$1,650,000

244 E Park Ave Lake Wales, FL 33853

Estimated payment $9,302/month

Total Views 7,973
6 Beds
10 Baths
8,480 Sq Ft
$195 Price per Sq Ft

Highlights

  • City View
  • Wood Flooring
  • No HOA
  • Fireplace in Primary Bedroom
  • High Ceiling
  • Walk-In Closet

About This Home

Truly rare opportunity to own a piece of Lake Wales History and the painstaking task of historic preservation has already been done! Built in 1915, the J.T. Rhodes Building was one of the first two brick-and-mortar buildings in Lake Wales. The City owes its origin to the building, where the villagers gathered upstairs in what was then the Masonic Hall on the night of April 27, 1917 to sign a petition to the Legislature for the issuance of a city charter. The Legislature responded by incorporating the City, whose charter was signed into law by Governor Sidney J. Catts on May 28, 1917.
This amazing piece of architecture is home to one of the few mixed-use buildings in downtown. Downstairs are 2 commercial suites, with long term tenants in place! Upstairs you will find 4 well-appointed and thoughtfully designed apartments! All of the apartments have in unit laundry, modern kitchens with all new appliances, original hardwood flooring, timeless baths, spacious rooms and high ceilings... all while maintaining the historic character & charm! The completion of this building is perfectly timed with the revitalization of downtown Lake Wales, the property is positioned at the heart of the city's walkable new streetscape - complete with brick paved streets, lush park-like settings and a growing calendar of community events! The City is in the process of designating downtown Lake Wales an Arts, Cultural & Entertainment (ACE) District which will provide an environment welcoming growth and promoting prosperity! The investment in this renovation and historic preservation is unmatched, with no detail overlooked. The goal was to preserve this piece of history for the next 100 years and every decision was made with that long term vision.... An invaluable gift to the person lucky enough to be the new owner, entrusted with the legacy of the J. T. Rhodes building!

Listing Agent

Dolores Vogel

LEGACY REAL ESTATE CENTER INC Brokerage Phone: 863-676-0200 License #621090 Listed on: 07/18/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,697

Year Built

  • Built in 1915

Parking

  • On-Street Parking

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Built-Up Roof

Interior Spaces

  • 8,480 Sq Ft Home
  • Elevator
  • High Ceiling
  • Ceiling Fan
  • Decorative Fireplace
  • Gas Fireplace
  • Living Room with Fireplace
  • City Views

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Fireplace in Primary Bedroom
  • Walk-In Closet
  • 10 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

  • Fire and Smoke Detector
  • Fire Sprinkler System

Accessible Home Design

  • Accessible Bedroom
  • Accessible Common Area
  • Accessible Hallway

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected
  • Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Exterior Lighting
  • 5,401 Sq Ft Lot

Listing and Financial Details

  • Legal Lot and Block 2 / 28
  • Assessor Parcel Number 27-30-01-883000-028020

Community Details

Overview

  • No Home Owners Association
  • 6 Units
  • Mid-Rise Condominium
  • Lake Wales Subdivision

Building Details

  • Operating Expense $18,000
  • Gross Income $139,122

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,697

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Condition: Completed
  • Property Sub Type: Multi-Family 5+
  • Construction Materials: Brick
  • Fireplace: Yes
  • Living Area: 8480
  • Lot Size Acres: 0.12
  • New Construction: No
  • Year Built: 1915
  • Accessibility Features: Accessible Bedroom, Accessible Common Area, Accessible Hallway(s)
  • Lot Size Sq Ft: 5401
  • Status: Active
  • Street Direction: E
  • Ownership: Fee Simple
  • Escrow City: Lake Wales
  • Escrow State: FL
  • Escrow Street Name: E Stuart
  • Minimum Lease: No Minimum
  • RATIO Current Price By Calculate: 194.58
  • Total Acreage: 0 to less than 1/4
  • Water Access YN: 0
  • Property Description: Mid Rise
  • Attribution Contact: 863-676-0200
  • Tax Year: 2025
  • Special Features: VirtualTour

Interior Features

  • Fireplace Features: Decorative, Gas, Living Room, Primary Bedroom
  • Living Area Units: Square Feet
  • Flooring: Tile, Wood
  • Interior Amenities: Ceiling Fans(s), Elevator, High Ceilings, Walk-In Closet(s)
  • Appliances Included: Dishwasher, Disposal, Dryer, Gas Water Heater, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 6
  • Living Area Meters: 787.82

Exterior Features

  • Exterior Features: Lighting, Other, Sidewalk
  • Roof: Built-Up
  • Pool Private: No
  • View: City
  • Waterfront: No
  • Road Surface Type: Asphalt
  • Water View YN: 0
  • Waterfront Feet Total: 0
  • Flood Zone Panel: 12105C0565H

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: On Street

Utilities

  • Utilities: BB/HS Internet Available, Cable Available, Electricity Connected, Natural Gas Connected, Public, Sewer Connected, Water - Multiple Meters, Water Connected
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Individually Metered: Cable,Electric,Gas,Internet,Sewer,Trash,Water

Condo/Co-op/Association

  • Association: No
  • Security: Fire Sprinkler System, Smoke Detector(s)
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 0

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Lot Info

  • Zoning: C-1
  • Parcel Number: 27-30-01-883000-028020
  • Additional Parcels: No
  • Flood Zone Code: X

Rental Info

  • Lease Restrictions YN: 0
  • Terms Of Lease: Net Lease

Multi Family

  • Gross Income: 139122
  • Number Of Units Total: 6
  • Total Num Buildings: 1
  • Unit Count: 6

Tax Info

  • Tax Annual Amount: 8696.7
  • Tax Block: 28
  • Tax Book Number: 1-88A
  • Tax Lot: 2

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $7,207 $355,774 $62,135 $293,639
2024 $7,626 $349,428 $62,135 $287,293
2023 $7,626 $366,511 $62,135 $304,376
2022 $7,027 $346,713 $62,135 $284,578
2021 $6,737 $315,319 $62,135 $253,184
2020 $6,849 $318,649 $62,135 $256,514
2018 $6,809 $303,664 $62,135 $241,529
2017 $6,658 $297,728 $0 $0
2016 $6,352 $275,141 $0 $0
2015 $5,473 $252,888 $0 $0
2014 $5,312 $242,658 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/18/2025 07/18/25 For Sale $1,650,000 -- $195 / Sq Ft
Source: Stellar MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $400,000 Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $420,000 Future Advance Clause Open End Mortgage
Source: Public Records

Source: Stellar MLS

MLS Number: K4903012

Stellar MLS

APN: 27-30-01-883000-028020