Welcome to 358 1st Ave N, Lake Wales, a unique WATERFRONT property offering incredible opportunities for homeowners and investors alike. This two-story residence features two separate living spaces, making it ideal for multi-generational living, rental income, or a private guest retreat. With Warner university located right across Hwy 27 this would make a perfect spot for student housing as well! The first floor offers 2 bedrooms and 1 bathroom, while the second floor offers a separate 2-bedroom, 1-bathroom residence, each with their own private entrance. Located directly on the canal with direct and very close access to Crooked Lake, this home is perfect for those who love boating, fishing, or simply enjoying serene waterfront views. Crooked Lake is well known for being one of the best fishing lakes in the area! With NO HOA and no restrictions, you have the freedom to use the property as you see fit—whether as a primary residence, vacation getaway, or income-generating rental. Recent updates include an updated 2024 roof and a 2-year-old AC, ensuring peace of mind for years to come. Current owner added new blinds as well. Additional features include two storage rooms, providing plenty of space for tools, equipment, or recreational gear. Nestled in a quiet yet convenient location, this property offers the best of Florida waterfront living with unmatched flexibility. Don’t miss this rare opportunity—schedule your private tour today and see the potential for yourself!