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Oakwood Golf Club in Lake Wales

Oakwood
Golf Club Homes for Sale in Lake Wales, FL

Mid-1990s golf-course community · Polk County · ZIP 33898

A mid-1990s golf-course community on Old Wailes Road in Lake Wales, the honest read for buyers weighing a low HOA against a closed course and a redevelopment question.

Lake Wales addressLow HOA, no golf duesCourse closed, plan pending
Live Market Pulse
50/100
Momentum
Buyer-Leaning Market (limited data)
The golf course at the center of this community has been closed in recent years, and a large redevelopment of the fairways has been proposed and, as of late 2025, rejected by the city. So the honest read here is the home, the lot, the low HOA, and what eventually happens to the surrounding land, not a working golf amenity. Confirm the current HOA, the course status, and any pending plans with the listing.
Free · No obligation
Unlock Off-Market Oakwood Golf Club

Listings before the portals, true comps, and the renovation and carrying-cost math, before you tour.

Built fromLive Stellar MLS data14 years of closingsLocal renovation analysisUpdated twice daily
LiveMarket PulseStellar MLS
n/a
Median Price
0mo
Supply
n/a
Avg DOM
Soft
Seller Leverage
n/a
Median $/Sqft
n/a
1-Yr Price Change
0now
Distress
Jon Brooks, founder of Momentum Realty
Jon's Current Read

"Oakwood Golf Club is a single-residential community in Lake Wales built out from the mid-1990s around a Karl Litten golf course that opened in 1993 and has since closed, per Lake Wales News reporting. That closed course is the whole story. Buyers are not paying for a working golf amenity, they are buying a quiet established subdivision with a low HOA and homes that, depending on the lot, may back to open former fairway land. The live question is what happens to that land: the owner pushed a large redevelopment and annexation plan to fold Oakwood and the neighboring Lake Wales Country Club into one course with hundreds of new homes, and the city commission rejected the annexation in late 2025, leaving the future unsettled. Your leverage is reading the lot, the home condition, the real HOA cost, and your own tolerance for an uncertain golf-course outcome before you pay for a view of grass that may not stay grass. Confirm the HOA, deed restrictions, and course status per the listing."

Jon Brooks, founder, Momentum Realty · Updated June 2026

The 60-Second Overview

Oakwood Golf Club is a single-family golf-course community in Lake Wales, in Polk County, on Old Wailes Road southeast of State Road 60 (Lake Wales News, 2023; community listing profiles, 2026). The neighborhood was built out from the mid-1990s onward around an 18-hole course designed by Karl Litten that opened in 1993, so the homes are largely established rather than new construction. Confirm the exact build year and ZIP for any specific home, since listing sources cite both 33853 and 33898 for this area.

The defining fact today is that the golf course has been closed in recent years, according to Lake Wales News reporting. So while the community carries the name and layout of a golf neighborhood, buyers should not assume a working course or club. The amenity that originally anchored the community is not currently operating, and the future of the land is the open question.

The owner of the Oakwood course and the neighboring Lake Wales Country Club proposed a large redevelopment that would merge the two courses into one and add hundreds of homes, a hotel, and commercial space across the combined site (Lake Wales News, 2023; GrowthSpotter, 2025). The Lake Wales City Commission rejected the annexation request needed for that plan in late 2025, but the owner has signaled continued interest in developing the Oakwood land, so the outcome remains unsettled.

The practical pitch is a quiet, established Lake Wales address with a notably low HOA and convenient access to State Road 60, downtown Lake Wales, Bok Tower Gardens, and the broader Central Florida ride. The work is the diligence: confirm the current HOA and deed restrictions, the status of the course and any club facilities, and your own comfort with an uncertain redevelopment picture before you buy a lot that may back to changing land.

Quick Match

Who Oakwood Golf Club is best for.

