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130 RIBBON PARKWAY
LAKE WALES FL 33898 US

$369,990

Active Listing ID L4959747
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Lot: 0.36 Acres
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$369,990

Active Listing ID L4959747
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130 RIBBON PARKWAY 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.

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Property Features

  • Facts
  • Lot Size: 0.36 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Cooling System: Central Air, Ductless, Multi Units
  • Exterior Finish: Lighting, Private Entrance, Rain Gutters, Sliding Doors, Storage
  • Floor Covering: Tile, Tile - Ceramic, Wood
  • Roof Type: Metal
  • Heating Fuels: Central, Electric (Heating), Fireplace(s)
  • Additional Features
  • Fireplace
  • Waterfront

School Information

  • School
  • Janie Howard Wilson Elem(Elementary)
  • Mclaughlin Middle(MiddleSchool)
  • Lake Wales Senior High(HighSchool)

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 369990
  • unparsedaddress: 130 RIBBON PARKWAY
  • postalcity: LAKE WALES
  • stateorprovince: FL
  • country: US
  • postalcode: 33898
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.36
  • lotsizeunits: Acres
  • lotsizearea: 0.36
  • livingarea: 2154
  • livingareaunits: Square Feet
  • latitude: 27.959991
  • longitude: -81.591907
  • listagentfullname: David Small
  • listagentemail: david@dreamhomescentralflorida.com
  • listagentkey: 3yd-MFRMLSFL-255001873
  • listagentmlsid: 255001873
  • listagentpreferredphone: 8635083000
  • listagentofficephone: 8635083000
  • listofficekey: 3yd-MFRMLSFL-255000256
  • listagentstatelicense: 3319175
  • listofficemlsid: 255000256
  • disclaimer: Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MFRMLSFL
  • yearbuilt: 1922
  • listingcontractdate: 2026-02-19
  • countyorparish: Polk
  • parcelnumber: 27-29-14-860620-000110
  • elementaryschool: Janie Howard Wilson Elem
  • highschool: Lake Wales Senior High
  • appliances: Dishwasher, Range, Refrigerator, Washer
  • cooling: Central Air, Ductless, Multi Units
  • constructionmaterials: Brick, Frame, Vinyl Siding
  • flooring: Tile, Tile - Ceramic, Wood
  • heating: Central, Electric (Heating), Fireplace(s)
  • numberofunitstotal: 2
  • fireplaceyn: True
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • parkingfeatures: Garage, Garage - Attached
  • roof: Metal
  • waterfrontyn: True
  • franchiseaffiliation: Keller Williams Realty
  • interiorfeatures: Ceiling Fans(s), Solid Wood Cabinets
  • exteriorfeatures: Lighting, Private Entrance, Rain Gutters, Sliding Doors, Storage
  • waterfrontfeatures: Lake Front, Waterfront
  • architecturalstyle: Other
  • otherstructures: Storage
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: False
  • location: -81.5919, 27.959991
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Smart Realty of Winter Haven LLC", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"david@dreamhomescentralflorida.com", "ListBrokerageCity":"Winter Haven", "ListBrokerageCountry":"US", "ListBrokerageEmail":"bill.kilpatrick@kw.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/MFRMLSFL/fcf28d51814d11e9a85c0242ac11000c/20210303140901688.png", "ListBrokerageName":"Smart Realty of Winter Haven LLC", "ListBrokeragePhone":"863-508-3000", "ListBrokeragePostalCode":"33880", "ListBrokerageStateOrProvince":"FL", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"407 1st Street South", "ListBrokerageWebsiteUrl":null, "ListOfficeAddress1":"407 First Street South", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":null, "ListOfficeCity":"Winter Haven", "ListOfficeCountry":"US", "ListOfficeEmail":"klrw622@kw.com", "ListOfficePostalCode":"33880", "ListOfficeStateOrProvince":"FL", "ListPriceCurrencyType":"USD", "ListingTitle":"Multi-Family 5+ - LAKE WALES, FL", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/130-Ribbon-Pkwy_Lake-Wales_FL_33898_M97092-08184?f=listhub&s=MFRMLSFL&m=L4959747&c=rexren", "MLSModificationTimestamp":"2026-02-26T19:01:10Z", "Neighborhoods":[], "PostalCode":null, "RawPropertySubType":"Multi-Family 5+", "RawPropertyType":"Residential Income", "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":2581, "TaxDescription":null, "TaxYear":"2025"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 2/27/2026 2:05:44 AM GMT
Source Updated Date: 2/27/2026 12:54:41 PM GMT

Courtesy of: David Small, KELLER WILLIAMS REALTY SMART 1, david@dreamhomescentralflorida.com

Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.