$525,000
7242 BLACK ROAD, LAKE WALES, FL 33898
Beds
5
Baths
3
Sq Ft
2,128 sq ft
Year Built
2023
Lot Size
5.62 acres
Garage
2
About This Property
One or more photo(s) has been virtually staged. COUNTRY LIVING, MODERN COMFORTS, AND ROOM TO LIVE THE WAY YOU WANT. Situated on 5.618 mostly cleared acres, this 2023-built 5-bedroom, 3-bathroom home offers the perfect blend of privacy, functionality, and modern living. With over 2,100 square feet of living space, this property is designed for those seeking room to spread out without sacrificing convenience. Inside, you'll find an open-concept floor plan featuring luxury vinyl flooring throughout, a spacious living area, and a beautifully designed kitchen complete with a large center island, abundant cabinetry, and plenty of space for entertaining family and friends. The split-bedroom layout provides flexibility for large families, multigenerational living, or a dedicated home office. Step outside and discover what truly sets this property apart. The land is largely cleared and ready for your animals, hobbies, equipment, or future plans. A detached two-car garage/workshop with two oversized roll-up doors sits on a concrete slab and is complemented by covered carport space on both sides, providing ample room for vehicles, boats, trailers, equipment, or recreational toys. Additional property features include a 400-foot deep well, RV electrical and pump hookup, fenced animal area, chicken coop, fenced play area, fenced backyard, and perimeter fencing on three sides of the property. A barn located near the front of the property offers additional storage and potential for renovation to suit your needs. Whether you're dreaming of a mini-farm, homestead, hobby farm, or simply want space and freedom that is increasingly difficult to find, this property offers endless possibilities. Bring your animals, RV, boats, and big dreams—this is Florida country living at its finest.
Property Overview
Interior Features
Exterior & Lot
Utilities
Parking
HOA & Community
Financial Details
Directions
From the intersection of US Highway 27 and State Road 60 in Lake Wales, head east on State Road 60 approximately 7.5 miles. Turn left onto BLK Road. Continue north for approximately 1.5 miles. Property will be on the right.
Location
7242 BLACK ROAD, LAKE WALES, FL 33898
Listing Information
Schedule a Tour
Pick a Day
Preferred Time
Home Price
$525,000
Loan Term
How to Buy This Home
Multiple financing options available for this $525,000 home in LAKE WALES.
🏛️
FHA Loan
$18,375 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
$26,250 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.
More Homes in Lake Wales
More Homes in Lake Wales
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 6, 2026.