244 E Park Ave, photo 1
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Overview

0 ba8,480 sqftMulti-family 5+
TypeMulti-family 5+
HOANone listed
Built1915
Lot5,401 sqft
Living area8,480 sqft
Price / sqft$195

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About this home

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244 E Park Ave is a 1915-built home in Lake Wales, Lake Wales. Listed at $1,650,000 (about $195/sqft), 438 days on market. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable.

From the listing

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!

The essentials

Built
1915
Price / sqft
$195
On market
450 days
Annual tax
$8,697
Flood zone
X · Low risk
Lot
5,401 sqft
Type
Multi-family 5+

At a glance

Multi-family
Built 1915
5,401 sqft lot
Lot size
8,480 sqft
Living area

Payment

Est. monthly payment
$10,155/mo
Down payment (20%)
$330,000
Property taxes
$725/mo
Rate assumed
6.8% · 30 yr
View full breakdown

Details

Type
Multi-Family 5+
Year Built
1915
Lot
5,401 sqft
Cooling
Central Air
Heating
Central
Parking
-
Days on Market
450
Dishwasher
Dryer
Microwave
Refrigerator
Washer
Flood Zone X
Annual Tax (2025)
$8,697
Parcel #
27-30-01-883000-028020

Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.

Subdivision
Lake Wales
County
Polk
MLS Area
33853 - Lake Wales South
Lot Size
5,401 sqft
Curb and GuttersHistoric DistrictCity LimitsSidewalkStreet LightsPaved

Price history

Date
Event
Price
7/16/2025
Listed for sale
Source: Stellar MLS #K4903016
$1,650,000
$195/sqft

Neighborhood

244 E Park Ave
Lake Wales, FL, 33853 · 33853 - Lake Wales South

Market insights

Offer Insights

Choose an offer strength

List price: $1,650,000
$1.64M – $1.65M
99.5% – 100% of listTops out right at the list price
80% of listList price
58 of the last 92 home closings in 33853 landed at this number or higher (63%). The median one sat 56 days before it went under contract, and this one is on day 450.

Sample: 92 closed home sales in 33853 over the last 8 months, Stellar MLS. A starting point, not a guarantee.

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Calculator

Est. monthly payment
$10,155/mo
Principal & interest$8,605
Property taxes$725
Insurance$825
Down payment20% · $330,000
Interest rate6.80%
Loan term

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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.

Quick answers.

Price

$1,650,000

$195 per sq ft

Size

8,480 sq ft

Time on market

450 days

Year built

1915

Monthly payment

About $10,155/mo

That is 20% down on a 30-year fixed at 6.8%, plus the home's $8,697 annual tax bill, insurance.

Flood zone

Zone X

That is outside the high-risk areas, so flood insurance is usually optional rather than required by a lender.

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Have another question?

Brokered byLEGACY REAL ESTATE CENTER INCListing agent: Dolores VogelListing data from Stellar MLS, MLS# K4903016.

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