1255 S Lake Shore Way, Lake Alfred, FL 33850 - Photo 1

1/1

$425,000

Sold
Closed
Commercial

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Property Description

Prime Redevelopment Opportunity in Lake Alfred - 0.89 Acres with Guest Cottages Discover an exceptional investment and redevelopment opportunity in the heart of Lake Alfred. Situated on 0.89 acres, this property currently features nine individual guest-style cottage units offering flexible use as short-term or long-term rentals. A separate utility shed also sits on the property, providing additional storage or operational space. With its spacious layout, existing structures, and highly desirable location, this property is ideal for redevelopment into a modern motel, income-producing multi-unit lodging, boutique cottages, or commercial mixed-use concepts. Investors and developers will appreciate the expansive footprint, strong local growth, and proximity to major thoroughfares, lakes, and Central Florida attractions. Whether you plan to renovate, reimagine, or rebuild entirely, this site presents a rare opportunity to bring a new vision to one of Lake Alfred's most promising commercial corridors. Unlock the full potential of this unique property and create the next standout lodging or commercial destination in Lake Alfred.

Full Property Details

Full Property Details for 1255 S Lake Shore Way

General

Sold For: $425,000
Taxes: $6,229 (2024)
Status: Closed
Type: Commercial
Source: MidFloridaRegionalMLS
MLS ID: P4937065
Added to Site: 196 day(s) ago

Rental Information

Complex Features: Bathrooms

Parking

Parking Features: 6 to 12 Spaces

Location

Area: 33850 - Lake Alfred
County: Polk
Development Name: 33850 - Lake Alfred
Subdivision: ROCHELLE TERRACE REP
Driving Directions: Heading south into Lake Alfred on Co Rd 557A, take a right onto Shinn Blvd. Shinn Blvd will continue on to become US-17 S/US-92 W/S Lake Shore Way. Destination is on the right.
Direction Faces: Southeast

Community

Community Name: 33850 - Lake Alfred
Management Type: On Site Property Manager
Mgmt. Company: On Site Property Manager

Heating & Cooling

Cooling Type: Wall/Window Unit(s)

Structural Information

# Buildings: 9
Exterior Const.: Concrete, Vinyl Siding
Roof: Shingle
Square Feet: 2,768
Sq. Ft. Source: Public Records
Living Area: 2,768 Sq. Ft.
Year Built: 1954

Additional Structures

Other Structures: Storage

Lot Features

Lot Size (Acres): 0.89
Lot Size (Sq. Ft.): 38,908
Lot Size: 38908
Lot Dimensions: 65 x 189
Frontage: Street Lights, Street Paved, City Street, Divided Highway
Street/Road Desc.: Paved

Financial Considerations

Tax Amount: $6,229.68
Tax Year: 2024

Disclosures and Reports

Ownership: Corporation
Special Conditions: None
Legal Description: REPLAT OF BLOCKS 7 & 8 ROCHELLE TERRACE PB 31 PG 41 BLK 8 LOTS 1 & 2 LESS ST RD 600
Flood Zone Info: X
APN: 262805525500008010
Property ID: 262805525500008010
Block/Lot/Section: 8

Listed by Century 21 Myers Realty
Sold by Buckeye Realty Llc

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— 1255 S Lake Shore Way —

Century 21 Myers Realty
Century 21 Myers Realty

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Schools

Schools serving 1255 S Lake Shore Way

School District:Polk County School District

Name	Grades	Distance
Lake Alfred Elementary School 550 East Cummings Street, Lake Alfred, FL 33850	PK-5	1 mi
Auburndale Senior High School 1 Bloodhound Trail, Auburndale, FL 33823	9-12	3.4 mi
Jere L. Stambaugh Middle School 226 Main Street, Auburndale, FL 33823	6-8	3.5 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1255 S Lake Shore Way

Date

Details

Price

Change

Source

6/03/2026

Sold

$425,000

-29.05%

MLS

11/19/2025

Listed

$599,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Beds
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Beds
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Beds
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Beds
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Total Baths
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1255 S Lake Shore Way, Lake Alfred, FL 33850 (MLS# P4937065) is a Commercial property that was sold at $425,000 on June 03, 2026. Want to learn more about 1255 S Lake Shore Way? Do you have questions about finding other Commercial real estate for sale in Lake Alfred? You can browse all Lake Alfred real estate or contact a Coldwell Banker agent to request more information.

1255 S Lake Shore Way Lake Alfred, FL 33850