PALM ACRES in LAKE WALES

PALM ACRES
Homes for Sale in LAKE WALES, FL

Community in LAKE WALES · Polk County · ZIP 33898
25 homesBuilt 1959–2000Median sale $290K
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Built fromLive Stellar MLS data19 years of closingsFL DOR public recordsUpdated twice daily
Live · PALM ACRES Housing Pulse Stellar MLS + public records Analysis by Momentum Realty · $3.5B+ sold · 8,500+ transactions · Top 1% in Florida (RealTrends)
Price
$290K
Median sold · 12 mo
$176/sf
Sold $/sqft · 12 mo
peak $189 in 2022
92.5%
Sale vs ask
Tempo
82days
Median DOM · closed
9 days at the 2022 low
0 · 0
For sale · pending
live counts, refreshed twice daily
3
Sold · last 12 mo
10-yr average: about 1 a year
Ownership and context
68%
Owner-occupied · PALM ACRES
17 of 25 parcels homesteaded (FL DOR 2025)
32%
Non-owner-occupied · PALM ACRES
incl. 4% trust or LLC-held · 8% out-of-state
33%
Cash buyers · PALM ACRES
1 of 3 sales, 12 mo ending June 2026
25
Homes in the community
25 residential parcels (FL DOR 2025)
Track record · 19 years of records
Est. 1959
Community established
homes built 1959-2000, median 1974 (FL DOR 2025)
0
Failed listings · 2025
peaked at 1 in 2012
1,647sqft
Median sold home size
12-mo windows, closed sales
12.0%/yr
Turnover rate
about 3 of 25 homes trade a year

The 60-Second Overview

PALM ACRES market snapshot (as of August 2, 2026): the median sale price is about $290K ($176 per sq ft over the trailing 12 months of closed sales), and a median 82 days on market for closed sales.

PALM ACRES is a community of 25 homes in LAKE WALES, Polk County, built between 1959 and 2000 (median 1974), with a median living area of about 2,535 square feet. 68% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).

Windows contain 0 to 4 sales each (3 in the current window); every figure carries its sample size, and thin markets swing on single closings. Based on Stellar MLS data distributed by MLS GRID for the period 2007 through 2026. Deemed reliable but not guaranteed.

Homes sold per 12-mo window
02420122014201620182020202220242026
0 to 4 a year; 3 in the current window.

Palm Acres Market Scorecard

Thin data

Palm Acres is currently a thin data market. 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: realMLS, refreshed twice daily. Typical value: Zillow Research. Market metrics only; these describe homes for sale and recent sales, not residents.

Schools

In short
  • 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 PALM ACRES 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 PALM ACRES address.

If we were buying in PALM ACRES today, this is the order of operations we would run for our clients.

1

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.

2

Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.

3

Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.

4

Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.

5

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 PALM ACRES.

A closer look at the PALM ACRES market

At a median of $176 per square foot, PALM ACRES prices sit in a fairly defined band, so condition and updates — more than the list price — tend to separate one home from the next.

The housing stock is 25 homes built between 1959 and 2000, and 68% of parcels are homesteaded — the owner-occupancy proxy in the Florida DOR assessment roll.

The location and the amenities are priced into every listing in PALM ACRES. The deal is won or lost on condition, the comps, and the renovation math.

Jon Brooks · Founder, Momentum Realty

HOA, CDD & Fees

In short
  • Mandatory HOA. Confirm current dues
  • Any club/amenity membership is billed separately

Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.

The takeaway

Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed PALM ACRES sales matched to your home.

What is your PALM ACRES home worth?

Get a no-obligation home value based on real comparable sales in PALM ACRES, 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 PALM ACRES on the map →

Real comps, not an automated estimate.

Frequently Asked Questions

What is the median home price in PALM ACRES?
The median sale price in PALM ACRES was $290K over the 12 months ending August 2, 2026 (3 closed sales, Stellar MLS).
How long do homes in PALM ACRES take to sell?
Homes that closed in the 12 months ending August 2, 2026 took a median 82 days on market (3 sales, Stellar MLS).
How many homes are in PALM ACRES?
The Florida DOR 2025 assessment roll shows 25 homes in PALM ACRES (public records).
What share of PALM ACRES is owner-occupied?
68% of PALM ACRES parcels carry a homestead exemption on the 2025 Florida DOR roll, the owner-occupancy proxy in public records.
When were the homes in PALM ACRES built?
Homes in PALM ACRES were built between 1959 and 2000, with a median year built of 1974 (FL DOR 2025 roll).
Do cash buyers compete in PALM ACRES?
Cash buyers took 33% of PALM ACRES sales in the 12 months ending June 2026 (1 of 3 closings, Stellar MLS).
What schools serve PALM ACRES?
PALM ACRES is served by Polk County Public Schools, typically Polk County Public Schools (verify by address) and Confirm zoned elementary, middle, and high. Confirm the exact zoning by address with the district.
Who is the best real estate agent for PALM ACRES?
The best agent for PALM ACRES is one who actively works LAKE WALES and knows the community's pricing, fees, 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 PALM ACRES.
How do I find a top LAKE WALES real estate agent who knows PALM ACRES?
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 PALM ACRES and the wider LAKE WALES area.
Can Momentum Realty connect me with an agent for PALM ACRES?
Yes. Use the form on this page and we'll introduce you to a local specialist who can guide your PALM ACRES purchase or sale - no call center and no pressure.

Data sources & freshness

Live listingsStellar MLS, refreshed twice daily (last: June 25, 2026)
Community market statsStellar MLS closed sales, 12-month windows ending August 2, 2026
Housing stock & ownershipFlorida DOR 2025 assessment roll (community parcel extract)
Under-contract sharesStellar MLS records, as of 2026-08-01
Schools2025-26 district assignments + FLDOE school grades; verify with the district
Historical depthClosed-sale records back to 2007 (14 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. Momentum sells for 1.25% above the Stellar MLS member average and 8 days faster, and we’ll price yours against live your area comps.

Looking to buy here? Search homes for sale →

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CallFree valuation →
Thinking of selling in PALM ACRES? 3 recorded closings; median 82 days on market (window ending 2026-08-02). See the Polk County sell-now-or-wait data, what made 201,552 Florida listings fail in the last 12 months, or compare a cash offer vs. listing. Compiled from MLS records; deemed reliable but not guaranteed.
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