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Florida / Polk County / Lake Wales

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Lake Wales

City, Polk County. Population 17,736 (2025), +1.0% on the prior year, +8.4% since 2020 Last updated 2026-10-04.

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Lake Wales

Boundary: US Census Bureau TIGER/Line, simplified for drawing. 20.3 square miles of land.

Population

2025
Population17,736Population, April 1, 1979 to 2025197917.7k high2025
Change since the prior year+1.0%2024 to 2025
Change since 2020+8.4%2020 to 2025
Census 202016,3612020

University of Florida Bureau of Economic and Business Research, Florida Estimates of Population, retrieved 2026-10-01 | Population estimates

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Basis of the latest figureestimate2025

Population by year

April 1 of each year. Basis is census in a census year, otherwise BEBR's estimate.

YearPopulationBasisChange
202517,736estimate+1.0%
202417,558estimate+1.0%
202317,384estimate+0.1%
202217,359estimate+2.1%
202117,001estimate+3.9%
202016,361census+1.9%
201916,062estimate+1.7%
201815,791estimate+2.8%
201715,365estimate0.0%
201615,362estimate+2.3%
201515,011estimate+1.2%
201414,830estimate+2.1%
201314,522estimate+1.4%
201214,323estimate+0.4%
201114,261estimate+0.3%
201014,225census+8.9%
200913,067estimate+0.1%
200813,052estimate+0.1%
200713,039estimate+2.2%
200612,755estimate+2.9%
200512,390estimate-0.3%
200412,433estimate+6.9%
200311,626estimate+2.6%
200211,336estimate+7.0%
200110,593estimate+3.9%
200010,194census+0.6%
199910,132estimate+1.0%
199810,028estimate0.0%
199710,027estimate+1.0%
19969,928estimate+0.3%
19959,894estimate+1.0%
19949,798estimate+0.4%
19939,759estimate0.0%
19929,759estimate+1.2%
19919,639estimaten/a
19899,128estimate+2.0%
19888,946estimate-0.6%
19878,999estimate+2.1%
19868,814estimate-0.4%
19858,847estimate+1.6%
19848,709estimate+0.2%
19838,692estimate+0.1%
19828,687estimate+1.4%
19818,566estimaten/a
19799,178estimaten/a

Labor force (county figures)

Aug 2026

County figures, no city estimate published by FloridaCommerce

Unemployment rate (Polk County)5.6%Unemployment rate, not seasonally adjusted, Aug 2016 to Aug 2026Aug 201617.6% highAug 2026
Labor force (Polk County)364,197Aug 2026
Employment (Polk County)343,756Aug 2026
Unemployed (Polk County)20,441Aug 2026
Rate a year earlier5.3%Aug 2025
Labor force, change on a year earlier+0.8%Aug 2026

US Bureau of Labor Statistics, Local Area Unemployment Statistics, retrieved 2026-10-01 | Labor force page

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Latest month is preliminaryyesAug 2026

Monthly, last three years

Not seasonally adjusted. The latest month may be preliminary.

MonthLabor forceEmployedUnemployedRate
Aug 2026364,197343,75620,4415.6%
Jul 2026362,522341,41321,1095.8%
Jun 2026364,274343,47820,7965.7%
May 2026363,558343,57619,9825.5%
Apr 2026364,145343,85420,2915.6%
Mar 2026362,888343,28519,6035.4%
Feb 2026363,155342,11021,0455.8%
Jan 2026361,659339,79521,8646.0%
Dec 2025363,620343,70019,9205.5%
Nov 2025364,310342,70521,6055.9%
Sep 2025364,322345,52918,7935.2%
Aug 2025361,457342,33819,1195.3%
Jul 2025360,017341,49518,5225.1%
Jun 2025360,223342,53717,6864.9%
May 2025358,677342,94815,7294.4%
Apr 2025359,401344,73714,6644.1%
Mar 2025359,494344,32715,1674.2%
Feb 2025357,482342,30215,1804.2%
Jan 2025358,495342,73315,7624.4%
Dec 2024358,224344,05314,1714.0%
Nov 2024358,198342,42315,7754.4%
Oct 2024358,684343,09615,5884.3%
Sep 2024361,678345,66716,0114.4%
Aug 2024360,421342,88917,5324.9%
Jul 2024359,181341,85317,3284.8%
Jun 2024358,500342,03216,4684.6%
May 2024355,735341,95413,7813.9%
Apr 2024355,965343,23312,7323.6%
Mar 2024357,145343,50913,6363.8%
Feb 2024355,198341,45213,7463.9%
Jan 2024355,708341,35814,3504.0%
Dec 2023354,901341,89913,0023.7%
Nov 2023356,901343,19413,7073.8%
Oct 2023357,867343,56214,3054.0%
Sep 2023359,253345,17714,0763.9%
Aug 2023357,640342,62115,0194.2%

