOT 11 IN SEC 14 T29 R27
Listing courtesy of KELLER WILLIAMS REALTY SMART 1. 863-508-3000
Selling Office: KELLER WILLIAMS REALTY SMART 1.Mortgage Calculator
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