Neighborhood · Lakeland, Florida
Lake Somerset
Settled Lakeland living between Tampa and Orlando
8
Homes for sale
$270,950
Median list price
$201
Avg price / sqft
45
Median days on market
Lake Somerset sits in the heart of Polk County, the kind of established Lakeland neighborhood where the commute math works in your favor — downtown Tampa is about 44 minutes out, Walt Disney World roughly 55, and both major airports stay within an hour's drive. The streets feel residential and settled, with nearby communities like Lake Hollingsworth, Sandpiper, and Winston rounding out the broader area's character.
For a buyer today, this is a tight, moderately priced pocket of the Lakeland market. There are just 6 active listings with a median list price of $255,950, and homes are moving at a measured pace — around 51 days on market — while sellers over the past year have pulled in 99% of asking. That combination means you have room to be selective without the frenzy you'll find in hotter corners of Central Florida.
Lake Somerset is a community in Lakeland, Florida.
Quick facts
$215,000 – $429K price range
1,578 sqft median home
$125/mo median HOA
$1,860/mo median rent
39 sold in 12 months
Drive times
On the market now
Homes for sale in Lake Somerset
$384,900
3027 REDWOOD AVENUE, LAKELAND
4 bd · 2 ba · 1,848 sqft
$389,000
3603 LISMORE DRIVE, LAKELAND
4 bd · 2 ba · 1,636 sqft
$215,000$229,000
3022 VENICE WAY, LAKELAND
3 bd · 2 ba · 968 sqft
$259,900
3003 DREWERY AVENUE, LAKELAND
3 bd · 2 ba · 1,315 sqft
$229,900$239,900
3307 KILMER DRIVE UNIT 3307, LAKELAND
3 bd · 2.5 ba · 1,840 sqft
$249,900$252,000
3014 VENICE WAY, LAKELAND
3 bd · 1.5 ba · 1,166 sqft
$281,999$288,000
2925 BELLWOOD AVENUE, LAKELAND
4 bd · 2 ba · 1,520 sqft
$429,000$439,900
1178 WINDJAMMER DRIVE, LAKELAND
3 bd · 2.5 ba · 2,008 sqft
Every active listing inside the Lake Somerset boundary
Open full map search →Find your fit
Browse Lake Somerset
By feature — on the live map
Where the market lives
The numbers that matter
The Lake Somerset market
39
Sold, last 12 months
$280,000
Median sold price
99%
Sale-to-list ratio
What sellers actually get vs asking
18 days
Median time to sell
Lake Somerset vs Lakeland
Median list price
Price per sqft
Days on market
Median sold price — 3-yr, 3-mo rolling
▲ 14.3% yr/yr
Homes sold per month
Live Stellar MLS data — every listing and closed sale inside the Lake Somerset boundary. Rolling medians smooth single-month swings in small communities.
For the school run
Schools Lake Somerset is zoned for
Attendance boundaries overlapping this community — always verify zoning with the district.
What it really costs
Owning here
Owning the median Lake Somerset home
≈ $2,006/mo
$270,950 median · 20% down · 30-yr fixed at 6.9% · taxes/HOA from live listing data · insurance is a Florida estimate.
$125/mo
Median HOA
From current listings inside the boundary
$1,860/mo
Median rent
Homes for rent inside the boundary
Population
1,607
Median age
50
Median income
$63,530
Median home value
$222,764
Beyond the listings
Living in Lake Somerset
Hobbies & Interests
Top 3% in the U.S.Dog Lovers
Pups are just another member of the family. Dog lovers adore their tail-wagging friends and are looking for new ways to make them happy.
Attitudes
Top 3% in the U.S.Volunteering & Giving
Expressing a desire to give back and do good for the community, this behavior emphasizes charity. Common activities include volunteering, fundraisers, and donations.
Relationships
Top 6% in the U.S.Networking
Driven to succeed in the business world, this population seeks to progress in their career through networking happy hours, summits, and connecting with other professionals online.
Hobbies & Interests
Top 7% in the U.S.Animal Advocates
Passionate about animal welfare, this population wants to know how best to care for their own pets (with toys and training) and help other animals find their fur-ever home.
Relationships
Top 10% in the U.S.Connected Motherhood
Motherhood is a unique journey for every woman. There are highs, lows,and lots to celebrate. These moms seek to share their experiences and engage with a community of moms.
Relationships
Top 12% in the U.S.Love & Romance
Love is in the air when this population is present. Includes people expressing their feelings for significant others in special ways. Common activities include anniversaries and date nights.
People who close here
Our Lakeland experts
Straight answers
Lake Somerset FAQs
Is Lake Somerset a good place to live?+
It's a settled residential neighborhood in Lakeland with a genuinely convenient location — downtown Tampa is about 44 minutes away and Walt Disney World roughly 55. Assigned schools include Southwest Middle School and Lakeland Senior High School, and nearby Lake Hollingsworth adds to the area's established feel.
Is Lake Somerset expensive?+
Not by Central Florida standards — the median list price sits at $255,950, with active listings ranging from $215,000 to $429,000. At about $194 per square foot, it's one of the more approachable corners of the broader Lakeland market.
What do homes cost in Lake Somerset?+
The median list price is $255,950, while homes sold over the past 12 months closed at a median of $277,000. With a median size around 1,418 square feet, you're generally looking at compact, well-priced single-family homes rather than sprawling estates.
How is the market right now?+
It's balanced and steady. There are 6 active listings, homes take a median of about 51.5 days to sell, and over the last year 40 homes closed with sellers averaging 99% of their asking price.
What about HOA fees and property taxes?+
The median HOA runs about $329 per month and the median property tax is roughly $2,275 per year. If you're weighing renting versus buying, the median rent in the area is around $1,860 per month.
Keep exploring
More Lakeland 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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