$320,000
651 Lorraine Circle
Lake Wales, FL 33853
Listing updated: April 23, 2026 at 9:07 PM ET
Listing courtesy of Dalton Wade Inc · Gaby Gonzalez · MLS #L4955658 · Active · 888-668-8283Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
Welcome to 651 Lorraine Circle! Great investment opportunity! This property is currently tenant-occupied, making it an excellent option for investors seeking immediate rental income. This beautifully maintained home is located in the heart of Lake Wales, an up-and-coming area known for its family-friendly atmosphere and great schools. Convenience is key—you’re just minutes from shopping, dining, medical centers, and local attractions, all while enjoying a quiet residential setting. Major updates already done for you! The roof, water heater, and AC were all replaced about two years ago, offering peace of mind and lower maintenance costs. Whether you’re expanding your portfolio or planning for future use, this property offers incredible potential in a growing community with easy access to major highways.
Local Insight
At $172/sqft for a 1957 five-bedroom in a town deliberately built around heritage and character rather than sprawl, you're getting solid bones in Lake Wales' most stable neighborhood context — the Ridge Manor area benefits from that elevation advantage and proximity to Bok Tower Gardens without the price premium you'd pay in touristy Mount Dora. The real trade-off here is the age of the home (66 years old, only 2 baths for 5 bedrooms) against the appeal of a genuine small-town market where appreciation is steady but modest, and you're betting on Lake Wales' slow-growth preservation strategy actually holding your investment value. If you want walkable downtown character and aren't chasing rapid equity gains, this price-to-square-foot ratio in a flood zone X area with no HOA is worth a serious inspection.
AI-generated insight based on listing data and neighborhood context. Verify independently.
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history230 days on market
- Status: ActiveSep 6, 2025
- Listed$335,900Sep 4, 2025
- Price reduced$320,000
Facts & features
- Property type
- Residential
- Sub type
- Single Family Residence
- Status
- Active
- Days on market
- 230
- Subdivision
- Ridge Manor
- County
- Polk
- Year built
- 1957
- Living area
- 1,864 sq ft
- Price/sq ft
- $172
- Building area
- 2,244 sq ft (Public Records)
- Lot size
- 13,491 sq ft
- Lot category
- 1/4 to less than 1/2
- Flood zone
- X (12105C0565H)
- Annual taxes
- $2,782 (2024)
- Parcel #
- 27-30-11-915500-001071
- Zoning
- R-2
- MLS #
- L4955658
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Interior Details
- Bedrooms
- 5
- Full bathrooms
- 2
- Flooring
- Tile
- Appliances
- Other
- Interior features
- Other
- Laundry
- Other
- Stories / Levels
- One
- Direction faces
- South
Heating & Cooling
- Heating
- Electric
- Cooling
- Central Air
HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
- CDD
- No
- Min lease term
- No Minimum
- Ownership
- Fee Simple
- Available for lease
- Yes
- Lease restrictions
- No
Exterior & Construction
- Exterior features
- Other
- Construction materials
- Block
- Roof
- Shingle
- Foundation
- Block
- Road surface
- Asphalt
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- Electricity Connected
Schools
Letter grades: Florida DOE 2024–25 school grades (Orange, Seminole, Lake, Osceola, Brevard). Assigned schools from the listing agent — verify enrollment with the district.
Room Details
| Room | Level | Dimensions |
|---|---|---|
| Primary Bedroom | First | |
| Bedroom 2 | First | |
| Bedroom 3 | First | |
| Bedroom 4 | First | |
| Bedroom 5 | First | |
| Bathroom 1 | First | |
| Living Room | First | |
| Kitchen | First |
Listing Details
- Listing date
- 2025-09-04
- On market date
- 2025-09-04
- Original list price
- $335,900
- Occupant type
- Tenant
- MLS area
- 33853 - Lake Wales South
- Listing AOR
- Suncoast Tampa
- Status changed
- 2025-09-06
- Tax legal description
- RIDGE MANOR FIRST UNIT PB 12 PG 10 IN SEC 12 T30 R27 BLK 1 LOTS 7 E1/2 & 8 LESS E 15 FT
Flood risk
Minimal-risk area outside the mapped floodplain. Flood insurance is optional and typically low-cost.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
Directions
From US Highway 27 in Lake Wales, head east on Highway 60. Turn left onto Buck Moore Road, then right onto Emeralda Avenue. Turn right onto Lorraine Circle—home will be on your left.
Listings courtesy of Stellar MLS as distributed by MLS GRID
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information submitted to the MLS GRID as of April 23, 2026 at 9:07 PM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Ryan Solberg, Broker · MaxLife Realty LLC · FL License #BK3354351 · Equal Housing Opportunity · Full disclaimer · DMCA