244 E PARK AVENUE, LAKE WALES, FL 33853
LAKE WALES · Polk County
Key Facts
Description
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!
Property Information
Property Type
Commercial Sale
Year Built
1915
Living Area
8,480 sq ft
Lot Size
0.12 acres
Ownership
Other
Zoning
C-1
Days on Market
255
MLS® Listing#
K4903016
Property Features
Appliances
Cooling
Heating
Flooring
Lot Features
Construction
Foundation
Roof
Security
Utilities
Sewer
Water Source
Financial Details
Annual Taxes
$8,697
Tax year 2025
Parcel Number
27-30-01-883000-028020
Directions
From Hwy 27, turn east onto Central Ave, turn left onto Scenic Hwy, turn left onto Park Ave, building is on the left.
Affordability Calculator
$330,000
Estimated monthly payment
$8,782/mo
Principal $1,320,000 · Est. interest $1,841,517 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in LAKE WALES, FL
- $340,778
- Median Listing Price
- 81
- Median Days on Market
- 1,619
- Median Sq Ft
- $202
- Median Price / Sq Ft
- 2,452
- Active Listings
- This home’s price is 384% above the area median.
- Its price per sq ft is 4% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in LAKE WALES, FL.
Location
Points of Interest in LAKE WALES, FL
Showing the LAKE WALES area map.
Nearby Schools
Park Avenue Private School
School · 0.1 mi away
Lake Wales Charter Schools
School · 0.1 mi away
Candlelight Christian Academy
School · 0.2 mi away
Kirkland Gymnasium
School · 0.3 mi away
Polk Avenue Elementary School
Elementary · 0.4 mi away
Spook Hill Elementary
Elementary · 0.6 mi away
Roosevelt Academy
School · 0.8 mi away
Victory Ridge Academy
School · 0.9 mi away
McLaughlin Middle School
Secondary · 1.0 mi away
Lake Wales High School
Secondary · 1.1 mi away
Janie Howard Wilson Elementary
Elementary · 1.1 mi away
Hillcrest Elementary School
Elementary · 1.3 mi away
The Vanguard School
School · 2.5 mi away
Bok Academy
School · 5.4 mi away
Babson Park Elementary School
Elementary · 6.1 mi away
Chain of Lakes Elementary School
Elementary · 6.7 mi away
Garden Grove Elementary School
Elementary · 7.8 mi away
Dundee Ridge Middle School
Secondary · 7.9 mi away
Alturas Elementary School
Elementary · 7.9 mi away
Don E Woods Opportunity Center
Secondary · 8.7 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1979 10th Avenue N, Lake Worth Beach, FL | $1,175,000 | — | — | 3,600 |
| 8111 W Lake Drive, Lake Clarke Shores, FL | $1,175,000 | 3 | 3 | 1,850 |
| 220 Lake Shore Drive 1613, Lake Park, FL | $1,175,000 | 2 | 3 | 1,511 |
| 169 SW DUSK GLEN, Lake City, FL | $1,199,000 | 4 | — | 3,920 |
| 8433 Vaulting Drive, Lake Worth, FL | $1,199,000 | 4 | 4 | 3,703 |
| 3381 Lago De Talavera, Lake Worth, FL | $1,199,000 | 6 | 7 | 4,363 |
Moving Cost Estimate
EXIT Agents in LAKE WALES
Listing Courtesy: LEGACY REAL ESTATE CENTER INC - 863-676-0200
Last Updated: 2025-07-16