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Overview

3 bd3 ba1,936 sqftSingle Family
TypeSingle Family
HOA$770.96/yr
Built1986
Lot21,776 sqft
Living area1,936 sqft
Price / sqft$258

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Pricing, comps, HOA, the neighborhood. Answers before you fill out anything.

About this home

Built-in FeaturesCeiling Fans(s)Eat-in KitchenOpen FloorplanWalk-in Closet(s)Wet BarLightingSliding Doors

6168 Arborea Dr is a 1986-built home in Indian Lake Estates, Indian Lake Estates. Inside you'll find 3 bedrooms, 3 bathrooms, and 1,936 square feet of living space. Listed at $500,000 (about $258/sqft), 90 days on market. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable. HOA runs $770.96 annually.

From the listing

NEW SEPTIC AND DRAIN FIELD—SPRING 2026! WATERFRONT POOL HOME WITH BOAT LIFT AND NAVIGABLE ACCESS TO 7,500+ ACRE LAKE WALK-IN-WATER! Tucked away at the end of a quiet street in Indian Lake Estates, this distinctive three-bedroom, two-and-a-half-bath pool home offers the privacy, outdoor space, water access, and income-producing potential that are increasingly difficult to find in Central Florida. Situated on approximately one acre across two parcels, the property includes roughly 220 feet of freshwater canal frontage leading to Lake Walk-in-Water—one of Florida’s best-known trophy bass fishing destinations. Bring the boat, fishing rods, kayaks, and outdoor gear. A covered boathouse and lift provide convenient storage and direct access to miles of boating and fishing opportunities. The home has previously operated as a productive short-term vacation rental, providing a buyer with the flexibility to continue using it as an investment property, enjoy it as a seasonal Florida retreat, or make it a full-time waterfront residence. Financial records should be reviewed separately to evaluate future rental performance. Major improvements include a new septic system and drain field installed in spring 2026, along with a metal roof, boathouse roof, and HVAC system installed in 2022. These substantial updates help reduce some of the larger ownership concerns commonly associated with established waterfront homes. Inside, the single-story layout offers approximately 1,936 square feet, a split-bedroom floor plan, open living spaces, built-in features, a wet bar, and a game or entertainment area. The primary bedroom is generously sized, while the additional bedrooms provide comfortable accommodations for family members or vacation guests. Step outside to the screened swimming pool and covered outdoor living areas, where peaceful surroundings and abundant wildlife create the feeling of a private Florida retreat. The oversized grounds feature mature landscaping, irrigation, storage, and enough room to enjoy the property without feeling crowded by neighboring homes. Indian Lake Estates offers a relaxed community atmosphere with golf, clubhouse facilities, dining, fitness, tennis, pickleball, boating, fishing, and lakefront recreation. Whether purchased for personal enjoyment or investment use, this property delivers a combination of privacy, poolside living, boating access, major recent improvements, and established rental history that separates it from ordinary Lake Wales waterfront listings. This is not simply a home near the water—it is a complete Florida lifestyle property with room to breathe, income potential, and access to one of Polk County’s most recognized fishing lakes

The essentials

Built
1986
Price / sqft
$258
On market
90 days
Annual tax
$4,648
HOA
$770.96/yr
Flood zone
X · Low risk
Lot
21,776 sqft
Type
Single Family Residence

At a glance

Single family
Built 1986
Waterfront
Canal - Freshwater
Private pool
In Ground
1.00 acres
Lot size
1,936 sqft
Living area

Payment

Est. monthly payment
$3,310/mo
Down payment (20%)
$100,000
Property taxes
$387/mo
HOA
$770.96/yr
Rate assumed
6.8% · 30 yr
View full breakdown

Details

Type
Single Family Residence
Year Built
1986
Lot
21,776 sqft
Cooling
Central Air
Heating
Central
Parking
-
Pool
In Ground, Screen Enclosure
Waterfront
Canal - Freshwater
Days on Market
90
Built-in Features
Ceiling Fans(s)
Eat-in Kitchen
Open Floorplan
Walk-in Closet(s)
Wet Bar
Lighting
Sliding Doors
Storage
Dishwasher
Dryer
Microwave
Range
Refrigerator
Washer
Flood Zone X
Annual Tax (2025)
$4,648
Parcel #
29-31-01-994070-026326

Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.

Subdivision
Indian Lake Estates
County
Polk
MLS Area
33855 - Indian Lake Estates/Lake Wales
Lot Size
21,776 sqft
In CountyOversized LotPavedUnincorporated
HOA
$770.96/yr
Deborah Donella

Price history

Date
Event
Price
7/13/2026
Listed for sale
Source: Stellar MLS #L4963476
$500,000
$258/sqft

Neighborhood

6168 Arborea Dr
Indian Lake Estates, FL, 33855 · 33855 - Indian Lake Estates/Lake Wales

Market insights

Offer Insights

Choose an offer strength

List price: $500,000
$470,000 – $500,000
93.6% – 100% of listTops out right at the list price
80% of listList price
18 of the last 34 home closings in 33855 landed at this number or higher (53%). The median one sat 66 days before it went under contract, and this one is on day 90.

Sample: 34 closed home sales in 33855 over the last 8 months, Stellar MLS. A starting point, not a guarantee.

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Calculator

Est. monthly payment
$3,309/mo
Principal & interest$2,608
Property taxes$387
Insurance$250
HOA$64
Down payment20% · $100,000
Interest rate6.80%
Loan term

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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. HOA is the fee reported on the listing. 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

$500,000

$258 per sq ft

Beds and baths

3 beds, 3 baths

Size

1,936 sq ft

Time on market

90 days

Year built

1986

Monthly payment

About $3,310/mo

That is 20% down on a 30-year fixed at 6.8%, plus the home's $4,648 annual tax bill, insurance, and the $770.96/yr HOA fee.

HOA fee

$770.96/yr

Managed by Deborah Donella.

Flood zone

Zone X

That is outside the high-risk areas, so flood insurance is usually optional rather than required by a lender.

Offer

What should I offer?

Have another question?

Brokered byKELLER WILLIAMS REALTY SMART 1Listing agent: Don JerueListing data from Stellar MLS, MLS# L4963476.

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