Bring your vision to this unique lakefront property in Polk City! Situated on a nearly half-acre waterfront lot, this 3-bedroom, 2-bathroom 1993 Palm Harbor manufactured home offers an excellent opportunity for an investor, renovator, or buyer looking for a property with substantial potential. The home offers a spacious layout with an open-concept living, dining, and kitchen area, a desirable split-bedroom floor plan, an additional family room, and a utility room that could also function as an office or flex space. A large, screened porch overlooks the lake, creating an ideal spot to enjoy the peaceful waterfront setting. The backyard is fenced, providing added privacy and usable outdoor space. Recent improvements include a roof replaced in 2025 and recently replaced exterior skirting. The property does need TLC, giving the next owner the opportunity to renovate and customize the home to their liking. The garage sustained storm damage and will need to be rebuilt or removed. For an investor, the combination of waterfront land, nearly half an acre, a 3-bedroom/2-bath home, and a highly convenient location presents an attractive value-add opportunity. Less than 5 minutes from the Polk Parkway/I-4 interchange, the property offers quick access to Lakeland, Orlando, Tampa, and surrounding communities. Whether you're looking for a renovation project, investment property, or a chance to create your own lakefront retreat, this property offers plenty of potential in a convenient Central Florida location. Cash-only offers. Property is being sold as-is.
For sale
$228,000
5430 MOUNT OLIVE RD, POLK CITY, FL 33868
3beds
1,904sqft
Manufactured Home, Single Family Residence
Built in 1993
0.47 Acres Lot
$-- Zestimate®
$120/sqft
$-- HOA
What's special
Nearly half-acre waterfront lotAdditional family roomLakefront propertyRecently replaced exterior skirtingDesirable split-bedroom floor plan
- 11 days
- 400
- 15
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Shelley Lopez 863-559-2165,
KING REAL ESTATE SERVICES 863-533-4119
Source: Stellar MLS,MLS#: L4964680
Originating MLS: Lakeland
Originating MLS: Lakeland
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: Family Room, Utility Room
Primary bedroom
- Description: Room5
- Features: Built-in Closet
- Level: First
- Area: 221 Square Feet
- Dimensions: 13x17
Bedroom 2
- Description: Room6
- Features: Built-in Closet
- Level: First
- Area: 195 Square Feet
- Dimensions: 13x15
Bedroom 3
- Description: Room7
- Features: Built-in Closet
- Level: First
- Area: 143 Square Feet
- Dimensions: 11x13
Balcony porch lanai
- Description: Room10
- Level: First
- Area: 220 Square Feet
- Dimensions: 10x22
Dining room
- Description: Room2
- Level: First
- Area: 121 Square Feet
- Dimensions: 11x11
Family room
- Description: Room8
- Level: First
- Area: 221 Square Feet
- Dimensions: 13x17
Kitchen
- Description: Room3
- Level: First
- Area: 156 Square Feet
- Dimensions: 12x13
Laundry
- Description: Room4
- Level: First
- Area: 48 Square Feet
- Dimensions: 6x8
Living room
- Description: Room1
- Level: First
- Area: 252 Square Feet
- Dimensions: 14x18
Utility room
- Description: Room9
- Level: First
- Area: 156 Square Feet
- Dimensions: 12x13
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Dishwasher, Electric Water Heater, Range, Refrigerator
- Laundry: Inside, Laundry Room
Features
- Built-in Features, Ceiling Fan(s), Solid Wood Cabinets, Split Bedroom
- Flooring: Laminate, Parquet, Vinyl
- Doors: Sliding Doors
- Has fireplace: No
Interior area
- Total structure area: 1,904
- Total interior livable area: 1,904 sqft
Video & virtual tour
Property
Parking
- Total spaces: 1
- Parking features: Garage - Attached
- Attached garage spaces: 1
Features
- Levels: One
- Stories: 1
- Patio & porch: Rear Porch, Screened
- Exterior features: Awning(s)
- Fencing: Chain Link
- Has view: Yes
- View description: Water, Lake
- Has water view: Yes
- Water view: Water,Lake
- Waterfront features: Lake Front, Lake Privileges
- Body of water: MUD LAKE
Lot
- Size: 0.47 Acres
- Features: In County, Oversized Lot
Details
- Additional structures: Shed(s), Storage
- Parcel number: 252706298340001030
- Zoning: PUD
- Special conditions: Probate Listing
Construction
Type & style
- Home type: MobileManufactured
- Property subtype: Manufactured Home, Single Family Residence
Materials
- Vinyl Siding
- Foundation: Block
- Roof: Shingle
Condition
- Fixer
- New construction: No
- Year built: 1993
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Pet fee: $0 monthly
- Subdivision: MOUNT OLIVE HEIGHTS
HOA
- Has HOA: No
Location
- Region: Polk City
Financial & listing details
- Price per square foot: $120/sqft
- Tax assessed value: $194,906
- Annual tax amount: $1,539
- Date on market: 8/29/2026
- Cumulative days on market: 12 days
- Listing terms: Cash
- Ownership: Fee Simple
- Total actual rent: 0
- Electric utility on property: Yes
- Road surface type: Paved
- Body type: Double Wide
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/30/2026 | Listed for sale | $228,000+90.8%$120/sqft |
Source:  Stellar MLS #L4964680 Report a problem | ||
| 6/20/2016 | Sold | $119,500$63/sqft |
Source: Public Record Report a problem | ||
| 5/9/2016 | Pending sale | $119,500$63/sqft |
Source: Keller Williams - Lakeland #L4710823 Report a problem | ||
| 2/3/2016 | Price change | $119,500-0.4%$63/sqft |
Source: Keller Williams - Lakeland #L4710823 Report a problem | ||
| 1/5/2016 | Listed for sale | $120,000-23.5%$63/sqft |
Source: KELLER WILLIAMS REALTY #L4710823 Report a problem | ||
| 5/11/2007 | Sold | $156,900+2.9%$82/sqft |
Source: Public Record Report a problem | ||
| 5/24/2006 | Sold | $152,500$80/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $777 +4% | $100,328 +2.9% |
| 2024 | $747 +3.6% | $97,500 +3% |
| 2023 | $721 +3.8% | $94,660 +3% |
| 2022 | $695 +0.8% | $91,903 +3% |
| 2021 | $689 +1.5% | $89,226 +1.4% |
| 2020 | $679 +1.3% | $87,994 +2.3% |
| 2019 | $671 -38.3% | $86,016 +1.9% |
| 2018 | $1,086 +3.4% | $84,412 +2.1% |
| 2017 | $1,051 +156.4% | $82,676 +47.9% |
| 2016 | $410 -2% | $55,903 +0.7% |
| 2015 | $418 -41.7% | $55,514 +0.8% |
| 2014 | $717 +56.4% | $55,073 -7.1% |
| 2013 | $458 -2.1% | $59,305 -3.1% |
| 2012 | $468 -14.3% | $61,197 -13.2% |
| 2011 | $547 +0.5% | $70,528 +1.5% |
| 2010 | $544 -15.1% | $69,486 -9.8% |
| 2009 | $640 -41.5% | $77,006 -28.9% |
| 2008 | $1,095 | $108,253 |
| 2007 | -- | -- |
| 2006 | $1,556 | -- |
| 2005 | -- | -- |
| 2004 | $476 -0.9% | -- |
| 2003 | $480 +6.9% | $54,668 +4.9% |
| 2002 | $449 +3.2% | $52,136 +1.6% |
| 2001 | $436 | $51,315 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: 33868
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