Lake Wales, FL, Real Estate

Lake Wales, Florida, nestled in the heart of Polk County, is a charming city known for its scenic beauty and rich history. Surrounded by rolling hills and numerous lakes, it offers a serene escape with attractions like Bok Tower Gardens, a National Historic Landmark featuring a 205-foot Singing Tower and lush gardens designed by Frederick Law Olmsted Jr. The city's vibrant downtown, with its historic architecture and local shops, reflects a strong sense of community. Lake Wales is also home to the Lake Wales History Museum, showcasing the area’s cultural heritage, and the annual Lake Wales Mardi Gras, a lively celebration drawing visitors from across the region. With its blend of natural splendor and small-town warmth, Lake Wales is a hidden gem in Central Florida.

Lake Wales currently has 376 single family homes for sale with an average list price of $358,499.65, 22 townhouses for sale with an average list price of $253,709.59, 27 condos for sale with an average list price of $133,355.56, and 158 lots for sale with an average list price of $416,414.22. The average annual property tax for Lake Wales is $2,004.51.

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Absorption Report

Using the absorption rate, we can determine how long it's taking for homes to sell and which price points are selling the fastest in Lake Wales, i.e. what's hot and what's not.

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Recent Sales

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Subdivisions

Subdivisions Median Price
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Annabelle Estates

Annabelle Estates is a single-family home and townhouse community in Lake Wales, Florida, built in 2025 by D.R. Horton and Dream Finders Homes. It currently has 18 single family homes for sale with an average list price of $308,401.33 and 11 townhouses for sale with an average list price of $255,899.09. The homes range in size from 1,407 ft2 to 2,110 ft2. The HOA fees range from $8 to $170 per month. It is located in Polk County. ... Read more
Median Price: $335,000
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Avon Park

Avon Park is a subdivision in Lake Wales, Florida. It currently has no homes for sale.
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Blanchard Terrace

Blanchard Terrace is a single-family home community in Lake Wales, Florida, built between 1925 and 2007. It currently has no homes for sale. The homes range in size from 776 ft2 to 1,426 ft2. The average annual property tax for Blanchard Terrace is $1,868.89. It is located in Polk County. ... Read more
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Brookshire

Brookshire is a single-family home community in Lake Wales, Florida, built between 2006 and 2022 by Adams Homes. It currently has 3 single family homes for sale with an average list price of $340,266.67. The homes range in size from 1,541 ft2 to 3,715 ft2. The HOA fees range from $26 to $35 per month. The average annual property tax for Brookshire is $1,927.56. It is located in Polk County. ... Read more
Median Price: $322,000
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Caloosa Lake Village

Caloosa Lake Village is a single-family home community in Lake Wales, Florida, built between 1972 and 1984. It currently has 1 lot for sale with a list price of $70,000. The homes range in size from 1,540 ft2 to 1,728 ft2. The average annual property tax for Caloosa Lake Village is $870.55. It is located in Polk County. ... Read more
Median Price: $295,000
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Subdivisions

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Market Trends

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Nearby Golf Courses

Mountain Lake Golf Course

2300 N Scenic Hwy, Lake Wales, FL 33898
Par 70 • 70 holes • 6621 yards

Nearby Golf Courses

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Real Estate News

New Homes For Sale This Week in Lake Wales: October 10th to October 16th

New Homes For Sale This Week in Lake Wales: October 10th to October 16th - October 17, 2025

Lake Wales had 27 new homes for sale during the week of Friday, October 10 to Thursday, October 16, including including 17 single family homes for sale with an average ... continue reading
New Construction Homes For Sale This Week in Lake Wales: October 8th to October 14th

New Construction Homes For Sale This Week in Lake Wales: October 8th to October 14th - October 15, 2025

Lake Wales had 8 new construction homes during the week of Wednesday, October 8 to Tuesday, October 14, including 7 single family homes for sale with an average list price ... continue reading
Homes Just Sold in Lake Wales: October 7th to October 13th

Homes Just Sold in Lake Wales: October 7th to October 13th - October 14, 2025

Lake Wales had 7 sales during the week of Tuesday, October 7 to Monday, October 13, including including 2 single family homes for sale with an average list price of ... continue reading
New Homes For Sale This Week in Lake Wales: October 3rd to October 9th

New Homes For Sale This Week in Lake Wales: October 3rd to October 9th - October 10, 2025

Lake Wales had 26 new homes for sale during the week of Friday, October 3 to Thursday, October 9, including including 12 single family homes for sale with an average ... continue reading
New Construction Homes For Sale This Week in Lake Wales: October 1st to October 7th

New Construction Homes For Sale This Week in Lake Wales: October 1st to October 7th - October 8, 2025

Lake Wales had 5 new construction homes during the week of Wednesday, October 1 to Tuesday, October 7, including 3 single family homes for sale with an average list price ... continue reading
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