new - 4 days on rocket

406 Masterpiece Rd, Lake Wales, FL, 33898

$1,700,000

Home List Price

$10,000*

Closing Credit

5 Bedrooms
3 Full Baths, 1 Partial
4,795 SqFt
$355/SqFt
House

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

406 Masterpiece Rd, Lake Wales$1,700,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence
Year Built1925
HeatingCentral, Electric
CoolingCentral Air
WaterfrontLake Front
ViewWater
Private PoolYes
MLS #S5117531
Lot Size6.25 Acres
StatusActive

About 406 Masterpiece Rd

Stunning updated 1925 Tuscan Estate with Breathtaking Lakefront Views Welcome to this magnificent 5-bedroom, 4-bathroom estate nestled on over 6 acres of prime real estate. This amazing property is currently undergoing an extensive renovation project. To Date, the seller has complete new perimeter fence spanning approximately 413 feet, drive way and sides of house totally repaved, new windows and doors, add on room with garage (perfect for office space), removed and replaced galvanized plumbing system, home completely stuccoed and repainted to give new look, upgraded x2 bathrooms, installed entirely new A/C system. The home is sold 'as-is' in its current condition however interior projects are ongoing and the price will be adjusted as the owners vision is completed (plans include opening up kitchen space and installing new kitchen, summer grilling /outdoor kitchen pavilion, new interior flooring and much much more). Buyer can buy 'as-is' or owner will consider an offer building out the interior of the home to buyers specifications. The home boasts an expansive family room featuring a majestic stone fireplace and wet bar, separate dining room, master bedroom with ensuite and walk-in closet. This property offers amazing panoramic views of Starr Lake and the iconic Bok Singing Tower, adding to the serene and peaceful surroundings. Step outside to enjoy the resort-style amenities, including a beautiful pool, patio area, gazebo, and a newly renovated exterior with a new roof and stucco. A bonus feature is the detached garage with a private mother-in-law suite, complete with a relaxing Jacuzzi for ultimate comfort. Located approximately 30 minutes from Disney and downtown Orlando, this property offers both seclusion and convenience. This home is a one-off opportunity. Don’t miss your chance to own this one-of-a-kind estate! Contact us today to arrange a showing. Please note the White Grande Piano and other furnishings are not included in the sale.

Property Details

Property Features

Property Information:

  • Architectural Style: Custom, Florida
  • Year Built: 1925
  • Stories: 2
  • Living Area: 4,795 SqFt

Listing Office:

  • Office Name: LUXURY ORLANDO REAL ESTATE
  • Office Phone: (407) 705-7634
  • Listing Agent: Carl Johnson

Interior Features

Interior Information:

  • Appliances: Oven, Cooktop, Dishwasher, Electric Water Heater, Refrigerator
  • Flooring Type: Carpet, Tile
  • Interior: Built-in Features, Cathedral Ceiling(s), Ceiling Fans(s), Eat-in Kitchen, High Ceilings, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Skylight(s), Solid Wood Cabinets, Split Bedroom, Walk-In Closet(s), Wet Bar

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 3
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Private Pool: Yes
  • Waterfront: Lake Front
  • View: Water
  • Exterior: Lighting, Sliding Doors

Virtual/3D Tour

  • Virtual Tour: 406 Masterpiece Rd
Virtual Tour

Lot Features

Lot Information:

  • Lot Size: 6.25 Acres

Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Central Air

Other

Directions Information:

  • Directions: From Scenic Hwy.(SR-17) turn on Masterpiece Rd., approximately ½ mile the home will be on the RIGHT.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,700,000
  • Price Per SqFt: $355/SqFt

Tax Information:

  • Annual Amount: $5,752
  • Tax Year: 2020
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

See how this home compares to others in Lake Wales, FL.

Map thumbnail provided by MapBox

Lake Wales, FL

City

Med. Sold Price

$276.9K

Med. Price/SqFt

$177

Avg. Days On Market

75

# of Sold Homes

35

406 Masterpiece Rd vs Lake Wales

4 DAYS ON ROCKET

-71 Days

$1,700,000

+$1.4M More

$355/SqFt

+$178 More

KEY TAKEAWAY

This property is $1.4M more than the Median Sold Price and $178/SqFt more than other homes in Lake Wales, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MFRMLS
  • MLS Number: #S5117531

Listing Office:

  • Office Name: LUXURY ORLANDO REAL ESTATE
  • Office Phone: (407) 705-7634
  • Listing Agent: Carl Johnson

IDX Listings courtesy of Stellar MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX Copyright 2025 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/4/2025, 10:49:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Mar 02, 2016Home Sold
$380,000

Tax History

YEARPROP. TAXASSESSMENT
2020$5,752$381,114
2018$5,593$359,875
2017$5,593$360,047

History based on county public records data.

Payment Calculator

$8,552

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,163

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-509886
2
/10

  • Janie Howard Wilson School

  • 306 Florida Ave

  • 3.01 miles

  • Public Charter Grades PK-5

school-card-donut-509887
2
/10

  • Spook Hill Elementary School

  • 321 Dr J A Wiltshire Ave E

  • 3.46 miles

  • Public District Grades PK-5

school-card-donut-509888
2
/10

  • Polk Avenue Elementary School

  • 110 E Polk Ave

  • 4.46 miles

  • Public Charter Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $43,599. The majority of Lake Wales, FL residents have income between $35k-100k annually. Residents typically live in married, no kids family. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 406 Masterpiece Rd

What is the listing price of this property?

The listing price of 406 Masterpiece Rd property is $1,700,000.

What type of property is this?

The property 406 Masterpiece Rd is a house located in Lake Wales, Florida, 33898.

Is this property for sale now?

Active Listing: 406 Masterpiece Rd is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $5,752 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on March 2, 2016 for $380,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 406 Masterpiece Rd has 5 bedrooms and 3 full and 1 half bathrooms.

What is the square footage of this property?

The property 406 Masterpiece Rd is 4,795 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 406 Masterpiece Rd is 1925.

Rocket Homes›Florida›Polk County›Lake Wales›33898›406 Masterpiece Rd

This home is located at 406 Masterpiece Rd in Lake Wales, FL and zip code 33898. This 4,795 square foot home, which was built in 1925, sits on a 6.25 acre lot. Features: 5 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since December 31, 2024 and is currently priced at $1,700,000.

While more than 3 listings in Lake Wales, FL in December 2024 were sold above asking price, there were more than 9 listings sold at asking price, and more than 23 were sold below. The inventory of homes for sale in Lake Wales, FL between November 2024 and December 2024 decreased by 3.7%. While the average time on the market in December 2024 was 75 days, the median list price was $276,900.

From Rocket Homes Real Estate and based on county public records data.

More Resources