Annual averages

YearLabor forceEmployedUnemployedRate
2025360,682343,21417,4684.8%
2024357,886342,79315,0934.2%
2023354,607341,61112,9963.7%
2022345,008332,65612,3523.6%
2021335,175317,18617,9895.4%
2020324,916294,93729,9799.2%
2019312,351300,85811,4933.7%
2018304,709292,29412,4154.1%
2017299,416285,42013,9964.7%
2016294,128278,23215,8965.4%
2015279,675261,82217,8536.4%
2014276,988256,26120,7277.5%
2013277,216253,37323,8438.6%
2012275,040247,66427,37610.0%
2011276,095244,51331,58211.4%

Sales and visitor spending

12 months to Mar 2026
BusinessFlare® estimate, last 12 months$1,093.9M

Monthly series, visitor, resident and big ticket groups, chart and workbook with the pass. Get the pass / Sign in

Pass holders: once signed in on the pass page, the monthly estimate loads here.

Economic Census geographic area series, retail trade and accommodation and food services, 2017 and 2022, retrieved 2026-10-01; BusinessFlare® city-level sales and visitor spending estimate (method and error; the figures are Street Economics Pass data), retrieved 2026-10-04 | How the estimate is made

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BusinessFlare® estimate from public sources. The estimate anchors on the sales the US Census Bureau published for this place in the 2017 and 2022 Economic Census, for retail trade and for accommodation and food services, and moves them month by month with the county's sales tax returns by kind of business (Florida Department of Revenue Form 10). After the 2022 anchor the place's share of the county moves with the growth of its commercial property on the Department's 2026 tax roll, as submitted by the county property appraiser, by use code: stores, shopping centers, supermarkets and auto dealers for retail; restaurants, bars and hotels for accommodation and food. The three spending groups follow the county's kind code mix within each sector. Every place with both anchors was carried from 2017 to 2022 the same way and the landing on the 2022 Census figure is the published error.

A landing error over 25% carries a wide error flag. The error is published with every figure; an estimate is never shown without it. Rounded to the nearest hundred thousand dollars; the monthly series is pass data.

Statewide median error, 2017 to 2022 back-test15.7%2017 to 2022
Retail trade (NAICS 44-45): Census sales 2017$580M2017
Retail trade (NAICS 44-45): Census sales 2022$972M2022
Retail trade (NAICS 44-45): 2022 landing error5.7%2022
Accommodation and food services (NAICS 72): Census sales 2017$52.7M2017
Accommodation and food services (NAICS 72): Census sales 2022$65M2022
Accommodation and food services (NAICS 72): 2022 landing error21.3%2022

Economic Census anchors and the back-test

SectorCensus sales 2017Census sales 20222017 carried to 2022Landing error
Retail trade (NAICS 44-45)$580M$972M$917M5.7%
Accommodation and food services (NAICS 72)$52.7M$65M$78.9M21.3%

Business base

Aug 2026
Licensed food service, lodging and alcohol businesses220New licenses by month, Sep 2016 to Aug 2026Sep 20165 highAug 2026
Food service licenses105Aug 2026
Lodging licenses43Aug 2026
Alcoholic beverage licenses72Aug 2026
New licenses, last 12 months19Aug 2026
New business filings, last 12 months (postal city)747Sep 2026
Change on the 12 months before+16.9%Sep 2026
New filings, latest month39Sep 2026

County Business Patterns and ZIP Code Business Patterns, complete data files, retrieved 2026-10-01; Florida DBPR active licensure base files: public food service, public lodging and retail alcoholic beverage licenses, retrieved 2026-10-01; Florida Division of Corporations (Sunbiz) bulk corporate data files, new entity filings by month, retrieved 2026-10-01 | Licenses Business formations

Licenses are placed inside the city limits by their geocoded address.

