515 W MAGNOLIA STREET, LAKELAND, FL, 33815
Active570 days on marketListed Jan 20, 2025MLS #P4933408
About this home
515 W MAGNOLIA STREET
Exceptional investment opportunity! Two adjacent lots for sale (PRICED FOR BOTH); see MLS# P4933411). Both parcels must be purchased together. Ideal for multi-family residential development. Located in the growing city of Lakeland, centrally positioned between Tampa and Orlando, with convenient access to I-4, major hospitals, shopping, and downtown. Zoned MF-22, this lot is well-suited for multi-family construction and offers strong rental income potential. Purchasing both parcels allows for a larger-scale development project. A great opportunity for builders and investors looking to capitalize on Lakeland’s continued growth and prime location. Buyers are advised to conduct their own thorough due diligence and any inspections they deem necessary to confirm that the property meets their expectations. All information provided is sourced from public records and is deemed reliable but not guaranteed.
Facts & features
The home at a glance
0.12 ac
Lot size
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.
$590 /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
$590/mo
Includes FHA mortgage insurance and the financed 1.75% upfront premium. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Where it sits
Inside North Lake Wire
Drive times from this address
Estimated driving times, typical traffic. Data © OpenStreetMap contributors.
Get to know Lakeland. See the full Lakeland guide →
North Lake Wire — neighborhood snapshot
Population
1,473
Median age
39
Median income
$12,521
Median home value
$164,190
Avg household
2
Households w/ children
109
For the school run
Polk County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Lakeland market
$316K → $320K
Lakeland median sold, yr/yr
97.8%
Sale-to-list ratio (12 mo)
Median sold price, Lakeland, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 67% below the LAKELAND 33815 median. See the full Lakeland market guide →
Paper trail
This home's history
Reality check
What actually sold near 515 W MAGNOLIA STREET
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Jun ’26$235,000
723 W MYRTLE STREET · same community
3 bd · 1 ba · 1,172 sqft · $201/sqft · 34 DOM
Sold · Apr ’26$195,000
630 PEAR STREET · same community
3 bd · 1 ba · 1,232 sqft · $158/sqft · 34 DOM
Sold · Nov ’25$202,000
712 W MYRTLE STREET · same community
3 bd · 2 ba · 1,530 sqft · $132/sqft · 2 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 515 W MAGNOLIA STREET — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 515 W MAGNOLIA STREET — 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
515 W MAGNOLIA STREET FAQs
What would the monthly payment be for 515 W MAGNOLIA STREET?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $590/mo — principal and interest, the actual property-tax bill 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.
What are the property taxes on 515 W MAGNOLIA STREET?+
The most recent tax bill on record (2024) was $220. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
How does the price compare to other homes in Lakeland?+
At $65,000, this home is listed about 81% below the Lakeland median of $337,900. The market section on this page shows how the area is trending.
Which schools are assigned to 515 W MAGNOLIA STREET?+
Lakeland Senior High School (high), Lakeland Highlands Middle School (middle), Valleyview Elementary School (elementary) — Polk County School District. Always verify school assignments with the district before relying on them.
The brief
Three things that matter here
01Under the LAKELAND 33815 market on paper
$65,000 is 67% below the LAKELAND 33815 median of $197,450.
02Time on market is leverage
570 days on market against a Lakeland median of 44 — sellers in this position are usually ready to negotiate.
03Strong assigned schools
Lakeland Senior High School, Lakeland Highlands Middle School, Valleyview Elementary School — Valleyview Elementary School rates 4 of 5. Always verify assignments with the district.
Keep looking
Similar homes nearby
Listing courtesy of LA ROSA REALTY PRESTIGE · Stephen Morgan. MLS #P4933408.
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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