8947 OAKWOOD DRIVE, Lake Wales, FL, 33898 | $449,000

Spacious Home on Over an Acre with Incredible Garage Space & workshop Potential!

Nestled on over an acre of beautifully landscaped lawn, this 3-bedroom, 2-bathroom home is a rare find! Boasting garage space for 6 cars, a 2-car carport, and a massive circular driveway, it’s a dream for car enthusiasts, hobbyists, or anyone needing ample storage.

Inside, a gigantic family room offers stunning views of the lanai, mature trees, and surrounding woods, creating a peaceful retreat. Family style large dining room with additional seating at bar into open kitchen.
But let’s talk about the ultimate workshop—it is even airconditioned! Plus, there are two exterior storage sheds, one with a rubber-coated roof for added durability.
Any quilters out there? Just look at the build in storage for material and quilts.

This home is not just spacious but also well-maintained and updated:
New Roof (2021)
New A/C (2022)
New Hot Water Heater (2023)
Small electric box for hot water tank 2023
Whole Home Generator (2019) w/ 500-gallon buried tank
Updated Electric Box for Generator (2019)
New Well (2005) & Fuse Box (2019)
Septic pumped approx. 2020
West Side Closing Awnings for extra protection

Located near Lake Walk-in-Water (Lake Weohyakapka), Polk County’s largest lake, this property is perfect for outdoor enthusiasts and fishing lovers. The lake is a top destination for trophy bass fishing and features pristine, undeveloped shorelines—an uncommon gem in Central Florida.

With POA membership, enjoy private boat ramp access, shuffleboard, and tennis courts, plus easy access to protected lands like Kissimmee State Park, Lake Wales Ridge State Forest, and River Ranch.

This home is the perfect blend of space, updates, and location—don’t miss your chance to own this unique property!

Features

  • Rooms: 8
  • Bedrooms: 3
  • Baths: 2 full
  • Lot Size: 150 x 290
  • Laundry: In Garage
  • Year Built: 1977
  • Garage: 6-car Circular Driveway, Driveway, Garage Faces Side, Golf Cart Parking, Ground Level, Guest, Off Street, Oversized
  • Heating: Central
  • Cooling: Central Air
  • Approx Sq. Feet: 2,349
  • Acreage: 1.14
  • Lot Size: 150 x 290
  • Est. Taxes: $1,720
  • View: Trees/Woods
  • Pet Policy: Yes
  • Appliances: Dryer, Range, Refrigerator, Washer
  • MLS#: P4934273
  • Days on Market: 27 days
  • Website: https://www.raveis.com
    /prop/P4934273/8947oakwooddrive_lakewales_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 5/7/2025 5:38:03 AM)
Listing courtesy of KELLER WILLIAMS REALTY SMART 1   Phone: 863-508-3000

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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8947 OAKWOOD DRIVE, Lake Wales, FL, 33898

$449,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $359,200 $359,200 $359,200
Term 360 months 360 months 180 months
Initial Interest Rate** 6.375% 6.875% 5.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.007% 7.063% 6.132%
Monthly Tax Payment $143 $143 $143
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $2,241 $2,360 $3,007
Total Monthly Payment $2,459 $2,578 $3,225

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.