38 QUEEN OF WATERS STREET, LAKE WALES, FL, 33898
Active567 days on marketListed Mar 24, 2025MLS #L4951660
Come see it
Upcoming open house
Tue, Oct 13
11:00 AM – 1:00 PM
About this home
38 QUEEN OF WATERS STREET
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
The home at a glance
2
Bedrooms
2
Bathrooms
1,152
Sqft
0.1 ac
Lot size
2008
Year built
One
Levels
$217
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record and the real association fee — not generic estimates.
$2,046 /mo · 3.5% down FHA, 30-yr fixed at 6%
The assumptions
FHA is the default here because it gets you in the door with just 3.5% down. Switch to Conventional or VA below.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
Estimated payment
$2,046/mo
Includes FHA mortgage insurance and the financed 1.75% upfront premium. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
vs edgeAI estimate
+39.6%
$/sqft vs SADDLEBAG LAKE
$217 vs $144
Days on market
567 vs 84 typical
Where $217/sqft sits among the 29 homes for sale in SADDLEBAG LAKE
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
Where it sits
Inside Saddlebag Lake
Drive times from this address
Estimated driving times, typical traffic. Data © OpenStreetMap contributors.
Get to know Lake Wales. See the full Lake Wales guide →
Saddlebag Lake — neighborhood snapshot
Population
569
Median age
68
Median income
$34,972
Median home value
$83,600
Avg household
1
Households w/ children
16%
For the school run
Polk County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Lake Wales market
$275K → $249K
Lake Wales median sold, yr/yr
96.3%
Sale-to-list ratio (12 mo)
10 of 29
SADDLEBAG LAKE have cut their price
Median sold price, Lake Wales, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 79% above the LAKE WALES 33898 median. See the full Lake Wales market guide →
Paper trail
This home's history
Reality check
What actually sold near 38 QUEEN OF WATERS STREET
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Feb ’26$205,000
49 QUEEN OF WATERS STREET · same community
2 bd · 2 ba · 1,152 sqft · $178/sqft · 1 DOM
Sold · Jan ’26$155,000
85 SADDLEBAG TRAIL · same community
3 bd · 2 ba · 1,152 sqft · $135/sqft · 252 DOM
Sold · Oct ’26$170,000
17 RED QUILL CIRCLE · same community
2 bd · 2 ba · 1,152 sqft · $148/sqft · 425 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
Cindy Fernandez
REALTOR® · CENTURY 21 Edge
Tours, negotiation, and every question about 38 QUEEN OF WATERS STREET — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 38 QUEEN OF WATERS STREET — before you fall in love.
See it in person
Schedule a tour
Live availability from Cindy's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
38 QUEEN OF WATERS STREET FAQs
What would the monthly payment be for 38 QUEEN OF WATERS STREET?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $2,046/mo — principal and interest, the actual property-tax bill, the $245/mo association fee and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
How much are the HOA fees at 38 QUEEN OF WATERS STREET?+
The association fee works out to $245 per month. Ask us for the full association documents — they spell out exactly what the fee covers.
What are the property taxes on 38 QUEEN OF WATERS STREET?+
The most recent tax bill on record (2024) was $712. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
Are pets allowed at 38 QUEEN OF WATERS STREET?+
The listing reports pets: Yes. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.
How does the price compare to other homes in Lake Wales?+
At $249,900, this home is listed about 2% above the Lake Wales median of $245,000. The market section on this page shows how the area is trending.
Which schools are assigned to 38 QUEEN OF WATERS STREET?+
Spook Hill Elementary School (elementary), Bartow Senior High School (high) — Polk County School District. Always verify school assignments with the district before relying on them.
The brief
Four things that matter here
01Positioned at the premium end
$249,900 runs 79% above the LAKE WALES 33898 median.
02Waterfront living
This home sits directly on the water — the single scarcest feature in Florida inventory and the strongest long-term value anchor.
03Time on market is leverage
567 days on market against a Lake Wales median of 84 — sellers in this position are usually ready to negotiate.
04The price has already moved
Listed at $275,000, now $249,900 — a $25K cut. The full history is in the market section below.
Keep looking
Similar homes nearby
Listing courtesy of REMAX EXPERTS · Amanda Wright. MLS #L4951660.
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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