Business formations are by postal city: Lake Wales, which is not the city limits.

Establishments, employment and payroll are a ZIP code basis: ZIP codes 33853.

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Establishments (ZIP basis)3742023
Employees, mid March (ZIP basis)5,2812023
Annual payroll (ZIP basis)$255M2023

Licenses by type

Counted licenses in DBPR's food service, lodging and alcoholic beverage files, placed by geocoded address.

License typeFileActive
2010-SEATfood64
2APSalcohol32
2014-MFDVfood25
2003-NAPTlodging24
2COPalcohol17
2010-NOSTfood15
2002-MOTLlodging10
4COP-SFSalcohol9
3PSalcohol7
2007-DWEL-SNGLlodging7
1APSalcohol2
1COPalcohol2
2001-HOTLlodging2
11Calcohol1
4COPalcohol1
4COP-SBXalcohol1
2015-VENDfood1

Filings by entity type, last 12 months

Sunbiz new entity filings by the ZIP code of the principal address, grouped to the USPS postal city (postal city: Lake Wales)

Entity typeLast 12 months12 months before
Florida limited liability companies662559
Florida profit corporations4749
Florida non-profit corporations3529
Out of state entities registering in Florida31
Partnerships, trusts and other filings01

ZIP Code Business Patterns, 2023

ZIP codes 33853: the ZIP codes whose Census internal point falls inside the city limits. A ZIP code crosses the limits, so this is a ZIP basis, not the city.

ZIP codeEstablishmentsEmployeesAnnual payroll
338533745,281$255M

Building permits

Aug 2026
Housing units permitted, last 12 months322Housing units permitted by month, Dec 2009 to Aug 2026Dec 2009242 highAug 2026
Change on the 12 months before-28.3%Aug 2026
Permit valuation, last 12 months$124MAug 2026
Units, latest month17Aug 2026
Single family units, last 12 months298Aug 2026
Units in buildings of 5 or more, last 12 months0Aug 2026
Units, latest annual table3392025

US Census Bureau, Building Permits Survey, place and county residential permits, retrieved 2026-10-01 | Building permits

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Monthly, last three years

Residential permits as the Bureau publishes them; imputed months are the Bureau's imputations.

MonthUnits1 unit5 or moreValuation
Aug 202617170$8M
Jul 202629250$10.5M
Jun 202638380$15.4M
May 202625210$8.59M
Apr 202624240$9.57M
Mar 202617170$6.98M
Feb 202654520$22.2M
Jan 202622220$8.2M
Dec 202512120$4.12M
Nov 2025970$3.05M
Oct 202535330$14.2M
Sep 202540300$13.2M
Aug 202524200$8.67M
Jul 202532300$12.1M
Jun 202532300$12.5M
May 202519170$6.72M
Apr 202524190$8.33M
Mar 202533310$13.3M
Feb 202538380$15.7M
Jan 202541390$15.2M
Dec 2024101960$36.6M
Nov 202439390$14.8M
Oct 202439390$14.2M
Sep 202427270$10.1M
Aug 202445450$1.14M
Jul 202422220$8.65M
Jun 202430260$9.35M
May 202425230$9.06M
Apr 202424240$9.02M
Mar 202416160$4.6M
Feb 2024220$596K
Jan 202450500$18.4M
Dec 202327250$9.21M
Nov 202321210$7.75M
Oct 202327230$8.65M
Sep 202313130$4.68M

Annual table

YearUnits1 unit5 or moreValuation
20253393060$127M
20244204090$136M
2023476228240$113M
202269690$22.8M
202134340$9.39M
202030300$8.29M
201943186345$45.8M
201873730$19.2M
20171371370$37.7M
201670700$19.2M
201546460$12.9M
201474640$20.2M
201343430$12.8M
201230300$7.71M
2011962460$16.1M

