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$249,900

38 QUEEN OF WATERS STREET, LAKE WALES, FL 33898

3D Tour
Active568 days on market

Beds

2

Baths

2

Sq Ft

1,152 sq ft

Year Built

2008

Lot Size

0.10 acres

Garage

—

About This Property

THIS HOME QUALIFIES FOR 100% FINANCING (No PMI and No Income Restrictions with preferred lender). Enjoy lakefront living in the highly sought-after Saddlebag Lake Resort, a gated 55+ community where you own the land and enjoy resort-style amenities. This well-maintained 2-bedroom, 2-bath home offers beautiful waterfront views and a peaceful setting with a greenway on one side, providing added privacy. A spacious 24’ x 10’ screened porch overlooks the lake and offers the perfect space to relax and enjoy the view. Inside, the home features an open-concept floor plan with a spacious kitchen and island, ideal for entertaining and everyday living. The home is partially furnished and includes a washer and dryer, making it move-in ready. The primary bedroom features a large closet and an ensuite bathroom with a double vanity and walk-in shower. The guest bedroom also offers a generous closet, and the guest bathroom includes a tub/shower combination. This home has been meticulously maintained with major updates already completed, including a new roof in December 2022 and an HVAC system replaced in 2022. A large 24’ x 24’ carport was added in 2014, providing ample shade and coverage for vehicles. The landscaped yard is low maintenance, allowing you more time to enjoy the community and lake lifestyle. A ramp provides easy access to the home, and a fire hydrant located on the property offers added peace of mind. A large storage shed is included and is spacious enough for a golf cart. Saddlebag Lake Resort is an active adult 55+ community known for its extensive amenities and vibrant lifestyle. Residents enjoy access to a heated pool, sauna, hot tub, shuffleboard courts, tennis and pickleball courts, horseshoe pits, and a clubhouse with a full kitchen and library. The community also features a dog park with a wash station, a golf practice range, RV and boat storage area, and a private boat launch. The lakefront beach house includes a kitchen and restrooms and provides a perfect setting for gatherings and events. Numerous social clubs and activities are available for residents, including fishing, golf, men’s and women’s clubs, a dog owners’ club, horseshoes, and organized travel opportunities coordinated for the community. This property offers the opportunity to enjoy affordable lakefront living with resort-style amenities in one of Central Florida’s most desirable 55+ communities. Schedule your private showing today.

Property Overview

Property TypeResidential
Sub TypeManufactured Home
MLS #L4951660
StatusActive
Year Built2008
Total Rooms8
ConstructionOther, Vinyl Siding, Wood Frame
RoofShingle
FoundationCrawlspace, Other, Slab
FacesWest
SubdivisionSADDLEBAG LAKE
CountyPolk
OwnershipFee Simple
FurnishedPartially

Interior Features

InteriorCeiling Fan(s), L Dining, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Thermostat, Vaulted Ceiling(s), Window Treatments
FlooringLaminate, Linoleum
AppliancesDishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
LaundryInside, Laundry Room
WindowsBlinds, Double Pane Windows
CoolingCentral Air
HeatingElectric

Exterior & Lot

ExteriorAwning(s), Lighting, Rain Gutters, Sliding Doors
Other StructuresShed(s)
Lot Size0.10 acres (4,212 sq ft)
Lot FeaturesCleared, Flood Insurance Required, Level
Road SurfacePaved, Asphalt
ViewWater
0

Waterfront

WaterfrontYes
FeaturesCanal Front, Lake, Waterfront, Lake Front

Utilities

WaterPrivate
SewerPrivate Sewer
UtilitiesCable Connected, Electricity Connected, Sewer Connected, Water Connected

Parking

GarageNo
CarportYes

HOA & Community

HOAYes
HOA Fee$734 / Quarterly
Senior CommunityYes

Financial Details

List Price$249,900
Original Price$275,000
Annual Taxes$712 (2024)
FinancingCash, Conventional, FHA, USDA Loan, VA Loan
ZoningPUD
Parcel #283001939020032010

Directions

To reach 38 Queen of Waters St, Lake Wales, FL 33898, from Interstate 4 (I-4), take Exit 55 and merge onto US-27 South toward Haines City. Continue on US-27 South for approximately 23 miles, passing through Haines City and Dundee, until you reach FL-60 East in Lake Wales. Turn left onto FL-60 East and drive about 5 miles, then turn left onto Saddlebag Lake Rd. Follow the road into Saddlebag Lake Resort, and continue following the community signs to Queen of Waters St. Look for number 38 on the left side of the street. Please note that Saddlebag Lake Resort is a gated 55+ community, when you arrive at the gate, you will park and call in at the call box. Press the doorbell and tell them why you are there. The 24 hour monitored gate will be opened for you after checking in.

Location

38 QUEEN OF WATERS STREET, LAKE WALES, FL 33898

Listing Information

OfficeREMAX EXPERTS
ListedMarch 24, 2025

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Preferred Time

Scheduling is free, and you can cancel anytime.

Home Price

$249,900

20% ($49,980)
6.75%

Loan Term

Principal & Interest$1,297
Property Tax (est.)$229
Insurance (est.)$150
Total Monthly$1,676
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How to Buy This Home

Multiple financing options available for this $249,900 home in LAKE WALES.

🏛️

FHA Loan

$8,747 Down

Government-backed, low down payment. Credit scores as low as 580.

🎖️

VA Loan

$0 Down

Zero down for eligible veterans, active duty, and military families.

🏦

Conventional

$12,495 Down

Traditional financing. As low as 3-5% down with good credit.

🌾

USDA Loan

$0 Down

Zero down for eligible rural areas. Income limits apply.

Florida Down Payment Assistance Programs

You may qualify for up to $35,000 in assistance to cover your down payment and closing costs.

Florida Hometown Heroes

Up to $35,000

First-time buyers working in FL

FL Assist

Up to $10,000

FHA, VA, or USDA borrowers

FL HLP Second Mortgage

Up to $10,000

First-time buyers, 0% deferred

Polk County SHIP

Varies

Income-qualifying Polk residents

Can You Afford This Home?

Quick check based on the 28% debt-to-income rule. Not a guarantee — just a starting point.

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Listing information is deemed reliable but not guaranteed. All measurements and data should be independently verified. This information is provided by the Stellar MLS. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. 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 last updated: October 13, 2026.

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