Best for

  • Buyers who want an established Lake Wales home with a low HOA
  • Buyers comfortable that the on-site golf course is not currently operating
  • Value buyers who want Polk County pricing with room to update a home
  • Buyers who will read the lot, the deed restrictions, and the redevelopment picture

Probably not for

  • Buyers who want a working golf course and an active club on day one
  • Anyone unwilling to verify the course status and any pending redevelopment
  • Buyers who need a brand-new home with current builder finishes
  • Buyers who want certainty about what the surrounding land will become
Market Pulse

How Oakwood Golf Club is performing right now

50/100
momentum
Buyer-Leaning Market (limited data)
Seller's marketBalancedBuyer's market
0Months of supplytight
57Median days on marketdays
0 : 0Under contract vs for salestrong demand
0Sold in last 12 monthsliquidity
+0%Asking vs recent sold $/sqftroom to negotiate

Tight supply and strong demand favor sellers here. Homes still take about two months to sell, though, and with asking prices running above recent sales per square foot, a prepared buyer has room on anything overpriced. Reading each home against the real comps, not the headline trend, is where the edge is.

Live from Stellar MLS, as of June 25, 2026. Refreshed twice daily. Months of supply, days on market, and the contract-to-listing ratio are computed from current Oakwood Golf Club listings and the trailing twelve months of closed sales.

8.6A- score
Momentum intelligence
Momentum buy score

Our proprietary read on how a home in Oakwood Golf Club buys, holds, and resells. See the five factors.

Interactive Map

Oakwood Golf Club on the map.

Every active, pending, and recently sold home, plotted. Toggle the layers, color the dots by status or lot type, and tap a home for the details.

Listing locations from Stellar MLS; lot type inferred from listing descriptions. Destination pins are approximate. Map data © OpenStreetMap, tiles © CARTO. Flood, school, and commute overlays are on the roadmap.

Nearby & Commute

How far is everything?

The takeaway

Oakwood Golf Club trades active amenities for a quiet established Lake Wales address, with State Road 60 and downtown close and the Central Florida attractions an easy ride.

Drive times from the community. They are approximate and vary with traffic and your exact routine.

Downtown Lake Wales~10 min · shops and dining
State Road 60~5 min · main corridor
Bok Tower Gardens~15 min · landmark gardens
Legoland Florida~25 to 35 min · in Winter Haven
Winter Haven~30 min · shops and lakes
Lakeland and I-4~45 min · to the northwest
Orlando and the parks~60 to 75 min · via US 27 and I-4

Distances and times are approximate and vary with traffic and the specific home. Confirm your real commute at your real departure time.

Nearby Communities

Explore more neighborhoods near OakwoodGolf Club Homes for Sale in Lake Wales, FL with Momentum Realty’s local guides.

LWLake WalesEstates Homes for SaleLake Wales, FL · 0.8 miTCTiger CreekForest Homes for Sale in Babson Park, FLBabson Park, FL · 1.5 miTCTiger CreekForest Homes for Sale in Lake Wales, FLLake Wales, FL · 1.6 miSASeasons atMabel Place Homes for Sale in Lake Wales, FLLake Wales, FL · 2.1 miHPHighland Park Homes for Sale in Lake Wales, FLLake Wales, FL · 2.4 miCRCaloosa Ridge Homes for Sale in Babson Park, FLBabson Park, FL · 2.8 miLHLeightonLanding Homes for Sale in Lake Wales, FLLake Wales, FL · 2.9 miPHPeachCrossings Homes for Sale in Babson Park, FLBabson Park, FL · 2.9 miLPLindus Park Homes for Sale in Babson Park, FLBabson Park, FL · 3.0 mi

Browse all Florida neighborhood guides →

Carrying cost · the no-CDD edge

No CDD bond means thousands less per year than newer master plans.

Typical CDD community~$2,500/yr
Oakwood Golf Club (no CDD)$0/yr

Roughly $25,000 saved over 10 years in carrying cost, before resale.

Illustrative. NE Florida CDD assessments commonly run $1,500-$3,500+/yr and vary by community; verify per property.

