507 Portulaca Drive

Off Market

507 Portulaca Drive

Lake Wales FL 33898

21806 sq. ft.

Land

Last sold for $10,500

Karen Boyette, last sold this property on 08 April 2026 after 897 days on market.

Overview

Come build your forever home on this one-half acre lot that located in the lake community of Indian Lake Estates, a golfing, fishing and boating community in the center of Florida. Indian Lake Estates is about 20 miles east of Lake Wales. The community surrounds the 7,500 acre lake locally known as Lake Walk In Water, nationally known for its fishing and considered to be one of the best bass fishing lakes in all Florida. The lake has a beach, boat ramp, boat marina and the longest freshwater Fishing pier in the State of Florida. The pavilion is located at the front of the pier and is complete with propane grills and covered picnic tables. The community amenities include an 18-hole golf course, basketball and tennis courts, 23, 000 sq.ft. clubhouse, cafe, post office, churches, library, fitness room and pro shop. If you love nature and the peace and quiet of the country you're in luck. Wildlife is plentiful! You will see deer, raccoon, turkey, turtles, cranes and various species of birds that call Indian Lake Estates their home. Orlando and Disney is only about an hour's drive north and Tampa, Busch Gardens, and the Gulf's pristine beaches only a little over an hour west. Historic Bok Tower, a National Landmark, is in nearby Lake Wales. The Westgate River Ranch Resort and Rodeo is just six miles away. An authentic Florida dude ranch and full-service resort offering guests the opportunity to experience "Old Florida." Encompassing 1,700 beautiful acres, Westgate River Ranch features horseback riding, wildlife airboat and swamp buggy rides, Saturday night championship rodeo, trap/skeet range, nature hikes, petting farm, marina, Adventure Park with zip line and rock climbing wall, Westgate Smokehouse Grill and River Ranch Saloon and much more. Cowboy-themed accommodations range from ranch-themed lodge guestrooms and deluxe lodge suites to spacious cottages, two-bedroom cabins, Glamping and Luxe Teepees. Come out and see how great life can be at Indian Lake Estates! Polk County's best kept secret.

Features

21806 sq. ft. lot size

Land

Estimated Value

Based on this property and similar land plots sold in Lake Wales over the last 12 months, the estimated median property value of 507 Portulaca Drive is $24k.

Median value

$24k

Estimated value range

$5k - $2.45m

Median days on market

Estimated value trend

33%

increase over the last 12 months

Average days on market is based on recent, comparable sales in Lake Wales. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 507 Portulaca Drive

2026

Sold

$10,500

08 Apr 2026 by Karen Boyette, of KB REALTY TEAM LLC

Happy sellers in Lake Wales

87%

87% of sellers in Lake Wales reported that their sale price either exceeded or met their price expectations.

Lake Wales stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 15 reviews in Lake Wales over the last 12 months.

Local market activity for land plots in Lake Wales

In the last 12 months, 99 land plots similar to 507 Portulaca Drive, have been sold.

This represents a 55% increase in land plots sales when compared to the previous 12 months.

Sold

For Sale

Interested in selling?

People are reaching out to these agents in Lake Wales for a market analysis.

Patricia de Graaff

at REMAX Heritage Professionals | Winter Haven

(213 reviews)

Get a market analysis

Laurie Creel

at KELLER WILLIAMS REALTY SMART 1

(15 reviews)

Get a market analysis

Janelle Pruitt

(14 reviews)

Get a market analysis

Dolores Vogel

at Legacy Real Estate Center Inc

(26 reviews)

Get a market analysis

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Lake Wales

Patricia de Graaff

Sellers who recommend Patricia de Graaff have praised them for being local expert, clear communication, responsive, empathetic, detail-oriented, honest, and dedicated