7242 BLACK ROAD, LAKE WALES, FL, 33898
Active55 days on marketListed Jun 9, 2026MLS #O6414919
About this home
7242 BLACK ROAD
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.
Facts & features
The home at a glance
5
Bedrooms
3
Bathrooms
2,128
Sqft
5.62 ac
Lot size
2
Garage
2023
Year built
One
Levels
$305
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.
$4,363 /mo · 10% down Conventional, 30-yr fixed at 6%
The assumptions
Above the FHA loan limit for our service areas, so Conventional is the default. VA buyers: switch below — $0 down.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.
Estimated payment
$4,363/mo
Includes estimated PMI — it drops off once you reach 20% equity. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
vs edgeAI estimate
+140%
$/sqft vs N/A
$305 vs $286
Days on market
55 vs 52 typical
Where $305/sqft sits among the 246 homes for sale in N/A
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
Where it sits
Inside Lake Wales
Drive times from this address
Estimated driving times, typical traffic. Data © OpenStreetMap contributors.
Get to know Lake Wales. See the full Lake Wales guide →
LAKE WALES 33898 — neighborhood snapshot
Population
18,426
Median age
46.9
Median income
$54,778
Median home value
$161,500
Avg household
2.51
Households w/ children
1,790
For the school run
Polk County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Lake Wales market
$275K → $271K
Lake Wales median sold, yr/yr
96.4%
Sale-to-list ratio (12 mo)
110 of 246
N/A have cut their price
Median sold price, Lake Wales, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 364% above the LAKE WALES 33898 median. See the full Lake Wales market guide →
Paper trail
This home's history
Reality check
What actually sold near 7242 BLACK ROAD
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Dec ’25$384,900
1489 COUNTY ROAD 228 · same community
3 bd · 2 ba · 2,097 sqft · $184/sqft · 137 DOM
Sold · Dec ’25$375,000
12112 CR 727 · same community
3 bd · 2 ba · 1,800 sqft · $208/sqft · 8 DOM
Sold · Dec ’25$485,000
29655 SE 152ND (RAVENSWOOD) PLACE · same community
3 bd · 2 ba · 1,800 sqft · $269/sqft · 10 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, negotiation, and every question about 7242 BLACK ROAD — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 7242 BLACK ROAD — before you fall in love.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Straight answers
7242 BLACK ROAD FAQs
What would the monthly payment be for 7242 BLACK ROAD?+
With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $4,363/mo — principal and interest, the actual property-tax bill and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
What are the property taxes on 7242 BLACK ROAD?+
The most recent tax bill on record (2025) was $5,422. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
How does the price compare to other homes in Lake Wales?+
At $650,000, this home is listed about 160% above the Lake Wales median of $250,000. The market section on this page shows how the area is trending.
Which schools are assigned to 7242 BLACK ROAD?+
Frostproof Ben Hill Griffin Junior Elementary School (elementary) — Polk County School District. Always verify school assignments with the district before relying on them.
Keep looking
Similar homes nearby
Listing courtesy of DALTON WADE INC · Joshua Estien. MLS #O6414919.
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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