Property Description:
This 2-bed, 1-bath lakefront home on W Main St sits on a generous .33-acre lot with direct water views — a rare find in this quiet Polk County community. With 1,089 sq ft of living space (1,545 sq ft under roof), a flexible layout, and room to expand, this property offers a golden opportunity for the right investor to unlock serious upside.
🔧 Rehab with Reward – Build Out a 3/2 Layout
The home is currently a 2/1, but there’s already space in place to add a third bedroom and second bath — a proven ARV booster based on nearby comps. The structure has undergone prior work, but some of it needs to be readdressed to meet full potential.
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Termite tenting needed
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Roof was overlaid and will likely need a proper replacement
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Subfloor and floor joists need reinforcement in one area due to minor slope
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Siding and exterior trim are incomplete
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Interior paint, door casings, and finishes still required
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Rear bedroom and bath need to be built out (optional)
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Some electrical, plumbing, and mini-split work may be necessary
The good news: the home is vacant, materials are already onsite, and it’s priced with plenty of margin for the improvements needed. With the foundation already offering flexibility and the layout supporting expansion, a smart rehab can transform this into a standout lakefront 3/2.
📊 What the Market Says
You’re surrounded by homes trading between $220K and $260K — and most of them are not lakefront.
📈 Nearby Sales & Listings
Active & Pending
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🔵 433 Main St – 3/2, 1,062 sq ft – Listed at $194,322 ($183/sqft)
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🔵 334 Main St – 4/2, 1,512 sq ft – Pending at $179,000 ($118/sqft)
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🔵 315 H L Smith Rd – 4/2, 1,832 sq ft – Pending at $210,000 ($115/sqft)
Recent Sales
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🔵 333 W Gates Ave – 4/2, 2,040 sq ft – Sold for $235,000 ($115/sqft)
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🔵 65 Poinsettia Dr – 2/2, 988 sq ft – Sold for $253,000 ($256/sqft)
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🔵 314 H L Smith Rd – 3/2, 1,095 sq ft – Sold for $220,000 ($201/sqft)
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🔵 122 Gordon Dr – 3/2, 1,231 sq ft – Sold for $259,900 ($211/sqft)
📍 Lake Hamilton, FL — A Waterfront Gem on the Rise
Tucked between Winter Haven and Haines City, Lake Hamilton is a small, lakeside town seeing increased investor activity and price growth. This home sits just minutes from the action but offers a peaceful, waterfront setting you won’t easily find elsewhere.
💡 Whether you’re looking to flip, hold, or short-term rent, this property is a rare lakefront play with room to build in equity — and the path to value is clear.