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Indian Lake Estates, FL news and local guide

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About Indian Lake Estates

Indian Lake Estates, Florida. Counties or equivalents associated with this area: Polk. Associated ZIP codes: 33855.

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Location

Indian Lake Estates is in Polk County, Florida.

Region: Central Florida

ZIP Codes

33855

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Indian Lake Estates, on Lake Walk-in-Water about 19 miles southeast of Lake Wales, began in January 1955, when Washington, D.C., developer Leon Ackerman formed El Dorado Estates, Inc. In October the company was renamed Indian Lake Estates, Inc. and bought a 12-square-mile tract for $222,000, about $35 an acre.

More about Indian Lake Estates

Ackerman planned an exclusive gated community of 15,000 people with a golf course, country club, marina and pier, and the first plat of the 7,200-acre development was recorded in December 1955. The company spent millions on canals, a quarter-mile pier and 200 miles of roads, 98 of them paved, and half-acre lots started at $2,250. Most buyers were land speculators, however, and only about 150 homes were built in the early years. Sources Wikipedia: Indian Lake Estates, Florida

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