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$600,000

125 N KENTUCKY AVENUE UNIT 501 & 503, LAKELAND, FL 33801

3D Tour
Active161 days on market

Beds

1

Baths

3

Sq Ft

2,000 sq ft

Year Built

2008

Lot Size

0.01 acres

Garage

—

About This Property

Searching for a truly rare opportunity in the heart of Lakeland? This is the only downtown penthouse of its kind. Originally designed by combining two top-floor units, including a coveted corner unit, during construction, this one-of-one residence offers approximately 2,000 square feet of sophisticated urban living with breathtaking panoramic views. Perched above Historic Downtown Lakeland, you’ll enjoy walkable access to dining, shopping, and entertainment, all while living in a space that feels completely elevated and private. From the moment you step inside, the custom details set this penthouse apart—featuring soaring 12-foot exposed ceilings, polished concrete floors, rich cypress millwork, and thoughtfully curated finishes throughout. Unit 501 serves as the main living space, showcasing a gourmet kitchen, expansive living and dining areas, and a second bedroom—all positioned to capture stunning top-floor, corner-unit views overlooking Munn Park and downtown. Unit 503 is dedicated to the luxurious primary suite, complete with a spa-like en-suite bathroom, 2 walk-in closets, and serene north-facing views of the city skyline. This is more than a residence—it’s a statement. Opportunities like this simply do not come along often. Schedule your private showing today. Furniture can convey.

Property Overview

Property TypeResidential
Sub TypeCondominium
MLS #L4961138
StatusActive
Year Built2008
Stories5
Total Rooms3
ConstructionBlock, Brick, Stucco
RoofMembrane
FoundationSlab, Stem Wall
FacesNorth
SubdivisionLOFTS ON PARK CONDO
CountyPolk
OwnershipFee Simple

Interior Features

InteriorCeiling Fan(s), Open Floorplan, Solid Surface Counters, Solid Wood Cabinets, Walk-In Closet(s), Window Treatments
FlooringHardwood
AppliancesCooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Range, Refrigerator, Tankless Water Heater, Washer
LaundryLaundry Closet
WindowsDisplay Window(s)
CoolingCentral Air
HeatingCentral

Exterior & Lot

ExteriorLighting, Rain Gutters, Sidewalk
Lot Size0.01 acres (235 sq ft)
Lot FeaturesCity Lot
Road SurfaceAsphalt
ViewCity
0

Utilities

WaterPublic
SewerPublic Sewer
UtilitiesBB/HS Internet Available, Cable Available, Cable Connected, Electricity Available, Sewer Connected, Street Lights, Underground Utilities, Water Connected

Parking

GarageNo

HOA & Community

HOAYes
HOA Fee$1,950 / Monthly
Senior CommunityNo

Financial Details

List Price$600,000
Original Price$650,000
Annual Taxes$7,357 (2025)
FinancingCash, Conventional
Parcel #242818211515005010

Directions

N Kentucky Avenue to Cedar Street intersection. Use municipal street parking. Building Entrance on N block of Cedar Street.

Location

125 N KENTUCKY AVENUE UNIT 501 & 503, LAKELAND, FL 33801

Listing Information

OfficeKELLER WILLIAMS REALTY SMART
ListedApril 17, 2026

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Scheduling is free, and you can cancel anytime.

Home Price

$600,000

20% ($120,000)
6.75%

Loan Term

Principal & Interest$3,113
Property Tax (est.)$550
Insurance (est.)$150
Total Monthly$3,813
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How to Buy This Home

Multiple financing options available for this $600,000 home in LAKELAND.

🏦

Conventional

$30,000 Down

Traditional financing. As low as 3-5% down with good credit.

Florida Down Payment Assistance Programs

You may qualify for up to $35,000 in assistance to cover your down payment and closing costs.

Florida Hometown Heroes

Up to $35,000

First-time buyers working in FL

FL Assist

Up to $10,000

FHA, VA, or USDA borrowers

FL HLP Second Mortgage

Up to $10,000

First-time buyers, 0% deferred

Polk County SHIP

Varies

Income-qualifying Polk residents

Can You Afford This Home?

Quick check based on the 28% debt-to-income rule. Not a guarantee — just a starting point.

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Listing information is deemed reliable but not guaranteed. All measurements and data should be independently verified. This information is provided by the Stellar MLS. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. IDX information 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. Data last updated: October 7, 2026.

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