244 E Park Ave Lake Wales, FL 33853
Estimated payment $9,302/month
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
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
Map
Home Values in the Area
Average Home Value in this Area
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 |
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 |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $400,000 | Attorney |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $420,000 | Future Advance Clause Open End Mortgage |
Source: Stellar MLS
MLS Number: K4903012
APN: 27-30-01-883000-028020
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