If you’re dreaming of a new home in a vibrant, growing community, Lake Wales is the place to be. The city is experiencing a surge of exciting new developments with many new home communities already building as well as more residential/commercial developments in the pipeline. In this article we will delve into a few of those future developments, Stoneridge and Lake Wales Commons, which promise to transform the area into a hub of modern living. These master-planned communities offer a variety of housing options, from single-family homes to apartments, alongside commercial and recreational spaces designed to foster a connected, sustainable lifestyle. As a buyer’s agent specializing in new home construction, I’m here to guide you through these opportunities. In this article, we’ll dive deep into the details of Stoneridge and Lake Wales Commons, exploring their development cycles and how they may evolve into distinct communities with unique identities. We’ll also briefly touch on the potential of the 5-R Ranch, a future project that adds to the area’s growth. Whether you’re a family, professional, or retiree, Lake Wales new homes offer something for everyone.
Stoneridge Development Overview
Development Timeline
The Stoneridge development, a 1,287-acre mixed-use project led by developer Moishe Goldshmidt, is poised to redefine Lake Wales as a destination for modern living. As of June 2025, the project is in the early stages of planning, with the city reviewing annexation and zoning changes for 1,202 acres, as 85 acres are already within city limits. The Planning and Zoning Board recommended approval in May 2025, marking a significant step forward. Development is expected to begin soon, following a phased approach that prioritizes mixed-use and industrial areas in the northern section before moving south to the residential zones. This strategic sequencing ensures a well-organized build-out, allowing infrastructure and amenities to support the growing community. As the project progresses, it may adopt a unique name, reflecting its distinct character and fostering a sense of belonging for future residents.
Home Types and Community Features
Stoneridge is designed to cater to a wide range of homebuyers with its diverse housing options. The development will include 2,400 single-family homes, townhomes, bungalows, and twin villas, alongside 550 multifamily units, totaling 2,950 residences. This variety ensures options for families, young professionals, and retirees alike. Beyond housing, Stoneridge will feature 4 million square feet of industrial space and 410,000 square feet of mixed-use commercial space, including retail shops and offices. A dedicated 10-acre commercial site will serve the residential area, providing convenient access to daily necessities. Additionally, 71 acres are set aside for public use, potentially hosting schools, fire or police stations, recreation areas, and government buildings, all accessible to the broader community. The development emphasizes a pedestrian-friendly environment with street trees and shade devices, creating a welcoming atmosphere that encourages walking and community interaction. Stoneridge’s vision is to support a work-live-play lifestyle, making it an ideal choice for those seeking a balanced, connected community.
| Stoneridge Development Details | Information |
|---|---|
| Total Size | 1,287 acres |
| Residential Units | 2,950 (2,400 single-family, townhomes, bungalows, twin villas; 550 multifamily) |
| Commercial Space | 410,000 sq ft |
| Industrial Space | 4 million sq ft |
| Public Use Area | 71 acres |
| Location | South of S.R. 60, west of Lake Wales Municipal Airport |
Community Vision and Growth
Stoneridge is more than just a housing development; it’s a vision for economic and community growth. The inclusion of industrial and commercial spaces aims to provide high-paying jobs and reduce the need for long commutes, aligning with the city’s Lake Wales Envisioned initiative. The project’s rail access along Crews Road enhances its economic potential, making it attractive for businesses and residents alike. As Stoneridge evolves, it may take on a unique community name, reflecting its role as a vibrant, self-sustaining neighborhood that blends modern amenities with the charm of Lake Wales.
Lake Wales Commons Overview
Community Vision and Amenities
Lake Wales Commons, a 558-acre development by Lake Wales Commons LP, was approved in December 2024 and is set to become a cornerstone of the city’s growth. Located on the western edge of Lake Wales, north of S.R. 60 and near U.S. 27, this project emphasizes connectivity, sustainability, and community engagement. The development features a trail system, street trees, shade devices, and preserved open spaces, creating a pedestrian-friendly environment that encourages walking and biking. With 31.5 acres dedicated to parks, residents will have ample opportunities for recreation and relaxation. The project aligns with the city’s Lake Wales Envisioned initiative, focusing on sociability, accessibility, and comfort to create identifiable community spaces for gatherings and events. Previously a citrus grove, Lake Wales Commons is being transformed into a modern neighborhood that balances urban conveniences with the natural beauty of Central Florida.
