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9035 Temple Drive

Lake Wales, FL 33898
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Bed 6

Bed

Bath 4

Bath

Acres0.54

Acre(Lot)

THIS PROPERTY WON’T LAST LONG WITH A MAJOR $229,000 PRICE REDUCTION!! 3 UNIT MULTIFAMILY OPPORTUNITY WITH CANAL FRONTAGE LEADING TO LAKE-WALK-IN WATER. Located at the end of a private, dead-end street with 164 feet of canal frontage, this unique 0.54-acre multi-family property offers direct access to the 7,500-acre Lake Walk-In-Water—nationally renowned for its trophy bass fishing. Zoned R-3, this property features three existing units and the infrastructure to add a fourth, making it the ultimate versatile asset. Whether you are looking for a high-yield investment, a subsidized waterfront lifestyle, or a multi-generational getaway, this newly repriced asset is priced to move. CHOOSE YOUR STRATEGY: 1) The value-add investment at the newly reduced price of $229,000! The property generat es $2,075/month ($24,900/year) from just two occupied units (Units A and C), with tenants paying their own utilities. IMMEDIATE UPSIDE: Lease the currently vacant Unit B ($750.00/month) $33,900.00/year unlocking a massive DOUBLE-DIGIT CAP RATE!!! 2) The Waterfront "House Hacker" Stop paying a mortgage and start getting paid to live on the water. You can immediately move into Unit B—a vacant, sturdy 1975 concrete block apartment featuring a kitchenette and its own private dock. While you enjoy the lake lifestyle, your neighbors in Units A and C will generate $2,075/month which can easily cover your mortgage and property taxes ($3,177/yr), and insurance. You get to live on the water virtually for free while building equity. The Family Compound / Fish Camp: a multi-generational retreat or a shared family vacation property? This compound offers three distinct, private living spaces on one lot. With multiple docks and direct canal access just three blocks from the public boat ramp, it is the perfect setup for a family of outdoor enthusiasts. Keep it all for your family, or rent out one unit to cover the annual carrying cost. This multifamily property offers multiple strategies and won’t last long!

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $229,000

AD Id : 52300375

MLS Id : 317338

Beds : 6

Lot Size : 0.54 Acre

Year Built : 1989

Garage : 3

County : Polk

Subdivision: River Chase 9

  • Map Map

Map

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Feature Features

  • Bedroom Information

    Total beds: 6

    Bathroom Information

    Total Baths: 4 Full Baths: 4

    Roofing Information

    Metal

    Flooring Information

    Laminate, SimulatedWood
  • Interior Features

    Roof: Metal
  • Heating & Cooling

    Has Heating: Yes Heating: WallFurnace Has Cooling: Yes Cooling: OneUnit, WallUnits

  • Building Information

    Year Built: 1989
    Construction Materials: Block, MetalFrame, Concrete
    Stories: 1
    Frontage Length: 164
    Pool Features: None
    Private Pool: No
    View: Canal

  • Lot Information

    Main Square Feet: 0.54 Lot Size Acres: 0.54 Lot Size Square Feet: 23,522

  • Listing Price Information

    Listing Price: $229000
    Original Price: $259000
    Cash, Conventional

  • Tax Information

    Parcel Number: 29-31-05-000000-023030 Tax Year: 2025 Annual Tax: $3145.47 Tax Legal Desc: BEG NW COR OF SE1/4 RUN S 1001.23 FT TO 40 FT RD ELY ALONG C/L RD 309.13 FT FOR POB RUN N 18 DEG 54 MIN 33 SEC E 150.12 FT TO C/L WATERWAY ELY ALONG C/L 115.98 FT CONT N 81 DEG E 82.1 FT S 33 DEG 57 MIN 52 SEC W 217.39 FT S 31 DEG 06 MIN 01 SEC W 40 FT WLY 113.38 FT TO POB LESS N 25 FT &LESS S 20 FT BEING LOT 56 W INDIAN LAKE HGTS SUB

  • Parking Information

    Garage, ThreeOrMoreSpaces

    Garage Information

    Has Garage: Yes Garage Space: 3

  • Utility Information

    SewerNotAvailable
  • Location Information

    Direction: Head north on FL-17, turn south on T S Wilson Rd. In 5.4 miles turn right on Blue Jordan Rd and continue straight onto walker in water rd, turn right onto Boat Landing Rd then right on Tiger Creek Rd, arrived to destination 0.2 miles on the left. WaterSource: Private, Well
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
Undisclosed Address, Lake Wales, FL, 33898 $289,000 2 2 1,104 1,104 SqFt
18925 Sr-60, Lake Wales, FL, 33898 $498,000 3 2 1,288 1,288 SqFt
37 Appaloosa Trail, Lake Wales, FL, 33898 $219,000 1 1 747 747 SqFt
25294 Canterbury Drive, Lake Wales, FL, 33898 $279,900 3 2 1,280 1,280 SqFt
Highway 630 #74, Lake Wales, FL, 33898 $319,900 1 1 433 433 SqFt
Highway 630 #320, Lake Wales, FL, 33898 $319,900 1 1 350 350 SqFt
Highway 630 #329, Lake Wales, FL, 33898 $289,900 1 1 350 350 SqFt
330 Cr-630, Lake Wales, FL, 33898 $200,000 2 1 350 350 SqFt
325 Tiki Turn (hwy 630), Lake Wales, FL, 33898 $195,000 1 1 350 350 SqFt
Oleander Drive, Lake Wales, FL, 33898 $21,900 -- -- --

The data relating to real estate on this website comes in part from the Internet Data Exchange (IDX) Program of the Heartland Association of REALTORS®. IDX information is provided exclusively for consumers' personal non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. © 2026 Heartland Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 06/11/2026 @ 15:32

MLS: 317338 LISTED BY: Chet Maxcy, LPT Realty LLC 877-366-2213 SOURCE: HLAND

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