Schools

15-Second Take
  • Polk County Public Schools
  • Verify the zoned schools by address
  • Magnet and choice options may be available
  • Confirm current ratings before relying on them
  • Private and parochial options nearby

Oakwood Golf Club is served by Polk County Public Schools. Assignment is by address and can change, so confirm the exact zoned elementary, middle, and high schools for any specific home, plus any magnet or choice options. Treat published ratings as a starting point, not the full story.

Public

Polk County Public Schools (verify by address)

Verifyrating
By address

Confirm zoned elementary, middle, and high

Verifyrating
Choice

Magnet and choice options may apply

Verifyrating

Buying with schools in mind? We can confirm the exact zoned schools for any Oakwood Golf Club address.

The takeaway

What is actually shaping value at Oakwood Golf Club: the closed golf course, a large proposed redevelopment of the fairways, and the city decision on annexation that determines what the land can become. Each item is sourced and linked.

Recent Developments in Oakwood Golf Club

Development Intelligence

Our read on what is being built around Oakwood Golf Club, scored for direction, significance, and how close the effect lands. The full sourced timeline follows below.

Net OutlookBullishA low HOA and a value entry price support the established homes, with the central watch item being the unsettled future of the closed course land after the city rejected the redevelopment annexation in late 2025.

Oakwood golf course closed

Recent
BearishMajor impact
SignificanceRadius: Community

The on-site Karl Litten course has been closed in recent years, so buyers are not paying for a working golf amenity and should price accordingly.

Large redevelopment of the fairways proposed

2023
NeutralMajor impact
SignificanceRadius: Community

A plan to merge Oakwood with the neighboring Lake Wales Country Club and add hundreds of homes makes the land use the central value question here.

City rejects redevelopment annexation

2025
NeutralMajor impact
SignificanceRadius: Community

The Lake Wales City Commission rejected the annexation needed for the plan, leaving the future of the course land unsettled rather than resolved.

Low HOA and value pricing

Ongoing
BullishNotable impact
SignificanceRadius: Community

A low monthly HOA and Polk County value pricing keep carrying costs down for the established single-family homes.

Established mid-1990s housing stock

Ongoing
NeutralMinor impact
SignificanceRadius: Community

Homes built out from the mid-1990s mean mature lots but older systems, so condition and updates vary by home.

Central Florida and State Road 60 access

Ongoing
BullishNotable impact
SignificanceRadius: Area

Access to State Road 60, downtown Lake Wales, and the broader Central Florida ride supports demand for value-priced Polk homes.

Direction, significance, and effect-radius ratings are Momentum's proprietary, qualitative read of the sourced items below, not investment advice or a prediction for any specific home.

Development, infrastructure, retail, and school activity affecting Oakwood Golf Club, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated June 2026.

Showing the latest, scroll for all updates ↓

  1. November 2023
    Development

    Large redevelopment proposed for Oakwood and Lake Wales Country Club

    A proposal surfaced to merge the closed Oakwood course and the neighboring Lake Wales Country Club into a single 18-hole layout, adding a hotel and roughly 1,424 dwelling units across about 522 acres, requiring annexation into the city. Why it matters: The redevelopment of the fairways is the central value question for Oakwood, so buyers should track the land use plan, not just the homes. Source

  2. December 2025
    Regulation

    Lake Wales rejects annexation for the golf-course redevelopment

    The Lake Wales City Commission denied the annexation request needed for the golf-course redevelopment, halting the plan as proposed, though the owner signaled continued interest in developing the Oakwood land. Why it matters: The rejection leaves the future of the closed course land unsettled, which is the key uncertainty for value here. Source

Development alerts for Oakwood Golf ClubGet a short monthly email when something new is approved, funded, or opens near Oakwood Golf Club.

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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 Strategy

The Oakwood Golf Club buying strategy.

If we were buying in Oakwood Golf Club, this is the order of operations we would run, and the one we run for our clients.

1

Confirm the status of the golf course and club. The course has been closed in recent years, so do not assume a working amenity. Verify the current status and any reopening or redevelopment plans with the listing and the HOA.

2

Read the HOA documents and deed restrictions. Listing sources cite a low monthly HOA, but confirm the current fee, what it covers, and any deed restrictions for the exact home, since coverage and rules vary by phase.

