Lake Wales Commercial Real Estate

Lake Wales has the lowest entry prices in this batch and the deepest price cuts. In the Stellar MLS snapshot of October 29, 2026, the median ask across 19 active for-sale listings was $499,900 and the median asking price per square foot was $167. Eight of the 19 had been reduced, and the median reduction was 22.9%.

The price distribution has a gap in the middle. Ten listings asked under $500,000 and six asked $1 million to $3 million, with only two between $500,000 and $1 million and one above $3 million, so the median understates what the upper tier asks. Mixed-use was the largest category at eight of the 19, the median year built was 1959, and ten of the 19 had been on the market more than 180 days. Ten lease listings were also active, led by mixed-use and office at three each.