5040 Highlands By The Lake DriveLakeland, FL 33812Sale Price: $740,000

  • Sale Price: $740,000
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$/month over payments
Federal 30-year interest rate: 6.52% last updated on Jun 11, 2026
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $740,000Sale Price
  • 5Bedrooms
  • 3Full Bath
  • 1Half Baths
  • 3,623Square Feet

Listing Tools

Back on market! Buyers financing fell through. Just the gem you have been searching for! This stunning Mediterranean home is located behind private and secluded gates in the highly sought after South Lakeland community, Highlands by the Lake. A Parade of Homes Award winning residence, this 4 bedroom 3.5 bathroom home with a den was inspired and created for large group entertainment and privacy for overnight guests! Featuring a open foyer, graciously acquainted great room, a large formal dining room, and an eat in kitchen area with stainless appliances, a large walk-in pantry and granite counters. The fabulous front elevation of this home showcases a tile roof with a large pavered circular driveway, perfect for housing multiple cars and/or games and events. Welcoming you into the home, the foyer boasts a 20+ft vaulted ceiling and opens to an impressively sized great room with surround sound and a beautiful built-in for media equipment and storage! The large screened in pavered lanai and gas heated salt water pool are ideal for barbecues and pool parties. Several sets of French Doors along the back of the home open and bring the outdoors in, flawlessly creating a spacious area for gatherings. The unique floor plan of this home creates a 4 way split plan - lending plenty of room for any living situation. The Owner's Retreat, two bedrooms with a connected bathroom, and a small bonus room off foyer currently being used as an office but could be a fourth bedroom are all on the first floor, while another bedroom with ensuite bathroom is found upstairs - great for a guest room suite, teenager's retreat, or for an office away from it all. The First Floor Master Bedroom looks out over the pool area, and features a lovely tray ceiling, a large walk-in closet and a beautifully appointed bathroom with a large walk-in shower, separate custom vanities, and a generously sized bath tub! The attention to detail throughout the home is wonderful - the flow of the floor plan is unparalleled! Exclusivity and a high degree of privacy are enjoyed by residents who are just a short drive away to all the best the area has to offer: shops, restaurants, and theaters. Come and see this gorgeous home located in one of Lakeland's most private neighborhoods, it will not disappoint! Home values are very attractive in the Lakeland area, centrally located between Orlando and Tampa with quick access to the I-4 corridor. Do not hesitate to make your viewing appointment!

Property Details of 5040 Highlands By The Lake Drive

Property Details

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Mortgage Calculator


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$
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Est. Mortgage:
$/month over payments
Federal 30-year interest rate: 6.52% last updated on Jun 11, 2026. * The above figures are estimates provided by Union Street Media using the FRED® API, and are not endorsed or certified by the Federal Reserve Bank of St. Louis. Check with your lender for actual interest rates.
Listed by Maggie Olivera of XCELLENCE

Listing Sold by STELLAR NON-MEMBER OFFICE

Listings courtesy of StellarMLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of June 16, 2026 10:35 AM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end user license agreement.

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