Lake Somerset currently has 15 single family homes for sale with an average list price of $338,327. The average annual property tax for Lake Somerset is $1,892.
Schools
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What's Hot & What Not
Using the absorption rate, we can determine how long it's taking for homes to sell and which price points are selling the fastest in Lake Somerset, i.e. what's hot and what's not.
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Recent Sales
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Cleveland Heights is a single-family home community in Lakeland, Florida, built between 1922 and 2023. It currently has 12 single family homes for sale with an average list price of $411,933. The homes range in size from 820 ft2 to 6,045 ft2. The average annual property tax for Cleveland Heights is $2,687.
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Median Price: $280,000 |
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Cleveland Heights Manor is a single-family home community in the Lake Somerset neighborhood of Lakeland, Florida, built between 1959 and 2022. It currently has 3 single family homes for sale with an average list price of $326,233. The homes range in size from 1,125 ft2 to 2,608 ft2. The average annual property tax for Cleveland Heights Manor is $1,811.
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Median Price: $297,450 |
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Edgewood Park is a single-family home community in the Lake Somerset neighborhood of Lakeland, Florida, built between 1958 and 2024. It currently has 6 single family homes for sale with an average list price of $264,650 and 1 lot for sale with a list price of $45,000. The homes range in size from 480 ft2 to 1,811 ft2. The average annual property tax for Edgewood Park is $1,285.
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Median Price: $242,000 |
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Lakeshore Estates is a single-family home community in the Lake Somerset neighborhood of Lakeland, Florida, built between 1986 and 1987. It currently has no homes for sale. The homes range in size from 1,769 ft2 to 2,639 ft2. The average annual property tax for Lakeshore Estates is $3,108.
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Pine Acres is a single-family home community in the Lake Somerset neighborhood of Lakeland, Florida, built between 1960 and 1978. It currently has 1 single family home for sale with a list price of $255,000. The homes range in size from 768 ft2 to 1,260 ft2. The average annual property tax for Pine Acres is $957.
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Median Price: $185,000 |
Show all 8 Subdivisions
Subdivisions
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Market Trends
Lake Somerset home sales for the month of October stayed the same in volume when compared to last year, while the median sale price stayed the same.
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$2
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$254,500
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$282,500
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Median Sale Price for Lake Somerset
Number of Sales for Lake Somerset
Market Trends
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Real Estate News
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Lake Somerset had 2 new homes for sale during the week of Friday, November 1 to Thursday, November 7, including including 2 single family homes for sale with an average ...
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Lake Somerset had only 1 new construction home during the week of Wednesday, October 30 to Tuesday, November 5, and it was a single family home for sale with a ...
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Lake Somerset had only 1 sale during the week of Tuesday, October 29 to Monday, November 4, including and it was a single family home for sale with a list ...
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Lake Somerset had only new homes for sale with an in-ground swimming pool during the month of Sunday, October 13 to Saturday, October 19, and it was a single ...
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Lake Somerset had 2 new homes for sale during the week of Friday, October 11 to Thursday, October 17, including including 2 single family homes for sale with an average ...
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Real Estate News
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