38 QUEEN OF WATERS STREET
LAKE WALES, FL 33898
About this home
THIS HOME QUALIFIES FOR 100% FINANCING (No PMI and No Income Restrictions with preferred lender). Enjoy lakefront living in the highly sought-after Saddlebag Lake Resort, a gated 55+ community where you own the land and enjoy resort-style amenities. This well-maintained 2-bedroom, 2-bath home offers beautiful waterfront views and a peaceful setting with a greenway on one side, providing added privacy. A spacious 24’ x 10’ screened porch overlooks the lake and offers the perfect space to relax and enjoy the view. Inside, the home features an open-concept floor plan with a spacious kitchen and island, ideal for entertaining and everyday living. The home is partially furnished and includes a washer and dryer, making it move-in ready. The primary bedroom features a large closet and an ensuite bathroom with a double vanity and walk-in shower. The guest bedroom also offers a generous closet, and the guest bathroom includes a tub/shower combination. This home has been meticulously maintained with major updates already completed, including a new roof in December 2022 and an HVAC system replaced in 2022. A large 24’ x 24’ carport was added in 2014, providing ample shade and coverage for vehicles. The landscaped yard is low maintenance, allowing you more time to enjoy the community and lake lifestyle. A ramp provides easy access to the home, and a fire hydrant located on the property offers added peace of mind. A large storage shed is included and is spacious enough for a golf cart. Saddlebag Lake Resort is an active adult 55+ community known for its extensive amenities and vibrant lifestyle. Residents enjoy access to a heated pool, sauna, hot tub, shuffleboard courts, tennis and pickleball courts, horseshoe pits, and a clubhouse with a full kitchen and library. The community also features a dog park with a wash station, a golf practice range, RV and boat storage area, and a private boat launch. The lakefront beach house includes a kitchen and restrooms and provides a perfect setting for gatherings and events. Numerous social clubs and activities are available for residents, including fishing, golf, men’s and women’s clubs, a dog owners’ club, horseshoes, and organized travel opportunities coordinated for the community. This property offers the opportunity to enjoy affordable lakefront living with resort-style amenities in one of Central Florida’s most desirable 55+ communities. Schedule your private showing today.
Facts & features
Interior
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 1,152 sqft
- Heating
- Electric
- Cooling
- Central Air
- Flooring
- Laminate, Linoleum
- Features
- Ceiling Fans(s), L Dining, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Thermostat…
- Appliances
- Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range…
Exterior & lot
- Lot size
- 4,212 sqft (0.1 ac)
- Waterfront
- Yes
- Roof
- Shingle
- Construction
- Other, Vinyl Siding, Frame
- Exterior
- Awning(s), Lighting, Rain Gutters, Sliding Doors
Parking
- Carport
- 4 spaces
Financial
- HOA dues
- $734 / quarterly
- Annual tax
- $712 (2024)
- Price / sqft
- $239/sqft
Utilities
- Water
- Private
- Sewer
- Private Sewer
- Utilities
- Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Property
- Property type
- Single Family
- Year built
- 2008
- Subdivision
- SADDLEBAG LAKE
- County
- Polk
Listing
- Status
- Active
- Days on market
- 434 days
- MLS #
- MFR751384169
- Source
- Stellar MLS
Listed by Amanda Wright · REMAX EXPERTS
Listing data provided by Stellar MLS. Information deemed reliable but not guaranteed.
Sample estimate — not an appraisal
Based on 24 comparable sales within 2 miles of LAKE WALES, FL, this home is priced under RENA ValiQ.
Reference only. Estimates blend public sale comps, neighbourhood trend and the listing’s own metrics. Final price moves on diligence, terms and timing — RENA is your second read, not your agent.
Estimate your monthly cost
PITI + HOA- Principal & interest
- $1,390/mo
- Property tax
- $59/mo
- Home insurance
- $0/mo
- HOA dues
- $245/mo
Opens at 20% down over 30 years at 6.5%, the same assumptions as the answers below. Property tax is this listing's own bill; insurance is left out until you enter a quote, because Florida premiums turn on roof age, elevation and carrier. Every field is editable.
Ask about this property
Answered from this listing’s own figures and the sales around it.
Price history
From the property’s MLS record.
| Date | Event | Price | Change |
|---|---|---|---|
| Jun 1, 2026 | Price reduced | $274,900 | −$100 |
| Mar 21, 2025 | Listed | $275,000 | — |
NeighbourhoodSample data
Reference scores for LAKE WALES, FL. Schools, mobility and amenities feed live data once the dedicated provider connection lands.
Location
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