1503 S HIGHLAND PARK DRIVE, LAKE WALES, FL, 33898
Active472 days on marketListed Jun 27, 2025MLS #S5128193
About this home
1503 S HIGHLAND PARK DRIVE
Historic 18-Hole Golf Course on 150 Acres – Central Florida An extraordinary opportunity to own a piece of Florida’s rich golfing heritage. Spanning 150 acres of gently rolling terrain, this property features a historic 18-hole golf course originally designed in 1927 by the esteemed architectural firm Stiles & Van Kleek. Thoughtfully integrated into the natural contours of the Central Florida Ridge, the course offered a distinctive and challenging experience for players of all skill levels until its last operation in 2019. Located in a peaceful and welcoming neighborhood in Polk County, the property sits beside the landmark Josefine Castle—a magnificent 32-room estate built in 1923 as a romantic gesture, adding timeless charm and architectural elegance to the site. Surrounded by pristine lakes and lush scenery, this expansive parcel offers exceptional potential—whether restored to its former glory as a premier golf destination or reimagined as a luxury residential or resort development. Property Highlights: 150 acres of scenic, gently rolling, and developable land, Historic 18-hole golf course layout, Designed by legendary architects Stiles & Van Kleek (1927), Adjacent to the iconic 32-room Josefine Castle, Peaceful, established neighborhood in Polk County, Minutes from Bok Tower Gardens, a National Historic Landmark, Only 20 minutes from Legoland Florida, Easy access and available for private showings. This is a once-in-a-generation chance to acquire a truly unique property steeped in history and natural beauty. Schedule your private tour today
Facts & features
The home at a glance
77.75 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.
$32,552 /mo · 10% down Conventional, 30-yr fixed at 6%
The assumptions
Above the FHA loan limit for our service areas, so Conventional is the default. VA buyers: switch below — $0 down.
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
FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.
Estimated payment
$32,552/mo
Includes estimated PMI — it drops off once you reach 20% equity. 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 3831% 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 1503 S HIGHLAND PARK DRIVE
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Jan ’26$169,000
1115 S VIRGINIA AVENUE · same community
3 bd · 1 ba · 968 sqft · $175/sqft · 124 DOM
Sold · Dec ’25$270,000
1165 FAIRVIEW AVENUE · same community
3 bd · 2 ba · 1,227 sqft · $220/sqft · 47 DOM
Sold · May ’26$119,000
1830 E GEORGIA STREET · same community
3 bd · 1 ba · 1,292 sqft · $92/sqft · 74 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
Anealya Hammad
REALTOR® · CENTURY 21 Edge
Tours, negotiation, and every question about 1503 S HIGHLAND PARK DRIVE — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 1503 S HIGHLAND PARK DRIVE — before you fall in love.
See it in person
Schedule a tour
Live availability from Anealya's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
1503 S HIGHLAND PARK DRIVE FAQs
What would the monthly payment be for 1503 S HIGHLAND PARK DRIVE?+
With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $32,552/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 1503 S HIGHLAND PARK DRIVE?+
The most recent tax bill on record (2024) was $7,819. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
How does the price compare to other homes in Lake Wales?+
At $5,500,000, this home is listed about 2145% 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 1503 S HIGHLAND PARK DRIVE?+
Spook Hill Elementary School (elementary) — 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
$5,500,000 runs 3831% 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
472 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 $6,000,000, now $5,500,000 — a $500K cut. The full history is in the market section below.
Keep looking
Similar homes nearby
Listing courtesy of K REALTY · Karine Nascimento. MLS #S5128193.
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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