980 S Lake Shore Way, photo 1
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Overview

6 bd4 ba2,506 sqft1 car garageSingle Family
TypeSingle Family
HOANone listed
Built1920
Lot20,870 sqft
Living area2,506 sqft
Price / sqft$159
Garage1 car

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Pricing, comps, HOA, the neighborhood. Answers before you fill out anything.

About this home

NingunoSidewalkElectric Water HeaterRangeRefrigerator

980 S Lake Shore Way is a 1920-built home in Rochelle Terrace, Lake Alfred. Inside you'll find 6 bedrooms, 4 bathrooms, and 2,506 square feet of living space. Listed at $399,000 (about $159/sqft), 27 days on market. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable.

From the listing

INVESTMENT OPPORTUNITY IN LAKE ALFRED! Located at 980 S Lakeshore Way, this unique multi-unit property offers excellent visibility, convenient access, and significant potential for an investor looking to add value and increase rental income. Situated on a prominent corner with frontage along a well-traveled roadway, the property consists of three separate buildings with four residential units, providing a total of 6 bedrooms and 4 bathrooms. The unit mix includes a two-story building with separate upstairs and downstairs residences, along with two additional detached residential buildings. Three units are currently occupied, including established long-term tenants, while one unit is vacant and offers an immediate opportunity for renovation and repositioning. Current rental income is approximately $1,370 per month, with owner-provided estimated market rents totaling approximately $3,400 per month, creating substantial potential for increased income as units are improved and rents are brought closer to market rates. With multiple structures, existing rental history, prominent road frontage, a corner location, and room for property improvements, this property presents an intriguing opportunity for an investor with a vision. Property is being offered in its current condition. Bring your ideas and explore the possibilities this Lake Alfred investment property has to offer. Whether you’re looking to hold as an income-producing property or explore development possibilities in a growing area, this property offers exceptional visibility and location within Lake Alfred’s main commercial corridor.

The essentials

Built
1920
Price / sqft
$159
On market
27 days
Annual tax
$1,647
Flood zone
X · Low risk
Lot
20,870 sqft
Type
Single Family Residence

At a glance

Single family
Built 1920
1 car garage
0.48 acres
Lot size
2,506 sqft
Living area

Payment

Est. monthly payment
$2,418/mo
Down payment (20%)
$79,800
Property taxes
$137/mo
Rate assumed
6.8% · 30 yr
View full breakdown

Details

Type
Single Family Residence
Year Built
1920
Lot
20,870 sqft
Cooling
Wall/Window Unit(s)
Heating
Ductless
Parking
-
Days on Market
27
Ninguno
Sidewalk
Electric Water Heater
Range
Refrigerator
Elementary
Lake Alfred Elem
Middle
Stambaugh Middle
High
Auburndale High School

Districts can re-zone, so verify directly with the district before relying on these.

Flood Zone X
Annual Tax (2025)
$1,647
Parcel #
26-28-05-525000-003070

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
Rochelle Terrace
County
Polk
MLS Area
33850 - Lake Alfred
Lot Size
20,870 sqft
Corner LotSidewalkPaved

Price history

Date
Event
Price
-
Price change
Source: Stellar MLS #L4965144
$399,000-11.3%
$159/sqft
9/17/2026
Listed for sale
Source: Stellar MLS #L4965144
$449,900
$180/sqft

Neighborhood

980 S Lake Shore Way
Lake Alfred, FL, 33850 · 33850 - Lake Alfred

Market insights

Offer Insights

Choose an offer strength

List price: $399,000
$397,500 – $399,000
99.5% – 100% of listTops out right at the list price
80% of listList price
59 of the last 100 home closings in 33850 landed at this number or higher (59%). The median one sat 59 days before it went under contract, and this one is on day 27 after a $50,900 cut.

Sample: 100 closed home sales in 33850 over the last 8 months, Stellar MLS. A starting point, not a guarantee.

Talk through an offer with our team

Calculator

Est. monthly payment
$2,418/mo
Principal & interest$2,081
Property taxes$137
Insurance$200
Down payment20% · $79,800
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

$399,000

$159 per sq ft

Beds and baths

6 beds, 4 baths

Size

2,506 sq ft

Time on market

27 days

Year built

1920

Monthly payment

About $2,418/mo

That is 20% down on a 30-year fixed at 6.8%, plus the home's $1,647 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.

Offer

What should I offer?

Have another question?

Brokered byCENTURY 21 MYERS REALTYListing agent: Tony AcostaListing data from Stellar MLS, MLS# L4965144.

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