Lake Parker Terrace
Homes for Sale in Lakeland, FL
All 1,284 homes for sale in Lakeland, FL · median $326,450 · 151 homes for sale in 33801 · Polk County homes for sale
True comps, carrying-cost math, and listings before the portals.
As of November 2026, the MLS records 4 closed sales in Lake Parker Terrace in Lakeland, FL since 2009, the most recent in April 2024. Across Lakeland as a whole, 2,881 homes closed in the last 12 months at a median of $315,000, 54 median days on market, with 1,143 homes for sale today. At that median and Polk County's FY2025-26 rate of 16.19 mills, annual property tax runs about $5,100 ($4,420 with the full homestead exemption).
Price here is driven by condition and the home itself, not by amenities or a defined price tier. With a housing stock that spans more than a century of construction and a median build year of 1960, two homes on the same block can be worlds apart depending on whether they've been updated or left original. Expect a wide spread, and plan to underwrite each property on its own merits.
There are currently no active listings in Lake Parker Terrace, which tells you more about inventory than demand. For a buyer, that means patience and readiness to move when something does list. For a seller, it means you'd be entering a market with little direct competition, which is a real advantage if your home shows well.
Figures in this note are as of October 26, 2026. The live market numbers elsewhere on this page update nightly and are newer.
Nearby homes for sale
No active listings inside LAKE PARKER TERRACE right now. These are the 6 closest homes on the market, by straight-line distance from the community's center; some may sit just outside its boundary.
Listing data from the MLS feeds named on each listing page; deemed reliable but not guaranteed. Refreshed nightly.
The 60-Second Overview
Lake Parker Terrace is a small, established pocket of about 81 homes in Lakeland, where the median home runs around 1,377 square feet and the housing stock leans older. With just over a quarter of homes homesteaded, this is a neighborhood where a meaningful share of properties are held as rentals or second homes.
Stellar MLS sales records identify 27 homes in LAKE PARKER TERRACE that have changed hands since 2005, built between 1900 and 2025 (median 1960), with a median living area of about 1,129 sq ft and a typical 3-bedroom, 2-bath layout; 100% are single-family homes. Source: Stellar MLS closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.
Pre-construction details are compiled from public records, builder announcements and builder listings, and are subject to change without notice; figures are deemed reliable but not guaranteed. Momentum Research figures are our own analysis. This page describes homes, pricing and community attributes, not residents.
Who Lake Parker Terrace is best for.
Best for
- Buying a modest-footprint home you intend to update over time
- Investing in an area where rentals and non-owner-occupied homes are common
- Buyers willing to wait for the right listing in a low-inventory pocket
Probably not for
- Needing to buy immediately from current active inventory
- Wanting new construction or move-in-ready condition as the norm
- Looking for community amenities, as none are identified here
The market around Lake Parker Terrace
Lake Parker Terrace is a small community — 18 recorded sales on file, most recently in 2026 — too few for its own price trend. Here is the market around it.
In ZIP 33801, 154 homes are on the market and 19% are under contract — a steady corner of Lakeland.
Across Polk County, 5,189 homes are active and 1,757 pending (25% under contract).
Homes here are single family residence.
In ZIP 33801 (Lakeland), 191 homes closed in the last 12 months at a median of $315K ($161/sq ft), down 0.8% year over year, with a median 49 days on market. Right now 1 active and 1 pending listings. See the live ZIP 33801 housing market and the Polk County market.
ZIP and county figures describe the wider market, not Lake Parker Terrace specifically. Momentum Research analysis of MLS records.
Schools
- Polk County Public Schools
- Verify the zoned schools by address
- Magnet and choice options may be available
- Polk County Public Schools (verify by address) · Public
- Confirm zoned elementary, middle, and high · By address
- Magnet and choice options may apply · Choice
Zoned schools reflect the assignments reported on recent Lake Parker Terrace listings and can change; always confirm with Polk County Public Schools for a specific address.
Buying with schools in mind? We can confirm the exact zoned schools for any Lake Parker Terrace address.
Recent Developments in Lake Parker Terrace
Development, infrastructure, retail, and school activity affecting Lake Parker Terrace, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated October 2026.
- September 2026Infrastructure
Lakeland Approves Three-Year Uber Agreement at Lakeland Linder International Airport
On Sept. 8 the Lakeland City Commission voted 7-0 for a three-year, non-exclusive agreement with Rasier LLC (Uber) at Lakeland Linder International Airport, with a $1.75 fee per passenger pickup or drop-off. The same meeting approved a $400,000 citywide stormwater master plan funded with $300,000 in federal hazard mitigation money and $100,000 from the city.
