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3552 Tower Overlook Dr #242, Lake Wales, FL, 33859

3beds
2baths
0sqft
$120,000
--price/sqft
$978/moest. monthly cost
$39,120/yrincome needed

About This Home

Welcome home to this beautifully maintained 1994 Jacobsen Classic, offering comfort, space, and the perfect setting for relaxed Florida living. Nestled within the desirable Tower Lakes 55 plus community, this home is ideal for full-time residency or your seasonal retreat. Spanning an impressive 1,512 sq. ft. (54x28), plus an additional spacious Florida room, this residence provides plenty of room to relax and entertain. Enjoy peaceful mornings and serene evenings with a private orange grove view right from your backyard????????a rare and tranquil feature. Home Highlights: 3 Bedrooms | 2 Bathrooms Bright and open layout designed for comfortable living Updated plumbing AMS rollover aluminum roof extending over the home, Florida room, and carport Newer A/C, hot water heater, and appliances Full-size washer and dryer conveniently located off the kitchen Expansive Florida room for added living and entertaining space Community and Lifestyle: Tower Lakes offers an active and welcoming environment with: Heated pool and clubhouse Activities 6 days a week Shuffleboard (league play available) Regular social events, dances, bus trips, and cruises Live entertainment throughout the year Financial Details: Lot Rent: $642.34/month (no utilities or lawn included) HOA Fee: $15/year (optional) Annual Fire Tax: $60.48 Tags: $95.10 (paid through end of 2027) Don????????t miss your opportunity????????schedule your showing today

Getting Around

1
WalkingCar-Dependent
0
TransitVery Limited Transit
30
BikeSomewhat Bikeable

Schools

Construction

Condition

  • Year built: 1994

Type & Style

  • Home type: MobileManufactured
  • Property subType: Manufactured Home

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Dryer,Refrigerator,Oven,Washer

Basement

  • Area: 0

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Laundry
  • Finished area above ground: 1,512

Heating & Cooling

  • Heating features: Has Heating (Unspecified Type)
  • Cooling features: Central

Interior Area

  • Total structure area: 1,512

Property

Details

  • On leased land: Yes
  • Lease amount: 642

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Strong Wind
    Strong WindVery High
  • Hurricane
    HurricaneRelatively High
  • Lightning
    LightningRelatively High
  • Cold Wave
    Cold WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Tornado
    TornadoModerate
  • Wildfire
    WildfireModerate

How This Home’s Risks Compare

Strong Wind
Hurricane
Lightning
Cold Wave
Inland Flooding
Tornado
Wildfire

FEMA Declared Disasters in Polk County and Florida

Coastal Storm
Flood
Hurricane
Severe Storm
Straight Line Winds
Tornado
Tropical Depression
Tropical Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $606$7,272
Home Insurance *$102$1,224
Property Taxes $73$876
Electricity $197$2,366
Total$978$11,736
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$33,531/yr
40% on housing$29,340/yr
45% on housing$26,080/yr

Florida FAIR Plan Programs

Citizens Property Insurance Corporation [Florida]

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,321,953Commercial: 13,564
Total Premiums$4.60B
Total Exposure$385.82B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 11.8%
11.8%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 6.0%
6.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 33859$116
Polk County$134

vs Homes Sold Last Month

Median $/sqft

ZIP 33859$162
Polk County$179

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-03-27Listed for sale$120,000

For Sale by Agent

AgentBeena Kokeram
BrokerageFour Star Homes, Inc.

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