6168 Arborea DRIVE, Lake Wales, FL, 33898 | $515,000

Discover the perfect blend of privacy, charm and potential with this enchanting home situated on ( TOTAL OF 1 ACRE) a . 50 acre CANAL LOT in Indian Lake Estates, complemented by an additional . 50 acre lot included in the sale—perfect for developing another home or expanding your private retreat all on a NEWLY PAVED ROAD. Ideal for an Airbnb/VRBO investment or your own getaway, this 1, 926 sq ft residence boasts three bedrooms, two full baths, and a half bath, along with both formal and informal dining areas, a bonus room, and a POOL with a screened lanai. This home is currently utilized as a VRBO at $225 per night and comes fully furnished, offering a turnkey solution for immediate occupancy or continued use as a profitable vacation rental

The great room, featuring double pocket sliders, extends seamlessly to an enclosed patio, providing stunning views and an ideal flow for hosting guests. The master suite boasts a walk-in closet and a newly remodeled ensuite with a separate tub and walk-in shower. Across the home, two additional bedrooms offer privacy and convenience, one with direct patio access.

The heart of the home, the kitchen, is equipped with extensive counter space, cabinetry, and dual pantries, adjacent to a breakfast nook for cozy meals. The nearby bonus room, currently a vibrant game room with a full bar, promises to be a favorite gathering spot with the close 1/2 bath.

State-of-the-art amenities include fiber optic internet, a generator, four-station irrigation system and an array of recent upgrades such as a new metal roof, HVAC system, water softener, and pool equipment such as heater, pump cartridge filter and chlorinator. The property also features a boat house with a new roof, new decking on the dock.

Just a five-minute boat ride to Lake Walk In Water, Polk County’s largest lake renowned for bass fishing, and surrounded by a community rich in recreational facilities including and 18 and 9-hole golf courses, a fishing pier, and a clubhouse, cafe, post office, church, library, fitness room, this home offers both tranquility and convenience. Whether as a lucrative Airbnb venture or a serene getaway, this property is a gateway to the best of Florida living, conveniently located an hour and half from Orlando’s attractions and Tampa’s Gulf Coast beaches. Experience the ultimate in country living with easy access to urban amenities. Don’t miss out on this exceptional investment opportunity at Indian Lake Estates, where the potential for expansion or a second home awaits. Visit: https: //www. indianlakeestatesinc. com/ for all of what Indian Lake Estates has to offer and CHECK OUT THE HOME VIRTUAL TOUR: https: //my. matterport. com/show/?m=Fvf2DrVHhao&brand=0

Features

  • Rooms: 10
  • Bedrooms: 3
  • Baths: 2 full / 1 half
  • Lot Size: 110 x 198
  • Laundry: Inside, Laundry Closet
  • Style: Ranch
  • Year Built: 1986
  • Heating: Central
  • Cooling: Central Air
  • Approx Sq. Feet: 1,936
  • Acreage: 1
  • Lot Size: 110 x 198
  • Est. Taxes: $4,224
  • HOA Fee: $751 Annually
  • Lot Desc: Cleared, Oversized Lot, Unincorporated
  • View: Trees/Woods, Water
  • Pool: In Ground, Screen Enclosure
  • Pet Policy: Yes
  • Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
  • MLS#: P4930145
  • Days on Market: 246 days
  • Website: https://www.raveis.com
    /prop/P4930145/6168arboreadrive_lakewales_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 1/23/2025 12:59:24 AM)
Listing courtesy of LPT Realty   Phone: 877-366-2213

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6168 Arborea DRIVE, Lake Wales, FL, 33898

$515,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $412,000 $412,000 $412,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.875% 6.990% 6.125%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.191% 7.159% 6.392%
Monthly Tax Payment $352 $352 $352
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $2,707 $2,738 $3,505
Total Monthly Payment $3,151 $3,182 $3,949

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.