What it may mean for the marketRide-hail access at Linder adds a ground transportation option for air travelers, and the stormwater plan will identify drainage needs. The site is about 8 miles southwest of Lake Parker Terrace.
Source: DailyRidge - September 2026Infrastructure
Polk Commissioners Award Two Intersection Construction Contracts Including Kathleen Road at Deeson Road
The Polk County Board of County Commissioners unanimously approved contracts with Ajax Paving Industries of Florida for intersection improvements at Kathleen Road and Deeson Road ($2,150,875) and Country Club Road and Buckeye Loop Road ($2,774,976). The Kathleen and Deeson work is set for 155 days and the Country Club and Buckeye Loop work for 330 days.
What it may mean for the marketIntersection upgrades on these corridors may ease travel times for north Lakeland and Kathleen-area commuters once construction finishes. The project is about 6 miles northwest of Lake Parker Terrace, elsewhere in Polk County.
Source: DailyRidge - August 2026Civic
Lakeland Commission Approves 12-Month Moratorium on Data Center Permit Review
The Lakeland City Commission voted 4-3 to pause review of data center permit applications for 12 months so staff can study impacts and regulations. Lakeland Electric will draft requirements for large-load customers. The 600,000-square-foot Project Swan proposal on about 60.5 acres in West Lakeland was withdrawn in June, and no applications are pending.
What it may mean for the marketThe pause removes near-term large data center construction from the city's pipeline and defers large electric loads while rules are written. The site is about 4 miles southwest of Lake Parker Terrace.
Source: Lakeland Sun (Mid-Florida Newspapers) - July 2026Development
Lakeland Commissioners Approve Zoning Changes for Hallam Drive and Laura Road Projects
Lakeland commissioners unanimously approved zoning changes on July 20, 2026 for two projects. One rezones 17 acres at 1212 Hallam Drive for 24 single family homes on 1.5 acre lots, and the other rezones 3.87 acres at 559 Laura Road for a proposed self storage facility.
What it may mean for the marketRezonings clear the way for new low density housing and commercial storage in Lakeland, adding to residential lot supply and local commercial infrastructure. The project is about 5 miles south of Lake Parker Terrace, elsewhere in Polk County.
Source: LkldNow - June 2026Civic
Orlando Health Watson Clinic Lakeland Highlands Hospital to Open July 8
Orlando Health will open its seven-story Watson Clinic Lakeland Highlands Hospital at 4000 Lakeland Highlands Road on July 8, 2026. The facility has more than 300 inpatient beds, 11 operating rooms, and a Center for Women and Babies, and is reported to add more than 1,500 jobs.
What it may mean for the marketA new full service hospital adds major health infrastructure and a large employment anchor to south Lakeland, supporting commercial activity and property demand around the site. The project is about 7 miles south of Lake Parker Terrace, elsewhere in Polk County.
Source: LkldNow - May 2026Retail & Dining
La Pinata Mexican Restaurant Coming to Lakeland's Dixieland
La Pinata, a Mexican restaurant from four Michelin trained partners, is opening at 850 S. Tennessee Avenue in Lakeland's Dixieland neighborhood, the former Patio 850 space. Weekend pop up service is already running, with full indoor dining planned for later in summer 2026.
What it may mean for the marketA new sit down restaurant adds dining options and reinvests in a vacant storefront in Lakeland's Dixieland commercial district. The project is about 3 miles southwest of Lake Parker Terrace, elsewhere in Polk County.
Source: Lakeland Gazette
Summaries reflect public reporting and official sources linked above as of the dates shown. Project details, timelines, and approvals can change. Commentary on potential market effects is general observation, not investment advice or a prediction for any specific property. For the freshest items across the whole region, see This Week in Northeast Florida.
The Lake Parker Terrace buying strategy.
If we were buying in Lake Parker Terrace today, this is the order of operations we would run for our clients.
Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.
Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.
Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.
Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.
Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in Lake Parker Terrace.
An older, owner-light enclave
The construction range runs from 1900 to 2023, but the median year built of 1960 tells the real story: most of what you'll find here predates modern layouts and systems. At a median of roughly 1,377 square feet, these are modest-footprint homes, and the newer builds scattered in are the exception rather than the rule. Buyers should budget for inspections and, in many cases, updates.
A homestead share of about 26% means most homes here are not owner-occupied primary residences. That shapes the character of the block and suggests investor and rental activity. It also means a seller who has maintained and updated an owner-occupied home may stand out in a stock that skews older and less owner-tended.
