Neighborhood · Lake Wales, Florida
Saddlebag Lake
Affordable lakeside living in central Polk County
29
Homes for sale
$139,900
Median list price
$155
Avg price / sqft
99
Median days on market
Saddlebag Lake sits on the quiet side of Lake Wales, where a gated community wraps around the water and most homes are compact, easy-to-maintain places rather than sprawling estates. It's the kind of spot that draws seasonal residents, first-time buyers, and anyone who wants a lakefront address without a lakefront price tag, with Downtown Lake Wales and neighbors like Lake Ashton and Country Club Village a short drive away.
For a buyer today, this is one of the most accessible corners of the market: the median list price sits at $132,490, and homes trade small at a median size of 857 square feet. There are 28 active listings right now, and with a median 98.5 days on market and sellers netting about 93% of asking, there's real room to negotiate. Browse the live map to see what's currently available.
Saddlebag Lake is a community in Lake Wales, Florida.
Quick facts
$55,000 – $275K price range
864 sqft median home
$245/mo median HOA
$1,400/mo median rent
24 sold in 12 months
Drive times
On the market now
Homes for sale in Saddlebag Lake
View all 29 →
$64,400
7 BLUE QUILL CIRCLE, LAKE WALES
1 bd · 1 ba · 572 sqft
$55,000
13 SADDLEBAG TRAIL S, LAKE WALES
1 bd · 1 ba · 608 sqft
$270,000
29 WOODRUFF WAY, LAKE WALES
2 bd · 2 ba · 1,296 sqft
$99,000
27 SADDLEBAG TRAIL S, LAKE WALES
1 bd · 1 ba · 1,078 sqft
$155,000
108 SILVERSIDES STREET, LAKE WALES
1 bd · 2 ba · 1,080 sqft
$179,900
12 SADDLEBAG TRAIL, LAKE WALES
2 bd · 2 ba · 864 sqft
$215,000
20 BEAVERKILL DRIVE, LAKE WALES
2 bd · 2 ba · 1,152 sqft
$168,000
29 BEAVERKILL DRIVE, LAKE WALES
1 bd · 1 ba · 708 sqft
$215,000
24 SILVERSIDES STREET, LAKE WALES
2 bd · 2 ba · 1,104 sqft
$79,500$88,000
6 SILVERSIDES STREET, LAKE WALES
1 bd · 1 ba · 408 sqft
$84,500$84,750
77 SILVERSIDES STREET, LAKE WALES
2 bd · 2 ba · 1,019 sqft
$65,000
20 WOODRUFF WAY, LAKE WALES
1 bd · 1 ba · 725 sqft
Every active listing inside the Saddlebag Lake boundary
Open full map search →Find your fit
Browse Saddlebag Lake
By feature — on the live map
Where the market lives
The numbers that matter
The Saddlebag Lake market
24
Sold, last 12 months
$135,000
Median sold price
93%
Sale-to-list ratio
What sellers actually get vs asking
107 days
Median time to sell
Saddlebag Lake vs Lake Wales
Median list price
Price per sqft
Days on market
Median sold price — 3-yr, 3-mo rolling
▼ 12.3% yr/yr
Homes sold per month
Live Stellar MLS data — every listing and closed sale inside the Saddlebag Lake boundary. Rolling medians smooth single-month swings in small communities.
For the school run
Schools Saddlebag Lake is zoned for
Attendance boundaries overlapping this community — always verify zoning with the district.
What it really costs
Owning here
Owning the median Saddlebag Lake home
≈ $1,300/mo
$139,900 median · 20% down · 30-yr fixed at 6.9% · taxes/HOA from live listing data · insurance is a Florida estimate.
$245/mo
Median HOA
From current listings inside the boundary
$1,400/mo
Median rent
Homes for rent inside the boundary
Population
569
Median age
68
Median income
$34,972
Median home value
$83,600
Beyond the listings
Living in Saddlebag Lake
Culture
Top 10% in the U.S.Sites to See
This population finds the most beautiful sites just by looking up. Sunrise, sunset or sometime in between, these people love to marvel at man-made and natural wonders.
Active
Top 10% in the U.S.Outdoor Adventures
Appreciating the outdoors, this population wants to actively engage with nature. Whether it's finding a new hiking trail or looking for the perfect spot to catch the sunset, they seek to explore the world around them.
Hobbies & Interests
Top 20% in the U.S.Wanderlust
Always thinking about their next destination, this population loves exploring new places abroad or right in their own backyard. They hold onto past trips by sharing their favorite memories and pictures year round.
Hobbies & Interests
Top 21% in the U.S.Natural Beauty
This population marvels at the beauty of nature, and they want to capture every breath-taking scene.
Hobbies & Interests
Top 22% in the U.S.Engine Enthusiast
This population loves working on and showing off their cars, trucks and motorcycles. You can find them researching car shows and the hottest models on the lot.
Hobbies & Interests
Top 24% in the U.S.Dog Lovers
Pups are just another member of the family. Dog lovers adore their tail-wagging friends and are looking for new ways to make them happy.
Straight answers
Saddlebag Lake FAQs
Is Saddlebag Lake a good place to live?+
It's a quiet, gated lakeside neighborhood that appeals to buyers who want water access and an easy-to-manage home. Assigned schools include Spook Hill Elementary School and McLaughlin Middle School and Fine Arts Academy, and downtown Lake Wales sits just a short drive away.
Is Saddlebag Lake expensive?+
No — it's one of the more affordable pockets in the area, with a median list price of $132,490 and homes ranging from $55,000 up to $274,900. Compared with nearby Lake Ashton and other Lake Wales communities, entry costs here are notably lower.
What do homes cost in Saddlebag Lake?+
The median list price is $132,490 and the average price runs about $152 per square foot on a median home size of 857 square feet. Over the last 12 months, 24 homes sold at a median price of $135,000.
How is the market right now?+
There are 28 active listings and homes are taking a median of 98.5 days to sell, so buyers have time and leverage. Sellers are getting about 93% of their asking price on average, which points to room for negotiation.
What about HOA fees and property taxes?+
The median HOA fee is $245 per month, which reflects the gated, amenity-supported nature of the community. Property taxes are modest, with a median of $1,302 per year.
Keep exploring
More Lake Wales neighborhoods
Neighborhood boundary by edgeAI; listings matched to the polygon. 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 is deemed reliable but is not guaranteed accurate by Stellar MLS.
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