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$230,000
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Property Description
Investor Special: 4 Bedroom / 3 Bathroom Diamond in the Rough with Attached ADU - Lake Wales Opportunity! Calling all investors, flippers, & buy-and-hold buyers! Discover this solid concrete block home at 4924 Washington Street, Lake Wales, FL 33859-a true diamond in the rough ready for your vision & TLC to restore its shine & deliver strong ROI. Set on a spacious corner lot with great spacing from neighbors, this unique property features 4 bedrooms & 3 full bathrooms overall: 3 bedrooms / 2 bathrooms in the main residence plus a fully attached accessory dwelling unit (ADU) with its own private 1 bedroom, 1 bathroom, kitchen, living area, tile floors, & separate walk-out entrance to the backyard-perfect for multi-generational living, an in-law suite, or separate rental income potential. The main home offers an inviting open floor plan: Enter into a bright living room with high ceilings, abundant windows for natural light, & a convenient bar area. The space flows into a large open kitchen with included appliances (stainless steel LG refrigerator, LG stainless steel oven/range, white Samsung microwave) & tile flooring. A flexible room off the kitchen provides excellent options as a pantry, office, or extra storage. The owner's bedroom enjoys plenty of natural light from its windows & connects to a private bathroom, with the included blue Samsung washer/dryer set nearby (easily adaptable into a dedicated laundry area). Two guest bedrooms share a full bathroom with tiled shower. Outside, enjoy the huge screened-in lanai, wraparound driveway, covered carport, & a fully fenced backyard (solid white vinyl fencing) complete with a storage shed. The oversized lot offers room to breathe in this quiet, rural setting-just blocks from beautiful Crooked Lake (one of Polk County's largest public lakes at over 4,000 acres), providing nearby recreation without any flood zone concerns. Conveniently located near Warner University for potential student rental demand, with easy access to town, Bok Tower Gardens, & more. This home has good bones & was clearly well-loved by its original owner. With thoughtful updates to bring it to today's standards, it could stand out as a top property in the neighborhood-whether you rehab & flip for profit, renovate & hold as a rental (main house + income-generating ADU for excellent cash flow), or explore other creative uses, the potential is unlimited. Sold strictly AS-IS with right to inspect-seller has limited knowledge of the property. Bring your tools & ideas-this rare find with character, space, & location awaits the savvy investor! Schedule your showing today.
Full Property Details
Full Property Details for 4924 Washington St
General
- Price: $230,000
- Taxes: $3,693 (2025)
- Status: Active
- Type: Single Family
- Source: MidFloridaRegionalMLS
- MLS ID: TB8475925
- Updated: 2/16/2026
- Added to Site: 7 day(s) ago
Rental Information
- Min. Lease: No Minimum
Interior
- Number of Rooms: 8
- Interior Features: Living Room/Dining Room Combo
- Appliances: Dryer, Range, Refrigerator, Washer
- Furnishings: Unfurnished
- Flooring: Carpet, Ceramic Tile
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 4
Other Rooms
- Laundry: Inside
Exterior
- Exterior Features: Lighting
Parking
- Carports: Yes
- Carport: 1
- Carport Spaces: 1
- Covered Spaces: 1
Location
- Area: 33859 - Lake Wales
- County: Polk
- Development Name: 33859 - Lake Wales
- Subdivision: SOUTH LAKE WALES UNIT 1 PB 41 PG 39
- Driving Directions: State road 60 to highway 27 south. Make a right onto Jackson St. make a left onto Washington St. Corner is down on the right side on a corner lot
- Direction Faces: East
Community
- Community Name: 33859 - Lake Wales
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: BB/HS Internet Available, Cable TV Available, Public
Structural Information
- Exterior Const.: Block
- Roof: Metal
- Stories/Levels: One
- Square Feet: 2,400
- Sq. Ft. Source: Estimated
- Year Built: 1958
Lot Features
- Lot Size (Acres): 0.21
- Lot Size (Sq. Ft.): 9,247
- Lot Size: 9247
- Street/Road Desc.: Concrete
- Fencing (Description): Vinyl
Financial Considerations
- Tax Amount: $3,693
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: None
- Legal Description: SOUTH LAKE WALES UNIT 1 PB 41 PG 3
- Flood Zone Info: X
- APN: 273035927700001890
- Property ID: 273035927700001890
Listed by Florida Executive Realty 2
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Schools
Schools serving 4924 Washington St
School District:Polk County School District
| Name | Grades | Distance |
|---|---|---|
Ben Hill Griffin Jr Elementary School 501 McLeod Road, Frostproof, FL 33843 | PK-5 | 5.7 mi |
Frostproof Middle/Senior High School 1000 North Palm Avenue, Frostproof, FL 33843 | 6-8 | 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 4924 Washington St
Date
Details
Price
Change
Source
2/13/2026
Listed
$230,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 4924 Washington St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,933
30%
$226,857
38%
2024
$2,250
9%
$164,573
3%
2023
$2,065
-18%
$159,780
8%
2021
$2,504
26%
$147,431
-5%
2022
$1,993
-20%
$155,126
14%
2021
$2,504
11%
$135,681
6%
2019
$2,249
7%
$127,495
9%
2018
$2,097
32%
$117,057
28%
2017
$1,587
16%
$91,165
33%
2016
$1,374
-1%
$68,756
6%
2015
$1,392
11%
$64,580
10%
2014
$1,252
8%
$58,709
10%
2013
$1,159
—
$53,372
—
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 4924 Washington St
4924 Washington Street, Lake Wales, FL 33859 (MLS# TB8475925) is a Single Family property with 4 bedrooms and 3 full bathrooms. 4924 Washington Street is currently listed for $230,000 and was received on February 13, 2026. Want to learn more about 4924 Washington Street? 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.

