4151 NELSON ROAD
About This Property
Welcome to this beautifully maintained home, offering a spacious and functional living space in the heart of Lake Wales, just a few blocks from the serene Lake Pierce. This home boasts a well-designed split-bedroom floor plan and includes a bonus room, perfect for a den, media room, or an additional bedroom, depending on your needs.
Inside, you'll be greeted by bright, natural sunlight that pours into the spacious and comfortable rooms, creating a cozy and welcoming atmosphere throughout. The large attached garage provides ample storage space, and the stone-paved patio is perfect for outdoor entertaining or relaxation by the sparkling pool. The upstairs balcony/sun deck offers a peaceful view, ideal for unwinding after a long day.
Situated in a quiet and peaceful neighborhood, you'll enjoy the tranquility of the streets while being just a short drive from downtown Lake Wales, local parks, Bok Tower Gardens, shopping, and more. Outdoor enthusiasts will love being close to the public boat ramp to Lake Pierce for boating and fishing, making this home an ideal getaway.
With five functional bedrooms and the option to easily convert the bonus room into a bedroom, this home is perfect for families, vacationers, or anyone seeking a versatile space to call their own. Whether you're looking for a permanent residence or an income-producing AirBnB property, this home is well-kept and ready to offer you everything you need.
Located conveniently between Orlando and Tampa-just a one-hour drive away-this central Florida location provides easy access to major highways, making it an excellent choice for those wanting the perfect balance of quiet living and city convenience.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 30, 2026 | Sold | ||
| Sold | |||
| Apr 1, 2026 | In contract | - | |
| In contract | |||
| Mar 4, 2026 | Listed by KELLER WILLIAMS REALTY AT THE LAKES | $435,000 | |
| Listed by KELLER WILLIAMS REALTY AT THE LAKES | |||
| Aug 11, 2025 | Price Decreased |
$435,900
↓ $4K
(0.9%) | |
| Price Decreased | |||
| Jun 12, 2025 | Listed | $439,900 | |
| Listed | |||
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Make this Beautiful Two Story POOL House Filled with Character your Home! Located in LAKE WALES just outside of town and a few blocks from beautiful Lake Pierce. This SPACIOUS 4 BEDROOMS 3 BATH HOME features a bonus room that could function as a den or media room and would convert easily into a bedroom, fenced in backyard, balcony/sun deck, STONE PAVED patio. Home features a split bedroom floor plan, HUGE attached garage and much more. This home is an AirBnB and well kept just a short drive from downtown Lake Wales, a public boat ramp to Lake Pierce, public parks, Bok Tower Gardens, shopping and more. Only a one hour drive to Orlando or Tampa and just a short. This home is in the middle of Central Florida make your appointment today!
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About Polk
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017