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$39,900 -$100 (-0.25%) Price Reduced
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Property Description
Rare opportunity to secure a buildable 0.74-acre property in the fast-growing Lake Wales area - and best of all, NO HOA restrictions. This land offers exceptional flexibility. Under current county guidelines, the property can be approved for a primary residence with an attached in law suite PLUS a detached guest home-a combination that opens the door to multigenerational living, rental income, or private guest accommodations. Located in a thriving area of Polk County surrounded by new development, expanding communities, and easy access to major highways, this property puts you within reach of Lakeland, Winter Haven, Orlando, and Tampa while still offering space, privacy, and freedom. 13 minutes from Walmart, Burger King, Wendy's, McDonald, Tractor Supply, 15 minutes from the City and 17 minutes from US 27. Not sure where to begin? The seller can guide you through the entire process-from permits and land prep to construction and handing you the keys to your brand-new, home. Don't let this opportunity pass you by.
Full Property Details
Full Property Details for Cedarwood Dr
General
- Price: $39,900
- Taxes: $278 (2025)
- Status: Active
- Type: Lots/Land
- Source: MidFloridaRegionalMLS
- MLS ID: S5148266
- Updated: 6/9/2026
- Added to Site: 49 day(s) ago
Location
- Area: 33898 - Lake Wales
- County: Polk
- Development Name: 33898 - Lake Wales
- Subdivision: WALK IN WATER LAKE ESTATES PH 03
- Driving Directions: Take Peavine Rd to FL 60 W. Turn right at FL 60W, turn left in Walk in the Water, right on Sheppard Dr/Cedarwood Dr. Lot is in the right side.
Community
- Community Name: 33898 - Lake Wales
Utilities
- Sewer: None
- Water: None
- Utility Description: Electrical Nearby, Water Nearby
Structural Information
- Current Bldg. Use: Residential
Lot Features
- Lot Size (Acres): 0.74
- Lot Size (Sq. Ft.): 32,234
- Lot Size: 32234
- Lot Dimensions: 192.83 x 165.93
- Street/Road Desc.: Asphalt
Financial Considerations
- Price Per Acre: $53,919
- Assoc Fee Desc.: None
- Tax Amount: $278
- Tax Year: 2025
Disclosures and Reports
- Ownership: Other
- Special Conditions: None
- Legal Description: WALK-IN-WATER LAKE ESTATES PHASE 3 UNIT 4 PB 72 PG 10 BLK R LOT 8
- Flood Zone Info: X
- APN: 293029992920018080
- Property ID: 293029992920018080
- Block/Lot/Section: R
Listed by Innovare Express Llc
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Price & Sales History for Cedarwood Dr
Date
Details
Price
Change
Source
6/04/2026
Price Reduced
$39,900
-0.25%
MLS
4/21/2026
Listed
$40,000
73.91%
MLS
5/31/2012
Sold
$23,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for Cedarwood Dr
Year
Property Taxes
Change
Tax Assessment
Change
2025
$333
—
$25,641
—
2024
$334
6%
$25,641
3%
2023
$316
19%
$24,832
31%
2021
$266
-5%
$18,894
-9%
2022
$281
6%
$20,783
15%
2021
$266
6%
$18,084
5%
2017
$252
-2%
$17,274
—
2016
$257
2%
$17,274
5%
2015
$251
-5%
$16,465
-9%
2019
$263
5%
$18,084
10%
2014
$251
2%
$16,465
5%
2013
$245
—
$15,655
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for Cedarwood Dr
Cedarwood Drive, Lake Wales, FL 33898 (MLS# S5148266) is a Lots/Land property with a lot size of 0.74 acres. Cedarwood Drive is currently listed for $39,900 and was received on April 21, 2026. Want to learn more about Cedarwood Drive? Do you have questions about finding other Lots/Land real estate for sale in Lake Wales? You can browse all Lake Wales real estate or contact a Coldwell Banker agent to request more information.

