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5430 MOUNT OLIVE RD

For Sale
$228,000

BTC: 2.89303425

ETH: 93.09922417

New
Waterfront
3 bds
2 ba
1,904 sqft

Overview

Bring your vision to this unique lakefront property in Polk City! Situated on a nearly half-acre waterfront lot, this 3-bedroom, 2-bathroom 1993 Palm Harbor manufactured home offers an excellent opportunity for an investor, renovator, or buyer looking for a property with substantial potential. The home offers a spacious layout with an open-concept living, dining, and kitchen area, a desirable split-bedroom floor plan, an additional family room, and a utility room that could also function as an office or flex space. A large, screened porch overlooks the lake, creating an ideal spot to enjoy the peaceful waterfront setting. The backyard is fenced, providing added privacy and usable outdoor space. Recent improvements include a roof replaced in 2025 and recently replaced exterior skirting. The property does need TLC, giving the next owner the opportunity to renovate and customize the home to their liking. The garage sustained storm damage and will need to be rebuilt or removed. For an investor, the combination of waterfront land, nearly half an acre, a 3-bedroom/2-bath home, and a highly convenient location presents an attractive value-add opportunity. Less than 5 minutes from the Polk Parkway/I-4 interchange, the property offers quick access to Lakeland, Orlando, Tampa, and surrounding communities. Whether you're looking for a renovation project, investment property, or a chance to create your own lakefront retreat, this property offers plenty of potential in a convenient Central Florida location. Cash-only offers. Property is being sold as-is.

Location

Details

Type:
Residential
Parking:
No Data
Year Built:
1993
Lot:
0.47 Acres
Heating:
Central
Price/sqft:
$120
Cooling:
Central Air
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$335,000
$264K – $377K
Confidence Low
List vs. estimate
$107K below estimate
List $228,000 · -31.9%
Our model says this listing is priced below recent comparable activity. Expect competition.
Price per sq ft
$119
-57.2% vs. city median $279
Based on
6 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$1,539
2025
View
Water
Waterfront
Lake Front
Garage
1 car garage
All facts and features
  • Flooring

    • Laminate

    • Parquet

    • Vinyl

    Heating

    • Central

    Cooling

    • Central Air

    Appliances

    • Dishwasher

    • Electric Water Heater

    • Range

    • Refrigerator

    Other interior features

    • Built-in Features

    • Ceiling Fan(s)

    • Solid Wood Cabinets

    • Split Bedroom

    Bedrooms and bathrooms

    • Bedrooms: 3

    • Full bathrooms: 2

  • Property

    • Levels: One

    • Exterior Features: Awning(s) / Sliding Doors

    Lot

    • Lot: 0.47 Acres

    Other Property Information

    • Parcel Number: 252706298340001030

    • Zoning: PUD

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Manufactured Home

  • Utility

    • Electricity Connected

    • Sewer Connected

    • Water Connected

  • Other financial information

    • Annual tax amount: $1,539

  • Source details

    • MLS ID: L4964680

    Other facts

    • Construction Materials: Vinyl Siding

    • Foundation Details: Block

    • Laundry Features: Inside / Laundry Room

    • Lot Features: In County / Oversized Lot

    • Patio And Porch Features: Rear Porch / Screened

    • Direction Faces: West

    • Other Structures: Shed(s) / Storage

    • Waterfront: Yes

    • Water Body Name: MUD LAKE

    • Garage Spaces: 1

    • Attached Garage: Yes

    • Garage: Yes

    • Living Area: 1904

    • Water Source: Public

    • Subdivision Name: MOUNT OLIVE HEIGHTS

Private inquiry
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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: KING REAL ESTATE SERVICES