650 E Grapefruit Ave, photo 1
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Overview

4 bd4 ba1,800 sqftDuplex
TypeDuplex
HOANone listed
Built2023
Lot7,248 sqft
Living area1,800 sqft
Price / sqft$227

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

About this home

Ceiling Fans(s)Crown MoldingPrimary Bedroom Main FloorWalk-in Closet(s)Window TreatmentsFenceSidewalkDishwasher

650 E Grapefruit Ave is a 2023-built home in Highland Sub, Lake Alfred. Inside you'll find 4 bedrooms, 4 bathrooms, and 1,800 square feet of living space. Listed at $409,000 (about $227/sqft), 43 days on market. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable.

From the listing

Prime investment opportunity in Lake Alfred! Built in 2023, this modern, turn-key duplex delivers instant cash flow with tenants already in place. Sitting on a ~0.17-acre lot with a private, fully fenced yard and NO HOA, this property offers ultimate flexibility for hands-off landlords or house-hackers looking to live in one side and offset their mortgage. Both units boast a functional, open-concept 2-bedroom, 2-bathroom layout finished with fresh paint, durable low-maintenance flooring, and upgraded stainless steel appliances. Positioned right in the heart of town, residents enjoy fast access to US-17/92 and I-4 for effortless commutes to Orlando or Tampa, along with close proximity to local lakes, the Chain of Lakes Trail, and a planned Publix-anchored development. Portfolio Opportunity: Motivated seller! Can be acquired individually or bundled with the matching, 1,800 sq ft duplex right next door at 640 E Grapefruit Ave (Parcel: 26-27-28-493500-00130) for a target 6.24% portfolio cap rate. Multiple financing options available—schedule your private tour today! Disclaimer: Photos depict the vacant unit. Floor plans, interior finishes, and color schemes may vary slightly by unit.

The essentials

Built
2023
Price / sqft
$227
On market
43 days
Annual tax
$5,987
Flood zone
X · Low risk
Lot
7,248 sqft
Type
Duplex

At a glance

Multi-family
Built 2023
7,248 sqft lot
Lot size
1,800 sqft
Living area

Payment

Est. monthly payment
$2,836/mo
Down payment (20%)
$81,800
Property taxes
$499/mo
Rate assumed
6.8% · 30 yr
View full breakdown

Details

Type
Duplex
Year Built
2023
Lot
7,248 sqft
Cooling
Central Air
Heating
Central
Parking
-
Days on Market
43
Ceiling Fans(s)
Crown Molding
Primary Bedroom Main Floor
Walk-in Closet(s)
Window Treatments
Fence
Sidewalk
Dishwasher
Dryer
Microwave
Range
Refrigerator
Washer
Flood Zone X
Annual Tax (2025)
$5,987
Parcel #
26-27-28-493500-001141

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
Highland Sub
County
Polk
MLS Area
33850 - Lake Alfred
Lot Size
7,248 sqft

Price history

Date
Event
Price
10/9/2026
Price change
Source: Stellar MLS #R4911947
$409,000-4.7%
$227/sqft
-
Price change
Source: Stellar MLS #R4911947
$429,000-2.3%
$238/sqft
9/3/2026
Listed for sale
Source: Stellar MLS #R4911947
$439,000
$244/sqft

Neighborhood

650 E Grapefruit Ave
Lake Alfred, FL, 33850 · 33850 - Lake Alfred

Market insights

Offer Insights

Choose an offer strength

List price: $409,000
$407,500 – $409,000
99.5% – 100% of listTops out right at the list price
80% of listList price
60 of the last 101 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 43 after a $30,000 cut.

Sample: 101 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
$2,837/mo
Principal & interest$2,133
Property taxes$499
Insurance$205
Down payment20% · $81,800
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

$409,000

$227 per sq ft

Beds and baths

4 beds, 4 baths

Size

1,800 sq ft

Time on market

43 days

Year built

2023

Monthly payment

About $2,836/mo

That is 20% down on a 30-year fixed at 6.8%, plus the home's $5,987 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 byBOKORS CORNER REALTY LLCListing agent: Sharon BokorListing data from Stellar MLS, MLS# R4911947.

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