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$235,000

707 CAMBRIDGE WAY, LAKE WALES, FL 33853

3D Tour
Active248 days on market

Beds

2

Baths

2

Sq Ft

1,549 sq ft

Year Built

1990

Lot Size

0.30 acres

Garage

2

About This Property

This charming 2-bed, 2-bath home in the Crown Pointe community sits on a spacious 1/3-acre lot. It features a brand-new roof (2025), a new A/C system (2024), and solar panels (2025) for low utility costs. The interior boasts high ceilings, a sunken living room with a fireplace, and a modern kitchen with stainless steel appliances. Key highlights include a bright Florida room with a bar, a guest room with a built-in Murphy bed, and updated flooring throughout. Outside, the massive, fully fenced backyard offers a heated Jacuzzi, a storage shed with power/AC, and plenty of room for a pool. Located steps from local trails and minutes from Bok Tower Gardens, this move-in-ready home is perfectly maintained.

Property Overview

Property TypeResidential
Sub TypeSingle Family Residence
MLS #P4937656
StatusActive
Year Built1990
Stories1
Total Rooms5
ConstructionBlock
RoofShingle
FoundationSlab
FacesSouth
SubdivisionCROWN POINTE PH 02
CountyPolk
OwnershipFee Simple

Interior Features

InteriorEating Space In Kitchen, High Ceilings, Living Room/Dining Room Combo, Primary Bedroom Main Floor, Thermostat, Walk-In Closet(s)
FlooringCarpet, Ceramic Tile, Hardwood
AppliancesDishwasher, Disposal, Microwave, Range, Refrigerator
LaundryElectric Dryer Hookup, Washer Hookup
CoolingCentral Air
HeatingCentral
FireplaceYes ()

Exterior & Lot

ExteriorFrench Doors, Private Mailbox, Sidewalk, Storage
FencingWood
Lot Size0.30 acres (12,968 sq ft)
Lot Dimensions85 x 152
Road SurfaceAsphalt
0

Utilities

WaterPublic
SewerPublic Sewer
UtilitiesBB/HS Internet Available, Cable Connected, Electricity Connected, Propane, Public, Sewer Connected, Solar, Water Connected

Parking

GarageYes (2 spaces)

HOA & Community

HOAYes
HOA Fee$165 / Annually
Senior CommunityNo

Financial Details

List Price$235,000
Original Price$270,000
Annual Taxes$2,098 (2024)
FinancingCash, Conventional, FHA, VA Loan
Parcel #272936880202000940

Schools

ElementarySpook Hill Elem
MiddleMcLaughlin Academy Of Excellence
HighLake Wales Senior High

Directions

State Road 17 in Lake Wales to east on Burns Avenue, turn right onto Cambridge Way, property on the right side.

Location

707 CAMBRIDGE WAY, LAKE WALES, FL 33853

Listing Information

OfficeKELLER WILLIAMS REALTY SMART 1
ListedJanuary 30, 2026

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Home Price

$235,000

20% ($47,000)
6.75%

Loan Term

Principal & Interest$1,219
Property Tax (est.)$215
Insurance (est.)$150
Total Monthly$1,585
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Nearby Schools

How to Buy This Home

Multiple financing options available for this $235,000 home in LAKE WALES.

🏛️

FHA Loan

$8,225 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

$11,750 Down

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

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 2, 2026.

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