Off Market

Hwy 27

Lake Wales FL 33853

501781 sq. ft.
Land
Last sold for $185,000
David ReedDavid Reed, last sold this property on 05 May 2025 after 903 days on market.

Overview

1.23 ? Acres/11.52 Gross Acres (Including 10.29 Acres in Wetlands/Lake) Upland acres have not been formally delineated on this site. ECT, Inc. estimated the site may have 1.23 upland acres, per an Environmental Due Diligence report that was performed (included with attachments). Southwest Corner US Highway 27 & Mountain Lake Cutoff Road. 735' US Highway 27 Frontage, 29,000 ? Vehicles Per Day 670' Mountain Lake Cutoff Road, 6,000 ? Vehicles Per Day LCI Zoning - Limited Commercial Industrial. Residential subdivision development underway on property adjacent to west. Approval information and Lake Wales Development Map also included with attachments.

Features

501781 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 Hwy 27 is $20k.

Median value
$20k
Estimated value range
$2.5k - $700k
Median days on market
40
Estimated value trend
-34%
decrease 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 Hwy 27

2025
Sold
$185,000
05 May 2025 by David Reed, of SAGE REALTY FLORIDA, INC.

Happy sellers in Lake Wales

95%
95% 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 4 reviews in Lake Wales over the last 12 months.

Local market activity for land plots in Lake Wales

In the last 12 months, 10 land plots similar to Hwy 27, have been sold.

This represents a 48% increase in land plots sales when compared to the previous 12 months.

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