3

Understand the redevelopment question. A large plan to redevelop the fairways was rejected by the city in late 2025, but the owner has signaled continued interest, so read the latest before you price a lot that backs to former course land.

4

Read the lot and the home condition. In an established mid-1990s community the lot position and the condition of the home set value, so look at orientation, what the lot backs to, and how updated the interior is.

5

Cross-shop other Polk golf and lake communities, such as Lake Ashton, if a working golf course and active amenities outrank a low HOA and a value entry price.

The Quick Decision
Best Buy
An updated home on a strong lot bought for the home, not the closed course
Biggest Risk
Uncertainty over the redevelopment of the former fairways
Best Lot
A lot whose value does not depend on the course reopening
Smart Timing
Confirm the HOA, deed restrictions, and course status before you offer
Deep-Dive Intelligence

The full read, only if you want it.

The takeaway

On mobile, tap any heading below to open it. This is the home by home, lot by lot, club and renovation detail, organized so you can jump straight to what matters to you.

Community Details at a Glance

Oakwood Golf Club is an established single-residential community in Lake Wales rather than an active golf resort, since the on-site Karl Litten course has been closed in recent years. The lifestyle is quiet established-neighborhood living with a low HOA, with some homes positioned along the former fairways and open land. A large redevelopment of the course land was proposed and, as of late 2025, rejected by the city, leaving the future of the open space unsettled. Amenities, any club facilities, deed restrictions, and the course status vary and may change, so confirm the current rules and what each home includes with the HOA before you buy.

Oakwood Golf Club Homes For Sale

What your money buys in Oakwood Golf Club.

The takeaway

Three honest price bands. Condition and lot, not the square footage alone, decide where a home lands.

Here are the broad resale bands in Oakwood Golf Club today. The right home is the one matched to your budget and the renovation math, so seeing fitting listings early is the edge.

The Entry Home

A smaller or more dated single-family home, the affordable way into the community, where condition and lot drive value.

Lowest entry
The Core Home

A mid-size updated single-family home on a solid lot, the heart of the neighborhood resale market.

Most inventory
The Top

A larger, well-updated home on a premium lot, the residences that hold value best independent of the course outcome.

Strongest resale

Approximate 2026 resale bands from third-party listing data and public records, not NEFAR statistics. Confirm pricing for a specific home.

See Off-Market & Private Listings
What Your Money Buys

What ~$900K buys here.

Three realistic price bands. Where a home lands comes down to condition and lot, not square footage alone.

The Entry Home
A smaller or more dated single-family home, the affordable way into the community, where condition and lot drive value.
The Core Home
A mid-size updated single-family home on a solid lot, the heart of the neighborhood resale market.
The Top
A larger, well-updated home on a premium lot, the residences that hold value best independent of the course outcome.

Approximate 2026 resale bands from third-party listing data and public records, not NEFAR statistics. Confirm pricing for a specific home.

Operator Intelligence

Renovation & Resale Intelligence

The factors that actually move value in Oakwood Golf Club, condition, lot, and the renovation math, read from current listings and recent sales.

15-Second Take
  • Renovation math decides the deal
  • Better lots and views resell strongest
  • Roof and HVAC age drive the insurance quote
  • Interior lots are where buyers overpay
Proprietary Data

The renovation premium.

Renovated-listing inventory in Oakwood Golf Club is too thin right now to compute a reliable renovation premium. We read condition home by home against real comps before you offer.

Lot Value

The lot premium.

On a preferred homesite (water, preserve, corner, or a larger lot), the homesite is the part of your money the market gives back at resale. The house can be renovated; the lot cannot, so premium lots hold their value better than interior ones. How much more they command varies by frontage, view, and condition, which is why we read it home by home against real comparable sales rather than a single headline figure.

Jon Brooks, Momentum Realty
Operator Note

Most buyers overpay on interior lots in the back half of the community. A sharp renovation can distract you, but the weaker resale position follows the lot, not the finishes. We read the homesite before the kitchen.

Resale Strength Scorecard

How well Oakwood Golf Club holds value.

