Description
This 2-bed, 1-bath lakefront home in Lake Hamilton sits on a rare .33-acre lot with direct water views — and with just a light cosmetic finish needed, it’s a value-add opportunity with serious potential in a growing Polk County pocket.
At 1,089 sq ft of living space (1,545 sq ft under roof), this crawl-space frame home offers both expansion and layout flexibility. There’s a back room already in place that could easily become a third bedroom, and the floorplan supports a second bath — a major ARV booster. With a new roof in 2025, new appliances, and a new water heater, the big items are already checked off.
🛠️ Light Rehab — Add a Bath + Bonus Room
The home is vacant and comes with finishing materials on site. Add a bathroom in the rear to match comps and push resale — the crawlspace foundation makes that easier and less expensive. A layout tweak plus minor cosmetic updates is all it takes to bring this one to full retail value.
📊 What the Market Says
The comps are telling a clear story. Nearly all are larger homes, with more beds/baths, and not lakefront — yet they’re selling between $220K and $260K. With a finished layout and added bath, this one could sit comfortably in that range (or higher) due to lot size and waterfront position.
📈 Nearby Sales & Listings
Active & Pending
🔵 433 Main St – 3/2, 1,062 sq ft – Listed at $194,322 ($183/sqft)
🔵 334 Main St – 4/2, 1,512 sq ft – Pending at $179,000 ($118/sqft)
🔵 315 H L Smith Rd – 4/2, 1,832 sq ft – Pending at $210,000 ($115/sqft)
Recent Sales
🔵 333 W Gates Ave – 4/2, 2,040 sq ft – Sold for $235,000 ($115/sqft)
🔵 65 Poinsettia Dr – 2/2, 988 sq ft – Sold for $253,000 ($256/sqft)
🔵 314 H L Smith Rd – 3/2, 1,095 sq ft – Sold for $220,000 ($201/sqft)
🔵 122 Gordon Dr – 3/2, 1,231 sq ft – Sold for $259,900 ($211/sqft)
📍 Lake Hamilton, FL — A Lakeside Gem with Real Upside
Lake Hamilton offers a small-town setting just 10 minutes to Haines City and 25 to I-4. Its location between Winter Haven and Davenport makes it a quiet alternative to more congested areas, with room for growth. Nearby development, rising values, and strong investor activity are pushing demand higher — and lakefront homes remain scarce.
💡 Whether you’re flipping or holding, this one offers easy entry, real upside, and a unique waterfront positioning rarely seen at this price point.