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$449,900

  • For Sale
  • Active
  • Single Family
  • 6 Beds
  • 4 Full Baths
  • 2,506 Sq. Ft.
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INVESTMENT OPPORTUNITY IN LAKE ALFRED! Located at 980 S Lakeshore Way, this unique multi-unit property offers excellent visibility, convenient access, and significant potential for an investor looking to add value and increase rental income. Situated on a prominent corner with frontage along a well-traveled roadway, the property consists of three separate buildings with four residential units, providing a total of 6 bedrooms and 4 bathrooms. The unit mix includes a two-story building with separate upstairs and downstairs residences, along with two additional detached residential buildings. Three units are currently occupied, including established long-term tenants, while one unit is vacant and offers an immediate opportunity for renovation and repositioning. Current rental income is approximately $1,370 per month, with owner-provided estimated market rents totaling approximately $3,400 per month, creating substantial potential for increased income as units are improved and rents are brought closer to market rates. With multiple structures, existing rental history, prominent road frontage, a corner location, and room for property improvements, this property presents an intriguing opportunity for an investor with a vision. Property is being offered in its current condition. Bring your ideas and explore the possibilities this Lake Alfred investment property has to offer. Whether you're looking to hold as an income-producing property or explore development possibilities in a growing area, this property offers exceptional visibility and location within Lake Alfred's main commercial corridor.

Full Property Details for 980 S Lake Shore Way

General

  • Price: $449,900
  • Taxes: $1,647 (2025)
  • Status: Active
  • Type: Single Family
  • Source: MidFloridaRegionalMLS
  • MLS ID: L4965144
  • Updated: 9/22/2026
  • Added to Site: 14 day(s) ago

Rental Information

  • Min. Lease: No Minimum

Interior

  • Number of Rooms: 3
  • Interior Features: Ninguno
  • Appliances: Electric Water Heater, Range, Refrigerator
  • Furnishings: Unfurnished
  • Flooring: Carpet, Other

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 4

Bedrooms

  • Total Bedrooms: 6

Exterior

  • Exterior Features: Sidewalk

Parking

  • Garage: Yes
  • Garage Spaces: 1
  • Covered Spaces: 1

Location

  • Area: 33850 - Lake Alfred
  • County: Polk
  • Development Name: 33850 - Lake Alfred
  • Subdivision: ROCHELLE TERRACE
  • Driving Directions: Heading east on US Hwy 92 continue until road becomes US Hwy 17/ S Lake Shore Way. Destination will be on your right at the corner of Mackay Blvd.
  • Direction Faces: West

School Information

  • Elementary School: Lake Alfred Elem
  • Middle School: Stambaugh Middle
  • High School: Auburndale High School

Community

  • Community Name: 33850 - Lake Alfred

Heating & Cooling

  • Cooling Type: Wall/Window Unit(s)
  • Heating Type: Wall Units / Window Unit

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Water Connected

Structural Information

  • Exterior Const.: Wood Frame
  • Roof: Metal
  • Common Walls: Corner Unit
  • Stories/Levels: Two
  • Square Feet: 2,506
  • Sq. Ft. Source: Public Records
  • Year Built: 1920

Additional Structures

  • Other Structures: Guest House, Storage

Lot Features

  • Lot Size (Acres): 0.48
  • Lot Size (Sq. Ft.): 20,870
  • Lot Size: 20870
  • Lot Dimensions: 150 x 140
  • Frontage: Street Paved
  • Street/Road Desc.: Paved

Financial Considerations

  • Tax Amount: $1,647.2
  • Tax Year: 2025

Disclosures and Reports

  • Ownership: Fee Simple
  • Special Conditions: None
  • Legal Description: ROCHELLE TERRACE PB 8 PG 44 BLK 3 LOTS 7 & 8 LESS ST RD 600
  • Flood Zone Info: X
  • APN: 262805525000003070
  • Property ID: 262805525000003070
  • Block/Lot/Section: 3

Listed by Century 21 Myers Realty

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Listing agents

— 980 S Lake Shore Way —

  • Century 21 Myers Realty

  • Century 21 Myers Realty

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 980 S Lake Shore Way

School District:Polk County School District
NameGradesDistance
Lake Alfred Elementary School
550 East Cummings Street, Lake Alfred, FL 33850
PK-50.8 mi
Auburndale Senior High School
1 Bloodhound Trail, Auburndale, FL 33823
9-123.5 mi
Jere L. Stambaugh Middle School
226 Main Street, Auburndale, FL 33823
6-83.6 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 980 S Lake Shore Way Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/22/2026
Listed
$449,900
2149.5%
MLS
1/05/1999
Sold
$20,000
—
Public Record
Get Price Alerts and Save Property
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 for 980 S Lake Shore Way

Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,647
—
$85,816
—
2025
$1,647
-1%
$85,867
—
2024
$1,657
-2%
$86,231
-3%
2023
$1,692
10%
$88,768
20%
2021
$1,532
-1%
$74,255
-5%
2022
$1,550
1%
$78,117
6%
2021
$1,532
10%
$73,555
7%
2017
$1,394
—
$68,668
3%
2017
$1,394
6%
$66,920
4%
2016
$1,310
27%
$64,151
39%
2015
$1,030
-30%
$46,305
-33%
2019
$1,472
42%
$69,486
51%
2014
$1,037
-2%
$46,029
—
2013
$1,053
—
$46,049
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Century 21 Myers Realty

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980 S Lake Shore Way, Lake Alfred, FL 33850 (MLS# L4965144) is a Single Family property with 6 bedrooms and 4 full bathrooms. 980 S Lake Shore Way is currently listed for $449,900 and was received on September 22, 2026. Want to learn more about 980 S Lake Shore Way? Do you have questions about finding other Single Family 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.

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