Waterfront
Address
2731 State Road 557, LAKE ALFRED, FL
Price
$ 699,999
Property Attributes
- MLS#L4962081
- TypeSingle Family
- Listing Status Pending
- CountyPolk
- CityLAKE ALFRED
- AreaLake Alfred
- NeighborhoodLAKE GUM ESTATES
- Zip33850
- StyleSingle Family Residence
- Year Built1978
- Taxes$ 6325
- Price$ 699,999
- Bedrooms4
- Full Bathrooms3
- Half Bathrooms0
- Sqr Footage3269
- Lot Size1.21 Acres
Data Source:
Stellar MLS
Property Description
Under contract-accepting backup offers. 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.
| Price History | |
|---|---|
| 5/21/2026 | Listed $749,900 |
| 6/24/2026 | 7$699,999 |
General Features
| Sewer | Septic Tank |
|---|---|
| Heating | Central |
| Cooling | Central Air |
| Utilities | Electricity Connected |
| Possession | Close Of Escrow |
| Roof | Shingle |
| Appliances | Dishwasher,Range |
| Zoning | RC |
| Garage Spaces | 4 |
| Patio/Porch Features | Enclosed,Porch |
| Construction Materials | Brick |
| Year Built | 1978 |
| View | Water |
| Levels | Two |
| Property Subtype | Single Family Residence |
| Tax Year | 2025 |
| Ownership | Fee Simple |
| Waterfront Features | Lake Front |
| County | Polk |
| New Construction | false |
| Property Type | Residential |
| Attached Garage | true |
| Subdivision Name | LAKE GUM ESTATES |
| Facing Direction | West |
| Garage Y/N | true |
| Other Structures | Workshop |
| Total Rooms | 9 |
| Full Baths | 3 |
| Status | Pending |
| Directions | From I-4. Head south on SR 557. Home is on your left. |
| City | LAKE ALFRED |
| Body of Water | LAKE GUM |
| Senior Community Y/N | false |
| MLS Area | 33850 - Lake Alfred |
| Lot Size Units | Acres |
| Lot Size Square Feet | 52825 |
| Carport Y/N | false |
| Listing Terms | Cash,Conventional,FHA,USDA Loan,VA Loan |
| Land Lease Y/N | false |
| Tax Annual Amount | 6325 |
| Additional Parcels Y/N | false |
| Lease Considered Y/N | false |
| Virtual Tour | https://www.propertypanorama.com/instaview/stellar/L4962081 |
| Building Area Units | Square Feet |
| Living Area Units | Square Feet |
| Standard Status | Active Under Contract |
| Occupancy Type | Vacant |
| Tax Lot | 8 |
| Legal Description | BEG 1716.63 FT E & 2707.66 FT S OF NW COR OF SEC "ON E R/W OF SR 557 RUN S 01 DEG 22' 20"" E ALONG" "R/W 150 FT S 69 DEG 39' 38"" E 468.26 FT M/L TO" LAKE NLY ALONG LAKE 100 FT M/L TO A PT S 64 DEG "57' 11"" E OF POB RUN N 64 DEG 57' 11"" W 496.80 FT " M/L TO POB BEING LOT 8 OF UNREC LAKE GUM ESTATES & THAT PART OF LOT 7 UNREC LAKE GUM ESTATES DESC AS: ON E R/W OF SR 557 S 65-31-50E 286 FT S68-59-30E 145 FT M/L TO WATERS OF LAKE GUM SLY ALONG WATERS OF LAKE GUM 17.5 FT M/L TO INTER WITH LINE S64- 57-11E FROM POB N64-57-11W 442 FT M/L TO POB |
| Water View | Lake |
| Water Access Type | Lake |
| Water Access Y/N | true |
| Additional Rooms | Bonus Room,Family Room,Formal Dining Room Separate,Formal Living Room Separate,Inside Utility |
| Water View Y/N | true |
| Flood Zone Code | X,AE |
| In Law Suite YN | false |
| Flood Zone Code X | Yes |
| DockY/N | true |
Interior Features
| Interior Amenities | Ceiling Fan(s),Eating Space In Kitchen,PrimaryBedroom Upstairs,Solid Surface Counters |
|---|---|
| Flooring | Carpet,Tile,Hardwood |
| Furnished Y/N | Unfurnished |
| Fireplace Features | Family Room,Wood Burning |
| Total Stories | 2 |
| Air Conditioning Y/N | true |
| Heating Y/N | true |
| Fireplace Y/N | true |
| Laundry Features | Inside |
| Total Bedrooms | 4 |
| LivingAreaSource | Public Records |
| Total Baths | 3 |
Exterior Features
| Exterior Amenities | Lighting,Private Mailbox |
|---|---|
| Parking Features | Circular Driveway,Driveway,Garage Door Opener |
| Water Source | Public |
| Lot Size Area | 1.2127 |
| Foundation Details | Slab |
| Building Area Total | 3962 |
| Lot Dimensions | 150 x 420 |
| Lot Size Acres | 1.21 |
| Road Surface Type | Paved |
| Private Pool | false |
| Waterfront Y/N | true |
| Covered Spaces | 4 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 33850
Price
Taxes
Year Built
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Updated on September 23, 2026 5:41 AM UTC
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