8 months on rocket

5050 Lake Pierce Dr, Lake Wales, FL, 33898

$499,999

Home List Price

$5,937*

Closing Credit

3 Bedrooms
2 Full Baths
1,797 SqFt
$278/SqFt
House

Location

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5050 Lake Pierce Dr, Lake Wales$499,999

Buyer Closing Credits

$5,937*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingBoat, Circular Driveway, Driveway, Garage Door Opener, Garage Faces Rear, Oversized, Workshop in Garage
Attached Garage2 spaces
Year Built1983
HeatingCentral
CoolingCentral Air
WaterfrontLake Front
ViewWater
MLS #K4902415
Lot Size0.33 Acres
StatusActive

About 5050 Lake Pierce Dr

This is truly a one-of-a-kind property that must be seen to be appreciated. With ample living space and gorgeous vistas, this home is perfect for anyone longing for relaxing lakefront living. Nestled in a nature lover's paradise, this property features a spacious backyard perfect for outdoor activities or a lakefront pool. There is a private dock and boathouse offering easy access to the expansive and picturesque Lake Pierce. Lake Wales, known as the "Crown Jewel of the Ridge", is a quaint town that offers a glimpse of Old Florida with a deep dive into the Florida of today offering many cultural opportunities and exciting local events. Located in one of the most desirable neighborhoods on Lake Pierce, residents will find themselves in close proximity to renowned attractions like Bok Tower Gardens and Legoland. The convenience of a mere one hour drive to Orlando and Tampa opens doors to limitless entertainment and business opportunities. Moreover, the allure extends beyond the immediate vicinity, offering easy access to the pristine beaches of both the east and west coasts. Embrace the serenity of lakefront living while being seamlessly connected to the vibrancy of nearby cities. Brand new A/C unit, water heater, artesian well AND roof in 2019! This is the perfect family home for entertaining with spectacular views, exquisite sunrises and mesmerizing moonscapes. Lake Pierce is a wonderful lake for fishing, cruising or enjoying the expansive beauty of the Ridge National Wildlife Refuge. This is easy lakefront living with peace and serenity at it’s finest! It won't last long!

Property Details

Property Features

Property Information:

  • Architectural Style: Contemporary
  • Year Built: 1983
  • Living Area: 1,797 SqFt

Listing Office:

  • Office Name: PLANTATION INN REALTY
  • Office Phone: (863) 676-1614
  • Listing Agent: Metta O'Bryant

Interior Features

Interior Information:

  • Appliances: Oven, Cooktop, Dishwasher, Disposal
  • Flooring Type: Carpet, Linoleum
  • Interior: Accessibility Features, Eat-in Kitchen, Living Room/Dining Room Combo

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Private Pool: No
  • Waterfront: Lake Front
  • View: Water
  • Exterior: French Doors, Lighting

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Boat, Circular Driveway, Driveway, Garage Door Opener, Garage Faces Rear, Oversized, Workshop in Garage

Virtual/3D Tour

  • Virtual Tour: 5050 Lake Pierce Dr
Virtual Tour

Lot Features

Lot Information:

  • Lot Size: 0.33 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Head E. on Hwy 60 from Hwy 27. Turn left onto Buck Moore Rd. Turn right onto FL-17 Alt/Burns Ave/Masterpiece Rd. Turn right onto Timberlane Rd. Turn right onto Lake Pierce Drive. Home will be on the right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $499,999
  • Price Per SqFt: $278/SqFt

HOA Fees:

  • Amount: $200
  • Frequency: Annually

Tax Information:

  • Annual Amount: $2,269
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Lake Wales, FL.

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Lake Wales, FL

City

Med. Sold Price

$270K

Med. Price/SqFt

$175

Avg. Days On Market

54

# of Sold Homes

27

5050 Lake Pierce Dr vs Lake Wales

259 DAYS ON ROCKET

+205 Days

$499,999

+$229.9K More

$278/SqFt

+$103 More

KEY TAKEAWAY

This property is $229.9K more than the Median Sold Price and $103/SqFt more than other homes in Lake Wales, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MFRMLS
  • MLS Number: #K4902415

Listing Office:

  • Office Name: PLANTATION INN REALTY
  • Office Phone: (863) 676-1614
  • Listing Agent: Metta O'Bryant

IDX Listings courtesy of Stellar MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/14/2024, 10:49:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$2,269$198,131
2018$2,141$190,065
2017$2,142$186,156

History based on county public records data.

Payment Calculator

$2,579

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,566

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-262842
2
/10

  • Sand Hill Elementary School

  • 1801 Tyner Rd

  • 4.80 miles

  • Public District Grades PK-5

school-card-donut-262843
2
/10

  • Janie Howard Wilson School

  • 306 Florida Ave

  • 5.15 miles

  • Public Charter Grades PK-5

school-card-donut-262844
2
/10

  • Spook Hill Elementary School

  • 321 Dr J A Wiltshire Ave E

  • 5.19 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $36,250. The most common annual income of people living in Lake Wales, FL is less than $35k. Residents typically live in single, no kids family. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5050 Lake Pierce Dr

What is the listing price of this property?

The listing price of 5050 Lake Pierce Dr property is $499,999.

What type of property is this?

The property 5050 Lake Pierce Dr is a house located in Lake Wales, Florida, 33898.

Is this property for sale now?

Active Listing: 5050 Lake Pierce Dr is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $2,269 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 5050 Lake Pierce Dr has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 5050 Lake Pierce Dr is 1,797 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5050 Lake Pierce Dr is 1983.

Rocket Homes›Florida›Polk County›Lake Wales›33898›5050 Lake Pierce Dr

This home is located at 5050 Lake Pierce Dr in Lake Wales, FL and zip code 33898. This 1,797 square foot home, which was built in 1983, sits on a 0.33 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since February 29, 2024 and is currently priced at $499,999.

In October 2024 more than 8 listings in Lake Wales, FL were sold above the asking price. During the same period more than 7 listings were sold at asking price, while more than 12 were sold below. The number of listings in Lake Wales, FL increased by 1% between September 2024 and October 2024. While the average time on the market in October 2024 was 54 days, the median list price was $270,000.

From Rocket Homes Real Estate and based on county public records data.

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