386 CAPPS ROAD, LAKE WALES, FL, 33898
Active31 days on marketListed Sep 11, 2026MLS #P4939854
About this home
386 CAPPS ROAD
Don’t miss this exceptional opportunity to bring your dream home to life on this beautiful 5.05-acre parcel. With no HOA fees and a convenient location, you’ll enjoy a short commute to shopping, restaurants, and schools while still benefiting from privacy and open space. This expansive property offers ample room to design and build a custom home tailored to your lifestyle. With over five acres, you’ll have the flexibility to create your own private sanctuary while enjoying the peace and freedom of country living. Parcel Improvements Include: 150-foot-deep well 12x16 shed Gated entrance Fully fenced lot Buyers are encouraged to conduct their own due diligence with the city and/or county to verify building requirements and restrictions.
Facts & features
The home at a glance
5.05 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.
$2,169 /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
$2,169/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 Lake Wales
Drive times from this address
Estimated driving times, typical traffic. Data © OpenStreetMap contributors.
Get to know Lake Wales. See the full Lake Wales guide →
LAKE WALES 33898 — neighborhood snapshot
Population
18,426
Median age
46.9
Median income
$54,778
Median home value
$161,500
Avg household
2.51
Households w/ children
1,790
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)
Median sold price, Lake Wales, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 113% 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 386 CAPPS ROAD
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$120,000
156 PINEY AVENUE
2 bd · 1 ba · 680 sqft · $176/sqft · 118 DOM
Sold · Mar ’26$150,000
301 MARTHA DRIVE
1 bd · 1 ba · 696 sqft · $216/sqft · 6 DOM
Sold · Jan ’26$151,000
3029 AZALEA AVENUE
3 bd · 1 ba · 840 sqft · $180/sqft · 71 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
Bridget McLennon
Real Estate Agent · CENTURY 21 Edge
Tours, negotiation, and every question about 386 CAPPS ROAD — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 386 CAPPS ROAD — before you fall in love.
See it in person
Schedule a tour
Live availability from Bridget's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
386 CAPPS ROAD FAQs
What would the monthly payment be for 386 CAPPS ROAD?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $2,169/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 386 CAPPS ROAD?+
The most recent tax bill on record (2025) was $1,435. 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 386 CAPPS ROAD?+
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 $298,500, this home is listed about 22% 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 386 CAPPS ROAD?+
Spook Hill Elementary School (elementary) — Polk County School District. Always verify school assignments with the district before relying on them.
Keep looking
Similar homes nearby
Listing courtesy of CENTURY 21 MYERS REALTY LAKE WALES · Eileen Belanger. MLS #P4939854.
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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