5905 MAGNOLIA LANE, Lakeland, FL, 33810 | $650,000

One or more photo(s) has been virtually staged. NEW PRICE ON THIS TRULY UNIQUE PROPERTY . . . . If you require a workshop or space for RV or boat storage and prefer to avoid HOA restrictions, this property offers an excellent solution. Situated on nearly 1. 5 acres, it features a 3, 200+ square foot residence, along with a detached barn/workshop that includes a partially finished living area above. Entry is secured by a private electric gate, enhancing safety and privacy. The expansive circular driveway leads to a deep wrap-around porch, welcoming you to this impressive tri-level home.
The main and center level encompasses formal living and dining rooms, a traditional country-style kitchen with brick accent walls, and picture windows that provide views of the screened, enclosed pool. Adjacent to the kitchen, a breakfast nook overlooks the pool area. Upstairs, there are three spacious bedrooms, including the primary suite with its own private bath. The lower level provides a large bonus room (or fourth bedroom) featuring a fully ADA-accessible bathroom and an inside laundry room. The side-entry garage offers direct access to both the bonus and utility rooms.
Recent updates include fresh interior paint, county water for potable use, irrigation from a well, a completely new septic system (tank and drain field) installed within the past 60 days, and two traditional AC units servicing the main house. Nearby, the nearly 2, 000-square-foot barn/workshop boasts a second floor, partially finished living area (approximately 500 square feet not counted in the main dwelling’s SF), cooled by a geothermal heat pump (GHP). Additional amenities include the electric entry gate and a private pond in the front yard, which could be stocked for recreational fishing.
There is potential for establishing a “family compound, ” as the adjoining property may be available for separate purchase. It shares part of the circular driveway, but has its own gated entrance, and could afford shared equity for multiple owners or multi-generational households. This property is ideally suited for individuals who own work vehicles or operate small businesses and want to avoid HOA conflicts. Showings are easy to arrange; please schedule an appointment. No trespassing is permitted.

Features

  • Rooms: 10
  • Bedrooms: 4
  • Baths: 3 full / 1 half
  • Lot Size: 175 x 290
  • Laundry: Inside, Laundry Room
  • Style: Custom, Ranch
  • Year Built: 1962
  • Garage: 2-car Circular Driveway, Driveway, Garage Door Opener, Garage Faces Side, Ground Level, Other
  • Heating: Central, Zoned
  • Cooling: Central Air, Zoned
  • Approx Sq. Feet: 3,213
  • Acreage: 1.32
  • Lot Size: 175 x 290
  • Est. Taxes: $3,519
  • Lot Desc: In County, Irregular Lot
  • View: Pool, Water
  • Elem. School: Dr. N. E Roberts Elem
  • Middle School: Sleepy Hill Middle
  • High School: Kathleen High
  • Pool: Gunite, In Ground, Screen Enclosure
  • Pet Policy: Cats OK, Dogs OK, Yes
  • Appliances: Built-In Oven, Cooktop, Dishwasher, Microwave, Refrigerator
  • MLS#: L4958649
  • Days on Market: 127 days
  • Website: https://www.raveis.com
    /prop/L4958649/5905magnolialane_lakeland_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 6/1/2026 11:17:11 AM)
Listing courtesy of PREMIER REALTY NETWORK, INC   Phone: 863-646-6688

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NMLS Mortgage Loan Originator ID 16953

917.838.7300

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5905 MAGNOLIA LANE, Lakeland, FL, 33810

$650,000

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 $520,000 $520,000 $520,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.990% 6.375% 5.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.370% 6.524% 5.866%
Monthly Tax Payment $293 $293 $293
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,114 $3,244 $4,283
Total Monthly Payment $3,499 $3,629 $4,668

* 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.