Furnished Condo with Lagoon
8203 VILLAGE DRIVE 8203, Lake Wales, FL 33898
Move-in ready, furnished 2 bed, 2 bath condo with sunset views.
Type:Condo/Townhome
Property size:
1,088 SFLot size:
0.01 AcresPrice / SF:
$128/SF- Added:
- Mar 24, 2026
- Days on Market:
- 61
- 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
Listing agent Shannan Mackail License #3586972
Listing office 1513 REALTY LLC (863) 431-2000
Listing date Mar 24, 2026
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.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$114.5K
NOI $10,305 @ 9.00% cap · cautious / downside scenario
Moderate
$147.2K
NOI $10,305 @ 7.00% cap · market / base-case scenario
Aggressive
$206.1K
NOI $10,305 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Apartment 5plus
| 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 Use Scenarios
Best Use
Apartment 5plus
$147.2K
$128.8K – $171.8K
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
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
Location Insight
- Map
- Local Demand
- City
- Lake Wales
- County
- Polk
- State
- Florida
- Longitude
- -81.5377766
- Latitude
- 27.8964441
Nearby Similar for Sale
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.
