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    Furnished Condo with Lagoon Views Title is generated by Realmo AI

    8203 VILLAGE DRIVE 8203, Lake Wales, FL 33898

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    For Sale
    $139,900

    Move-in ready, furnished 2 bed, 2 bath condo with sunset views.

    Type:Condo/Townhome
    Property size:
    1,088 SF
    Lot size:
    0.01 Acres
    Price / SF:
    $128/SF
    Added:
    Sep 4, 2024
    Days on Market:
    673
    Last Refresh:
    Apr 5 at 10:36 pm

    Property Features for 8203 VILLAGE DRIVE 8203

    General Information

    Standard status
    Active
    Size
    1,088 SF
    Lot size
    0.01 Acres
    Property subtype
    Condo/Townhome

    Building Details

    Year Built
    1983

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    Shannan Mackail

    Listing office 1513 REALTY LLC

    Listing date Sep 4, 2024

    Source Exitrealty

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of 1513 REALTY LLC

    HighLights

    • Beautifully furnished 2 BD/ 2 BA condo with sunset views across a peaceful lagoon with fountain.
    • Access to community clubhouse with heated pool and hot tub.
    • Convenient Central Florida location, an hour from Tampa or Orlando.
    • Open floor plan ideal for entertaining and everyday living.
    • Primary bedroom with walk‑in closet, access to Florida room, and private bathroom.
    • Optional membership to Lake Wales Country Club with golf course, pro‑shop, restaurant, lounge and tennis courts.

    Overview

    This is a beautifully furnished condo featuring 2 bedrooms and 2 bathrooms, highlighted by soaring cathedral ceilings and views of the sunset across a lagoon with a fountain. The well-maintained residence has an open floor plan connecting the living areas, dining area, and kitchen. The Florida room provides space for a home office. The primary bedroom includes a walk-in closet, sliding glass doors to the Florida room, and a private bathroom. The guest room has a balcony with a view of the golf course, and the guest bathroom features a tiled stand-up shower. A utility closet houses the washer and dryer, and there is also a large storage closet. Located in Country Club Village, the community offers a clubhouse with a heated pool and hot tub. Optional membership to the Lake Wales Country Club provides access to an 18-hole championship golf course designed by Donald Ross, a pro-shop, restaurant, lounge, and tennis courts. The property is located in Central Florida, offering convenience for local needs and is approximately one hour from Tampa or Orlando and one and a half hours from either coast for access to beaches. The property contains 1088 square feet. This move-in ready home is suitable for personal use or as an investment property.

    Local Financial Insights For Apartment 5plus

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $20.0k $18.36
    − Vacancy −$1.2k −$1.14
    EGI $18.7k $17.22
    − OpEx −$8.4k −$7.75
    NOI $10.3k $9.47
    1,088 SF · lease $18.36/SF/yr · vacancy 6.20% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $147.2K
    $128.8K – $171.8K (±1% cap)
    NOI $10,305 @ 7.0% cap · market cap 7.37%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $261.5K
    $228.8K – $305.0K (±1% cap)
    NOI $18,302 @ 7.0% cap · market cap 13.08%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential income properties

    Suggested Use

    Hair Salon HVAC Service Electrical Service Spa & Massage Center Locksmith (Bike/Boat/Book/etc) Store Cafe & Coffee Shop Home Appliance Store Grocery & Convenience Store (Bike/Boat/Book/etc) Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lake Wales
    County
    Polk
    State
    Florida
    Longitude
    -81.5377766
    Latitude
    27.8964441

    FAQs

    What type of property is this?
    Residential income property - Move-in ready, furnished 2 bed, 2 bath condo with sunset views.
    Where is this residential income property located?
    The property is located at 8203 VILLAGE DRIVE 8203 Lake Wales, FL.
    What is the asking price?
    The asking price for this property is $139,900.
    What are key features of this property?
    This property features: Beautifully furnished 2 BD/ 2 BA condo with sunset views across a peaceful lagoon with fountain.; Access to community clubhouse with heated pool and hot tub.; Convenient Central Florida location, an hour from Tampa or Orlando.
    More about this property
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