Our read on the factors that protect resale here, and the one to manage.

Home ageBuilt out from the mid-1990s, older systems
Course and land uncertaintyCourse closed, redevelopment unsettled
HOA and carrying costLow HOA, modest carrying costs
Location and accessState Road 60 and Lake Wales nearby
Home interior updatesVaries by home, read condition per listing

Momentum analysis based on the community's structure, location, lot scarcity, and housing stock. Not a guarantee of future value.

Jon Brooks, Momentum Realty
Operator Note

The strongest value pocket is usually a renovated home on a good lot priced just under the next tier up. Buyers chasing the single biggest house often pay top prices for what is really a renovation project.

5 Mistakes Buyers Make in Oakwood Golf Club

15-Second Take
  • Calling the listing agent (who works for the seller)
  • Misjudging the renovation budget
  • Overpaying for an interior lot
  • Underbudgeting the carrying costs
  • Skipping the roof, HVAC, and systems check

The same five mistakes cost buyers the most in any market. Every one is avoidable with the right preparation before you tour.

Oakwood Golf Club1

Calling the listing agent

The agent on the sign works for the seller. In a market where condition swings price by hundreds of thousands, negotiating against that agent with no one in your corner is the costliest move of all.

Oakwood Golf Club2

Misjudging the renovation math

A dated home looks like a deal until you price the roof, HVAC, pool, and full modernization honestly. Underbudget the reno and the bargain becomes the expensive house.

Oakwood Golf Club3

Overpaying for an interior lot

A premium homesite (water, preserve, or a preferred position) carries a real, durable premium. Pay a top price for an interior lot and you are buying the weakest version of the value.

Oakwood Golf Club4

Underbudgeting the carrying costs

Two similar homes can cost very differently to own once the HOA, any CDD, insurance, and upkeep are priced in. Buyers who do not run the full monthly carrying cost misread the real number.

Oakwood Golf Club5

Skipping the systems check

An older home means older systems unless updated. Roof age, HVAC age, pool equipment, and prior renovations drive both price and insurability, and a thorough inspection matters more here than in a new build.

“

Oakwood Golf Club is an established Lake Wales neighborhood around a course that has closed. The deal is won or lost on the home, the lot, the low HOA, and your read of what the land becomes.

Jon Brooks · Founder, Momentum Realty
Momentum Intelligence

Momentum Buy Score.

Our proprietary 0 to 10 read across the five factors that decide how a home here buys, holds, and resells.

6.2C+ · Buy Score
Resale Strength6.0/10
Renovation Risk5.0/10
Location Efficiency6.4/10
Long-Term Defensibility5.5/10
Carrying Cost Advantage8.2/10

Momentum Intelligence Scores are our proprietary, qualitative assessment based on the analysis on this page, on a 0 to 10 scale. They are a framework for comparing communities, not a guarantee of future value or advice on a specific home.

Momentum Housing Intelligence

Why our read on Oakwood Golf Club is different.

Most pages on this community are an automated estimate wrapped in stock copy. This one is built from the live Stellar MLS feed, fourteen years of closed sales, and a renovation-by-renovation read of what actually moves value here, lot by lot. No Zestimate, no guesswork.

Live Stellar MLS feed14 years of closed salesRenovation-premium analysisLot-by-lot, no automated estimates
Jon Brooks, founder of Momentum Realty. A housing economist with a background in real estate investment banking at Deutsche Bank and consulting at Ernst & Young, who has built and analyzed Northeast Florida real estate from the ground up.
About the analyst · Our methodology

Which Lots & Views Hold Value Best

Proprietary Data · Lot Value Map

Where the value actually sits. Each home is shaded by its price per square foot (a value read, not just a price) and ringed by lot type, so you can see at a glance which pockets carry a real, durable premium and where a renovation play makes sense.

Value ($/sqft)
$261 value$401 premium
Lake / waterPreserveInterior

Fill = price per square foot; ring = lot type, inferred from listing descriptions. Sold homes are shown by realized $/sqft (lot type not always recorded). Asking and recent-sold figures from Stellar MLS; for orientation, not an appraisal.

