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142 MARTHA DRIVE, Lake Wales, FL, 33853

2beds
1baths
1,080sqft
$225,000
$208price/sqft
$1,742/moest. monthly cost
$69,680/yrincome needed

About This Home

One or more photo(s) has been virtually staged. Welcome home to this adorable Lake Wales gem where comfort, charm, and flexibility come together! This inviting 2-bedroom plus den home offers the perfect opportunity for a growing family, home office, hobby space, or could easily be converted into a 3rd bedroom. Step inside and be greeted by serene paint colors and a warm, relaxing atmosphere that instantly makes you feel at home. NEW APPLIANCES in 2023, NEW AC and HOT WATER HEATER in 2025. After a long day, unwind on the screened lanai, the perfect spot to enjoy your morning coffee or peaceful Florida evenings. Outside, you'll fall in love with the darling curb appeal, tropical landscaping, and a fully fenced, dog-approved yard where your four-legged family members can run and play freely. Need extra space? The detached garage/workshop offers endless possibilities for storage, projects, hobbies, or your dream workshop. NO HOA!!!!! Nestled in a quiet area of town, this property offers the best of both worlds—peaceful living while remaining just minutes from shopping, dining, schools, and everyday conveniences. Plus, enjoy an easy commute to both Tampa and Orlando, making work and weekend adventures a breeze.

Getting Around

24
WalkingCar-Dependent
0
TransitVery Limited Transit
29
BikeSomewhat Bikeable

Schools

Construction

Condition

  • Property condition: Completed
  • Year built: 1977

Materials

  • Foundation: Slab
  • Roof: Shingle
  • Construction materials: Vinyl Siding,Wood Frame

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Electric Water Heater,Microwave,Range,Refrigerator
  • Laundry features: Laundry Closet

Balcony Porch Lanai

  • Level: First
  • Area: 180
  • Dimensions: 18x10

Bedroom2

  • Features: Built-in Closet
  • Level: First
  • Area: 121
  • Dimensions: 11x11

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Bonus Room

  • Features: No Closet
  • Level: First
  • Area: 126
  • Dimensions: 14x9

Dinette

  • Level: First
  • Area: 108
  • Dimensions: 12x9

Features

  • Ceiling Fan(s),Living Room/Dining Room Combo,Solid Surface Counters
  • Door features: Sliding Doors
  • Flooring: Carpet,Ceramic Tile,Laminate

Heating & Cooling

  • Heating features: Central,Electric
  • Cooling features: Central Air

Interior Area

  • Total structure area: 1,260
  • Total interior livable area: 1,080 sqft

Kitchen

  • Level: First
  • Area: 88
  • Dimensions: 11x8

Living Room

  • Level: First
  • Area: 204
  • Dimensions: 17x12

Primary Bedroom

  • Features: Built-in Closet
  • Level: First
  • Area: 130
  • Dimensions: 13x10

Property

Details

  • Parcel number: 283006940850004040
  • Zoning: RES
  • Special condition: None

Features

  • Levels: One
  • Stories: 1
  • Patio & porch: Rear Porch,Screened
  • Exterior features: Sidewalk,Storage
  • Fencing: Wood
  • Residential vegetation: Mature Landscaping,Trees/Landscaped

Lot

  • Lot size: 9,000 sqft
  • Features: Corner Lot,In County,Landscaped,Level
  • Lot size dimensions: 90' x 100' M/L

Parking

  • Total spaces: 1
  • Parking features: Driveway,Off Street
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1
  • Has uncovered spaces: Yes

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 WindRelatively High
  • Hurricane
    HurricaneModerate
  • Lightning
    LightningModerate
  • Wildfire
    WildfireModerate

How This Home’s Risks Compare

Strong Wind
Hurricane
Lightning
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 $1,137$13,644
Home Insurance *$248$2,976
Property Taxes $160$1,920
Electricity $197$2,366
Total$1,742$20,904
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$59,725/yr
40% on housing$52,260/yr
45% on housing$46,453/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

$208This listing

vs Other Active Listings

Avg $/sqft

ZIP 33853$111
Polk County$134

vs Homes Sold Last Month

Median $/sqft

ZIP 33853$137
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
2026-06-06Listed for sale$225,000
2026-04-08Listing removed$229,000
2026-02-09Price change$229,000
2025-10-21Price change$249,000
2025-09-25Listed for sale$269,000
2013-12-23Sold$60,000
2013-08-15Listed for sale$60,900
2009-03-14Listing removed$104,900
2008-11-12Listed for sale$104,900
2005-12-27Sold$55,000

For Sale by Agent

AgentMichele Elchin
BrokerageDALTON WADE INC

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