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About this home
3818 Red Oak CT is a 1994-built home in Country Oaks Estates, Lake Wales. Inside you'll find 4 bedrooms, 4 bathrooms, and 2,160 square feet of living space. Listed at $489,000 (about $226/sqft), 114 days on market. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable.
Excellent investment opportunity in the growing Lake Wales market! This duplex offers immediate cash flow with both units currently tenant-occupied, making it the perfect addition to an investor's portfolio. 3818 will remain tenant-occupied until Oct. 2027 and 3820 will be occupied until Oct. 2026. Each side of this well-maintained duplex features 2 bedrooms, 1.5 bathrooms, and approximately 1,080 square feet of living space, providing spacious and comfortable accommodations for tenants. With a total of 2,160 square feet, the property offers strong rental appeal and consistent income potential. Skip the hassle and expense of finding tenants—both units are already occupied and generating income from day one. Whether you're a seasoned investor looking to expand your portfolio or a first-time investor seeking a turnkey rental property, this duplex presents a rare opportunity to acquire a stabilized asset in a desirable Central Florida location. Don't miss your chance to own a cash-flowing duplex with built-in income and long-term investment potential.
The essentials
At a glance
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Details
Districts can re-zone, so verify directly with the district before relying on these.
Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.
Price history
Neighborhood
Market insights
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Sample: 132 closed home sales in 33898 over the last 8 months, Stellar MLS. A starting point, not a guarantee.
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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
$489,000
$226 per sq ft
Beds and baths
4 beds, 4 baths
Size
2,160 sq ft
Time on market
126 days
Year built
1994
Monthly payment
About $3,132/mo
That is 20% down on a 30-year fixed at 6.8%, plus the home's $4,053 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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