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505 Petteway Dr, Lakeland, FL, 33805

3beds
2baths
1,885sqft
$299,000
$159price/sqft
$2,183/moest. monthly cost
$87,320/yrincome needed

About This Home

Welcome to your dream home at 505 Petteway Dr, a stunning 2006 build, 1,885 sq. ft. 3-bedroom, 2-bathroom sanctuary tucked away on a peaceful dead-end street in Lakeland. This property has been meticulously transformed with high-end finishes, boasting a NEW roof, a NEW AC system with NEW AC ducts, and a NEW septic pump for total peace of mind. The interior radiates with a full NEW paint job and gorgeous NEW luxury vinyl flooring that flows seamlessly into a chef-inspired kitchen featuring sleek NEW cabinets. The spacious master suite serves as a true retreat, featuring an elegant en-suite shower and dual walk-in closets, while every guest bedroom throughout the home is thoughtfully finished with built-in closet systems for maximum storage and organization. Both bathrooms have been elegantly upgraded with NEW tiled showers and NEW vanities, providing a custom, modern feel. Complete with a convenient storage shed and mature landscaping. Situated in a quiet, friendly neighborhood at the end of a quiet road, this house offers the perfect combination of luxury and tranquility—all that's left to do is move in!

Getting Around

24
WalkingCar-Dependent
0
TransitVery Limited Transit
49
BikeSomewhat Bikeable

Schools

1/10
3/10
Lake Gibson Senior High SchoolGrades PK,9-123.1 mi

Construction

Condition

  • Property condition: Completed
  • Year built: 2006

Materials

  • Foundation: Slab
  • Roof: Shingle
  • Construction materials: Wood Frame

Type & Style

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

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Microwave,Range,Refrigerator,Washer
  • Laundry features: Laundry Room

Balcony Porch Lanai

  • Level: First

Bathroom2

  • Level: First

Bedroom1

  • Features: Built-in Closet
  • Level: First

Bedroom2

  • Features: Built-in Closet
  • Level: First

Bedrooms & Bathrooms

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

Dining Room

  • Level: First

Features

  • Ceiling Fan(s),High Ceilings,Open Floorplan,Thermostat,Walk-In Closet(s)
  • Flooring: Luxury Vinyl

Heating & Cooling

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

Interior Area

  • Total structure area: 1,980
  • Total interior livable area: 1,885 sqft

Kitchen

  • Level: First

Laundry

  • Level: First

Laundry

  • Level: First

Living Room

  • Level: First

Primary Bathroom

  • Level: First

Primary Bedroom

  • Features: Ceiling Fan(s),En Suite Bathroom,Walk-In Closet(s)
  • Level: First

Property

Details

  • Parcel number: 232736015500003013
  • Special condition: None

Features

  • Levels: One
  • Stories: 1
  • Exterior features: Private Entrance,Private Mailbox,Storage

Lot

  • Lot size: 9,723 sqft
  • Lot size dimensions: 68 x 141

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
    LightningVery High
  • Strong Wind
    Strong WindVery High
  • Hurricane
    HurricaneRelatively High
  • Heat Wave
    Heat WaveModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Lightning
Strong Wind
Hurricane
Heat Wave
Tornado

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 $1,511$18,132
Home Insurance *$292$3,504
Property Taxes $183$2,196
Electricity $197$2,366
Total$2,183$26,196
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$74,845/yr
40% on housing$65,490/yr
45% on housing$58,213/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

$159This listing

vs Other Active Listings

Avg $/sqft

ZIP 33805$106
Polk County$134

vs Homes Sold Last Month

Median $/sqft

ZIP 33805$176
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
2026-05-06Price change$299,000
2026-04-16Listed for sale$315,000
2026-01-27Sold$143,700

For Sale by Agent

AgentAlexandra Rad
BrokerageDALTON WADE INC

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