5005 Basswood St, Lakeland, FL, 33811
About This Home
Welcome to 5005 Basswood Street, Lakeland, Florida — a stunning new construction home built by M/I Homes. This thoughtfully designed home offers 3,531 square feet of well-planned living space, featuring 5 bedrooms, 4 full bathrooms, and an open-concept living space that creates a seamless flow throughout the main level. The owner's bedroom is situated on the upper level, offering a private retreat away from the main living areas. This thoughtful placement provides a quiet space to unwind at the end of the day. This home features the following: 3-car garage Patio Café Main-level guest room with full bathroom Flex room Spacious game room This home blends comfort, style, and practicality in a way that supports both everyday living and special gatherings. With generous room for everyone and an open-concept design that keeps the home feeling connected, it offers the best of both space and togetherness. Enjoy the excitement of being the very first to live in this beautifully crafted new construction home in Lakeland. Nestled in a welcoming community, the home offers convenient access to nearby parks and outdoor spaces—perfect for enjoying fresh air, recreation, and relaxation just minutes from your doorstep. The surrounding area provides a balanced lifestyle, combining comfort at home with the ease of nearby amenities.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: New Construction,Under Construction
- New construction: Yes
- Year built: 2026
Other
- Builder name: M/I Homes
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 4
Interior Area
- Total interior livable area: 3,531 sqft
Property
Features
- Levels: 2.0
- Stories: 2
Parking
- Total spaces: 3
- Parking features: Garage
- Has garage: Yes
- Attached garage spaces: 3
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
- Hurricane
- Lightning
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters in Polk County and Florida
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $3,182 | $38,184 |
| Home Insurance * | $445 | $5,340 |
| Property Taxes | $382 | $4,584 |
| Electricity | $355 | $4,264 |
| Total | $4,364 | $52,368 |
Income You'd Need if You Spent...
Florida FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-03-28 | Listed for sale | $629,370 |
View on Zillow