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.
For sale
Price cut: $10K (8/29)
$199,990
1235 MORGAN DRIVE, LAKELAND, FL 33801
4beds
1,146sqft
Single Family Residence
Built in 1958
7,379 Square Feet Lot
$-- Zestimate®
$175/sqft
$-- HOA
What's special
- 45 days
- 709
- 39
Zillow last checked:
Listing updated:
Listed by:
Bradley Dreher 863-346-0500,
GRAYSTONE REAL ESTATE 727-201-4011
Source: Stellar MLS,MLS#: TB8501961
Originating MLS: Suncoast Tampa
Originating MLS: Suncoast Tampa
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Features: Built-in Closet
- Level: First
- Area: 144 Square Feet
- Dimensions: 12x12
Kitchen
- Level: First
- Area: 120 Square Feet
- Dimensions: 10x12
Living room
- Level: First
- Area: 110 Square Feet
- Dimensions: 11x10
Heating
- Electric
Cooling
- Central Air
Appliances
- Included: None
- Laundry: Electric Dryer Hookup, Washer Hookup
Features
- None
- Flooring: Tile
- Has fireplace: No
Interior area
- Total structure area: 1,292
- Total interior livable area: 1,146 sqft
Property
Features
- Levels: One
- Stories: 1
- Exterior features: Other
Lot
- Size: 7,379 Square Feet
- Dimensions: 68 x 108
Details
- Parcel number: 242810177600004070
- Zoning: R-2
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Block
- Foundation: Block
- Roof: Shingle
Condition
- New construction: No
- Year built: 1958
Utilities & green energy
- Sewer: Other
- Water: None
- Utilities for property: Public
Community & HOA
Community
- Pet fee: $0 monthly
- Subdivision: WOODLAND ESTATES
HOA
- Has HOA: No
Location
- Region: Lakeland
Financial & listing details
- Price per square foot: $175/sqft
- Tax assessed value: $152,990
- Annual tax amount: $2,814
- Date on market: 5/2/2026
- Cumulative days on market: 117 days
- Listing terms: Cash,Conventional,FHA
- Ownership: Fee Simple
- Total actual rent: 22860
- Road surface type: Asphalt
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/29/2026 | Price change | $199,990-4.8%$175/sqft |
Source:  Stellar MLS #TB8501961 Report a problem | ||
| 8/17/2026 | Price change | $210,000-4.5%$183/sqft |
Source: Stellar MLS #TB8501961 Report a problem | ||
| 7/27/2026 | Listed for sale | $219,900$192/sqft |
Source: Stellar MLS #TB8501961 Report a problem | ||
| 7/13/2026 | Listing removed | $219,900$192/sqft |
Source: Stellar MLS #TB8501961 Report a problem | ||
| 5/17/2026 | Price change | $219,900-4.3%$192/sqft |
Source: Stellar MLS #TB8501961 Report a problem | ||
| 5/2/2026 | Listed for sale | $229,900+108.4%$201/sqft |
Source: Stellar MLS #TB8501961 Report a problem | ||
| 2/1/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 1/22/2024 | Listed for rent | $1,695$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/21/2021 | Sold | $110,296+97%$96/sqft |
Source: Public Record Report a problem | ||
| 6/1/2016 | Sold | $56,000-10.4%$49/sqft |
Source: Public Record Report a problem | ||
| 5/19/2016 | Pending sale | $62,500$55/sqft |
Source: PEOPLE''S CHOICE REALTY SVC LLC #T2731562 Report a problem | ||
| 4/14/2016 | Price change | $62,500-10.7%$55/sqft |
Source: PEOPLE'S CHOICE REALTY SVC LLC #T2731562 Report a problem | ||
| 11/6/2015 | Listed for sale | $70,000-12.5%$61/sqft |
Source: PEOPLE'S CHOICE REALTY SVC LLC #T2731562 Report a problem | ||
| 9/4/2015 | Listing removed | $80,000$70/sqft |
Source: PEOPLE'S CHOICE REALTY SVC LLC #T2731562 Report a problem | ||
| 7/31/2015 | Price change | $80,000-11.6%$70/sqft |
Source: PEOPLE'S CHOICE REALTY SVC LLC #T2731562 Report a problem | ||
| 12/19/2014 | Listed for sale | $90,500-39.6%$79/sqft |
Source: PEOPLE'S CHOICE REALTY SERVICES LLC #T2731562 Report a problem | ||
| 6/21/2006 | Sold | $149,900+168.6%$131/sqft |
Source: Public Record Report a problem | ||
| 4/7/2005 | Sold | $55,800-27.5%$49/sqft |
Source: Public Record Report a problem | ||
| 2/10/2003 | Sold | $77,000+87.8%$67/sqft |
Source: Public Record Report a problem | ||
| 11/6/2002 | Sold | $41,000+24.2%$36/sqft |
Source: Public Record Report a problem | ||
| 9/6/2002 | Sold | $33,000$29/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,055 -4.9% | $152,990 -4.8% |
| 2024 | $2,159 +5.4% | $160,625 +6.8% |
| 2023 | $2,048 +5.4% | $150,414 +6.7% |
| 2022 | $1,943 +50.5% | $140,979 +86.4% |
| 2021 | $1,291 +10.6% | $75,646 +10% |
| 2020 | $1,167 +16% | $68,769 +10% |
| 2019 | $1,006 -29.1% | $62,517 -0.8% |
| 2018 | $1,419 +10.4% | $63,002 +21.9% |
| 2017 | $1,286 +87.9% | $51,667 +28.2% |
| 2016 | $684 +5.9% | $40,304 +10% |
| 2015 | $646 -20.2% | $36,640 +10% |
| 2014 | $810 +60.9% | $33,309 +6% |
| 2013 | $504 +3.5% | $31,419 +2.5% |
| 2012 | $487 +67.8% | $30,644 -28.8% |
| 2011 | $290 -6.8% | $43,060 -2.2% |
| 2010 | $311 -56% | $44,023 -44.8% |
| 2009 | $707 -18.2% | $79,763 -12.8% |
| 2008 | $863 | $91,503 |
| 2007 | -- | -- |
| 2006 | $1,370 | -- |
| 2005 | -- | -- |
| 2004 | $887 +5.1% | -- |
| 2003 | $844 +435.2% | $49,210 +44.8% |
| 2002 | $158 +6.3% | $33,983 +1.6% |
| 2001 | $148 | $33,448 |
Find assessor info on the county website
Monthly payment
Est. payment
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Neighborhood: Combee Settlement
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