For sale· 311 days on market

651 LORRAINE

Lake Wales, FL, 33853·MLS# L4955658

$290,000

Estimated $1,899/mo estimated

5
Bedrooms: 2
Bathrooms: 1,864
Sq ft: 0.31 ac
Lot size: 1957
Year built: $156
Per sq ft

Residential
Built 1957

About this home

Welcome to 651 Lorraine Circle! Great investment opportunity! This property is currently tenant-occupied, making it an excellent option for investors seeking immediate rental income. This beautifully maintained home is located in the heart of Lake Wales, an up-and-coming area known for its family-friendly atmosphere and great schools. Convenience is key—you’re just minutes from shopping, dining, medical centers, and local attractions, all while enjoying a quiet residential setting. Major updates already done for you! The roof, water heater, and AC were all replaced about two years ago, offering peace of mind and lower maintenance costs. Whether you’re expanding your portfolio or planning for future use, this property offers incredible potential in a growing community with easy access to major highways.

Facts & features

Interior

Bedrooms: 5
Bathrooms: 2 full
Living area: 1,864 sqft

Property

Type: Residential
Year built: 1957
Lot size: 0.31 acres

Financial

Annual taxes: $2,781.87
Price / sqft: $156

Estimate your monthly payment

Down payment$58,000

Interest rate

Loan term

$1,899/ month estimated

Principal & interest$1,512
Property tax$266
Insurance$121

Illustrative estimate — not a lending offer.

Location

Lake Wales, FL

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Courtesy of DALTON WADE INC

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$290,000

5 bd · 2 ba · 1,864 sqft