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of canals near the lake, a quarter-mile pier, and 200 miles of roads throughout the development, of which 98 miles are paved. Prices for half-acre lots in the community started at $ 2,250. However, most of the buyers of plots were land speculators and only about 150 homes were built in the initial years after the community was founded. By 1959, financial problems seemed imminent and the following year
Ackerman sold his interest in the company to Alaska Oil & Mineral Company, Inc. However, the Indian Lake Estates, Inc. went bankrupt in April 1965. As of 2009, there are about 700 homes, mostly near the lake or golf course, on the community's over 8,000 lots.
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Ackerman envisioned an exclusive gated community of 15,000 residents, complete with golf course, country club, marina, and pier on Lake Walk-in-Water. In
December 1955, the first plat of the 7,200-acre community was recorded at the county courthouse. The company invested millions to build a network
284:
El Dorado
Estates, Inc. was incorporated in January 1955, with Washington, D.C. real estate developer Leon Ackerman as its only shareholder. In October 1955, the company's name was changed to Indian Lake Estates, Inc. and it purchased a large tract of undeveloped land on the shores of Lake
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982:‡This populated place also has portions in an adjacent county or counties
465:"Land Of Lost Dreams Developments Of Days Past Awakening From Deep Sleep"
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268:, United States. Indian Lake Estates is located on the eastern shore of
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403:"Remote Community Struggles With Issues That Keep It From Blossoming"
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272:(Lake Walk-in-Water), 14 miles (23 km) east-southeast of
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18:Unincorporated community in Florida, United States
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377:Indian Lake Estates, Inc. v. Stewart
351:Geographic Names Information System
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561:Municipalities and communities of
494:Stuart, Paula (December 6, 2009).
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1020:This article about a location in
463:Snyder, Jack (November 3, 1986).
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432:Bair, Cinnamon (July 1, 2007).
356:United States Geological Survey
401:Bair, Bill (October 2, 2002).
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96:Show map of the United States
25:Indian Lake Estates, Florida
325:"USPS - Look Up a ZIP Code"
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346:"Indian Lake Estates"
201: • Summer (
125:27.81389°N 81.37833°W
1000:United States portal
564:Polk County, Florida
805:Indian Lake Estates
254:Indian Lake Estates
130:27.81389; -81.37833
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66:Show map of Florida
60:Indian Lake Estates
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106:Coordinates:
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1034:expanding it
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774:Four Corners
764:Crystal Lake
664:Winter Haven
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505:December 15,
503:. Retrieved
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474:December 15,
472:. Retrieved
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412:December 15,
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330:February 15,
328:. Retrieved
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1022:Polk County
936:Ghost towns
911:River Ranch
868:communities
744:Babson Park
639:Lake Alfred
634:Haines City
579:County seat
388: 1971).
305:(1959–1991)
262:Polk County
128: /
1073:Categories
964:Green Pond
876:Eaton Park
856:Willow Oak
649:Lake Wales
629:Frostproof
624:Fort Meade
619:Eagle Lake
604:Auburndale
500:The Ledger
439:The Ledger
407:The Ledger
310:References
287:Lake Wales
274:Lake Wales
244:feature ID
116:81°22′42″W
113:27°48′50″N
978:Footnotes
906:Pittsburg
886:Lakeshore
840:Poinciana
790:Grenelefe
659:Polk City
614:Davenport
230:Area code
184:Time zone
175:Elevation
959:Brewster
949:Agricola
896:Nalcrest
881:Gibsonia
830:Loughman
820:Kathleen
800:Homeland
654:Mulberry
644:Lakeland
218:ZIP code
1026:Florida
926:Winston
921:Sun Ray
901:Nichols
851:Waverly
846:Wahneta
835:Medulla
739:Alturas
713:Village
280:History
266:Florida
157:Florida
142:Country
969:Sumica
954:Bareah
916:Socrum
810:Inwood
693:Dundee
609:Bartow
596:Cities
586:Bartow
384: (
380:,
256:is an
247:295792
164:County
1028:is a
944:Acton
685:Towns
223:33855
212:(EDT)
210:UTC-4
189:UTC-5
152:State
1030:stub
731:CDPs
507:2016
476:2016
447:2016
414:2016
332:2012
242:GNIS
169:Polk
260:in
235:863
203:DST
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191:(
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
