Lake Somerset currently has 12 single family homes for sale with an average list price of $342,429.08 and 1 condo for sale with a list price of $160,000. The average annual property tax for Lake Somerset is $2,321.28.
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 16 single family homes for sale with an average list price of $471,962.44. The homes range in size from 820 ft2 to 6,045 ft2. The average annual property tax for Cleveland Heights is $2,910.38. It is located in Polk county.
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Median Price: $255,000 |
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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 6 single family homes for sale with an average list price of $311,033.33. The homes range in size from 1,125 ft2 to 2,608 ft2. The average annual property tax for Cleveland Heights Manor is $2,000.01. It is located in Polk county.
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Median Price: $319,900 |
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Edgewood Park is a single-family home community in the Lake Somerset neighborhood of Lakeland, Florida, built between 1908 and 2025. It currently has 3 single family homes for sale with an average list price of $269,150. The homes range in size from 480 ft2 to 2,008 ft2. The average annual property tax for Edgewood Park is $1,324.74. It is located in Polk county.
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Median Price: $253,500 |
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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 $3,108.21. It is located in Polk county.
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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 $239,999. The homes range in size from 768 ft2 to 1,292 ft2. The average annual property tax for Pine Acres is $1,134.28. It is located in Polk county.
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Median Price: $245,000 |
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Subdivisions
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Market Trends
Lake Somerset home sales for the month of April rose in volume by 100% when compared to last year, while the median sale price rose by 41.9% from $255,000 to $361,950. House sales rose by 100%, while the median sale price rose by 41.9% from $255,000 to $361,950.
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$282,500
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$280,000
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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, April 25 to Thursday, May 1, including including 2 single family homes for sale with an average ...
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Lake Somerset had only 1 sale during the week of Tuesday, April 22 to Monday, April 28, including and it was a single family home for sale with a list ...
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Lake Somerset had only 1 sale during the week of Tuesday, April 8 to Monday, April 14, 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, March 30 to Saturday, April 5, and it was a single ...
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Lake Somerset had 3 new homes for sale during the week of Friday, March 28 to Thursday, April 3, including including 3 single family homes for sale with an average ...
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Real Estate News
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