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$389,900 Just Listed
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Property Description
Investor Description (Short & Straight to the Point) Income-producing property with endless upside! This unique investment features 3 grandfathered rental units generating approximately $5,700/month in rental income. Situated on one of Polk County's highest-traffic corridors, the property offers exceptional visibility, commercial-area potential, and possible billboard income (buyer to verify approvals). Buy below the cost of comparable commercial opportunities and capitalize on multiple future value-add possibilities.
Full Property Details
Full Property Details for 875 S Lake Shore Way
General
- Price: $389,900
- Taxes: $4,043 (2025)
- Status: Active
- Type: Triplex
- Source: MidFloridaRegionalMLS
- MLS ID: S5154520
- Updated: 7/27/2026
- Added to Site: 4 day(s) ago
Interior
- Interior Features: Ceiling Fan(s), Open Floorplan
Rooms
Bathrooms
- Total Bathrooms: 3
Bedrooms
- Total Bedrooms: 6
Other Rooms
- Laundry: Laundry Room
Exterior
- Exterior Features: Garden, Private Mailbox, Private Yard, Storage
Location
- Area: 33850 - Lake Alfred
- County: Polk
- Development Name: 33850 - Lake Alfred
- Subdivision: ROCHELLE TERRACE
- Driving Directions: Driving Directions from I-4 (Closest Interstate) From Interstate 4 (I-4) – Exit 48 (CR 557 / Lake Alfred): Take Exit 48 toward Lake Alfred / CR 557. Head south on CR 557 for approximately 2.5 miles. Turn left onto US Highway 17/92 (S Lake Shore Way). Continue for approximately 0.3 miles. 875 S Lake Shore Way will be on your right.
Community
- Community Name: 33850 - Lake Alfred
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Septic Tank
- Water: Public
- Utility Description: Cable TV Available, Electricity Available
Structural Information
- # Buildings: 2
- Exterior Const.: Stucco
- Basement Desc.: Crawl Space, Partial
- Roof: Shingle
- Square Feet: 1,609
- Sq. Ft. Source: Public Records
- Year Built: 1945
Lot Features
- Lot Size (Acres): 0.33
- Lot Size (Sq. Ft.): 14,558
- Lot Size: 14558
- Lot Dimensions: 100 x 145
- Street/Road Desc.: Asphalt
Financial Considerations
- Tax Amount: $4,043.25
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: None
- Legal Description: ROCHELLE TERRACE PB 8 PG 44 BLK 2 LOTS 9 & 10 LESS ST RD 600
- Flood Zone Info: X
- APN: 262805525000002090
- Property ID: 262805525000002090
- Block/Lot/Section: 2
Listed by La Rosa Realty Llc
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Schools
Schools serving 875 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 | 0.7 mi |
Auburndale Senior High School 1 Bloodhound Trail, Auburndale, FL 33823 | 9-12 | 3.5 mi |
Jere L. Stambaugh Middle School 226 Main Street, Auburndale, FL 33823 | 6-8 | 3.6 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 875 S Lake Shore Way
Date
Details
Price
Change
Source
7/27/2026
Listed
$389,900
11.4%
MLS
5/07/2025
Sold
$350,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 875 S Lake Shore Way
Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,043
37%
$210,771
2%
2024
$2,959
16%
$205,783
36%
2023
$2,540
22%
$151,415
50%
2021
$2,080
-9%
$100,843
-19%
2022
$2,278
10%
$124,939
29%
2021
$2,080
14%
$96,507
12%
2019
$1,824
33%
$85,804
10%
2017
$1,374
—
$78,004
21%
2017
$1,374
149%
$64,613
21%
2016
$551
-2%
$53,252
1%
2015
$565
-15%
$52,882
-19%
2014
$665
-1%
$65,650
1%
2013
$671
—
$64,680
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 875 S Lake Shore Way
875 S Lake Shore Way, Lake Alfred, FL 33850 (MLS# S5154520) is a Triplex property with 6 bedrooms and 0 full bathrooms. 875 S Lake Shore Way is currently listed for $389,900 and was received on July 27, 2026. Want to learn more about 875 S Lake Shore Way? Do you have questions about finding other Triplex 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.

