292 SW OLD CYPRESS WAY, LAKE CITY, FL, 32024
Active196 days on marketListed Jan 27, 2026MLS #G5107286
About this home
292 SW OLD CYPRESS WAY
*** VIEW OUR VIRTUAL VIDEO TOUR*** An extraordinary opportunity awaits at **The Reserve at Jewel Lake**, where luxury, privacy, and natural beauty converge. STUNNING LAKE ACCESS. HUGE. ADDITIONAL LOT. This remarkable offering includes not only a stunning home, with access to the approximately 60 acre lake *and* an additional buildable parcel—an exceptionally rare find. This beautifully designed **three-story, four-bedroom, three-bathroom** residence welcomes you with a light-filled, open-concept floor plan that seamlessly blends the living room, kitchen, dining area, reading nook, and butler’s pantry. Expansive windows frame breathtaking lake views, creating a serene backdrop that is entirely yours to enjoy. The kitchen is both stylish and functional, featuring elegant granite countertops, modern glass-front cabinetry, and stainless steel appliances—perfect for entertaining or everyday living. **Luxury Vinyl Plank flooring** flows throughout the home, enhancing its elegant yet comfortable feel. The primary suite is a true retreat, complete with a Safestep jacuzzi walk-in tub, walk-in shower, dual vanity with granite countertops, and a spacious walk-in closet. Step outside from the living area onto the screened-in patio and take in the peaceful waterfront views—an ideal setting for morning coffee or evening relaxation. Upstairs, a versatile studio-style space offers endless possibilities as a bedroom, game room, or creative retreat and is already plumbed for an additional bathroom. The lower level is an entertainer’s dream, featuring a built-in bookshelf system, wet bar with Leatherized granite adorning the top, and an impressively large storage or craft room. Outdoor living shines just as brightly. A screened-in patio leads to a beautifully fenced backyard with a dedicated fire pit pad and picturesque lake views beyond. The garage and porches are finished with durable, eye-catching Shark Coating epoxy flooring, and a storage shed provides added convenience. A **whole-house Generac generator** ensures peace of mind year-round. Completing this exceptional property is the included **buildable parcel to the left**, offering additional space and endless potential for expansion or outdoor enjoyment. This is more than a home—it’s a private lakeside lifestyle, thoughtfully designed and ready to impress.
Facts & features
The home at a glance
4
Bedrooms
3
Bathrooms
4,250
Sqft
0.55 ac
Lot size
2
Garage
2020
Year built
Three Or More
Levels
$171
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record and the real association fee — not generic estimates.
$4,825 /mo · 10% down Conventional, 30-yr fixed at 6%
The assumptions
Above the FHA loan limit for our service areas, so Conventional is the default. VA buyers: switch below — $0 down.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.
Estimated payment
$4,825/mo
Includes estimated PMI — it drops off once you reach 20% equity. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
$/sqft vs Lake City actives
$171 vs $197
Days on market
196 vs 55 typical
Where $171/sqft sits among the 58 Lake City actives
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
Where it sits
Inside Lake City
Get to know Lake City. See the full Lake City guide →
LAKE CITY 32024 — neighborhood snapshot
Population
20,644
Median age
44.2
Median income
$62,066
Median home value
$201,700
Avg household
2.6
Households w/ children
2,304
For the school run
Columbia County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Lake City market
$325K → $262K
Lake City median sold, yr/yr
95.7%
Sale-to-list ratio (12 mo)
26 of 58
Lake City actives have cut their price
Median sold price, Lake City, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 82% above the LAKE CITY 32024 median. See the full Lake City market guide →
Paper trail
This home's history
Reality check
What actually sold near 292 SW OLD CYPRESS WAY
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Mar ’26$599,000
174 SW DALMATION LANE
4 bd · 3 ba · 3,312 sqft · $181/sqft · 223 DOM
Sold · Apr ’26$778,000
264 NW SYLVI DRIVE
4 bd · 2.5 ba · 3,003 sqft · $259/sqft · 113 DOM
Sold · Sep ’25$445,000
761 SW ROSEMARY DRIVE
5 bd · 3.5 ba · 2,705 sqft · $165/sqft · 34 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, negotiation, and every question about 292 SW OLD CYPRESS WAY — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 292 SW OLD CYPRESS WAY — before you fall in love.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Straight answers
292 SW OLD CYPRESS WAY FAQs
What would the monthly payment be for 292 SW OLD CYPRESS WAY?+
With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $4,825/mo — principal and interest, the actual property-tax bill, the $22/mo association fee and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
How much are the HOA fees at 292 SW OLD CYPRESS WAY?+
The association fee works out to $22 per month. Ask us for the full association documents — they spell out exactly what the fee covers.
What are the property taxes on 292 SW OLD CYPRESS WAY?+
The most recent tax bill on record (2025) was $5,506. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
Are pets allowed at 292 SW OLD CYPRESS WAY?+
The listing reports pets: Yes. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.
How does the price compare to other homes in Lake City?+
At $725,000, this home is listed about 81% above the Lake City median of $399,900. The market section on this page shows how the area is trending.
Which schools are assigned to 292 SW OLD CYPRESS WAY?+
Westside Elementary School (elementary), Columbia High School (high) — Columbia County School District. Always verify school assignments with the district before relying on them.
The brief
Five things that matter here
01Positioned at the premium end
$725,000 runs 82% above the LAKE CITY 32024 median — but at 4,250 sqft it's also nearly twice the size of the typical Lake City listing.
02Water views
The water view is part of what you're buying — views hold value independently of the structure.
03Time on market is leverage
196 days on market against a Lake City median of 55 — sellers in this position are usually ready to negotiate.
04Strong assigned schools
Westside Elementary School, Columbia High School — Westside Elementary School rates 4 of 5. Always verify assignments with the district.
05The price has already moved
Listed at $950,000, now $725,000 — a $225K cut. The full history is in the market section below.
Keep looking
Similar homes nearby
Listing courtesy of REALTY EXECUTIVES IN THE VILLAGES · Charmaine Adams. MLS #G5107286.
IDX information is provided exclusively 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. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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