607 Acacia Walk, Lake Wales, FL, 33898
About This Home
A rare opportunity to own two homes on one beautifully landscaped 0.51-acre parcel with peaceful lake views perfect for multi-generational living, guests, or family. The main residence offers 3 bedrooms and 1 bathroom with a full kitchen and comfortable living spaces, ideal for everyday living. The separate cottage features 2 bedrooms and 1 bathroom, providing privacy and flexibility for in-laws, extended family, or rental income. This fully fenced property is thoughtfully designed with abundant storage, including garage storage, making it as functional as it is charming. Enjoy serene outdoor spaces, mature landscaping, and the tranquil setting with views of Lake Aurora perfect for relaxing or entertaining. Whether you’re looking to house hack, expand your portfolio, or create a private family compound, this unique property delivers versatility, income potential, and lifestyle all in one.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1918
Materials
- Foundation: Slab
- Roof: Metal,Shingle
- Construction materials: HardiPlank Type,Wood Frame
Type & Style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dryer,Microwave,Range,Range Hood,Refrigerator
- Laundry features: In Garage,Inside,Laundry Room
Bathroom1
- Level: First
Bedroom1
- Features: Built-in Closet
- Level: First
Bedroom2
- Features: Built-in Closet
- Level: First
Bedroom2
- Features: Built-in Closet
- Level: First
Bedroom3
- Features: Built-in Closet
- Level: First
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
Features
- Kitchen/Family Room Combo,Living Room/Dining Room Combo,Primary Bedroom Main Floor,Solid Surface Counters,Solid Wood Cabinets,Thermostat
- Window features: Blinds,Window Treatments
- Flooring: Luxury Vinyl,Tile
- Fireplace features: Living Room
- Fireplace: Yes
Heating & Cooling
- Heating features: Central
- Cooling features: Central Air
Interior Area
- Total structure area: 2,520
- Total interior livable area: 2,170 sqft
Kitchen
- Level: First
Kitchen
- Level: First
Living Room
- Level: First
Living Room
- Level: First
Primary Bathroom
- Level: First
Primary Bedroom
- Features: Built-in Closet
- Level: First
Property
Details
- Parcel number: 283012944600051001
- Zoning: RC
- Special condition: None
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered,Front Porch,Patio,Rear Porch,Screened,Side Porch
- Exterior features: Irrigation System,Lighting,Private Mailbox,Sidewalk
- Has view: Yes
- View description: Garden,Park/Greenbelt,Trees/Woods,Water,Lake
- Has water view: Yes
- Water view: Water,Lake
- On waterfront: Yes
- Waterfront features: Lake Front
- Residential vegetation: Fruit Trees,Mature Landscaping,Trees/Landscaped
Lot
- Lot size: 0.51 Acres
- Features: Corner Lot,Cul-De-Sac,In County,Landscaped,Oversized Lot
Parking
- Total spaces: 1
- Parking features: Garage
- Has garage: Yes
- Attached garage spaces: 1
- Covered spaces: 1
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
- Cold Wave
- Hurricane
- Strong Wind
- Drought
- Hail
- 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 | $2,123 | $25,476 |
| Home Insurance * | $475 | $5,700 |
| Property Taxes | $316 | $3,792 |
| Electricity | $218 | $2,620 |
| Total | $3,132 | $37,584 |
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 |
|---|---|---|
| 2026-02-28 | Price change | $420,000 |
| 2026-02-06 | Listed for sale | $450,000 |
| 2018-11-19 | Sold | $85,000 |
| 2018-09-10 | Price change | $87,000 |
| 2018-08-17 | Listed for sale | $94,900 |
| 2006-03-20 | Sold | $55,000 |
View on Zillow