15-Second Take
  • In an established neighborhood, the lot and home condition set value
  • Do not pay a premium for a closed course or former fairway view
  • A lot whose value stands alone is the safer buy here
  • Read the deed restrictions and the redevelopment picture first
  • Confirm the HOA and what it actually covers

In an established community like this, the part of your money the market protects is the home condition and the lot itself, not a golf amenity that is not operating. Lots that back to the former course carry an open question, since the land could be redeveloped or could sit, so do not pay a premium that assumes the view stays as it is. A lot whose value stands on its own, with an updated home and a clear deed-restriction picture, is the safer buy. Read the HOA, the deed restrictions, and the latest on the redevelopment, then price the home and the lot against them.

The 15-Second Verdict

Oakwood Golf Club in 15 seconds.

Best forBuyers who want an established Lake Wales home with a low HOA at a value price.
Biggest advantageA quiet established neighborhood with low carrying costs and convenient Polk access.
Biggest riskA closed golf course and an unsettled redevelopment picture for the surrounding land.
Sweet spotAn updated home on a good lot bought for the home itself, not the course.
Avoid ifYou want a working golf course and active club or certainty about the land.

A Low HOA & the Course Question

15-Second Take
  • Confirm the current monthly HOA and what it covers
  • Do not assume golf or club access, the course is closed
  • Read the deed restrictions for the exact home and phase
  • Ask how the HOA changes if the land is redeveloped
  • Carry your own home insurance and budget for upkeep

Listing sources describe a low monthly HOA for Oakwood Golf Club, generally covering common-area and neighborhood upkeep rather than golf, since the course is not currently operating. The fee is modest compared with active golf communities, but what it covers and whether it changes if the land is redeveloped is the real question. Confirm the current dues, what they include, and any deed restrictions from the HOA for the exact home.

On a community like this the HOA generally covers shared common-area maintenance and basic neighborhood standards, and because the course has closed, buyers should not assume golf or club access is included. Owners carry their own home insurance and maintenance. Verify exactly what the fee covers, whether any club or recreation facilities are available, and what each owner is responsible for before you buy.

Run Your Numbers

Tools for a Oakwood Golf Club buy.

Free calculators to pressure-test the real cost before you tour.

Mortgage paymentPrincipal, interest, taxes, and insurance on a specific price.Property taxPolk County millage and the homestead picture.Rent vs buyThe breakeven on owning in Oakwood Golf Club.Save Our HomesProject your homestead tax cap over time.
The takeaway

Selling here is won on condition and view, not the Zestimate. The right number comes from closed comps matched to your renovation level and lot.

Selling in Oakwood Golf Club

Price to the home, the lot, and an honest course read, not a golf dream.

Selling here means pricing to the home and the lot, with an honest account of the closed course and the redevelopment question, not a working golf amenity. The condition of the home, the lot position, and the low HOA are what set your number, and clarity about the course status builds buyer trust.

Momentum listings (YTD)
97.98%
Sold-to-list ratio across our market for our agents, sellers keeping more of their price.
Market average (YTD)
96.73%
The broader metro average sold-to-list ratio over the same period.
Momentum days on market
64 days
Median days on market for our listings, faster sales mean less carrying cost and stronger leverage.
Market days on market
72 days
The broader metro median over the same period.

Sold-to-list and days-on-market figures reflect Momentum Realty listings versus our market average, year to date. Your home's result depends on pricing, condition, lot, view, and preparation.

In Oakwood Golf Club, condition and view decide your number

Because buyers here are weighing your home against renovated comps and cross-shopping Lake Ashton, a home priced to the community average instead of its true condition and view either leaves money on the table or sits. A renovated kitchen, newer roof and HVAC, and a golf or lake view all deserve to show up in your price, and a buyer pool reading renovation math needs to be shown why your home is worth it. We build that case with real comps and a pricing strategy for the current market.

What is your Oakwood Golf Club home worth?

