Lake Somerset currently has 14 single family homes for sale with an average list price of $334,364.29. The average annual property tax for Lake Somerset is $2,254.86.
Schools
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What's Hot & What Not
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 Somerset, i.e. what's hot and what's not.
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Recent Sales
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Subdivisions
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Cleveland Heights is a single-family home community in Lakeland, Florida, built between 1922 and 2023. It currently has 17 single family homes for sale with an average list price of $568,979.41. The homes range in size from 820 ft2 to 6,045 ft2. The average annual property tax for Cleveland Heights is $2,933.11. It is located in Polk County.
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Median Price: $257,000 |
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Cleveland Heights Manor is a single-family home community in the Lake Somerset neighborhood of Lakeland, Florida, built between 1959 and 2022. It currently has 3 single family homes for sale with an average list price of $255,450. The homes range in size from 1,125 ft2 to 2,608 ft2. The average annual property tax for Cleveland Heights Manor is $1,797.73. It is located in Polk County.
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Median Price: $301,900 |
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Edgewood Park is a single-family home community in the Lake Somerset neighborhood of Lakeland, Florida, built between 1908 and 2025. It currently has 6 single family homes for sale with an average list price of $251,808.33 and 2 lots for sale with an average list price of $45,000. The homes range in size from 480 ft2 to 2,008 ft2. The HOA fees range from $125 to $125 per month. The average annual property tax for Edgewood Park is $1,341.93. It is located in Polk County.
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Median Price: $255,500 |
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Lakeshore Estates is a single-family home community in the Lake Somerset neighborhood of Lakeland, Florida, built between 1986 and 1987. It currently has no homes for sale. The homes range in size from 1,769 ft2 to 2,639 ft2. The HOA fees range from $42 to $42 per month. The average annual property tax for Lakeshore Estates is $3,108.21. It is located in Polk County.
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Pine Acres is a single-family home community in the Lake Somerset neighborhood of Lakeland, Florida, built between 1960 and 1978. It currently has no homes for sale. The homes range in size from 768 ft2 to 1,292 ft2. The average annual property tax for Pine Acres is $1,179.34. It is located in Polk County.
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Median Price: $242,450 |
Show all 8 Subdivisions
Subdivisions
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Market Trends
Lake Somerset home sales for the month of November rose in volume by 150% when compared to last year, while the median sale price decreased by 6% from $282,000 to $265,000. House sales rose by 100%, while the median sale price decreased by 5% from $282,000 to $268,000. Condo sales decreased, while the median sale price decreased.
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$282,500
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$280,000
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2024 |
Median Sale Price for Lake Somerset
Number of Sales for Lake Somerset
Market Trends
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Real Estate News
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Lake Somerset had 2 sales during the week of Tuesday, November 25 to Monday, December 1, including including 2 single family homes for sale with an average list price of ...
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Lake Somerset had only 1 new home for sale during the week of Friday, November 21 to Thursday, November 27, including and it was a single family home for sale ...
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Lake Somerset had only 1 sale during the week of Tuesday, November 18 to Monday, November 24, including and it was a single family home for sale with a list ...
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Lake Somerset had only 1 new home for sale during the week of Friday, November 14 to Thursday, November 20, including and it was a single family home for sale ...
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Lake Somerset had only 1 sale during the week of Tuesday, November 4 to Monday, November 10, including and it was a condo for sale with a list price of ...
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Real Estate News
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