Property Details: • Type: Single Family Residence • Bedrooms: 4 • Bathrooms: 3 • Square Footage: 1,895 sq ft
Description: 721 Frank Lloyd Wright Way is a rare opportunity to own a beautifully restored 1920s camelback bungalow in Lakeland's highly sought-after Lake Morton Historic District, adjacent to Florida Southern College and moments from Lake Morton, Lake Hollingsworth, and Downtown Lakeland.
Recognized with a commemorative 100-Year Historic Home designation, this 4-bedroom, 3-bath residence blends timeless architectural character with the infrastructure and updates today's buyers expect. Original hardwood floors, original windows, a wood-burning fireplace, coffered ceilings, French doors, and a welcoming covered front porch preserve the home's soul, while thoughtful modernization completed in 2020 delivers comfort, reliability, and functionality.
The kitchen features granite countertops, stainless steel appliances, a Bosch dishwasher, and a gas double oven/range. Additional upgrades include updated electrical systems, hardwired gigabit networking, dual HVAC systems, dual water heaters, New Roof 2025, and Termite Tenting 2025.
The flexible floor plan includes a dedicated office that may also function as a fourth bedroom or guest space. Outside, the detached ~468 SF garage structure includes access to electric, water, and sewer and offers future potential as a studio, workshop, home office, guest suite, or possible ADU conversion (subject to approvals).
One of the home's most compelling features is its exceptional walkability. Enjoy being approximately 0.25 miles from both Lake Morton and Lake Hollingsworth, and a roughly 10-minute walk to Downtown Lakeland restaurants, cafes, boutiques, parks, and nightlife. The property is also positioned beside the world's largest single-site collection of Frank Lloyd Wright architecture at Florida Southern College.
The property is currently tenant-occupied through September 30, 2026, generating $3,100/month in rental income (including lawn care and gas service). The lease is transferable, offering flexibility for investors or future owner-occupants alike.
An additional rare advantage: the home may qualify for assumption of an existing FHA mortgage at just 2.75%, with approximately $275,000 remaining balance (buyer to verify eligibility and lender approval requirements).
Historic homes with this level of character, modernization, location, and long-term flexibility rarely become available in Lakeland's premier historic neighborhood.
Offered at $555,000.
Features: red at $555,000. "/>
