For sale· 220 days on market

244 PARK

Lake Wales, FL, 33853·MLS# K4903012

$1,650,000

Estimated $10,806/mo estimated

6
Bedrooms
10
Bathrooms
8,480
Sq ft
0.12 ac
Lot size
1915
Year built
$195
Per sq ft
  • Residential Income
  • Built 1915

About this home

Truly rare opportunity to own a piece of Lake Wales History and the painstaking task of historic preservation has already been done! Built in 1915, the J.T. Rhodes Building was one of the first two brick-and-mortar buildings in Lake Wales. The City owes its origin to the building, where the villagers gathered upstairs in what was then the Masonic Hall on the night of April 27, 1917 to sign a petition to the Legislature for the issuance of a city charter. The Legislature responded by incorporating the City, whose charter was signed into law by Governor Sidney J. Catts on May 28, 1917. This amazing piece of architecture is home to one of the few mixed-use buildings in downtown. Downstairs are 2 commercial suites, with long term tenants in place! Upstairs you will find 4 well-appointed and thoughtfully designed apartments! All of the apartments have in unit laundry, modern kitchens with all new appliances, original hardwood flooring, timeless baths, spacious rooms and high ceilings... all while maintaining the historic character & charm! The completion of this building is perfectly timed with the revitalization of downtown Lake Wales, the property is positioned at the heart of the city's walkable new streetscape - complete with brick paved streets, lush park-like settings and a growing calendar of community events! The City is in the process of designating downtown Lake Wales an Arts, Cultural & Entertainment (ACE) District which will provide an environment welcoming growth and promoting prosperity! The investment in this renovation and historic preservation is unmatched, with no detail overlooked. The goal was to preserve this piece of history for the next 100 years and every decision was made with that long term vision.... An invaluable gift to the person lucky enough to be the new owner, entrusted with the legacy of the J. T. Rhodes building!

Facts & features

Interior

Bedrooms
6
Bathrooms
10 full
Living area
8,480 sqft

Property

Type
ResidentialIncome
Year built
1915
Lot size
0.12 acres

Financial

Annual taxes
$8,696.7
Price / sqft
$195

Estimate your monthly payment

$330,000

$10,806/ month estimated

  • Principal & interest$8,605
  • Property tax$1,513
  • Insurance$688

Illustrative estimate — not a lending offer.

Location

Lake Wales, FL

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Courtesy of LEGACY REAL ESTATE CENTER INC

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Listing data courtesy of LEGACY REAL ESTATE CENTER INC. My request routes to reThought Real Estate in DashBrew CRM.

$1,650,000

6 bd · 10 ba · 8,480 sqft