Handyman Special – Exceptional Investment Opportunity in South Lakeland! Located in one of South Lakeland’s most sought-after neighborhoods, this mid-century 3 bedroom/1 bath property is a prime candidate for renovation. Featuring a newer roof (2020), along with recently updated electrical panel and water heater, it’s ready for your vision. Whether you're an investor or a DIY enthusiast, this is the perfect project to transform into your custom dream home, long-term rental, or a profitable flip. Enjoy the convenience of being minutes away from top-rated schools, premier golf courses, tennis clubs, and the newly expanded YMCA. In addition you will find many shops, dining, and the nearby Polk Parkway for easy access to the interstate. Opportunities like this—combining location, potential, and value—don’t come around often. Please note: There are visible and apparent signs of structural concerns. Buyers are encouraged to perform their own due diligence. All sizes are approximate and be verified by buyers and their agents. Sold As-Is with right to inspect. Cash Only offers! Termite Sentricon System is in place and serviced. Check out the 3D Virtual Tour!
Sold for $135,000
$135,000
503 CAROLYN DRIVE, LAKELAND, FL 33803
3beds
920sqft
Single Family Residence
Built in 1954
0.26 Acres Lot
$133,100 Zestimate®
$147/sqft
$1,651 Estimated rent
Home value
$133,100
$120,000 - $148,000
$1,651/mo
Zestimate® history
Owner options
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$1,651/mo
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$1,651/mo
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$940/mo
Est. payment
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$940/mo
Est. payment
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List your homeWhat's special
Newer roofWater heaterRecently updated electrical panel
Zillow last checked:
Listing updated:
Listed by:
Petra Norris 863-712-4207,
LAKELAND REAL ESTATE GROUP 863-619-6918
Bought with:
Bridgette Donahue, 3376702
BRIDGECORE REALTY LLC
Source: Stellar MLS,MLS#: L4952246
Originating MLS: Lakeland
Originating MLS: Lakeland
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Rooms
- Room types: Storage Rooms
Primary bedroom
- Features: Ceiling Fan(s), Built-in Closet
- Level: First
- Area: 117 Square Feet
- Dimensions: 13x9
Bedroom 2
- Features: Ceiling Fan(s), Built-in Closet
- Level: First
- Area: 99 Square Feet
- Dimensions: 11x9
Bedroom 3
- Features: Ceiling Fan(s), Built-in Closet
- Level: First
- Area: 81 Square Feet
- Dimensions: 9x9
Bathroom 1
- Features: Single Vanity
- Level: First
- Area: 35 Square Feet
- Dimensions: 7x5
Dinette
- Features: Ceiling Fan(s)
- Level: First
- Area: 56 Square Feet
- Dimensions: 8x7
Kitchen
- Level: First
- Area: 64 Square Feet
- Dimensions: 8x8
Living room
- Features: Ceiling Fan(s)
- Level: First
- Area: 168 Square Feet
- Dimensions: 14x12
Heating
- None
Cooling
- Wall/Window Unit(s)
Appliances
- Included: Dryer, Electric Water Heater, Range, Refrigerator, Washer
- Laundry: Other
Features
- Ceiling Fan(s)
- Flooring: Linoleum, Tile
- Windows: Blinds
- Has fireplace: No
Interior area
- Total structure area: 1,438
- Total interior livable area: 920 sqft
Property
Parking
- Parking features: Driveway
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Patio & porch: Front Porch
- Exterior features: Storage, Rain Gutters, Private Mailbox
