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1235 Morgan Dr, Lakeland, FL, 33801

$175/sqft·Woodland Estates

4 bd2 ba1,146 sqftSingle Family
Listed by GRAYSTONE REAL ESTATE· Last updated · MLS# TB8501961

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Est. monthly payment
$1,378/mo
Down payment (20%)
$39,998
Property taxes
$235/mo
Rate assumed
6.8% · 30 yr
View full breakdown

At a glance

Single family
Built 1958
7,379 sqft lot
Lot size
1,146 sqft
Living area

About this home

Ninguno

1235 Morgan Dr is a 1958-built home in Woodland Estates, Lakeland. Inside you'll find 4 bedrooms, 2 bathrooms, and 1,146 square feet of living space. Listed at $199,990 (about $175/sqft), 105 days on market. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable.

From the listing

Producing 3 bed / 2 bath home in central Lakeland's Combee Settlement area, currently leased through 07/31/2027 at $1,875/month (plus tenant pays for a $60 benefits package). Built 1958, 1,146 sqft. The 3/2 configuration is the gold standard in single-family rental, commanding top-of-market rent and longer average tenancy. List $210,000 / estimated ARV $275,000, providing strong equity-capture margin. Lease expiration aligns with peak Florida leasing season for an ideal renewal or rent-reset window. Lakeland sits dead center in the I-4 growth corridor between Tampa and Orlando, one of Florida's strongest appreciation paths. Photo disclosure: Listing photos were taken prior to current tenant occupancy and may not reflect the property's present condition. Showings by appointment with required notice to tenant. Buyer and buyer's agent to verify all material facts. Sellers have never occupied this property.

The essentials

Built
1958
Price / sqft
$175
On market
135 days
Annual tax
$2,815
Flood zone
X · Low risk
Lot
7,379 sqft
Type
Single Family Residence

Location

1235 Morgan Dr
Lakeland, FL, 33801·33801 - Lakeland
Type
Single Family Residence
Year Built
1958
Lot
7,379 sqft
Cooling
Central Air
Heating
Electric
Parking
-
Days on Market
135
Ninguno
Flood Zone X

Annual Tax (2025)

$2,815

Parcel #

24-28-10-177600-004070

Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.

Subdivision

Woodland Estates

County

Polk

MLS Area

33801 - Lakeland

Lot Size

7,379 sqft

Date
Event
Price
8/29/2026
Price change
Source: Stellar MLS #TB8501961
$199,990-4.8%
$175/sqft
Price change
Source: Stellar MLS #TB8501961
$210,000-8.7%
$183/sqft
5/2/2026
Listed for sale
Source: Stellar MLS #TB8501961
$229,900
$201/sqft
Est. monthly payment$1,378/mo
Principal & interest$1,043
Property taxes$235
Insurance$100
Down payment20% · $39,998
Interest rate6.80%
Loan term

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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.

Offer Insights

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List price: $199,990
$199,990
99.5% – 100% of listTops out right at the list price
80% of listList price
80 of the last 130 home closings in 33801 landed at this number or higher (62%). The median one sat 22 days before it went under contract, and this one is on day 135 after a $29,910 cut.

Sample: 130 closed home sales in 33801 over the last 8 months, Stellar MLS. A starting point, not a guarantee.

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