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$475,000

Beds
4
Baths
3.0
sq ft
3,269

722 Lake Martha Dr NE, Winter Haven, FL 33881

722 Lake Martha Dr NE

WINTER HAVEN, FL 33881

  • 298 days on market
    • Price drop $25,000↓
Absolutely stunning and completely remodeled, this 4-bedroom, 3-bathroom lakefront property with a Mother-In-Law Suite in Winter Haven, FL, is the epitome of luxury living. Set on a sprawling .69-acre double lot with awe-inspiring views of the lake, this home seamlessly combines elegance with functionality, offering a lifestyle of unparalleled sophistication. Home is nestled in a corner double lot with a beautiful lake view that will never change because the home includes the additional lot across the street that goes into Lake Martha. Upon entering, you're welcomed by a sense of sophistication, with new flooring that graces the entire home. Meticulously updated with fresh paint, the interior exudes a welcoming and contemporary atmosphere, flooded with natural light that accentuates the bright and airy ambiance. This home has been completely renovated from top to bottom and features a new roof, new A/C system, new kitchen, new EVERYTHING! The heart of this home lies in its state-of-the-art kitchen, featuring brand-new stainless steel top of the line LG appliances, beautiful quartz countertops and new modern 42" cabinets with plenty of counter space and convenient center island with a quartz waterfall. Whether you're an aspiring chef or a seasoned culinary enthusiast, this kitchen is designed to inspire. The adjacent dining area opens up to panoramic lake views, providing a stunning backdrop for your meals. The spacious sized bedrooms are two or three times the size of new home bedrooms and boast ample closet space, and the bathrooms have undergone complete renovations, showcasing modern fixtures and finishes. The master suite serves as a private oasis, offering tranquility and breathtaking views of the lake. Beyond being a dream home, this property presents an exceptional investment opportunity. The 1-bedroom, 1-bathroom mother-in-law suite, complete with 868 sqft and its own driveway, is a potential income-generating gem, with estimated monthly earnings of around $1500-$1750 a month for a long-term tenant or AIRBNB the Mother-in-Law Suite for a potential revenue of $2000-$4000 a month as a short-term rental. Fully equipped and beautifully designed, the suite is sure to attract tenants seeking both comfort and style. The exterior has been revitalized with a new roof, fresh paint, new outside tile, new windows, new shutters, a big palm tree and lush green grass, creating impressive curb appeal. The expansive front yard extends across the street to the lake, offering a serene retreat for outdoor activities or simple relaxation. Imagine enjoying breathtaking sunsets or hosting unforgettable gatherings with friends and family in this picturesque setting. Build a dock and bring your boat or jet-skis and enjoy the lakefront living amenities and fun activities. Build a deck in your lot across the street and enjoy your private fishing oasis or the beautiful sunsets of Lake Martha. The possibilities are endless with this amazing renovated lakefront home with the income generating potential of the Mother-in-Law suite and the extra lot included with this home. Conveniently situated near restaurants, shopping centers and renowned recreational parks such as Legoland, Peppa Pig Park, Universal Studios, Disney World, Sea World and Animal Kingdom, this property strikes the perfect balance between tranquility and accessibility. Seize the opportunity to make this beautiful lakefront property your new home or investment venture.

Details

Property type

Single Family Residence

Est. home value

$326,350

Lot size

0.69 acres

Price per sq ft

$146

Year built

1951

Annual property taxes

$4,286.29

HOA

No

Price History

11/05/2024
StellarMLS

StellarMLS #T3500768

Price change
$475,000
-5%
07/28/2024
StellarMLS

StellarMLS #T3500768

Price change
$500,000
-2.91%
06/24/2024
StellarMLS

StellarMLS #T3500768

Price change
$515,000
-0.96%

Schools & Community

Elementary school: 

Fred G. Garnier Elem

Middle school: 

Denison Middle

High school: 

Winter Haven Senior

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

United Midwest Savings Bank

Loan start date

November 2006

Original loan amount

$332,000

Est. remaining balance

Not provided

Interest rate

8.25%

Loan type

Not Provided, 27 year

Seller

Steve W Sharp and Phyllis A Sharp

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 11/22/2024 at 8:45 PM

Listing updated: 11/17/2024 at 3:13 PM

Listed by: Daniel Perez, REAL BROKER, LLC Phone #: (407) 279-0038

MLS: StellarMLS #T3500768

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Recently listed in WINTER HAVEN