Recently Viewed Properties
See This Home
Save This Listing
Close

View All Photos

$799,000

  • For Sale
  • Active
  • Multi-Family
  • 11 Units
  • 0.79 Acres
See This Home
Save This Home
See This Home
Save This Home
Exceptional 11-Unit Income Opportunity with Strong Rental Appeal! Don't miss this unique mixed-unit multifamily property offering a versatile unit mix designed to attract a wide range of tenants and help minimize vacancies. With all 11 units currently occupied and long-term leases in place, this property provides immediate and stable income for the savvy investor. Ideally located with convenient access to schools, shopping, medical facilities, and major travel routes including Hwy 27 and SR 60, tenants enjoy easy north/south/east/west commuting-making this a highly desirable rental location. Recent improvements include a new roof and new septic drainfield, offering added peace of mind and reduced near-term capital expenses. Whether you're expanding your portfolio or seeking your first solid, income-producing asset, this property checks all the boxes. Private showings are now being scheduled-secure your opportunity today!

Full Property Details for 315 Ridge Manor Dr

General

  • Price: $799,000
  • Taxes: $9,928 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: MidFloridaRegionalMLS
  • MLS ID: K4903360
  • Updated: 3/20/2026
  • Added to Site: 16 day(s) ago

Rental Information

  • Lease/Rent Term: 12 Months
  • Min. Lease: No Minimum

Interior

  • Interior Features: Window Treatments
  • Fireplace: Yes
  • Fireplace(s): Living Room
  • Furnishings: Unfurnished

Rooms

Bathrooms

  • Total Bathrooms: 12

Bedrooms

  • Total Bedrooms: 6

Other Rooms

  • Laundry: Common Area, Laundry Room, Outside

Exterior

  • Exterior Features: Storage
  • Deck/Patio: Patio, Porch, Screened
  • Porch/Patio/Deck: Patio, Porch, Screened

Location

  • Area: 33853 - Lake Wales South
  • County: Polk
  • Development Name: 33853 - Lake Wales South
  • Subdivision: RIDGE MANOR
  • Driving Directions: From Hwy 27 travel south to Lake Wales, turn east onto Central Ave, turn right onto First Street, turn left onto Ridge Manor Drive, property is on the corner of Exmor and Ridge Manor Drive.

Community

  • Community Name: 33853 - Lake Wales South

Heating & Cooling

  • Cooling Type: Wall/Window Unit(s)
  • Heating Type: Electric, Space Heater

Utilities

  • Sewer: Septic Tank
  • Water: Public
  • Utility Description: Electricity Connected, Propane, Public

Structural Information

  • # Buildings: 2
  • Exterior Const.: Stucco, Wood Frame (FSC Certified)
  • Roof: Other, Shingle
  • Stories/Levels: One
  • Square Feet: 5,030
  • Sq. Ft. Source: Public Records
  • Year Built: 1926

Lot Features

  • Lot Size (Acres): 0.79
  • Lot Size (Sq. Ft.): 34,360
  • Lot Size: 34360
  • Street/Road Desc.: Asphalt

Financial Considerations

  • Tax Amount: $9,928
  • Tax Year: 2025

Disclosures and Reports

  • Ownership: Fee Simple
  • Special Conditions: None
  • Legal Description: RIDGE MANOR SECOND UNIT PB 19 PG 16 BLK 11 LOTS 4 THRU 6 & PT OF LOT 7 DESC AS: BEG SE COR NLY TO NE COR W 30 FT SLY 151.95 FT TO POB
  • Flood Zone Info: X
  • APN: 273011916000011040
  • Property ID: 273011916000011040
  • Block/Lot/Section: 11

Listed by Legacy Real Estate Center Inc

Quickly Find Out More

* Indicates a required field

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Send Message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby’s International Realty®). I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.

