878 Wedgewood StreetNew Construction Home in Lake Wales, FL
Lake Wales, FL 33859 · Polk County
$304,998
$316,998
$145/sq ft
Photos of 878 Wedgewood Street
1 / 3Who is building this home?
This home is listed as built by KB Home, floor plan 2107G. Builder quality, warranty responsiveness, and willingness to fix punch-list items vary enormously between companies in Tampa Bay.
Compare Tampa Bay builder scorecards →About this home
Under Construction. This inviting, two-story home showcases an open floor plan with tile flooring and 9-ft. first-floor ceilings. The modern kitchen boasts Whirlpool® stainless steel appliances, a peninsula, granite countertops, a Moen® faucet, a Kohler® sink and 36-in. upper cabinets. A convenient laundry room with garage access is located downstairs. Upstairs, the primary suite features a walk-in closet and connecting bath that offers granite countertops, a dual-sink vanity, linen closet and walk-in shower with tile surround. Enjoy outdoor living on the covered back patio.
Home details and costs
- MLS number
- O6435428
- Property type
- Single Family Residence
- Build stage
- Under Construction
- Builder
- KB Home
- Floor plan
- 2107G
- Heated square feet
- 2,107 sq ft
- Total under roof
- 2,728 sq ft
- Stories
- 2 Story
- Lot size
- 0.12 acres
- Subdivision
- Reserve at Forest Lake - Phase 1
- HOA fee
- $300/quarter
- Annual property tax
- $1,167 (current assessment)
- Days on market
- 32 days
Heads up on that tax figure. On new construction, the number in the MLS is often the tax on the bare lot, not the finished home. Expect it to jump once the county reassesses with the house on it. How Florida reassesses new builds
What would this home actually cost per month?
Pre-filled with this listing's price and HOA. Adjust anything to match your situation.
Estimated monthly payment
$2,599
$30,500 down (10%) on a $274,498 loan
- Principal and interest
- $1,735
- Property tax (estimated)
- $382
- Homeowners insurance
- $267
- HOA
- $100
- PMI (under 20% down)
- $114
CDD defaults to zero, and that is often wrong.Many Tampa Bay new-construction communities carry a Community Development District assessment of roughly $1,500 to $3,000 a year on top of HOA, and it is rarely included in a builder's payment estimate. Ask whether this address is in a CDD before you budget.
The tax figure in the MLS looks like a bare-lot assessment. It lists $1,167 a year, while taxing this purchase price works out closer to $4,590. On new construction the county reassesses once the house is finished, so budget from the higher number.
Estimates only. Actual taxes, insurance, and assessments vary by address and change year to year.
Get the real numbers on this homeWhat is negotiable on this home?
Here is what this listing's numbers say about the builder's position.
On the market 32 daysContext
Still relatively fresh. Expect the sales office to hold firmer here than on inventory that has been sitting.
Reduced $12,000 (4%)Worth knowing
Originally listed at $316,998. A builder that has already cut once has acknowledged the first number did not work. That is a different conversation than one who has never moved.
Still under constructionContext
The builder has money in the ground but no finished house to carry, so there is less pressure than on standing inventory. The upside is that some finish selections are usually still open.
Where builders actually give
Rarely on the published base price. It sets the comp for every unsold home behind this one, and protecting it protects their appraisals. The real room is in closing cost credits, interest rate buydowns, and upgrades moved into the base. Asking for the right one in the right order is most of the job.
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Listed by Keller Williams Advantage Realty. Listing data provided courtesy of Stellar MLS via Bridge Interactive. Information is deemed reliable but not guaranteed and is provided for consumers' personal, non-commercial use. 878 Wedgewood Street, Lake Wales, FL 33859 is presented by Barrett Henry, REMAX Collective. Prices, availability, and incentives change without notice.