Property roll

2026 preliminary
Total just value$2.02B
Total taxable value (non school)$1.26B2026 preliminary
Total taxable value (school)$1.43B2026 preliminary
Just value, change on the prior roll+6.4%2025 final roll to 2026 preliminary
Taxable value (non school), change on the prior roll+13.6%2025 final roll to 2026 preliminary
Total just value, prior roll$1.9B2025 final roll
New construction value$89.7M2026 preliminary
Parcels8,4742026 preliminary

Florida Department of Revenue, NAL tax roll, 2026 preliminary and final as posted, retrieved 2026-10-03

Parcels are placed by Census block group through the Census Bureau's block assignment file; a parcel in a block group that straddles the limits is apportioned. Census 2020 block groups; 59% of the county's just value lies in a place. Medians are over the parcels whose block group lies mostly in the place. Qualified sales: the roll's own sale fields, qualification codes 01 and 02, improved, single parcel.

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Median single family just value$218K2026 preliminary
Qualified sales, last 12 months567Jun 2025 to May 2026
Median qualified sale price$285KJun 2025 to May 2026
Just value, residential$1.37B2026 preliminary
Just value, commercial$234M2026 preliminary
Just value, industrial$72.6M2026 preliminary
Just value, agricultural$48.8M2026 preliminary
Just value, vacant$71.4M2026 preliminary
Just value, institutional$110M2026 preliminary
Just value, government$83.6M2026 preliminary
Just value, other$27.6M2026 preliminary

Just value by use group

Department of Revenue land use codes grouped: residential 001 to 009, commercial 011 to 039, industrial 041 to 049, agricultural 050 to 069, vacant 000, 010, 040 and 070, institutional 071 to 079, government 080 to 089, other 090 to 099. Taxable is the non school taxable value. Just value change compares with the 2025 final roll, summed the same way.

Use groupParcelsJust valueTaxable (non school)New constructionResidential unitsJust value change
Residential5,816$1.37B$871M$81.1M7,301+7.2%
Commercial405$234M$219M$1.44Mn/a+1.5%
Industrial48$72.6M$65M$5.97Mn/a+12.0%
Agricultural157$48.8M$6.63M$302Kn/a+7.9%
Vacant1,643$71.4M$64.5M$20Kn/a+17.7%
Institutional89$110M$6.67M$475Kn/a-2.1%
Government145$83.6M$297K$309Kn/a+0.3%
Other171$27.6M$23.2M$14.1Kn/a+28.3%

Housing

2020 to 2024 ACS
Housing units8,223Homeownership rate, 1990 to 2024199059.0% high2024
Occupied units6,9242020 to 2024 ACS
Vacant units1,2992020 to 2024 ACS
Owner occupied households4,0992020-2024 5-Year
Renter occupied households2,8252020-2024 5-Year
Homeownership rate59.2%2020 to 2024 ACS
Cost burdened households, all tenures (over 30% of income)35.3%2025
Cost burdened renter households54.7%2025

Shimberg Center for Housing Studies, Florida Housing Data Clearinghouse, retrieved 2026-10-01 | Housing data

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Severely cost burdened renters (over 50%)36.5%2025
Assisted housing developments9Assisted Housing Inventory
Assisted units755Assisted Housing Inventory
Median gross rent$1.11K2020 to 2024 ACS
Median single family sale price$294K2024

Cost burden by income, 2025

Households by the share of income spent on housing, Shimberg Center estimates for 2025.

TenureIncome (share of area median)30% or less30.1 to 50%Over 50%
All households30% AMI or less146172810
All households30.01-50% AMI303261570
All households50.01-80% AMI36347060
All households80.01-120% AMI424630
All householdsGreater than 120% AMI3,4591520
Renters30% AMI or less9269561
Renters30.01-50% AMI92164510
Renters50.01-80% AMI20127517
Renters80.01-120% AMI14950
RentersGreater than 120% AMI814290
Owners30% AMI or less54103249
Owners30.01-50% AMI2119760
Owners50.01-80% AMI16219543
Owners80.01-120% AMI275580
OwnersGreater than 120% AMI2,6451230

Single family sales by year

YearMedian priceSales
1996$62.5K155
1997$67.5K141
1998$63.5K140
1999$70K153
2000$77.9K149
2001$77.2K166
2002$111K280
2003$135K367
2004$150K408
2005$178K569
2006$197K398
2007$206K185
2008$175K125
2009$131K98
2010$132K107
2011$115K113
2012$110K127
2013$125K211
2014$135K209
2015$149K216

Assisted housing developments

Shimberg Center Assisted Housing Inventory.

