920 LAKE COVE TRAIL, Lakeland, FL 33813

• 4 beds |
• 3 baths |
• 2,542 sqft

Property Description

Short Sale. Short Sale!!! Investor opportunity with endless potential on Little Lake Victoria! This rare short sale property sits on 1.68 secluded acres in South Lakeland on a private peninsula with water on three sides, offering breathtaking lake views from nearly every room. If you’ve been searching for a one-of-a-kind waterfront estate to renovate and transform into something spectacular, this is it. The main home features 4 bedrooms and 3 bathrooms, including a private 4th bedroom suite located off the garage with its own entrance and bathroom — ideal for an older child wanting independence, guests, a home office, or multigenerational living. While the home needs significant updating and repairs, the setting and layout offers incredible possibilities for the right buyer with vision. Adding even more value and opportunity is the detached 2 bedroom, 2 bathroom cottage located on the property. The cottage is currently not livable after sustaining major roof damage during the last hurricane, but the potential is undeniable. With extensive renovation, it could become an income-producing rental, AirBnB, guest house, or the perfect detached in-law home for an amazing family compound. Important updates already completed on the main home include a new roof, septic system, and drainfield in 2020, along with a new AC in 2017. This property is being sold as a short sale and will require lender approval. The listed price is not guaranteed to be the final accepted sales price. Buyers should expect a lender response time of approximately 60–90 days. Cash offers only due to the condition of the property. Bring your vision, roll up your sleeves, and look beyond the tall grass and deferred maintenance — because this hidden waterfront estate could truly become paradise once again. NO SITE UNSEEN OFFERS WILL BE CONSIDERED!

Listing Status:

Active

Date Added:

May 11, 2026

Data Last Updated:

May 12, 2026 at 5:24AM

Listing Office:

REGAL REAL ESTATE LLC : 863-660-7927

Listing Agent:

Debbie Ward-Terry : 863-660-7927

MLS ID:

L4961807

Interior

• General: Ceiling Fans(s)Living Room/Dining Room ComboOpen FloorplanPrimary Bedroom Main FloorWalk-In Closet(s)
• Rooms: Den/Library/OfficeFlorida RoomInside Utility
• Appliances: Built-In OvenCooktopDishwasherRange HoodRefrigerator
• Laundry: Inside
• Flooring: CarpetCeramic TileLaminateTile
• A/C: Central Air
• Heating: Central
• Fireplace: Family RoomFireplace

Exterior

• General: BalconyOtherSliding DoorsStorage
• Style: Florida
• Other Structures: Additional Single Family HomeGuest HouseEnclosedPorchWrap AroundDeckRear PorchScreenedPatioSide PorchCoveredOther

Construction

• Roofing: Shingle
• General: Wood SidingOneSlab

Location

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

Lot

• Zoning: R-1W 200 FT OF E 330 FT OF S 370 FT OF NW1/4 OF SW1/4 LESS THAT PART LYING WITHIN FOLL DESC PROP: COMM SW COR OF NE1/4 OF SW1/4 RUN W 9 FT TO POB N 245 FT W 133.11 FT S 245 FT E 133.11 FT TO POB & N 22 FT OF W 100 FT OF S 392 FT OF E 330 FT OF NW1/4 OF SW1/4 OF SEC24-29-18-000000-043040

Utilities

• Utilities: Cable AvailableElectricity Connected
• Water: Public
• Sewer: Septic Tank

Financial

• Source: Stellar MLS
• Ownership: Fee Simple