The location and the amenities are priced into every listing in Lake Parker Terrace. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
A neighborhood with no active listings and a condition-driven price spread rewards local knowledge over any formula. We track what actually trades in Lake Parker Terrace, help you read a 1960s home's bones before you commit, and position a listing to stand out when inventory is thin. When a property isn't worth the renovation math, we'll tell you.
Lake Parker Terrace in 15 seconds.
Tools for a Lake Parker Terrace buy.
Free calculators to pressure-test the real cost before you tour.
Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Lake Parker Terrace sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Lake Parker Terrace, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Lake Parker Terrace home worth?
Get a no-obligation home value based on real comparable sales in Lake Parker Terrace, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
See all homes for sale in Lakeland →
| Location | Lakeland, Polk County, FL · ZIP 33801 |
|---|---|
| Homes in the community | 81 (FL DOR 2025 assessment roll) |
| Years built | 1900–2023 (median 1960) |
| Typical living area | 1,377 sq ft (median) |
| For sale right now | 0 active, 0 pending |
| Owner-occupied (homestead) share | 26% |
| Zoned public schools | Polk County Public Schools (verify by address); Confirm zoned elementary, middle, and high; Magnet and choice options may apply |
Data as of August 2, 2026. Based on Stellar MLS data distributed by MLS GRID for the period 2009 through 2024; housing-stock figures from Florida Department of Revenue public records. Market figures describe homes, not residents. Cite as: Momentum Realty, “Lake Parker Terrace key facts,” movewithmomentum.com/neighborhoods/lake-parker-terrace-lakeland, data as of August 2, 2026.
Housing distress & ownership in LAKE PARKER TERRACE, Lakeland
Who owns here, how much is not owner-occupied, and how much for-sale inventory is under distress.
Source: Momentum Realty Research. Ownership & parcels from the FL DOR 2025 tax roll; distress from MLS active-listing status/remarks; price from MLS closed sales. Based on Stellar MLS data distributed by MLS GRID for the period October 2026 through October 2026. Deemed reliable but not guaranteed.
More Lakeland home searches
- All homes for sale in Lakeland, FL
- Homes for sale in Polk County, FL
- Lakeland pool homes for sale
- Gated communities in Lakeland
- 4-bedroom homes for sale in Lakeland
- Lakeland home values: what is my house worth?
Lakeland guides & data
Florida buyer guides
- Florida home insurance rates by county
- Florida property tax by county
- Florida property tax calculator
- What flood zone X means
- The 4-point inspection, explained
- Florida flood insurance calculator
- Florida housing market map
- Interactive housing market map (county, ZIP and community)
- Save Our Homes tax estimator
- How to stop a foreclosure in Florida
Real estate agent in Lakeland? Join Momentum in Lakeland: 100% commission, one $12K cap.
Email me new listings in Lake Parker Terrace
One e-mail a day, only when a home lists here, with price, beds, baths and a link to every listing. Straight from the MLS feed; no account needed.
Ask an agent about Lake Parker Terrace
Have a question about the homes, fees, rules or commute here? A Momentum agent who works Lake Parker Terrace will answer, and the answer is published on this page for the next buyer.
Frequently Asked Questions
How many homes are in Lake Parker Terrace?
What share of Lake Parker Terrace is owner-occupied?
When were the homes in Lake Parker Terrace built?
What schools serve Lake Parker Terrace?
Who is the best real estate agent for Lake Parker Terrace?
How do I find a top Lakeland real estate agent who knows Lake Parker Terrace?
Can Momentum Realty connect me with an agent for Lake Parker Terrace?
Where is Lake Parker Terrace, and what county is it in?
Should you buy in Lake Parker Terrace?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Live listings | Stellar MLS, refreshed twice daily (last: June 30, 2026) |
| Housing stock & ownership | Florida DOR assessment roll (community parcel extract) |
| Under-contract shares | Stellar MLS records, as of 2026-08-01 |
| Schools | 2025-26 district assignments + FLDOE school grades; verify with the district |
| Historical depth | Closed-sale records back to 2009 (4 transactions analyzed) |
Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.
Momentum Research figures are our own analysis of Stellar MLS records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.
Own a home here?
You just read the data. Now see what your home is worth.
The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. A Momentum agent can price yours against live local comps.
Looking to buy here? Search homes for sale →
What’s your home worth in your area?
A real valuation with real comps from a local listing agent, not an instant algorithm. Response within one business day.
See how LAKE PARKER TERRACE fits the bigger picture — live prices, inventory, and Momentum Scores: