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For sale
  • Price cut: $49.9K (6/24)
    $699,999

    2731 State Road 557, Lake Alfred, FL 33850

    4beds
    3,269sqft
    : 
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    Single Family Residence
    Built in 1978
    1.21 Acres Lot
    $671,100 Zestimate®
    $214/sqft
    $-- HOA

    What's special

    Experience the kind of lakefront living that rarely becomes available — over 150 feet of direct frontage on Lake Gum, more than 1.2 acres of land, a private dock, detached workshop, and breathtaking sunset views all wrapped into one incredible property. From the moment you arrive at 2731 State Road 557, the setting immediately stands out with its expansive lawn, long driveway, mature landscaping, and commanding lake views stretching across the backyard. Designed for both everyday living and entertaining, this custom home offers 4 bedrooms, 3 full bathrooms, multiple living spaces, and a layout that captures the beauty of the lake from throughout the home. The family room is filled with character featuring exposed wood beams, rich brick accents, a wood-burning fireplace, and large sliding glass doors that frame the water beyond. The kitchen offers wood cabinetry, granite countertops, stainless steel appliances, and generous prep and storage space while opening naturally into the main living areas. One of the standout features of the property is the massive screened-in back porch overlooking the lake — an incredible space for entertaining, relaxing, or simply taking in the peaceful waterfront setting and spectacular sunset views that paint the sky across Lake Gum in the evenings. Just beyond the porch sits your private dock with covered seating, creating the ultimate setup for boating, fishing, sunset cruises, or enjoying the true Florida lake lifestyle. The property also includes a large detached garage/workshop that provides endless flexibility for hobbies, storage, lake toys, vehicles, RVs, boats, or even a potential workshop space. The oversized lot offers an incredible amount of usable yard space rarely found on lakefront homes, creating room to spread out and fully enjoy the property. Additional features include a whole-house generator, spacious indoor living areas, a bonus/game room, a 2-car attached garage, and ample parking for guests and recreational vehicles. Conveniently located near Interstate 4, this property offers easy access to both Tampa and Orlando while still maintaining the privacy and tranquility of lakefront living. Properties offering this combination of acreage, true lake frontage, usable outdoor space, private dock, detached workshop, and convenient Central Florida location rarely become available. This is more than just a home — it is a lifestyle property built around space, privacy, and waterfront living.
    56 days
    |
    689
    |
    72
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    Zillow last checked:

    Listing updated:

    Listed by:

    Vikki Thielen 863-604-6627,

    THE MARKET REALTY COMPANY 863-999-4643,

    Brock Jennings 863-990-5846,

    THE MARKET REALTY COMPANY

    Source: Stellar MLS,MLS#: L4962081MLS LogoOriginating MLS: Lakeland

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 3
      • Full bathrooms: 3
      Rooms
      • Room types: Bonus Room, Family Room, Dining Room, Living Room, Utility Room
      Primary bedroom
      • Features: Ceiling Fan(s), Walk-In Closet(s)
      • Level: First
      • Area: 286 Square Feet
      • Dimensions: 22x13
      Bedroom 2
      • Features: Ceiling Fan(s), Built-in Closet
      • Level: Second
      • Area: 121 Square Feet
      • Dimensions: 11x11
      Bedroom 3
      • Features: Built-in Closet
      • Level: Second
      • Area: 110 Square Feet
      • Dimensions: 10x11
      Bedroom 4
      • Features: Built-in Closet
      • Level: Second
      • Area: 242 Square Feet
      • Dimensions: 22x11
      Bonus room
      • Features: Storage Closet
      • Level: First
      • Area: 551 Square Feet
      • Dimensions: 29x19
      Dining room
      • Level: First
      • Area: 187 Square Feet
      • Dimensions: 17x11
      Family room
      • Features: Ceiling Fan(s)
      • Level: First
      • Area: 486 Square Feet
      • Dimensions: 27x18
      Kitchen
      • Level: First
      • Area: 144 Square Feet
      • Dimensions: 12x12
      Living room
      • Level: First
      • Area: 480 Square Feet
      • Dimensions: 32x15
      Heating
      • Central
      Cooling
      • Central Air
      Appliances
      • Included: Dishwasher, Dryer, Range, Washer
      • Laundry: Inside
      Features
      • Ceiling Fan(s), Eating Space In Kitchen, PrimaryBedroom Upstairs, Solid Surface Counters
      • Flooring: Carpet, Tile, Hardwood
      • Has fireplace: Yes
      • Fireplace features: Family Room, Wood Burning
      Interior area
      • Total structure area: 3,962
      • Total interior livable area: 3,269 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 4
      • Parking features: Circular Driveway, Driveway, Garage Door Opener
      • Attached garage spaces: 4
      • Has uncovered spaces: Yes
      Features
      • Levels: Two
      • Stories: 2
      • Patio & porch: Enclosed, Porch
      • Exterior features: Lighting, Private Mailbox
      • Has view: Yes
      • View description: Water, Lake
      • Has water view: Yes
      • Water view: Water,Lake
      • Waterfront features: Lake Front, Lake Privileges, Lift - Covered
      • Body of water: LAKE GUM
      Lot
      • Size: 1.21 Acres
      • Dimensions: 150 x 420
      Details
      • Additional structures: Workshop
      • Parcel number: 262717000000041010
      • Zoning: RC
      • Special conditions: None

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • Brick
      • Foundation: Slab
      • Roof: Shingle
      Condition
      • New construction: No
      • Year built: 1978

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Public
      • Utilities for property: Electricity Connected

      Community & HOA

      Community
      • Pet fee: $0 monthly
      • Subdivision: LAKE GUM ESTATES
      HOA
      • Has HOA: No
      Location
      • Region: Lake Alfred

      Financial & listing details

      • Price per square foot: $214/sqft
      • Annual tax amount: $6,325
      • Date on market: 5/21/2026
      • Cumulative days on market: 419 days
      • Listing terms: Cash,Conventional,FHA,USDA Loan,VA Loan
      • Ownership: Fee Simple
      • Total actual rent: 0
      • Electric utility on property: Yes
      • Road surface type: Paved

        Estimated market value

        $671,100

        $638,000 - $705,000

        $2,854/mo

        Price history

        DateEventPrice
        6/24/2026Price change$699,999-6.7%$214/sqft
        Source: Stellar MLS #L4962081 Report a problem
        5/21/2026Listed for sale$749,900-3.1%$229/sqft
        Source: Stellar MLS #L4962081 Report a problem
        5/10/2026Listing removed$774,000$237/sqft
        Source: Stellar MLS #P4934803 Report a problem
        11/12/2025Price change$774,000-3.1%$237/sqft
        Source: Stellar MLS #P4934803 Report a problem
        8/28/2025Price change$799,000-8.7%$244/sqft
        Source: Stellar MLS #P4934803 Report a problem
        7/10/2025Price change$875,000-2.8%$268/sqft
        Source: Stellar MLS #P4934803 Report a problem
        5/10/2025Listed for sale$900,000$275/sqft
        Source: Stellar MLS #P4934803 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

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        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 33850

        Getting around

        10 / 100
        Car-Dependent
        39 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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