Get a no-obligation home value based on real comparable sales in Oakwood Golf Club matched to your condition, lot, and view, 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 homes for sale in Oakwood Golf Club on the map →
Or get your Oakwood Golf Club home value & selling guide →

Real comps, not a Zestimate.

The real cost & risk here

Before the list price, the Florida math the portals skip. These are Polk County typicals — your exact home, flood zone, and insurance quote will vary, so verify each before you offer.

$1,674/mo
Polk County typical true cost to own
$161/mo
Polk County typical home insurance
Check CDD
Confirm before you offer

Check it for your address: look up your flood zone (FEMA) · insurance by county · true-cost calculator · Polk County scorecard.

County typicals from Momentum’s Florida housing data (Zillow & Realtor.com aggregates, Census, FRED), updated monthly; insurance modeled. Flood zone is property-specific — always confirm via FEMA.

Oakwood Golf Club Market Scorecard

Thin data

Oakwood Golf Club is currently a thin data. Limited supply, a median asking price of n/a.

n/a
Months supply
n/a
Median list
n/a
Median sold
n/a
Per sqft
n/a
Days on mkt
0/0/0
Active/Pend/Sold

Go deeper: true cost calculator · affordability calculator.

Live data: Stellar MLS, distributed by MLS GRID, refreshed twice daily. Typical value: Zillow Research. Market metrics only; these describe homes for sale and recent sales, not residents.

Frequently Asked Questions

Where is Oakwood Golf Club?
It is a single-family golf-course community in Lake Wales, Polk County, on Old Wailes Road southeast of State Road 60. Listing sources cite ZIP 33898 and 33853 for the area, so confirm the exact ZIP for the specific home.
When was the community built?
Homes were largely built out from the mid-1990s onward, around a Karl Litten golf course that opened in 1993 (Lake Wales News, 2023; listing profiles, 2026). Confirm the exact build year for any specific home.
Is the golf course open?
No. The Oakwood course has been closed in recent years, according to Lake Wales News reporting. Buyers should not assume a working course or club, and should verify the current status with the listing and the HOA.
What is the redevelopment proposal about?
The owner of Oakwood and the neighboring Lake Wales Country Club proposed merging the two courses into one and adding hundreds of homes, a hotel, and commercial space (Lake Wales News, 2023). The city commission rejected the required annexation in late 2025, but the owner has signaled continued interest, so the outcome is unsettled.
Will the course reopen?
That is unknown. As of late 2025 the future of the land is unresolved after the city rejected the redevelopment annexation. Do not buy on the assumption the course reopens; confirm the latest status before you offer.
How much is the HOA?
Listing sources describe a low monthly HOA for the community. Because the course is closed, the fee generally covers neighborhood upkeep rather than golf. Confirm the current dues, what they cover, and any deed restrictions with the HOA for the exact home.
Is this a 55+ community?
Available sources do not indicate that Oakwood Golf Club is a 55+ or age-restricted community; it is described as a standard single-residential neighborhood. Confirm any age or occupancy rules in the deed restrictions for the specific home.
What kinds of homes are here?
It is a single-residential community, with homes that listing sources describe generally in the range of roughly 1,400 to 2,300 square feet. Confirm the exact size, bedroom count, lot, and condition for any specific home.
What does the HOA cover?
Generally shared common-area and neighborhood maintenance. Because the course has closed, buyers should not assume golf or club access is included. Verify exactly what the fee covers and what each owner is responsible for.
What schools serve the community?
It is part of Polk County Public Schools, with assignment by address that can change. Confirm the exact zoned elementary, middle, and high schools for the specific home, and note that magnet and choice options may apply.
What is nearby?
State Road 60, downtown Lake Wales, Bok Tower Gardens, and the broader Central Florida ride are all reachable, with Lakeland and the I-4 corridor a longer drive. Confirm real drive times for your routine.
Is Oakwood Golf Club a good investment?
A low HOA and a value entry price in Polk County support demand, but the closed course and the unsettled redevelopment question are real uncertainties. This is not a guarantee of future value; read the documents, the lot, and the latest on the land before you buy.
How does it compare to active golf communities nearby?
Active Polk communities such as Lake Ashton offer working amenities at higher carrying costs, while Oakwood Golf Club is a lower-cost established neighborhood without an operating course. Which is the better buy depends on whether you value amenities or low cost and price.
What should I verify before buying here?
Confirm the course status and any redevelopment plans, the current HOA and deed restrictions, the exact ZIP and schools by address, and the lot and home condition. The land question is the central diligence item here.
Who is the best real estate agent for Oakwood Golf Club?
The best agent for Oakwood Golf Club is one who actively works Lake Wales and knows the community's pricing, HOA and CDD details, and current inventory. Tell us what you're looking for in the form on this page and Momentum Realty will match you with a local specialist for Oakwood Golf Club.
How do I find a top Lake Wales real estate agent who knows Oakwood Golf Club?
Share a few details in the form on this page. Momentum Realty has 280+ agents and more than $3.5B in closed sales, and we'll connect you with one who knows Oakwood Golf Club and the wider Lake Wales area.
Can Momentum Realty connect me with an agent for Oakwood Golf Club?
Yes. Use the form on this page and we'll introduce you to a local specialist who can guide your Oakwood Golf Club purchase or sale - no call center and no pressure.
The Verdict

