721 FRANK LLOYD WRIGHT WAY, LAKELAND, FL, 33803
Active138 days on marketListed May 25, 2026MLS #L4962180
About this home
721 FRANK LLOYD WRIGHT WAY
Welcome to this beautifully maintained historic home ideally situated just steps from Florida Southern College and the iconic Lake Hollingsworth. Location truly sets this property apart, placing you just minutes from South Florida Avenue, downtown Lakeland, and the vibrant Dixieland district — offering convenient access to some of Lakeland’s best dining, shopping, entertainment, and cultural attractions. A short stroll brings you to the picturesque Florida Southern campus, home to the world’s largest collection of Frank Lloyd Wright architecture, as well as the renowned Frank Lloyd Wright at Florida Southern College. Please note: the home is currently tenant-occupied with a lease in place through September 30, 2026. As you arrive, you’ll immediately appreciate the inviting curb appeal and spacious front porch complete with a porch swing — the perfect place to relax or entertain guests. Inside, the home showcases timeless character with original hardwood flooring, abundant natural light, elegant furnishings, and tasteful décor throughout. The cozy living room features a wood-burning fireplace, creating a warm and welcoming atmosphere. Through beautiful double French doors, you’ll enter the expansive dining room, ideal for hosting family gatherings and entertaining. The first-floor primary suite offers ample space for a king-sized bed, a beautifully updated bathroom, and a generously sized closet room is separate from the bedroom, as well as an additional closet. A nearby den/office provides flexibility and could easily function as a fourth bedroom with adding a closet. Upstairs, you’ll find two additional bedrooms connected by a convenient Jack-and-Jill bathroom. The home also includes an interior laundry room with washer and dryer, built-in cabinetry, and additional storage space. The kitchen is designed with both functionality and style in mind, featuring granite countertops, a tiled backsplash, gas range, stainless steel appliances, and plenty of workspace for cooking and entertaining. A detached two-car garage currently serves as additional storage but offers endless possibilities as a workshop, traditional garage space, or potential future studio apartment conversion. Major updates include a new roof installed in December 2025, along with updated dual HVAC systems — one replaced in 2020 and the other in 2025. Furnishings, as well as the washer and dryer, are negotiable with the sale of the home. Step outside to your private backyard retreat featuring a brick-paver patio, lounge seating area, new fencing, lush landscaping, and plenty of space to unwind or entertain outdoors. This exceptional Lakeland property combines historic charm, modern updates, and an unbeatable location. Schedule your private showing today and experience everything this spectacular home has to offer.
Facts & features
The home at a glance
3
Bedrooms
3
Bathrooms
1,895
Sqft
0.2 ac
Lot size
2
Garage
1920
Year built
Two
Levels
$290
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 — not generic estimates.
$4,028 /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
$4,028/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
+20.4%
$/sqft vs Lakeland actives
$290 vs $196
Days on market
138 vs 67 typical
Where $290/sqft sits among the 400 Lakeland actives
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 Historic Lake Morton
Drive times from this address
Estimated driving times, typical traffic. Data © OpenStreetMap contributors.
Get to know Lakeland. See the full Lakeland guide →
Historic Lake Morton — neighborhood snapshot
Population
1,887
Median age
35
Median income
$60,388
Median home value
$375,682
Avg household
2
Households w/ children
100%
For the school run
Polk County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Lakeland market
$316K → $322K
Lakeland median sold, yr/yr
97.8%
Sale-to-list ratio (12 mo)
239 of 400
Lakeland actives have cut their price
Median sold price, Lakeland, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 86% above the LAKELAND 33803 median. See the full Lakeland market guide →
Paper trail
This home's history
Reality check
What actually sold near 721 FRANK LLOYD WRIGHT WAY
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Nov ’25$475,000
63 LAKE HUNTER DRIVE · same community
4 bd · 3 ba · 1,851 sqft · $257/sqft · 96 DOM
Sold · Nov ’25$280,000
402 W PATTERSON STREET · same community
3 bd · 2 ba · 1,640 sqft · $171/sqft · 98 DOM
Sold · May ’26$265,000
706 W PATTERSON STREET · same community
4 bd · 2 ba · 1,580 sqft · $168/sqft · 3 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
Kathy Miller
real estate agent · CENTURY 21 Edge
Tours, negotiation, and every question about 721 FRANK LLOYD WRIGHT WAY — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 721 FRANK LLOYD WRIGHT WAY — before you fall in love.
See it in person
Schedule a tour
Live availability from Kathy's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
721 FRANK LLOYD WRIGHT WAY FAQs
What would the monthly payment be for 721 FRANK LLOYD WRIGHT WAY?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $4,028/mo — principal and interest, the actual property-tax bill 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.
What are the property taxes on 721 FRANK LLOYD WRIGHT WAY?+
The most recent tax bill on record (2025) was $4,656. 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 721 FRANK LLOYD WRIGHT WAY?+
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 Lakeland?+
At $549,900, this home is listed about 64% above the Lakeland median of $335,000. The market section on this page shows how the area is trending.
Which schools are assigned to 721 FRANK LLOYD WRIGHT WAY?+
Philip O'Brien Elementary School (elementary), Lakeland Senior High School (high), Crystal Lake Middle School (middle) — Polk County School District. Always verify school assignments with the district before relying on them.
The brief
Three things that matter here
01Positioned at the premium end
$549,900 runs 86% above the LAKELAND 33803 median.
02Time on market is leverage
138 days on market against a Lakeland median of 67 — sellers in this position are usually ready to negotiate.
03The price has already moved
Listed at $555,000, now $549,900 — a $5K cut. The full history is in the market section below.
Keep looking
Similar homes nearby
Listing courtesy of REMAX EXPERTS · David Fridovich. MLS #L4962180.
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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