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$375,000
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Property Description
Discover the versatility and income potential of this unique 5-bedroom, 5-bathroom lakefront home on peaceful Lake Starr. Spanning across multiple living areas, the property includes a detached 1-bedroom, 1-bath guest house with lake views, full kitchen, and living space-currently tenant-occupied for rental income. The main residence is thoughtfully divided into flexible sections, perfect for multigenerational living or investment opportunities. A private in-law suite with its own entrance, full bath, and kitchenette is connected to the home- also currently tenant-occupied for rental income., while an additional bedroom also features its own separate entrance, kitchenette, and private bath-ideal for rental or guest use. The main living area includes 3 bedrooms, 3 full bathrooms, an oversized living room, and a bonus room that can serve as a home office, playroom, or extra bedroom. Enjoy tranquil lakefront living with direct access to Lake Starr-ideal for paddleboarding, kayaking, fishing, and canoeing. Located just north of Downtown Lake Wales, this home is close to US-27, offering quick commutes to nearby cities and attractions. With its multi-unit setup, serene views, and flexible layout, this property is perfect for homeowners seeking passive income, investors, or families needing space and privacy.
Full Property Details
Full Property Details for 130 Ribbon Pkwy
General
- Price: $375,000
- Taxes: $2,298 (2024)
- Status: Active
- Type: Single Family
- Source: MidFloridaRegionalMLS
- MLS ID: O6319957
- Updated: 12/15/2025
- Added to Site: 213 day(s) ago
Rental Information
- Min. Lease: No Minimum
Interior
- Number of Rooms: 7
- Interior Features: Ceiling Fan(s), Solid Wood Cabinets
- Fireplace: Yes
- Fireplace(s): Wood Burning
- Appliances: Dishwasher, Range, Range Hood, Refrigerator
- Flooring: Ceramic Tile, Hardwood
Rooms
Bathrooms
- Total Bathrooms: 5
- Full Bathrooms: 5
Bedrooms
- Total Bedrooms: 5
Other Rooms
- Laundry: Inside, Laundry Room
Exterior
- Exterior Features: Lighting, Storage
- Deck/Patio: Covered, Deck, Patio, Porch, Rear Porch
- Porch/Patio/Deck: Covered, Deck, Patio, Porch, Rear Porch
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 2
- Covered Spaces: 2
Location
- Area: 33898 - Lake Wales
- County: Polk
- Development Name: 33898 - Lake Wales
- Subdivision: MASON VILLA
- Driving Directions: Drive south from Orlando on US-17 S/US-92 W, then merge onto US-27 S toward Haines City. Continue on US-27 S for about 35 miles, then turn left onto Masterpiece Road. Follow Masterpiece Road for approximately 3 miles—your destination, 130 Masterpiece Rd, Lake Wales, FL 33898, will be on the right.
- Direction Faces: North
School Information
- Elementary School: Janie Howard Wilson Elem
- Middle School: Mclaughlin Middle
- High School: Lake Wales Senior High
Community
- Community Name: 33898 - Lake Wales
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central, Electric
Utilities
- Sewer: Septic Tank
- Water District: LAKE STARR
- Water: Well
- Utility Description: Cable TV Available, Cable Connected, Electricity Available, Electricity Connected, Phone Available, Private, Public, Water Available, Water Connected
Structural Information
- Exterior Const.: Vinyl Siding, Wood Frame
- Roof: Metal
- Windows: Blinds
- Stories/Levels: Multi/Split
- Square Feet: 2,374
- Sq. Ft. Source: Public Records
- Year Built: 1922
Additional Structures
- Other Structures: Guest House, Shed(s), Storage
Lot Features
- Property View: Water
- Lot Size (Acres): 0.36
- Lot Size (Sq. Ft.): 15,533
- Lot Size: 15533
- Street/Road Desc.: Paved
- Fencing (Description): Chain Link
Water Features
- Water Front: Yes
- Water View: Yes
- Water Access: Yes
- Water Access Desc: Lake
- Water Front Name: LAKE STARR
- Water Front Desc.: Lake Front
Financial Considerations
- Tax Amount: $2,298
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: None
- Legal Description: MASON VILLA PB 23 PG 6 LOT 11 IN SEC 14 T29 R27
- Flood Zone Info: X
- APN: 272914860620000110
- Property ID: 272914860620000110
Listed by Exp Realty Llc
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Schools
Schools serving 130 Ribbon Pkwy
School District:Polk County School District
| Name | Grades | Distance |
|---|---|---|
Spook Hill Elementary School 321 Doctor JA Wiltshire Avenue, Lake Wales, FL 33853 | PK-5 | 3.4 mi |
Mclaughlin Middle School And Fine Arts Academy 800 South 4th Street, Lake Wales, FL 33853 | 6-8 | 4.9 mi |
Winter Haven Senior High School 600 6th Street Southeast, Winter Haven, FL 33880 | 9-12 | 8.6 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 130 Ribbon Pkwy
Date
Details
Price
Change
Source
10/23/2025
Price Reduced
$375,000
-2.6%
MLS
9/27/2025
Price Reduced
$385,000
-3.75%
MLS
8/30/2025
Price Reduced
$400,000
-4.76%
MLS
6/20/2025
Listed
$420,000
119.9%
MLS
5/23/2011
Sold
$191,000
—
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 130 Ribbon Pkwy
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,450
-37%
$157,314
3%
2024
$2,298
9%
$152,880
3%
2023
$2,103
1%
$148,427
6%
2021
$2,075
—
$139,907
-3%
2022
$2,081
—
$144,104
4%
2021
$2,075
10%
$137,975
4%
2017
$1,879
—
$132,358
2%
2017
$1,879
2%
$129,636
2%
2016
$1,844
-1%
$126,970
1%
2015
$1,868
-5%
$126,087
-7%
2019
$1,975
10%
$134,873
8%
2014
$1,802
—
$125,086
2%
2013
$1,808
—
$123,237
—
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 130 Ribbon Pkwy
130 Ribbon Parkway, Lake Wales, FL 33898 (MLS# O6319957) is a Single Family property with 5 bedrooms and 5 full bathrooms. 130 Ribbon Parkway is currently listed for $375,000 and was received on June 20, 2025. Want to learn more about 130 Ribbon Parkway? Do you have questions about finding other Single Family real estate for sale in Lake Wales? You can browse all Lake Wales real estate or contact a Coldwell Banker agent to request more information.

