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7040 Tamarind Dr, Lake Wales, FL, 33898

2beds
2baths
1,216sqft
$228,000
$188price/sqft
$1,782/moest. monthly cost
$71,280/yrincome needed

About This Home

HUGE PRICE IMPROVEMENT!! EVERYTHING ABOUT THIS HOME SAYS WELCOME!! Beautifully updated and very spacious 2 bedroom 2-bathroom single family home in a 55+ great community with very low HOA fee that includes a heated pool, a clubhouse with planned activities, a dog park, fishing tournaments on Lake Pierce, a fitness center, and more. If you like to fish and go boating, Lake Pierce is only a couple of blocks away. There is so much potential here the opportunities are endless! It has a Florida Room on the front, and a Florida room in the back, plus a huge, covered patio in back. The garage and the workshop are enormous with a combined square footage of over 1,100. You could make an in-law suite, a game room, or add bedrooms and bathrooms, or just love it the way it is! If you enjoy gardening, the backyard is a dream come true. The landscaping is unique and low maintenance. The AC was new in 2024. This home includes double paned windows that is very helpful with electric bills. The inside of the home is beautiful and immaculate. The workshop is air conditioned. There is a breakfast bar, granite countertops, stainless steel appliances. It's a split bedroom plan and the primary bedroom has 3 closets. This home offers so much storage space; you won't have a problem having a place for everything with room to spare. A peaceful setting but close to conveniences like, shopping, restaurants, medical, and the Orlando theme parks and beaches on both sides of the state are all within an hour and a half drive or less. There is so much to boast about that it's impossible to put it all into words. You really must see this home to experience the comfort, relaxation, and possibilities that comes with it. Make your appointment to see this amazing property!

Getting Around

2
WalkingCar-Dependent
0
TransitVery Limited Transit
23
BikeSomewhat Bikeable

Schools

Construction

Condition

  • Year built: 1999

Materials

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

Type & Style

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

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Electric Water Heater,Microwave,Range,Refrigerator,Washer
  • Laundry features: In Garage

Balcony Porch Lanai

  • Level: First
  • Area: 216
  • Dimensions: 12x18

Bathroom2

  • Features: Linen Closet
  • Level: First
  • Area: 84
  • Dimensions: 7x12

Bedroom2

  • Features: Built-in Closet
  • Level: First
  • Area: 168
  • Dimensions: 12x14

Bedrooms & Bathrooms

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

Dining Room

  • Level: First
  • Area: 144
  • Dimensions: 12x12

Features

  • Ceiling Fan(s),High Ceilings,Open Floorplan,Solid Wood Cabinets,Split Bedroom,Stone Counters,Walk-In Closet(s)
  • Door features: Sliding Doors
  • Window features: Window Treatments
  • Flooring: Carpet,Tile

Florida Room

  • Level: First
  • Area: 196
  • Dimensions: 14x14

Heating & Cooling

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

Interior Area

  • Total structure area: 2,417
  • Total interior livable area: 1,216 sqft

Kitchen

  • Level: First
  • Area: 224
  • Dimensions: 14x16

Living Room

  • Level: First
  • Area: 280
  • Dimensions: 14x20

Primary Bathroom

  • Features: Linen Closet
  • Level: First
  • Area: 120
  • Dimensions: 10x12

Primary Bedroom

  • Features: Walk-In Closet(s)
  • Level: First
  • Area: 308
  • Dimensions: 14x22

Workshop

  • Level: First
  • Area: 408
  • Dimensions: 17x24

Property

Details

  • Parcel number: 282833936200000830
  • Special condition: None

Features

  • Levels: One
  • Stories: 1
  • Patio & porch: Enclosed,Front Porch
  • Exterior features: Garden,Irrigation System,Rain Gutters
  • Residential vegetation: Fruit Trees,Mature Landscaping

Lot

  • Lot size: 7,405 sqft

Parking

  • Total spaces: 2
  • Parking features: Garage Door Opener,Oversized
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

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 $1,152$13,824
Home Insurance *$258$3,096
Property Taxes $175$2,100
Electricity $197$2,366
Total$1,782$21,384
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$61,097/yr
40% on housing$53,460/yr
45% on housing$47,520/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

$188This listing

vs Other Active Listings

Avg $/sqft

ZIP 33898$126
Polk County$134

vs Homes Sold Last Month

Median $/sqft

ZIP 33898$187
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
2026-05-02Price change$236,900
2026-03-26Price change$239,900
2026-03-02Price change$249,900
2026-02-03Price change$254,900
2026-01-09Listed for sale$259,900
2026-01-01Listing removed$232,900
2025-12-01Price change$232,900
2025-11-03Price change$234,900
2025-10-19Price change$236,900
2025-10-10Price change$239,900
2025-09-13Price change$243,900
2025-07-25Listed for sale$250,000
2025-06-03Sold$230,000
2025-05-02Pending sale$235,000
2025-04-25Listed for sale$235,000
2020-11-24Sold$152,000
2020-10-21Pending sale$149,900
2020-10-19Listed for sale$149,900
1998-12-30Sold$12,000

For Sale by Agent

AgentKimberly Gay
BrokerageCOLDWELL BANKER REALTY

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