Neighborhood · Lakeland, Florida
Lake Somerset
Easygoing Central Florida living between Tampa and Orlando
7
Homes for sale
$255,000
Median list price
$206
Avg price / sqft
40
Median days on market
Lake Somerset sits in Lakeland, the Polk County community that puts you almost dead-center between Tampa and Orlando. It's a settled residential pocket with modestly sized single-family homes, a mix that keeps things practical rather than showy, and it shares a corner of the market with neighbors like Sandpiper and Winston. If you want a quieter home base with real commuting reach — downtown Tampa is about 44 minutes, Walt Disney World roughly 55 — this is a sensible spot to plant.
Right now the market here is tight but reasonable. There are just 7 active listings with a median list price of $255,000, and over the last year 39 homes sold at a median of $271,000, with sellers collecting about 98% of asking. Homes move at a steady 40-day median pace, so you have room to think without endless waiting. Compare it against the broader pool of Lakeland homes for sale and you'll see Lake Somerset lands in the attainable middle.
Lake Somerset is a community in Lakeland, Florida.
Quick facts
$245,000 – $429K price range
1,520 sqft median home
$329/mo median HOA
39 sold in 12 months
Drive times
On the market now
Homes for sale in Lake Somerset
$250,000
3307 KILMER DRIVE UNIT 3307, LAKELAND
3 bd · 2.5 ba · 1,840 sqft
$329,900
1725 PARK DRIVE, LAKELAND
4 bd · 2.5 ba · 1,600 sqft
$255,000$259,000
3014 VENICE WAY, LAKELAND
3 bd · 1.5 ba · 1,166 sqft
$245,000$265,000
3022 VENICE WAY, LAKELAND
3 bd · 2 ba · 968 sqft
$249,000
3004 DREWERY AVENUE, LAKELAND
3 bd · 1.5 ba · 1,106 sqft
$288,000$289,900
2925 BELLWOOD AVENUE, LAKELAND
4 bd · 2 ba · 1,520 sqft
$429,000$439,900
1178 WINDJAMMER DRIVE, LAKELAND
3 bd · 2.5 ba · 2,008 sqft
Every active listing inside the Lake Somerset boundary
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Browse Lake Somerset
By feature — on the live map
Where the market lives
The numbers that matter
The Lake Somerset market
39
Sold, last 12 months
$271,000
Median sold price
98%
Sale-to-list ratio
What sellers actually get vs asking
25 days
Median time to sell
Lake Somerset vs Lakeland
Median list price
Price per sqft
Days on market
Median sold price — 3-yr, 3-mo rolling
▼ 8.3% yr/yr
Homes sold per month
Live Stellar MLS data — every listing and closed sale inside the Lake Somerset boundary. Rolling medians smooth single-month swings in small communities.
For the school run
Schools Lake Somerset is zoned for
Attendance boundaries overlapping this community — always verify zoning with the district.
What it really costs
Owning here
Owning the median Lake Somerset home
≈ $2,089/mo
$255,000 median · 20% down · 30-yr fixed at 6.9% · taxes/HOA from live listing data · insurance is a Florida estimate.
$329/mo
Median HOA
From current listings inside the boundary
Population
1,607
Median age
50
Median income
$63,530
Median home value
$222,764
Beyond the listings
Living in Lake Somerset
Hobbies & Interests
Top 3% 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.
Attitudes
Top 3% in the U.S.Volunteering & Giving
Expressing a desire to give back and do good for the community, this behavior emphasizes charity. Common activities include volunteering, fundraisers, and donations.
Relationships
Top 6% in the U.S.Networking
Driven to succeed in the business world, this population seeks to progress in their career through networking happy hours, summits, and connecting with other professionals online.
Hobbies & Interests
Top 7% in the U.S.Animal Advocates
Passionate about animal welfare, this population wants to know how best to care for their own pets (with toys and training) and help other animals find their fur-ever home.
Relationships
Top 10% in the U.S.Connected Motherhood
Motherhood is a unique journey for every woman. There are highs, lows,and lots to celebrate. These moms seek to share their experiences and engage with a community of moms.
Relationships
Top 12% in the U.S.Love & Romance
Love is in the air when this population is present. Includes people expressing their feelings for significant others in special ways. Common activities include anniversaries and date nights.
Straight answers
Lake Somerset FAQs
Is Lake Somerset a good place to live?+
It's a settled residential community that works well for buyers who want a quieter base with easy access to both Tampa and Orlando. Both Tampa International Airport (about 57 minutes) and Orlando International (about 66) are drivable, and you're near established Lakeland neighborhoods like Lake Hollingsworth. The steady 40-day median days on market reflects consistent local demand.
Is Lake Somerset expensive?+
No — it lands in Lakeland's attainable middle. The median list price is $255,000 with active listings ranging from $245,000 to $429,000, and homes average $206 per square foot. That's a practical price point compared with pricier waterfront pockets around the city.
What do homes cost in Lake Somerset?+
Over the last 12 months, 39 homes sold at a median price of $271,000, while current active listings carry a median asking price of $255,000. The median home size is about 1,520 square feet at roughly $206 per square foot. You'll find similar value in nearby communities like Gibsonia.
How is the market in Lake Somerset right now?+
Inventory is tight with just 7 active listings, and homes take a median of 40 days to sell. Sellers are getting about 98% of their asking price on average, so pricing is realistic and negotiation room is modest but present.
What about HOA fees and property taxes?+
The median HOA runs about $329 per month here, which is on the higher side and worth factoring into your budget. Property taxes come in around $2,477 per year at the median, keeping the overall cost of ownership reasonable for the price tier.
Keep exploring
More Lakeland 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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