338 1ST AVENUE N, Lake Wales, FL, 33859 | $225,000

Direct waterfront property leading to Crooked Lake. Whether you're searching for a full-time residence, winter retreat, weekend fishing getaway, or investment opportunity, this 2000-built manufactured home offers a rare chance to enjoy one of Central Florida's most desirable lakes without the premium waterfront price tag.
Situated on a canal with direct boat access to Crooked Lake, this spacious three-bedroom, two-bath home features over 1, 400 square feet of open living space with vaulted ceilings, abundant natural light, a generous great room, dining area, and an oversized kitchen with extensive cabinetry and breakfast bar. The split-bedroom floor plan provides privacy, while the spacious primary suite offers a walk-in closet, garden tub, separate shower, and private bath.
Recent improvements provide peace of mind, including a new roof (2018), HVAC system (2023), water heater (2018), and storage shed (2021). All kitchen appliances, plus the washer and dryer, are included, making this home move-in ready.
Outside, you'll appreciate the fenced yard, large storage shed with roll-up door—perfect for fishing gear, tools, golf cart, or water toys—and rear deck overlooking the canal. Neighboring properties on both sides feature private docks, making it easy to envision adding your own dock (subject to any required approvals) and enjoying effortless access to Crooked Lake.
Crooked Lake has long been recognized as one of Florida's premier natural lakes. Covering approximately 5, 500 acres, it is renowned for its remarkably clear water, excellent largemouth bass fishing, boating, water skiing, and breathtaking natural beauty. The lake is designated an Outstanding Florida Water, one of the state's highest environmental protections, helping preserve its exceptional water quality and ecological significance for generations to come.
With no HOA, you'll have the freedom to enjoy the Florida lifestyle your way. Conveniently located near golf courses, numerous additional fishing lakes, local restaurants, shopping, and everyday conveniences, while also offering easy access to Webber International University, Warner University, and other Central Florida destinations.
Whether you're a fishing enthusiast, snowbird, first-time buyer, or investor looking for an affordable waterfront property in one of Florida's most desirable recreational areas, this is an opportunity you won't want to miss.

Features

  • Rooms: 9
  • Bedrooms: 3
  • Baths: 2 full
  • Laundry: Inside, Laundry Room
  • Style: Contemporary
  • Year Built: 2000
  • Garage: Driveway
  • Heating: Central, Electric
  • Cooling: Central Air
  • Approx Sq. Feet: 1,404
  • Acreage: 0.15
  • Est. Taxes: $2,963
  • Lot Desc: In County
  • View: Water
  • Water Front: Yes
  • Elem. School: Frostproof Elem
  • Middle School: Frostproof Middle Se
  • High School: Mclaughlin Academy Of Excellence
  • Pet Policy: Yes
  • Appliances: Dishwasher, Microwave, Range, Refrigerator
  • MLS#: L4963018
  • Days on Market: 13 days
  • Website: https://www.raveis.com
    /prop/L4963018/3381stavenuen_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 7/16/2026 9:37:36 PM)
Listing courtesy of THE STONES REAL ESTATE FIRM   Phone: 863-412-2080

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NMLS Mortgage Loan Originator ID 16953

917.838.7300

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338 1ST AVENUE N, Lake Wales, FL, 33859

$225,000

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 $180,000 $180,000 $180,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.990% 6.500% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.370% 6.638% 5.972%
Monthly Tax Payment $247 $247 $247
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $1,078 $1,138 $1,495
Total Monthly Payment $1,400 $1,460 $1,817

* 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.