Overview
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About this home
651 Lorraine Cir is a 1957-built home in Ridge Manor, Lake Wales. Inside you'll find 5 bedrooms, 2 bathrooms, and 1,864 square feet of living space. Listed at $290,000 (about $156/sqft), 401 days on market. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable.
Welcome to 651 Lorraine Circle! Great investment opportunity! This property is currently tenant-occupied, making it an excellent option for investors seeking immediate rental income. This beautifully maintained home is located in the heart of Lake Wales, an up-and-coming area known for its family-friendly atmosphere and great schools. Convenience is key—you’re just minutes from shopping, dining, medical centers, and local attractions, all while enjoying a quiet residential setting. Major updates already done for you! The roof, water heater, and AC were all replaced about two years ago, offering peace of mind and lower maintenance costs. Whether you’re expanding your portfolio or planning for future use, this property offers incredible potential in a growing community with easy access to major highways.
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The essentials
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Details
Districts can re-zone, so verify directly with the district before relying on these.
Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.
Price history
Neighborhood
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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.
Quick answers.
Price
$290,000
$156 per sq ft
Beds and baths
5 beds, 2 baths
Size
1,864 sq ft
Time on market
401 days
Year built
1957
Monthly payment
About $1,889/mo
That is 20% down on a 30-year fixed at 6.8%, plus the home's $2,782 annual tax bill, insurance.
Flood zone
Zone X
That is outside the high-risk areas, so flood insurance is usually optional rather than required by a lender.
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