DevelopmentAddressCityUnitsAssisted
Tower Point4111 US Highway 27 NLake Wales192192
Grove Manor100 W Sessoms AveLake Wales140140
Lake Wales Gardens504 S 4th StreetLake Wales9696
Grove Manor IIWest Sessoms Avenue and Dr. Martin Luther King Jr.Lake Wales7878
Sunrise Park750 Old Scenic HighwayLake Wales7272
Lake Wales Villas605 S. 3 RD STREETLake Wales5656
Orangemont Village401 WINSTON AVELake Wales5353
Orangemont Village I401 Winston AvenueLake Wales3434
Wales Landing Apartments700 11TH ST SOUTHLake Wales3434

Fiscal

Sep 2026
Half-cent sales tax, latest month$104KHalf-cent sales tax distributions by month, Oct 2016 to Sep 2026Oct 2016$133K highSep 2026
Half-cent sales tax, fiscal year to date$1.24MFY2026 to Sep 2026
Half-cent sales tax, last 12 months$1.24MSep 2026
Half-cent sales tax, change on the 12 months before-6.6%Sep 2026
State revenue sharing, latest month$63.9KSep 2026
State revenue sharing, fiscal year to date$788KFY2026 to Sep 2026
State revenue sharing, last 12 months$788KSep 2026
State revenue sharing, change on the 12 months before+1.7%Sep 2026

Florida Office of Economic and Demographic Research, Expenditures and Revenues Reported by Florida's County and Municipal Governments, retrieved 2026-10-01; Florida Department of Revenue, Revenue Confirmation Online, distributions to local governments, retrieved 2026-10-01; Florida Department of Financial Services, LOGERx local government Annual Financial Report data, long-term debt outstanding, retrieved 2026-10-04 | Distributions Annual financial report

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Total revenues$75.6MFY2024
Revenues, change on the year before-1.3%FY2024
Total expenditures$66.3MFY2024
Expenditures, change on the year before+16.6%FY2024
Revenues per resident$4.3KFY2024
Long-term debt outstanding at year end$69MFY2025
Long-term debt, change on the year before-0.7%FY2025

Half-cent sales tax, monthly distributions

As the Department of Revenue's ledger prints them; a blank month is a month with no line.

MonthDistributed
Sep 2026$104K
Aug 2026$102K
Jul 2026$101K
Jun 2026$107K
May 2026$113K
Apr 2026$105K
Mar 2026$101K
Feb 2026$111K
Jan 2026$96.6K
Dec 2025$103K
Nov 2025$98.9K
Oct 2025$96.3K
Sep 2025$112K
Aug 2025$108K
Jul 2025$112K
Jun 2025$118K
May 2025$122K
Apr 2025$118K
Mar 2025$106K
Feb 2025$117K
Jan 2025$107K
Dec 2024$108K
Nov 2024$97.6K
Oct 2024$100K
Sep 2024$112K
Aug 2024$110K
Jul 2024$114K
Jun 2024$120K
May 2024$127K
Apr 2024$122K
Mar 2024$113K
Feb 2024$124K
Jan 2024$111K
Dec 2023$115K
Nov 2023$112K
Oct 2023$116K

State revenue sharing, monthly distributions

As the Department of Revenue's ledger prints them; a blank month is a month with no line.

