Neighborhood · Lakeland, Florida
Lake Somerset
Easy Lakeland living between Tampa and Orlando
9
Homes for sale
$281,999
Median list price
$197
Avg price / sqft
18
Median days on market
Lake Somerset sits in the heart of Polk County, a practical Lakeland neighborhood for buyers who want room to breathe without giving up a commutable location. It's the kind of community that trades flash for substance — single-family homes on manageable lots, a short drive to everything, and neighbors who settle in and stay. If you're weighing it against nearby pockets like Winston, Sandpiper, or the historic streets of Dixieland, Lake Somerset lands in a reasonable middle — accessible and quiet.
The market here moves at a healthy clip. With just 9 active listings and a median list price of $281,999, inventory is tight enough that well-priced homes don't linger — the median time on market is 18 days, and sellers are getting 99% of asking. Compared to pricier Lakeland homes for sale closer to Lake Hollingsworth, this is a spot where a buyer can still find value and act decisively.
Lake Somerset is a community in Lakeland, Florida.
Quick facts
$215,000 – $429K price range
1,636 sqft median home
$125/mo median HOA
$1,860/mo median rent
40 sold in 12 months
Drive times
On the market now
Homes for sale in Lake Somerset
$389,000
3603 LISMORE DRIVE, LAKELAND
4 bd · 2 ba · 1,636 sqft
$299,000
3010 STANHOPE AVENUE, LAKELAND
4 bd · 2 ba · 1,676 sqft
$374,900$384,900
3027 REDWOOD AVENUE, LAKELAND
4 bd · 2 ba · 1,848 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
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Browse Lake Somerset
By feature — on the live map
Where the market lives
The numbers that matter
The Lake Somerset market
40
Sold, last 12 months
$287,500
Median sold price
99%
Sale-to-list ratio
What sellers actually get vs asking
17 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
≈ $2,025/mo
$281,999 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 solid pick for buyers who want a quiet residential Lakeland neighborhood with a central Polk County location. You're about 44 minutes from downtown Tampa and 55 from Walt Disney World, and the area feeds into established schools like Lakeland Senior High and Highlands Grove Elementary. For an everyday, settle-in community, it checks the practical boxes.
Is Lake Somerset expensive?+
Not by Central Florida standards — the median list price is $281,999, with active homes ranging from $215,000 to $429,000. At an average of $198 per square foot, it's noticeably more attainable than higher-end Lakeland homes for sale around the lakes. There are currently no listings over $1 million here.
What do homes cost in Lake Somerset?+
Over the last 12 months, 40 homes sold at a median price of $287,500, and today's median list price is $281,999. Most homes run around 1,636 square feet, and the active inventory spans $215,000 to $429,000, so there's range depending on size and condition.
How is the market right now?+
Tight and moving. With only 9 active listings, a median of 18 days on market, and sellers averaging 99% of asking, demand is outpacing supply. Buyers should come prepared to move quickly on a well-priced home.
What about HOA fees and property taxes?+
The median HOA runs about $125 a month and median property taxes land around $2,443 a year. Those are modest figures for the area, and with a median rent near $1,860 a month, the numbers tend to pencil out reasonably for both owner-occupants and investors.
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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