ALTHEA DRIVE, INDIAN LAKE ESTATES, FL, 33855
Active100 days on marketListed Apr 24, 2026MLS #P4938538
About this home
ALTHEA DRIVE
Discover the perfect opportunity to build your dream home on this stunning secluded 3.13-acre lot, tucked away in the vibrant community of Indian Lake Estates! This unique property features an impressive 40x350 ft. entryway from Althea Drive that will lead you into a spectacular expanded triangular-shaped lot. This area is a paradise for golf lovers, fishing enthusiasts, and boating aficionados, all nestled in the beautiful heart of Florida. Indian Lake Estates is about 20 miles east of Lake Wales, encircling the renowned 7,500-acre Lake Walk In Water, famous for its exceptional fishing and hailed as one of Florida's top bass fishing spots. The lake features a beach, a boat ramp, a marina, and boasts the longest freshwater fishing pier in the state. At the pier's front, you'll discover a pavilion equipped with propane grills and covered picnic tables, perfect for gatherings. The community amenities are extensive, including an 18-hole golf course, basketball and tennis courts, a spacious 23,000 sq. ft. clubhouse, a cafe, post office, churches, a library, fitness room, and pro shop. If you cherish nature and the tranquility of country living, you’re in for a treat. The area is teeming with wildlife; keep an eye out for deer, raccoons, turkeys, turtles, cranes, and a variety of birds that call this community home. Orlando and Disney are just an hour’s drive north, while Tampa, Busch Gardens, and the pristine beaches of the Gulf are a bit over an hour to the west. You’ll also find the historic Bok Tower, a National Landmark, in nearby Lake Wales. And just six miles away, the Westgate River Ranch Resort and Rodeo offers a taste of authentic Florida with a full-service resort experience, spanning 1,700 acres. Here, you can enjoy horseback riding, wildlife airboat and swamp buggy rides, a championship rodeo on Saturday nights, a trap/skeet range, nature hikes, a petting farm, a marina, and an Adventure Park with zip lines and rock climbing walls. Dining options include the Westgate Smokehouse Grill and River Ranch Saloon, along with a fantastic selection of cowboy-themed accommodations, from lodge rooms and deluxe suites to spacious cottages and deluxe teepees. Come experience the charm of Indian Lake Estates—Polk County’s best-kept secret!
Facts & features
The home at a glance
3.13 ac
Lot size
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.
$490 /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
$490/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.
Where it sits
Inside Indian Lake Estates
Get to know Indian Lake Estates. See the full Indian Lake Estates guide →
INDIAN LAKE ESTATES 33855 — neighborhood snapshot
Population
33
Median age
68.1
Avg household
1.94
For the school run
Polk County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Indian Lake Estates market
$327K → $330K
Indian Lake Estates median sold, yr/yr
97.1%
Sale-to-list ratio (12 mo)
Median sold price, Indian Lake Estates, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 128% above the INDIAN LAKE ESTATES 33855 median. See the full Indian Lake Estates market guide →
Paper trail
This home's history
Reality check
What actually sold near ALTHEA DRIVE
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Oct ’25$285,000
26 BLACK BEAR LANE · same community
3 bd · 2 ba · 1,175 sqft · $243/sqft · 0 DOM
Sold · Dec ’25$368,900
29108 CROSSLAND DRIVE · same community
3 bd · 2 ba · 1,465 sqft · $252/sqft · 112 DOM
Sold · Mar ’26$365,000
2751 LAVANDULA COURT · same community
3 bd · 2 ba · 1,475 sqft · $247/sqft · 162 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
Nicholas Giaccone
Director of Agent Success · CENTURY 21 Edge
Tours, negotiation, and every question about ALTHEA DRIVE — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for ALTHEA DRIVE — before you fall in love.
See it in person
Schedule a tour
Live availability from Nicholas's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
ALTHEA DRIVE FAQs
What would the monthly payment be for ALTHEA DRIVE?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $490/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 ALTHEA DRIVE?+
The most recent tax bill on record (2025) was $166. 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 ALTHEA DRIVE?+
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 Indian Lake Estates?+
At $50,000, this home is listed about 86% below the Indian Lake Estates median of $364,488. The market section on this page shows how the area is trending.
Which schools are assigned to ALTHEA DRIVE?+
Frostproof Ben Hill Griffin Junior Elementary School (elementary) — 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
$50,000 runs 128% above the INDIAN LAKE ESTATES 33855 median.
02Time on market is leverage
100 days on market against a Indian Lake Estates median of 33 — sellers in this position are usually ready to negotiate.
03The price has already moved
Listed at $60,000, now $50,000 — a $10K cut. The full history is in the market section below.
Keep looking
Similar homes nearby
Listing courtesy of KB REALTY TEAM LLC · Karen Boyette. MLS #P4938538.
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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