Home Options and Availability
Lake Wales Commons will offer 3,200 residential units, including 1,800 detached homes and 1,400 apartments integrated into mixed-use sections. This diverse housing mix caters to a wide range of buyers, from families seeking spacious homes to professionals looking for low-maintenance apartments. The development also includes up to 750,000 square feet of retail, commercial, and office space, and 1.2 million square feet of industrial/logistics space, ensuring residents have access to shopping, dining, and employment opportunities within the community. The mixed-use areas will feature apartments and offices above ground-floor commercial spaces, creating a vibrant, urban feel. As the development progresses, it may adopt a unique name that reflects its distinct identity, fostering a sense of pride and belonging among residents.
| Lake Wales Commons Details | Information |
|---|---|
| Total Size | 558 acres |
| Residential Units | 3,200 (1,800 detached homes, 1,400 apartments) |
| Commercial Space | 750,000 sq ft |
| Industrial Space | 1.2 million sq ft |
| Park Space | 31.5 acres |
| Location | North of S.R. 60, east of Winter Haven’s Intermodal Logistics Center |
Economic and Community Impact
Lake Wales Commons is designed to complement the city’s economic development strategy by fostering financial stability and growth. The inclusion of commercial and industrial spaces will attract businesses, create jobs, and increase local tax revenue. The development’s focus on pedestrian-friendly design and community spaces aligns with the city’s vision of creating a connected, livable environment. As Lake Wales Commons grows, it will contribute to the city’s transformation into a thriving hub, offering residents a high quality of life and a strong sense of community.
5-R Ranch and Developer Insights
The 5-R Ranch, a 4,158-acre property on the southwest side of Lake Wales, was acquired by Richland Communities for $50 million in December 2024. While still in the early planning stages, this site holds significant potential for future development, potentially including thousands of homes, commercial, and industrial spaces. Richland Communities has a proven track record, having developed Sugarloaf Mountain and Minneola Ridge in Lake County, which together feature nearly 4,200 homes and 1.23 million square feet of commercial space. However, the 5-R Ranch faces challenges due to its environmental sensitivity, including flood-prone areas and a diverse wildlife population, such as coyotes, bald eagles, and endangered species like the Florida panther. These factors will shape the project’s future, which may involve annexation into Lake Wales for municipal services. While the 5-R Ranch is not as far along as Stoneridge or Lake Wales Commons, it adds to the exciting growth potential of the area.
Why Choose Lake Wales for Your New Home?
Lake Wales is a hidden gem in Polk County, Florida, offering a unique blend of small-town charm and modern growth. Surrounded by scenic lakes and parks, it’s perfect for those who enjoy outdoor activities like biking, boating, or simply soaking in nature’s beauty. The city’s historic downtown, with its preserved buildings and unique shops, adds a touch of character and charm. With developments like Stoneridge and Lake Wales Commons, Lake Wales is poised for significant expansion, potentially adding over 20,000 new homes in the coming years. These projects will bring new jobs, schools, and services, enhancing the quality of life for residents. As these communities evolve, they may adopt unique names that reflect their distinct identities, fostering a sense of pride and belonging. Lake Wales offers an unparalleled opportunity to be part of a growing, vibrant community while enjoying the tranquility of Central Florida.
Conclusion and Next Steps
Hi, I’m Judson Osbon, your dedicated buyer’s agent with RE/MAX Prime Properties, here to guide you to your dream home in Lake Wales. Stoneridge and Lake Wales Commons are exciting new communities still in planning and development, with homes likely available in late 2026 or more likely 2027. For those ready to move now, check out existing communities like Hunt Club Groves, Seasons at Mable Place, Belle Lago, Reserve at Forest Lake, and Robins Run offering modern homes with Lake Wales’ charm. As your advocate, I’ll ensure you find the perfect home with the best terms. Call me at 407-955-1672 or leave your information in the form below to start your journey today!
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