2862 PENNACHIO DRIVE, LAKE WALES, FL, 33853
Active41 days on marketListed Jun 26, 2026MLS #O6417698
About this home
2862 PENNACHIO DRIVE
**Sales center to be converted to garage** Why wait to build when you can own this like-new, never-occupied former model home, ready for its very first owners? Showcasing designer-selected finishes and model-quality upgrades throughout, this exceptional residence offers the rare opportunity to enjoy new construction appeal without the wait time. Thoughtfully designed for both comfort and functionality, this beautifully appointed single-story home features a spacious open-concept layout that seamlessly connects the kitchen, dining area, and family room—creating an ideal setting for both everyday living and effortless entertaining. Sliding glass doors extend the living space outdoors, providing easy access to a covered lanai and year-round enjoyment of Florida’s outdoor lifestyle. Privately positioned at the rear of the home, the luxurious owner’s suite serves as a true retreat, complete with a spa-inspired en-suite bathroom and generous walk-in closet. At the front of the home, three additional bedrooms offer excellent separation and flexibility—perfect for family, guests, or a home office. A versatile flex space further enhances the layout, easily adapting to your needs as a media room, playroom, fitness area, or workspace. Residents enjoy access to resort-style amenities, including a sparkling community pool and multiple sports courts, fostering an active and engaging neighborhood environment. Ideally located just minutes from historic downtown Lake Wales, homeowners can take advantage of charming local shops, dining, and entertainment, while nearby attractions such as Lake Wales Country Club and the iconic Bok Tower Gardens offer endless recreational opportunities. This move-in-ready former model home presents a rare opportunity to own a never-lived-in residence with premium finishes in one of Lake Wales’ most desirable communities.
Facts & features
The home at a glance
4
Bedrooms
3
Bathrooms
2,168
Sqft
0.13 ac
Lot size
2
Garage
2025
Year built
One
Levels
$143
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 and the real association fee — not generic estimates.
$2,468 /mo · 3.5% down FHA, 30-yr fixed at 6%
The assumptions
FHA is the default here because it gets you in the door with just 3.5% down. Switch to Conventional or VA below.
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
Estimated payment
$2,468/mo
Includes FHA mortgage insurance and the financed 1.75% upfront premium. 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
+0.8%
$/sqft vs Lake Wales actives
$143 vs $174
Days on market
41 vs 54 typical
Where $143/sqft sits among the 364 Lake Wales actives
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 33853 — neighborhood snapshot
Population
12,385
Median age
37.3
Median income
$40,938
Median home value
$198,100
Avg household
2.57
Households w/ children
1,565
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
96.3%
Sale-to-list ratio (12 mo)
166 of 364
Lake Wales actives have cut their price
Median sold price, Lake Wales, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 48% above the LAKE WALES 33853 median. See the full Lake Wales market guide →
Paper trail
This home's history
Reality check
What actually sold near 2862 PENNACHIO DRIVE
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Jan ’26$294,990
2826 PENNACHIO DRIVE · same community
4 bd · 3 ba · 2,200 sqft · $134/sqft · 0 DOM
Sold · Jan ’26$308,740
3643 HARDMAN DRIVE · same community
5 bd · 2.5 ba · 2,112 sqft · $146/sqft · 0 DOM
Sold · Nov ’25$310,990
3655 HARDMAN DRIVE · same community
6 bd · 3 ba · 2,500 sqft · $124/sqft · 0 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 2862 PENNACHIO DRIVE — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 2862 PENNACHIO DRIVE — 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
2862 PENNACHIO DRIVE FAQs
What would the monthly payment be for 2862 PENNACHIO DRIVE?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $2,468/mo — principal and interest, the actual property-tax bill, the $80/mo association fee 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.
How much are the HOA fees at 2862 PENNACHIO DRIVE?+
The association fee works out to $80 per month. Ask us for the full association documents — they spell out exactly what the fee covers.
What are the property taxes on 2862 PENNACHIO DRIVE?+
The most recent tax bill on record (2025) was $3,189. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
Are pets allowed at 2862 PENNACHIO DRIVE?+
The listing reports pets: Yes. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.
How does the price compare to other homes in Lake Wales?+
At $309,999, this home is listed about 24% 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 2862 PENNACHIO DRIVE?+
Bartow Senior High School (high) — Polk County School District. Always verify school assignments with the district before relying on them.
Keep looking
Similar homes nearby
Listing courtesy of RE/MAX PRIME PROPERTIES · Nick Whitehouse. MLS #O6417698.
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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