130 RIBBON PARKWAY, Lake Wales, FL 33898

• 2,154 sqft

Property Description

Exceptional income-producing waterfront property on peaceful Lake Starr with two private in-law suites — a rare feature few properties offer. This unique property includes a spacious main residence, a detached cottage, and a in-law suite with its own entrance and full privacy — ideal for multigenerational living, extended guests, or rental income. The first in-law suite is a private, attached upstairs suite featuring a full one-bedroom, one-bath layout with living area and full kitchen overlooking beautiful Lake Starr. The lower level provides additional storage and a dedicated laundry area. The second in-law suite is the detached cottage, currently rented, with a functional kitchen, bedroom, living area, ample storage, and washer/dryer hookup. Both in-law suites have separate electric meters, water tanks, and water heaters, allowing for fully independent utility management. Two septic systems — one for the main home and one for the cottage — further enhance flexibility. The main residence offers expansive living space, including a spacious primary suite with a large walk-in closet and an attached room with a private laundry area. Central AC and multiple mini-split systems ensure efficient climate control. Additional updates include a mid-section roof replacement approximately seven years ago, two storage sheds, newly installed handicap-accessible railing, and functional solar panels. 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 rare waterfront property combines versatile living, strong rental potential, and lifestyle appeal, offering two fully independent in-law suites, privacy, and beautiful lakefront views.

Listing Status:

Active

Date Added:

February 26, 2026

Data Last Updated:

February 28, 2026 at 10:24PM

Listing Office:

KELLER WILLIAMS REALTY SMART 1 : 863-508-3000

Listing Agent:

David Small : 407-601-8351

MLS ID:

L4959747

Interior

• General: Ceiling Fans(s)Solid Wood Cabinets
• Rooms: AtticBonus RoomFamily RoomInside UtilityInterior In-Law Suite w/Private Entry
• Appliances: DishwasherRangeRefrigerator
• Laundry: InsideLaundry Room
• Flooring: Ceramic TileWood
• A/C: Central AirMini-Split Unit(s)
• Heating: CentralElectric
• Fireplace: Wood BurningFireplace
• Eco/Green Feature: Solar

Exterior

• General: LightingPrivate EntranceRain GuttersSliding DoorsStorage
• Other Structures: Guest HouseShed(s)StoragePorchDeckRear PorchPatioCovered

Construction

• Roofing: Metal
• Windows: Blinds
• General: BrickVinyl SidingFrameOneCrawlspaceSlab

Location

• Road/Access: Paved
• Originating MLS: Stellar MLS
• County: Polk

Lot

• Zoning: MASON VILLA PB 23 PG 6 LOT 11 IN SEC 14 T29 R2727-29-14-860620-000110
• View: Trees/WoodsWater

Utilities

• Utilities: Cable AvailableCable ConnectedElectricity AvailableElectricity ConnectedPhone AvailablePrivatePublicWater AvailableWater Connected
• Water: Well
• Sewer: Septic Tank

Financial

• Source: Stellar MLS
• Ownership: Fee Simple