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.
For sale
Price cut: $20K (9/30)
$680,000
2731 STATE ROAD 557, LAKE ALFRED, FL 33850
4beds
3,269sqft
Single Family Residence
Built in 1978
1.21 Acres Lot
$659,000 Zestimate®
$208/sqft
$-- HOA
What's special
- 133 days
- 266
- 17
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#: L4962081
Originating MLS: Lakeland

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, Range
- 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: $208/sqft
- Annual tax amount: $6,325
- Date on market: 5/21/2026
- Cumulative days on market: 442 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
$659,000
$626,000 - $692,000
$3,146/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/30/2026 | Price change | $680,000-2.9%$208/sqft |
Source: | ||
| 8/11/2026 | Listed for sale | $699,999$214/sqft |
Source: | ||
| 8/10/2026 | Contingent | $699,999$214/sqft |
Source: | ||
| 6/24/2026 | Price change | $699,999-6.7%$214/sqft |
Source: | ||
| 5/21/2026 | Listed for sale | $749,900-3.1%$229/sqft |
Source: | ||
| 5/10/2026 | Listing removed | $774,000$237/sqft |
Source: | ||
| 11/12/2025 | Price change | $774,000-3.1%$237/sqft |
Source: | ||
| 8/28/2025 | Price change | $799,000-8.7%$244/sqft |
Source: | ||
| 7/10/2025 | Price change | $875,000-2.8%$268/sqft |
Source: | ||
| 5/10/2025 | Listed for sale | $900,000$275/sqft |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment





