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1022 S TOWER LANE, Lake Wales, FL, 33853

3beds
2baths
1,424sqft
$274,990
$193price/sqft
$2,216/moest. monthly cost
$88,640/yrincome needed

About This Home

This quaint 3-bedroom, 2-bath home is nestled in the picturesque town of Lake Wales, Florida. Beautifully designed and tastefully decorated, you'll fall in love the moment you step through the front door. The spacious kitchen offers plenty of room to prepare your favorite meals. Generous closets provide ample storage in every bedroom. Tile flooring throughout adds both style and easy maintenance. The oversized primary suite provides a relaxing retreat with plenty of room to unwind. A desirable split-bedroom floor plan and separate laundry room add comfort and functionality to this charming home. Step outside and discover the surprisingly spacious backyard, offering endless possibilities for outdoor living. The large wooden deck extends your living space and is the perfect spot for entertaining family and friends, enjoying your morning coffee, or relaxing at the end of the day. Located in one of Central Florida's most charming communities, this home is just minutes from many of Lake Wales' most popular attractions. Spend the day exploring the beautiful gardens at the historic** Bok Tower Gardens**, enjoy lunch at the on-site café, or take advantage of the nearby Lake Wales sports fields and scenic** Lake Wailes Park**. With its small-town charm, convenient location, and inviting atmosphere, this home is ready to welcome its next owners.**

Getting Around

3
WalkingCar-Dependent
0
TransitVery Limited Transit
36
BikeSomewhat Bikeable

Schools

Construction

Condition

  • Property condition: Completed
  • Year built: 1961

Materials

  • Foundation: Crawlspace
  • Roof: Shingle
  • Construction materials: Block

Type & Style

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

Interior

Appliances

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

Bedrooms & Bathrooms

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

Features

  • Ceiling Fan(s),Eating Space In Kitchen,Split Bedroom,Thermostat
  • Flooring: Ceramic Tile
  • Fireplace features: Decorative
  • Fireplace: Yes

Heating & Cooling

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

Interior Area

  • Total structure area: 1,469
  • Total interior livable area: 1,424 sqft

Kitchen

  • Features: No Closet
  • Level: First
  • Area: 100
  • Dimensions: 10x10

Living Room

  • Features: No Closet
  • Level: First
  • Area: 468
  • Dimensions: 18x26

Primary Bedroom

  • Features: Dual Closets
  • Level: First
  • Area: 324
  • Dimensions: 18x18

Property

Details

  • Parcel number: 272936880200003030
  • Zoning: R-1A
  • Special condition: None

Features

  • Levels: One
  • Stories: 1
  • Exterior features: Storage

Lot

  • Lot size: 10,097 sqft
  • Features: Landscaped
  • Lot size dimensions: 78 x 130

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

  • Lightning
    LightningRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Hurricane
    HurricaneModerate

How This Home’s Risks Compare

Lightning
Strong Wind
Hurricane

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 $1,390$16,680
Home Insurance *$303$3,636
Property Taxes $326$3,912
Electricity $197$2,366
Total$2,216$26,592
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$75,977/yr
40% on housing$66,480/yr
45% on housing$59,093/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

$193This listing

vs Other Active Listings

Avg $/sqft

ZIP 33853$110
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)

No zestimate history available

Price History

DateEventPrice
2026-08-06Pending sale$274,990
2026-06-27Listed for sale$274,990
2020-07-23Sold$173,000
2020-06-19Pending sale$175,000
2020-06-15Price change$175,000
2020-04-05Pending sale$177,500
2020-02-20Price change$177,500
2019-12-17Price change$179,000
2019-11-06Pending sale$178,000
2019-10-17Price change$178,000
2019-09-23Price change$185,000
2019-08-23Listed for sale$190,000
2018-11-02Sold$80,000
2018-10-23Pending sale$79,900
2018-10-22Price change$79,900
2018-10-05Listed for sale$87,000
2018-09-27Pending sale$87,000
2018-09-14Listed for sale$87,000
2018-09-05Pending sale$87,000
2018-08-24Price change$87,000
2018-07-26Listed for sale$99,000
2018-06-28Sold$70,600
2003-08-20Sold$37,000
1997-05-20Sold$37,000
1995-10-11Sold$47,300

For Sale by Agent

AgentLamanda Jones
BrokerageCENTURY 21 WATSON & MYERS REALTY

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