Why Live in Lakeland
Lakeland, a neighborhood in Arlington, Tennessee, is uniquely situated around Garner Lake, the largest lake in Shelby County. This area offers a variety of outdoor activities such as boating, fishing, and swimming, making it a popular spot for nature enthusiasts. Homes in Lakeland range from modern neo-eclectic styles on quarter-acre lots to expansive waterfront estates with private docks. Prices vary, with lakefront properties starting at $700,000 and extending to $1 million, while homes farther from the lake range from $450,000 to $650,000. The neighborhood emphasizes nature conservation, with many developments reserving significant portions of land for native flora and fauna. Residents enjoy exclusive access to Garner Lake through subdivisions like Lakeland Estates and East Shores. The area also boasts several parks, including Windward Slopes Park with its playground and tennis courts, and Cool Springs Park with a scenic loop trail. The International Harvester Managerial Park features a clubhouse, paved trails, and the LAMP Amphitheatre, which hosts community events. Lakeland's Summer Entertainment Series and Fourth of July boat parade are local highlights. For daily needs, residents can shop at Sprouts Farmers Market, Kroger, and Aldi. Dining options include Boba Society Milk Tea & Snack Bar and Villa Castrioti Lakeland. The Lakeland School System, established in 2013, is highly rated, with Lakeland Elementary and Lakeland Preparatory School both receiving top grades. Arlington High School also serves the area. For additional amenities, Memphis is just 23 miles away.
Home Trends in Lakeland, TN
On average, homes in Lakeland, Arlington sell after 67 days on the market compared to the national average of 69 days. The median sale price for homes in Lakeland, Arlington over the last 12 months is $363,390, down 12% from the median home sale price over the previous 12 months.
Median Sale Price
$363,390
Median Single Family Sale Price
$368,597
Median Townhouse Sale Price
$365,000
Median 2 Bedroom Sale Price
$449,000
Average Price Per Sq Ft
$281
Number of Homes for Sale
38
Last 12 months Home Sales
113
Median List Price
$415,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-12%