Neighborhood · Lake Wales, Florida
Mountain Lake
Historic estate living in central Florida's rolling hills
1
Homes for sale
$1,490,000
Median list price
$419
Avg price / sqft
5
Median days on market
Mountain Lake is one of Lake Wales' most storied enclaves, a planned estate community set among the gentle ridges that give this stretch of Polk County its name. It's a quiet, large-lot kind of place — the sort of neighborhood where privacy, mature landscaping, and generous square footage matter more than being close to the action. For buyers who want room to breathe but still value the broader Lake Wales area, with nearby communities like Lake Ashton and Saddlebag Lake within reach, it strikes a rare balance.
The market here is thin and high-end by design. There's just one active listing at the moment, priced at $1,490,000, so you'll be watching the live map closely and moving fast when inventory appears. Over the past year nine homes sold at a median of $1,425,000, which tells you this is a small, deliberate corner of the market where patience and preparation pay off.
Mountain Lake is a community in Lake Wales, Florida.
Quick facts
$1,490,000 – $1.5M price range
3,554 sqft median home
$2,360/mo median HOA
7 sold in 12 months
Drive times
On the market now
Homes for sale in Mountain Lake
Every active listing inside the Mountain Lake boundary
Open full map search →Find your fit
Browse Mountain Lake
By feature — on the live map
The numbers that matter
The Mountain Lake market
7
Sold, last 12 months
$1,400,000
Median sold price
93%
Sale-to-list ratio
What sellers actually get vs asking
155 days
Median time to sell
Mountain Lake vs Lake Wales
Median list price
Price per sqft
Days on market
Median sold price — 3-yr, 3-mo rolling
▲ 3.0% yr/yr
Homes sold per month
Live Stellar MLS data — every listing and closed sale inside the Mountain Lake boundary. Rolling medians smooth single-month swings in small communities.
For the school run
Schools Mountain Lake is zoned for
Attendance boundaries overlapping this community — always verify zoning with the district.
What it really costs
Owning here
Owning the median Mountain Lake home
≈ $11,265/mo
$1,490,000 median · 20% down · 30-yr fixed at 6.9% · taxes/HOA from live listing data · insurance is a Florida estimate.
$2,360/mo
Median HOA
From current listings inside the boundary
Population
514
Median age
43
Median income
$73,728
Median home value
$299,144
Beyond the listings
Living in Mountain Lake
Hobbies & Interests
Top 23% in the U.S.Green Thumb
From tiny sprouts and window plants, to flower arrangements and designing a landscape, this population has an affinity for all things green.
Lifestyles
Nerd Culture
These people aren't afraid to nerd out. Common activities include comic books, video games, and often intellectual pursuits.
Relationships
Happily Ever After
Whether it's the stress of wedding planning or looking back on that special day, this population has their eyes and hearts focused on lifelong commitment.
Active
Outdoor Adventures
Appreciating the outdoors, this population wants to actively engage with nature. Whether it's finding a new hiking trail or looking for the perfect spot to catch the sunset, they seek to explore the world around them.
Active
Fitness Obsession
Passionate about strength training, this population relies heavily on the encouragement of the exercise community. While these people seek the latest fitness techniques, they're also interested in supplements and equipment.
Hobbies & Interests
Natural Beauty
This population marvels at the beauty of nature, and they want to capture every breath-taking scene.
Straight answers
Mountain Lake FAQs
Is Mountain Lake a good place to live?+
It suits buyers who prioritize space, privacy, and an established estate setting over walkability or nightlife. The large lots and 3,554-square-foot median home size make it a strong fit for families or anyone wanting room to spread out, with schools including McLaughlin Middle School and Fine Arts Academy serving the area. It's quiet by nature, which is exactly the appeal for the people who choose it.
Is Mountain Lake expensive?+
Yes — this is one of the higher-end pockets of Lake Wales, with the single active listing priced at $1,490,000 and recent sales clustered right around it. The median sold price over the last year was $1,425,000, and every listing falls in the $1M-plus tier. There's no entry-level inventory here, so plan accordingly.
What do homes cost in Mountain Lake?+
The current active home is listed at $1,490,000, and average pricing works out to about $419 per square foot. Over the past twelve months nine homes sold at a median of $1,425,000. For broader context on pricing across the wider Lake Wales market, it helps to compare against neighboring communities.
How is the market right now?+
It's a low-inventory, high-value market with just one home currently listed, so timing matters. Sellers have been getting about 92% of asking on average across the nine sales in the past year, which means there's some room to negotiate but not a lot of slack. Comparing against nearby options like Country Club Village can help you gauge relative value.
What about HOA fees and property taxes?+
Expect carrying costs in line with an estate community: the median HOA runs about $2,360 per month and median property taxes are around $10,128 per year. Those figures reflect the scale and amenities typical of this neighborhood, so factor them into your overall budget alongside the purchase price.
Keep exploring
More Lake Wales neighborhoods
Neighborhood boundary by edgeAI; listings matched to the polygon. 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. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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