240 MASTERPIECE ROAD, LAKE WALES, FL, 33898
Active14 days on marketListed Jul 20, 2026MLS #K4903650
About this home
240 MASTERPIECE ROAD
Welcome to 240 Masterpiece Rd — a vintage lakefront rental offering 1,418 sq. ft. of versatile living space designed for comfort and relaxation. Step into a bright living room that invites you to unwind, while the spacious kitchen with an adjoining butler's pantry and a pass-through window to the dining room, makes meal prep a joy. Three generously sized bedrooms include a master with a walk-in closet. The patio off the dining room boasts serene lake views, perfect for morning coffee or entertaining guests. On-site washer and dryer eliminates trips to the laundry mat. Located just 1 mile from Lake Wales High School and Bok Tower Gardens, and moments from Publix Super Market and Lake Wailes Park, you'll enjoy both convenience and recreation close by. Lake Starr is a 100-acre lake with no public access. With a kayak, canoe or small boat, enjoy peaceful exercise or great fishing opportunities steps away from your home. Discover a home that blends peaceful waterfront living with access to top amenities. Schedule your private tour today and make this exceptional property yours. Home is a duplex with small apartment not included in lease. No smoking. Lawncare included.
Facts & features
The home at a glance
3
Bedrooms
2
Bathrooms
1,418
Sqft
1.24 ac
Lot size
1935
Year built
One
Levels
$1
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Principal and interest plus estimated taxes and insurance. Run your own numbers below.
$171 /mo · 3.5% down FHA, 30-yr fixed at 6%
The assumptions
FHA is the default here because it gets you in the door with just 3.5% down. Switch to Conventional or VA below.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
Estimated payment
$171/mo
Includes FHA mortgage insurance and the financed 1.75% upfront premium. Estimates only — taxes at 1.1%/yr and typical insurance; your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
$/sqft vs Lake Wales actives
$1 vs $171
Days on market
14 vs 56 typical
Where $1/sqft sits among the 373 Lake Wales actives
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
Where it sits
Inside Lake Wales
Drive times from this address
Estimated driving times, typical traffic. Data © OpenStreetMap contributors.
Get to know Lake Wales. See the full Lake Wales guide →
LAKE WALES 33898 — neighborhood snapshot
Population
18,426
Median age
46.9
Median income
$54,778
Median home value
$161,500
Avg household
2.51
Households w/ children
1,790
For the school run
Polk County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Lake Wales market
$275K → $275K
Lake Wales median sold, yr/yr
96.3%
Sale-to-list ratio (12 mo)
164 of 373
Lake Wales actives have cut their price
Median sold price, Lake Wales, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 99% below the LAKE WALES 33898 median. See the full Lake Wales market guide →
Paper trail
This home's history
Reality check
What actually sold near 240 MASTERPIECE ROAD
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Jul ’26$335,000
230 S LAKE STARR BOULEVARD · same community
2 bd · 2 ba · 1,668 sqft · $201/sqft · 67 DOM
Sold · Nov ’25$180,000
836 S LAKE STARR BOULEVARD · same community
4 bd · 3 ba · 2,856 sqft · $63/sqft · 113 DOM
Sold · Feb ’26$235,000
231 LAKE SUZANNE DRIVE
2 bd · 2 ba · 1,406 sqft · $167/sqft · 495 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, negotiation, and every question about 240 MASTERPIECE ROAD — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 240 MASTERPIECE ROAD — before you fall in love.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Straight answers
240 MASTERPIECE ROAD FAQs
What would the monthly payment be for 240 MASTERPIECE ROAD?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $171/mo — principal and interest, estimated property taxes and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
Are pets allowed at 240 MASTERPIECE ROAD?+
The listing reports pets: No. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.
How does the price compare to other homes in Lake Wales?+
At $1,500, this home is listed about 99% below the Lake Wales median of $256,490. The market section on this page shows how the area is trending.
Which schools are assigned to 240 MASTERPIECE ROAD?+
Frostproof Ben Hill Griffin Junior Elementary School (elementary) — Polk County School District. Always verify school assignments with the district before relying on them.
Keep looking
Similar homes nearby
Listing courtesy of LEGACY REAL ESTATE CENTER INC · Brian Vogel. MLS #K4903650.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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