MonthDistributed
Sep 2026$63.9K
Aug 2026$63.9K
Jul 2026$63.9K
Jun 2026$64.7K
May 2026$64.7K
Apr 2026$64.7K
Mar 2026$64.7K
Feb 2026$64.7K
Jan 2026$64.7K
Dec 2025$69.2K
Nov 2025$69.2K
Oct 2025$69.2K
Sep 2025$71.3K
Aug 2025$71.3K
Jul 2025$71.3K
Jun 2025$60.9K
May 2025$60.9K
Apr 2025$60.9K
Mar 2025$60.9K
Feb 2025$60.9K
Jan 2025$60.9K
Dec 2024$60.9K
Nov 2024$67.2K
Oct 2024$67.2K
Sep 2024$67.2K
Aug 2024$67.2K
Jul 2024$67.2K
Jun 2024$67.7K
May 2024$67.7K
Apr 2024$67.7K
Mar 2024$67.7K
Feb 2024$67.7K
Jan 2024$67.7K
Dec 2023$67.7K
Nov 2023$67.7K
Oct 2023$67.7K

Long-term debt by fiscal year

Total long-term debt outstanding at fiscal year end, all funds, as the government reported it to the Department of Financial Services in its Annual Financial Report.

Fiscal yearDebt outstandingChange
FY2025$69M-0.7%
FY2024$69.5M-0.1%
FY2023$69.5M+156.0%
FY2022$27.2M-19.9%
FY2021$33.9M+14.1%
FY2020$29.7M+21.2%
FY2019$24.5M+2.8%
FY2018$23.9M+7.5%
FY2017$22.2M-4.2%
FY2016$23.2M-8.3%
FY2015$25.3M-5.7%
FY2014$26.8M-11.7%
FY2013$30.3Mn/a

Revenues by category, FY2024

Sum of the fund columns in EDR's workbook for this government.

CategoryFY2024FY2023Change
General Government Taxes$12.3M$10.8M+14.5%
Permits, Fees, and Special Assessments$12.4M$9.37M+32.4%
Intergovernmental Revenues$10.7M$6.9M+55.7%
Charges for Services$17.4M$17.1M+2.0%
Judgments, Fines, and Forfeits$407K$218K+87.0%
Miscellaneous Revenues$15.2M$8.05M+88.5%
Other Sources$7.08M$24.2M-70.7%
Taxesn/an/an/a
Intergovernmental Revenuen/an/an/a
Permits and Franchise Feesn/an/an/a

Expenditures by category, FY2024

Sum of the fund columns in EDR's workbook for this government.

CategoryFY2024FY2023Change
General Government Services (Not Court-Related)$13.5M$12.2M+10.9%
Public Safety$13.4M$12.8M+5.1%
Physical Environment$12.6M$12M+4.8%
Transportation$3.76M$4.41M-14.8%
Economic Environment$10.6M$7.98M+32.9%
Culture / Recreation$5.56M$4.27M+30.4%
Other Uses and Non-Operating$6.86M$3.23M+112.1%
Other Usesn/an/an/a
Human Servicesn/an/an/a

Bank deposits

June 30, 2026
Deposits (offices reporting this city)$642MDeposits, June 30 each year, 1994 to 20261994$714M high2026
Change on a year earlier-1.1%June 30, 2026
Change, real-4.2%June 30, 2026
Branches6June 30, 2026
Institutions5June 30, 2026
Branches opened since the survey a year earlier0June 30, 2026
Branches closed since the survey a year earlier0June 30, 2026

FDIC Summary of Deposits, Florida offices, every June 30 since 1994, retrieved 2026-10-01 | Bank deposits

Offices whose reported city is Lake Wales.

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Offices, June 30, 2026

Deposits as each office reports them to the FDIC; the city is the one the bank reports, not a municipal boundary.

InstitutionBranchAddressCityDeposits
Citizens Bank and TrustLake Wales Branch222 State Road 60 ELake Wales$194M
SouthState Bank, National AssociationLake Wales Branch300 W Central AveLake Wales$144M
Truist BankLake Wales Branch102 E Central AveLake Wales$108M
Bank of America, National AssociationEast Lake Wales Branch1100 State Road 60 ELake Wales$79.7M
Wells Fargo Bank, National AssociationLake Wales Branch149 E Stuart AveLake Wales$62.8M
Citizens Bank and TrustChalet Suzanne Branch23725 Hwy 27Lake Wales$54M

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