- Fencing: Fenced
Lot
- Size: 0.26 Acres
- Features: City Lot, Landscaped
- Residential vegetation: Mature Landscaping, Oak Trees
Details
- Parcel number: 242831261800001270
- Zoning: RES
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Block
- Foundation: Slab
- Roof: Shingle
Condition
- Fixer
- New construction: No
- Year built: 1954
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: BB/HS Internet Available, Cable Available, Electricity Connected, Public, Water Connected
Community & HOA
Community
- Pet fee: $0 monthly
- Subdivision: HIGHLAND HILLS
HOA
- Has HOA: No
Location
- Region: Lakeland
Financial & listing details
- Price per square foot: $147/sqft
- Tax assessed value: $185,826
- Annual tax amount: $238
- Date on market: 4/18/2025
- Cumulative days on market: 5 days
- Listing terms: Cash
- Ownership: Fee Simple
- Total actual rent: 0
- Electric utility on property: Yes
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 5/2/2025 | Sold | $135,000-15.6%$147/sqft |
Source:  Stellar MLS #L4952246 Report a problem | ||
| 4/23/2025 | Pending sale | $160,000$174/sqft |
Source: Stellar MLS #L4952246 Report a problem | ||
| 4/18/2025 | Listed for sale | $160,000$174/sqft |
Source: Stellar MLS #L4952246 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $261 +9.4% | $44,475 +2.9% |
| 2024 | $239 +9.5% | $43,222 +3% |
| 2023 | $218 -22.1% | $41,963 +3% |
| 2022 | $280 +5.3% | $40,741 +3% |
| 2021 | $266 +3.2% | $39,554 +1.4% |
| 2020 | $258 +4.6% | $39,008 +2.3% |
| 2019 | $246 | $38,131 +1.9% |
| 2018 | $246 +12.2% | $37,420 +2.1% |
| 2017 | $219 +5.6% | $36,650 +2.1% |
| 2016 | $208 +0.6% | $35,896 +0.7% |
| 2015 | $206 +324.8% | $35,646 +0.8% |
| 2014 | $49 -73.9% | $35,363 +1.5% |
| 2013 | $186 +5.6% | $34,840 +1.7% |
| 2012 | $177 -66.1% | $34,258 -38.1% |
| 2011 | $521 -0.8% | $55,307 +1.5% |
| 2010 | $525 +1% | $54,490 +2.7% |
| 2009 | $520 +6.6% | $53,057 +0.1% |
| 2008 | $488 | $53,004 |
| 2007 | -- | -- |
| 2006 | $517 | -- |
| 2005 | -- | -- |
| 2004 | $452 -1.1% | -- |
| 2003 | $456 +11.9% | $47,556 +4.9% |
| 2002 | $408 +3.7% | $45,353 +1.6% |
| 2001 | $393 | $44,639 |
Find assessor info on the county website
Neighborhood: Cleveland Heights
Nearby homes
- $235,0003 bd1 ba1.3k sqft509 Carolyn Dr, Lakeland, FL 33803Off Market
- $192,3003 bd1 ba854 sqft425 Carolyn Dr, Lakeland, FL 33803Off Market
- $238,2003 bd1 ba1.5k sqft422 Hillside Dr, Lakeland, FL 33803Off Market
- $281,8003 bd1 ba1.1k sqft504 Hillside Dr, Lakeland, FL 33803Off Market
- $224,6003 bd1 ba854 sqft515 Carolyn Dr, Lakeland, FL 33803Off Market
- $288,2004 bd2 ba1.7k sqft421 Carolyn Dr, Lakeland, FL 33803Off Market
- $254,4003 bd-- ba1.2k sqft418 Hillside Dr, Lakeland, FL 33803Off Market
- $259,4003 bd1 ba986 sqft504 Carolyn Dr, Lakeland, FL 33803Off Market
Nearby schools
GreatSchools rating
- 7/10Carlton Palmore Elementary SchoolGrades: PK-5Distance: 0.2 mi
- 4/10Southwest Middle SchoolGrades: 6-8Distance: 1.3 mi
- 5/10Lakeland Senior High SchoolGrades: 9-12Distance: 2.6 mi
Schools provided by the listing agent
- Elementary: Carlton Palmore Elem
- Middle: Southwest Middle School
- High: Lakeland Senior High
Source: Stellar MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$133,100
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$133,100
- Florida
- Polk County
- Lakeland
- 33803
- Cleveland Heights
- 503 CAROLYN DRIVE
