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503 Carolyn Drive

Lakeland, FL 33803

3 beds
1 bath
920 sqft
11,522 sqft lot
$173 per sqft
1954 build
– on site

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!

Listing courtesy of STELLAR_MLS / LAKELAND REAL ESTATE GROUP

Last checked: Checking… • Last updated Apr 19, 2025 •

MLS# L4952246 —

The Building

Year Built:

1954
New Construction:

false
Construction Materials:

Block
Levels:

One
Roof:

Shingle
Foundation Details:

Slab
Window Features:

Blinds
Patio And Porch Features:

Front Porch
Building Area Total:

1438
Building Area Units:

Square Feet
Building Area Source:

Public Records

Interior

Interior Features:

Ceiling Fan(s)
Furnished:

Unfurnished
Flooring:

Linoleum
Additional Rooms:

Storage Rooms
Fireplace:

false

Room Dimensions

Living Area:

920
Living Area Units:

Square Feet
Living Area Source:

Public Records

Location

Directions:

South Florida Avenue to East Edgewood Dr, South on to Cleveland Heights Blvd, West onto Eastway Dr. South onto Carolyn Dr. Home sits on the left.
Latitude:

27.99887
Longitude:

-81.95157
Coordinates:

-81.95157, 27.99887

The Property

Parcel Number:

242831261800001270
Property Type:

Residential
Property Subtype:

Single Family Residence
Property Condition:

Fixer
Property Attached:

false
Lot Features:

City Lot
Lot Size Acres:

0.26
Lot Size Area:

11522
Lot Size SqFt:

11522
Lot Size Units:

Square Feet
Total Acres:

1/4 to less than 1/2
Zoning:

RES
Direction Faces:

North
View:

false
Exterior Features:

Storage
Fencing:

Fenced
Vegetation:

Mature Landscaping
Water Source:

Public
Road Surface Type:

Paved
Road Frontage Type:

Street Paved
Flood Zone Code:

X
Flood Zone Panel:

12105C0480G
Additional Parcels:

false
Homestead:

true
Lease Restrictions:

false
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Lot:

270
Tax Block:

001/1270
Tax Legal Description:

HIGHLAND HILLS PB 35 PG 27 BLK 1 LOT 27
Tax Book Number:

35/27
Tax Annual Amount:

$238

Beds

Bedrooms Total:

3

Baths

Total Baths:

1
Total Baths:

1
Full Baths:

1

The Listing

Virtual Tour URL Unbranded:

https://my.matterport.com/show/?m=Ubh48z71xed&brand=0&mls=1&
Virtual Tour URL Unbranded 2:

https://realestate.febreframeworks.com/videos/01964901-c236-7081-a6fe-72390e113edf?v=78
Special Listing Conditions:

None

Heating & Cooling

Heating:

None
Heating:

false
Cooling:

Wall/Window Unit(s)
Cooling:

true

Utilities

Utilities:

BB/HS Internet Available
Sewer:

Public Sewer

Appliances

Appliances:

Dryer
Laundry Features:

Other

Schools

Elementary School:

Carlton Palmore Elem
Middle Or Junior School:

Southwest Middle School
High School:

Lakeland Senior High

The Community

Subdivision Name:

HIGHLAND HILLS
Senior Community:

false
Waterview:

false
Water Access:

false
Waterfront:

false
Spa:

false
Pool Private:

false
Association:

false
Association Fee Requirement:

None
Ownership:

Fee Simple
Association Approval Required:

false

Parking

Garage:

false
Carport:

false
Open Parking:

true
Parking Features:

Driveway

Monthly cost estimate

Asking price

$160,000

Expense	Monthly cost
Mortgage	$856
Taxes	$19
Insurance	$44
Utilities	$152 See report
Total	$1,071/mo.^*
	^*This is an estimate

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Air Pollution Index

Provided by ClearlyEnergy

Sale history

Date	Event	Source	Price	% Change
4/18/25 Apr 18, 2025	Listed / Active	STELLAR_MLS	$160,000

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This house located in Cleveland Heights, Lakeland, FL 33803 is currently for sale for $160,000. 503 Carolyn Drive is a 920 square foot house with 3 beds and 1 bath that has been on Estately for 1 days. 503 Carolyn Drive is in the Cleveland Heights neighborhood of Lakeland and has a WalkScore® of 54, making it somewhat walkable. This house is in the attendance area of Carlton Palmore Elementary School, Lawton Chiles Middle Academy, Combee Academy Of Design And Engineering, Lakeland Senior High School, Lincoln Avenue Academy, Southwest Middle School, Rochelle School Of The Arts, Winston Academy Of Engineering, and Rosabelle W. Blake Academy.

Listing Courtesy of: STELLAR_MLS and LAKELAND REAL ESTATE GROUP.

Based on information from the My Florida Regional MLS DBA Stellar MLS 2025.

All information provided is deemed reliable but is not guaranteed and should be independently verified. Stellar MLS, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. Stellar MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. For any questions please call (407) 499-8911.