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530 S 7TH STREET

House Active With Contract
$240,000

BTC: 3.87346675

ETH: 137.45704467

39 days
2 bds
2 ba
1,636 sqft

Overview

One or more photo(s) has been virtually staged. Welcome to 530 S 7th Street, a charming opportunity nestled in the established Palm Park Terrace community of Lake Wales. This residence offers a blend of character, comfort, and key system updates, making it an appealing choice for both homeowners and investors looking for long-term value. Major improvements have already been taken care of, including a roof installed in 2017, a newer A/C system from 2023, and a water heater updated in 2016—providing peace of mind and reducing near-term maintenance concerns. The kitchen comes equipped with a dishwasher, microwave, and GAS stove, all of which convey with the sale, adding immediate convenience for move-in or rental readiness. Adding even more versatility, the property features a 30-amp RV hookup along with a portable generator hookup, offering added functionality, convenience, and preparedness—ideal for travel enthusiasts or backup power needs. Positioned just minutes from the heart of Lake Wales, this location offers easy access to local dining, shopping, and everyday essentials. Residents will appreciate proximity to the vibrant downtown corridor, known for its historic charm and community events, as well as nearby parks and recreational spaces perfect for enjoying Florida’s year-round sunshine. Looking ahead, the area continues to see thoughtful growth and revitalization, enhancing both lifestyle appeal and property value potential. With ongoing interest in Central Florida’s expansion, Lake Wales is gaining attention for its balance of small-town character and accessibility to larger metro areas. Whether you're searching for a primary residence or a smart addition to your portfolio, this property delivers a compelling combination of location, updates, added utility features, and future upside. Don’t miss the chance to secure your place in one of Lake Wales’ steadily evolving neighborhoods.

Location

Details

Type:
Residential
Parking:
No Data
Year Built:
1925
Lot:
0.42 Acres
Heating:
Central / Electric
Price/sqft:
$147
Cooling:
Central Air
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$217,425
$148K – $322K
Confidence Low
List vs. estimate
$22K above estimate
List $240,000 · +10.4%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$146
-18.9% vs. city median $180
Based on
8 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$2,061
2025
View
Trees/Woods
Pets
Allowed
All facts and features
  • Flooring

    • Tile

    • Hardwood

    Heating

    • Central

    • Electric

    Cooling

    • Central Air

    Appliances

    • Dishwasher

    • Microwave

    • Range

    Other interior features

    • Ceiling Fan(s)

    • Living Room/Dining Room Combo

    • Open Floorplan

    • Thermostat

    Bedrooms and bathrooms

    • Bedrooms: 2

    • Full bathrooms: 2

  • Property

    • Levels: One

    • Exterior Features: Lighting / Sidewalk

    Lot

    • Lot: 0.42 Acres

    Other Property Information

    • Parcel Number: 273012920500002030

    • Zoning: R-3

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Single Family Residence

  • Utility

    • Cable Available

    • Electricity Available

    • Phone Available

    • Water Available

  • Other financial information

    • Annual tax amount: $2,061

  • Source details

    • MLS ID: O6395623

    Other facts

    • Construction Materials: Stucco

    • Foundation Details: Other

    • Fireplace Features: Electric / Wood Burning

    • Laundry Features: Inside

    • Patio And Porch Features: Patio

    • Direction Faces: East

    • Fireplace: Yes

    • Living Area: 1636

    • Water Source: Public

    • Lot Size Dimensions: 120 x 150

    • Subdivision Name: PALM PARK TERRACE

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: KELLER WILLIAMS ADVANTAGE III