130 Ribbon Parkway, Lake Wales, FL 33898
Local realty services provided by:ERA Advantage Realty, Inc.
130 Ribbon Parkway,Lake Wales, FL 33898
$369,990
- 5 Beds
- 5 Baths
- 2,154 sq. ft.
- Single family
- Active
Listed by: david small, june asher
Office: keller williams realty smart 1
MLS#:L4959230
Source:MFRMLS
Price summary
- Price:$369,990
- Price per sq. ft.:$121.43
About this home
Discover an exceptional lakeside opportunity on peaceful Lake Starr! Featuring two private in-law suites — a rare find with very few properties offering this level of flexibility — this unique 5-bedroom, 5-bath waterfront property provides versatile living spaces and strong income potential, making it ideal for multigenerational living, investment, or a primary residence with rental flexibility.
The private in-law suites is an attached structure with its own entrance, full 1-bedroom, 1-bath layout, living area, and full kitchen, all overlooking beautiful Lake Starr. The suite also includes additional storage and a dedicated laundry area. (Currently tenant-occupied.)
A detached second-story cottage (also tenant-occupied) offers a functional kitchen, bedroom, living area, ample storage, and washer/dryer hookup. The in-law suite and cottage each have separate electric meters, separate water tanks, and separate water heaters, providing excellent flexibility for rental or independent living. The property also features two septic systems—one servicing the main home and one servicing the cottage.
The main residence includes multiple flexible living areas, additional bedrooms with private bath access and kitchenette options, and a spacious primary suite with a large walk-in closet. An attached bonus room with dedicated laundry space adds convenience. The main home is equipped with central AC along with several mini-split systems for added efficiency and comfort.
Additional improvements include a roof replacement to the middle section approximately seven years ago, newly installed handicap-accessible railing, two storage sheds, and backyard solar panels that are currently operational and connected.
Enjoy direct lake access—perfect for kayaking, paddleboarding, canoeing, and fishing—while being conveniently located just north of Downtown Lake Wales with easy access to US-27. This waterfront property offers space, privacy, flexibility, and income-producing potential with beautiful lake views on Lake Starr.
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Home facts
- Year built:1922
- Listing ID #:L4959230
- Added:1 day(s) ago
- Updated:February 27, 2026 at 12:38 AM
Rooms and interior
- Bedrooms:5
- Total bathrooms:5
- Full bathrooms:5
- Flooring:Ceramic Tile, Wood
- Kitchen Description:Dishwasher, Range, Refrigerator, Solid Wood Cabinets
- Basement Description:Crawlspace
- Living area:2,154 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central, Electric
Structure and exterior
- Roof:Metal
- Year built:1922
- Building area:2,154 sq. ft.
- Lot area:0.36 Acres
- Construction Materials:Brick, Frame, Vinyl Siding
- Exterior Features:Covered Porch/Patio, Deck, Lighting, Patio, Porch, Rear Porch
- Foundation Description:Slab
- Levels:1 Story
Schools
- High school:Lake Wales Senior High
- Middle school:Mclaughlin Middle
- Elementary school:Janie Howard Wilson Elem
Utilities
- Water:Public, Water Available, Water Connected, Well
- Sewer:Private, Public, Septic Tank
Finances and disclosures
- Price:$369,990
- Price per sq. ft.:$121.43
- Tax amount:$2,581 (2025)
Features and amenities
- Appliances:Dishwasher, Range, Refrigerator
- Laundry features:Inside, Laundry Room
- Amenities:Cable Available, Cable Connected, Ceiling Fans(s), Electricity Available, Phone Available, Solid Wood Cabinets
- Pool features:Public Pool
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