Neighborhood · Lake Wales, Florida
Saddlebag Lake
Affordable waterfront living in central Polk County
27
Homes for sale
$149,000
Median list price
$160
Avg price / sqft
99
Median days on market
Saddlebag Lake sits in the rolling lake country east of downtown, a small residential community built around the water and priced for buyers who want a quieter corner of central Florida. It's a place of modest homes and gated pockets, close enough to Downtown Lake Wales for errands while feeling a world removed from the tourist corridor — Walt Disney World is about 75 minutes away when you want it. Families here are zoned to Spook Hill Elementary School, McLaughlin Middle School and Fine Arts Academy, and Bartow Senior High School.
For a buyer today, this is one of the most accessible entry points among Lake Wales homes for sale. The 27 active listings carry a median list price of $149,000, and with a median of 99 days on market, there's real room to negotiate — sellers over the past year netted about 92% of asking. Compare that to nearby communities like Lake Ashton and you'll see how much value sits here for the right shopper.
Saddlebag Lake is a community in Lake Wales, Florida.
Quick facts
$55,000 – $275K price range
960 sqft median home
$245/mo median HOA
$1,400/mo median rent
25 sold in 12 months
Drive times
On the market now
Homes for sale in Saddlebag Lake
View all 27 →
$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
$215,000
20 BEAVERKILL DRIVE, LAKE WALES
2 bd · 2 ba · 1,152 sqft
$179,900
12 SADDLEBAG TRAIL, LAKE WALES
2 bd · 2 ba · 864 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
$134,990
13 SILVERSIDES STREET, LAKE WALES
2 bd · 2 ba · 1,056 sqft
$99,900$110,000
6 RED QUILL CIRCLE, LAKE WALES
1 bd · 1 ba · 644 sqft
Every active listing inside the Saddlebag Lake boundary
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Browse Saddlebag Lake
By feature — on the live map
Where the market lives
The numbers that matter
The Saddlebag Lake market
25
Sold, last 12 months
$135,000
Median sold price
92%
Sale-to-list ratio
What sellers actually get vs asking
109 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
▲ 82.4% 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
≈ $1,350/mo
$149,000 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 small, quiet lake-oriented community that appeals to buyers who want affordability and a slower pace within reach of central Florida. Families are zoned to Spook Hill Elementary School and other Polk County schools, and downtown Lake Wales is close for shopping and services. Nine gated listings among the current 27 give it some added structure.
Is Saddlebag Lake expensive?+
No — it's one of the more budget-friendly corners of the Lake Wales market, with a median list price of $149,000 and active homes ranging from $55,000 to $274,900. At about $160 per square foot on a median home size near 960 square feet, it's built for value-focused buyers rather than luxury shoppers.
What do homes cost in Saddlebag Lake?+
Current listings run from $55,000 to $274,900 with a median list price of $149,000. Over the last 12 months, 25 homes sold at a median price of $135,000, so actual closings tend to land below the asking-price median. Explore what's active now on the live map.
How is the market in Saddlebag Lake?+
It's a patient buyer's market: the median home takes 99 days to sell, and sellers average about 92% of their asking price. With 25 sales in the past year against 27 active listings, inventory and demand are fairly balanced, which keeps room for negotiation.
What about HOA fees and property taxes?+
The median HOA runs about $245 per month, which reflects the gated and community-managed sections here. Property taxes are modest at a median of roughly $1,314 per year, and if you're weighing a rental instead, the median rent sits around $1,400 per month.
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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