Should you buy in Oakwood Golf Club?

An honest fit check. We will tell you when it is not your community.

Buyers who want an established Lake Wales home with a low HOAExcellent fit
Buyers comfortable that the golf course is not currently operatingExcellent fit
Value buyers who want Polk County pricing with room to updateExcellent fit
Buyers who will read the lot, deed restrictions, and land questionExcellent fit
Buyers who want low carrying costs over active amenitiesExcellent fit
Buyers who want a working golf course and an active clubProbably not
Anyone unwilling to verify the course status and redevelopment plansProbably not
Buyers who need a brand-new home with current finishesProbably not
Buyers who want certainty about what the surrounding land becomesProbably not
Buyers relying on the course reopening to support valueProbably not

Get the inside read on Oakwood Golf Club

Whether you are buying a renovation project, comparing the lots and views, weighing the carrying costs, or selling your Oakwood Golf Club home, tell us what you need. Every inquiry comes straight to us. We represent you, not the seller, and what your agent is paid is negotiable and set in a written buyer agreement up front. No obligation, no spam, no high-pressure follow-up.

By pressing Get My Oakwood Golf Club Game Plan, you agree that EAB RE INVESTMENTS LLC (Momentum Realty) and its agents may call and text you about your inquiry, which may involve automated means and prerecorded or artificial voices, at the number you provided. You do not need to consent as a condition of buying any property, goods, or services. Message and data rates may apply. Message frequency may vary. Reply STOP to opt out, HELP for help. You also agree to our Privacy Policy and SMS Terms.

We respond personally, usually the same day.

You are all set.

A Momentum Realty Oakwood Golf Club specialist will reach out personally, usually the same day.

Thinking about hiring an agent here? How to find the best real estate agent in Oakwood Golf Club — what to look for, questions to ask, and your local expert.
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Photography on this page is sourced from active and recently sold MLS listings in this community and remains the property of the listing brokerage and/or photographer. Listings courtesy of Stellar MLS as distributed by MLS GRID. 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; deemed reliable but not guaranteed by MLS GRID.

Zoom out before you decide: see the Polk County market guide or every community in the Neighborhood Finder.

Momentum Offers

Need to sell fast in Polk County?

Get a real cash offer on your Oakwood Golf Club home in 24 hours and close in as little as 7 days, as-is. Because Momentum is a licensed RealTrends-500 brokerage, we'll also show you what listing would net - so you choose with both numbers.

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Sell my house fast in Polk County · How Momentum Offers works

Buying or researching Polk County? See the full Polk County real estate market report — prices, inventory, schools, taxes, and every Polk County neighborhood.

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. Momentum sells for 1.25% above the local market average and 8 days faster, and we’ll price yours against live your area comps.

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A real valuation with real comps from a local listing agent, not an instant algorithm. Response within one business day.

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