We Value Your Privacy

Listing agent

— 315 Ridge Manor Dr —

  • Legacy Real Estate Center Inc

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 315 Ridge Manor Dr

School District:Polk County School District
NameGradesDistance
Ben Hill Griffin Jr Elementary School
501 McLeod Road, Frostproof, FL 33843
PK-58.8 mi
Mclaughlin Middle School And Fine Arts Academy
800 South 4th Street, Lake Wales, FL 33853
6-80.2 mi
Frostproof Middle/Senior High School
1000 North Palm Avenue, Frostproof, FL 33843
6-89.1 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 315 Ridge Manor Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/20/2026
Listed
$799,000
55.15%
MLS
4/30/2019
Sold
$515,000
—
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 315 Ridge Manor Dr

Year
Property Taxes
Change
Tax Assessment
Change
2024
$9,968
—
$198,077
-72%
2024
$9,968
—
$718,080
-25%
2023
$9,949
86%
$953,700
569%
2021
$5,350
2%
$142,609
-4%
2022
$5,269
-2%
$148,818
-51%
2021
$5,350
15%
$301,577
173%
2019
$4,647
3%
$110,441
-1%
2018
$4,520
—
$111,443
-1%
2017
$4,523
6%
$112,380
3%
2016
$4,286
2%
$109,236
7%
2015
$4,220
5%
$102,185
3%
2014
$4,008
-2%
$99,368
-2%
2013
$4,077
—
$101,545
—
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.

Estimate the Cost for 315 Ridge Manor Dr

$
Down Payment
%
$
%

$
$

*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Legacy Real Estate Center Inc

Just Listed near 315 Ridge Manor Dr

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

46 Windy Hill Ln, Babson Park, FL 33827 - Photo 1 Just Listed
$269,900

46 Windy Hill Ln  Babson Park, FL 33827

  • Single Family
  • Active
  • Updated 4 hours ago
  • 3
    Beds
  • 2
    Total Baths
  • 1,674
    Sq. Ft.
Listed by Exp Realty Llc
608 Dundee Rd, Dundee, FL 33838 - Photo 1 Just Listed
$1,500

608 Dundee Rd  #1  Dundee, FL 33838

  • Commercial Lease
  • Active
Listed by Julie Matthews Group Llc
610 Dundee Rd, Dundee, FL 33838 - Photo 1 Just Listed
$1,850

610 Dundee Rd  #1  Dundee, FL 33838

  • Commercial Lease
  • Active
Listed by Julie Matthews Group Llc
608 Dundee Rd, Dundee, FL 33838 - Photo 1 Just Listed
$3,000

608 Dundee Rd  #1 & 2  Dundee, FL 33838

  • Commercial Lease
  • Active
Listed by Julie Matthews Group Llc

Price Reduced near 315 Ridge Manor Dr

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

272 Avenue A, Waverly, FL 33877 - Photo 1 Price Reduced
-$19,100 (-9.6%)
$179,900

272 Avenue A  Waverly, FL 33877

  • Single Family
  • Active
  • Updated 5 days ago
  • 2
    Beds
  • 1
    Total Bath
  • 672
    Sq. Ft.
Listed by Exp Realty Llc
51 Britton St, Babson Park, FL 33827 - Photo 1 Price Reduced
-$10,999 (-3.79%)
$279,000

51 Britton St  Babson Park, FL 33827

  • Single Family
  • Active
  • Updated 6 days ago
  • 3
    Beds
  • 2
    Total Baths
  • 2,007
    Sq. Ft.
Listed by Royal Realty Real Estate, Llc
1800 Aldo Rd, Babson Park, FL 33827 - Photo 1 Price Reduced
-$5,000 (-4.35%)
$109,999

1800 Aldo Rd  Babson Park, FL 33827

  • Lots/Land
  • Active
  • Updated 4 days ago
  • 3.48
    Acres
Listed by New Alliance Group Realty
151 Pine St, Babson Park, FL 33827 - Photo 1 Price Reduced
-$4,900 (-1.27%)
$380,000

151 Pine St  Babson Park, FL 33827

  • Single Family
  • Active
  • Updated 5 days ago
  • 5
    Beds
  • 4
    Total Baths
  • 2,652
    Sq. Ft.
Listed by Remax Experts

Recent Sales near 315 Ridge Manor Dr

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

434 E Tillman Ave, Lake Wales, FL 33853 - Photo 1 Sold
$780,000

434 E Tillman Ave  Lake Wales, FL 33853

  • Single Family
  • Closed
  • 12
    Beds
  • 7
    Total Baths
  • 4,466
    Sq. Ft.
Listed by Bhhs Florida Properties Group
Sold by Coldwell Banker (Hammock)

315 Ridge Manor Drive, Lake Wales, FL 33853 (MLS# K4903360) is a Multi-Family property with 11 units containing 6 bedrooms and 0 full bathrooms. 315 Ridge Manor Drive is currently listed for $799,000 and was received on March 20, 2026. Want to learn more about 315 Ridge Manor Drive? Do you have questions about finding other Multi-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.

Tour this property