David Ramirez
$1,225,000$1,250,0006 bd6.5 ba7,035 sqft$174 /sqft$8,086 /mo all-in ↓

775 S ILAKEE AVENUE, LAKE ALFRED, FL, 33850

Active44 days on marketListed Jun 23, 2026MLS #L4961526

Reduced $25KWaterfrontPrivate poolSingle Family ResidenceN/A

About this home

775 S ILAKEE AVENUE

Virtually Staged. Hidden at the end of a quiet street on the shores of Lake Cummings, this legacy estate offers over 7,000 sqft of living space, more than 9,800 sqft under roof, 1,200 sqft of garage space, and over 1 acre of private land with breathtaking western sunset views. The thoughtfully crafted floor plan offers expansive gathering spaces while maintaining comfort and privacy. A formal living room showcases a wall of windows framing panoramic lake views, filling the home with natural light. The oversized kitchen is the heart of the home, with abundant storage, prep and serving space, a full size refrigerator and freezer, and ice maker—ideal for both intimate dinners and large celebrations. The private primary suite is a true retreat with tranquil lake views, a dressing area, dual walk-in closets, and a spa-inspired bath with dual vanities and an oversized sunken walk-in shower. Four additional bedrooms provide exceptional accommodations for guests. A standout celebration/pool room with tongue and groove walls, an upper loft, bedroom, bathroom, kitchen, and laundry expands the living space into its own entertainment venue for parties, game nights, or holiday gatherings—all while the main residence stays a peaceful retreat. Outside, the covered lanai is an outdoor living pavilion with soaring wood ceilings, a commercial-style outdoor kitchen with built-in grill, and expansive dining and lounge areas leading to a screened pool and spa. A dedicated screened potting and garden area overlooks the lake. Lake Cummings offers boating, fishing, and even seaplane accessibility. Nearly one acre of land allows room to enjoy the outdoors while maintaining exceptional privacy. Additional highlights: 1,200+ sqft of garage/storage space, circular driveway, whole-house Generac generator, abundant storage, and no HOA. Located in Lake Alfred, Polk County, along the I-4 corridor—one of Florida's fastest-growing regions, with the county adding nearly 25,000 residents in the past year and projected to near 1 million by 2030—this estate offers rare scale and lakefront acreage at approximately $179/sqft, well below comparable homes closer to Tampa and Orlando. Just 15 minutes to I-4, with both metro areas, major airports, shopping, dining, and healthcare within easy reach, this property is both a distinctive primary residence and a compelling long-term opportunity in a corridor still early in its growth curve. This is more than a luxury lakefront home—it's a private destination where sunsets become nightly events and every gathering becomes a cherished memory.

Facts & features

The home at a glance

6

Bedrooms

6.5

Bathrooms

7,035

Sqft

1.91 ac

Lot size

4

Garage

1954

Year built

One

Levels

$174

Per sqft

Private poolWaterfrontWater viewPets allowed

Inside

FlooringCarpet · Ceramic Tile · Laminate
AppliancesBuilt-In Oven · Dishwasher · Dryer · Electric Water Heater · Ice Maker · Range · Refrigerator · Washer
InteriorCeiling Fan(s) · Primary Bedroom Main Floor · Split Bedroom · Walk-In Closet(s)
LaundryInside · Laundry Room
CoolingCentral Air
HeatingCentral · Electric

Outside & construction

RoofMembrane · Metal
ConstructionBlock · Stucco
FoundationSlab
ViewWater
FacesEast
ParkingCircular Driveway · Driveway · Garage Door Opener · Split Garage · Workshop in Garage
ExteriorIrrigation System · Outdoor Grill · Outdoor Kitchen · Outdoor Shower · Rain Gutters · Sliding Doors

Community & fees

Taxes (2025)$10,282/yr
PetsYes

Utilities & systems

UtilitiesCable Connected · Electricity Connected · Propane · Sewer Connected · Water Connected
WaterPublic

The numbers

What it really costs

Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.

$8,086 /mo · 10% down Conventional, 30-yr fixed at 6%

Principal & interest$6,610
PMI (est., until 20% equity)$459
Property tax — 2025 actual bill$857
Insurance (FL estimate)$160

The assumptions

Loan typeConventionalDown payment10% · $122,500Loan30-yr fixed at 6%Mortgage insuranceIncludedTaxesActual bill on recordInsuranceFlorida estimate

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

Andrew Acosta

Acosta Home Loans with PRMG · NMLS #1468866

Run your own numbers

Loan type

FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.

Down payment10% · $122,500
Interest rate6.00%
Loan term

Estimated payment

$8,086/mo

Principal & interest$6,610
PMI (est., until 20% equity)$459
Property taxes (actual bill)$857
Est. insurance$160

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 N/A

$174 vs $288

Days on market

44 vs 58 typical

Where $174/sqft sits among the 243 homes for sale in N/A

103 · this home
81
22
16
3
18
$135–269$269–403$403–537$537–671$671–805$805+

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 Alfred

Map of 775 S ILAKEE AVENUE

Drive times from this address

Walt Disney World37 min
Universal Orlando47 min
Downtown Orlando53 min
Orlando Int’l Airport (MCO)58 min
Downtown Tampa61 min
Tampa Int’l Airport (TPA)72 min

Estimated driving times, typical traffic. Data © OpenStreetMap contributors.

Get to know Lake Alfred. See the full Lake Alfred guide →

LAKE ALFRED 33850 — neighborhood snapshot

Population

9,825

Median age

43.5

Median income

$53,877

Median home value

$215,700

Avg household

2.49

Households w/ children

1,055

For the school run

Polk County School District

ElementaryWalter Caldwell Elementary School★★★★★
HighAuburndale Senior High School★★★★
MiddleLake Alfred Polytech Academy★★★★

School assignments and ratings via edgeAI — always verify with the district.

The numbers that matter

The Lake Alfred market

Seller’s marketBalanced5.8 months of inventoryBuyer’s market

$311K$337K

Lake Alfred median sold, yr/yr

98.4%

Sale-to-list ratio (12 mo)

108 of 243

N/A have cut their price

Median sold price, Lake Alfred, trailing 36 months (3-month rolling) · live MLS data.

This home is listed 276% above the LAKE ALFRED 33850 median. See the full Lake Alfred market guide →

Paper trail

This home's history

CurrentPrice reduced to $1,225,000 $25K
Jun 23, 2026Listed at $1,250,000 · 44 days on market since
1954Built · N/A

Reality check

What actually sold near 775 S ILAKEE AVENUE

Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.

5303 NW 73RD TERRACESold · Dec ’25

$3,721,000

5303 NW 73RD TERRACE · same community

5 bd · 5.5 ba · 6,930 sqft · $537/sqft · 0 DOM

2202 OLD TAVARES ROADSold · Dec ’25

$573,000

2202 OLD TAVARES ROAD · same community

4 bd · 4.5 ba · 3,337 sqft · $172/sqft · 109 DOM

4701 NE JACKSONVILLE ROADSold · Dec ’25

$950,000

4701 NE JACKSONVILLE ROAD · same community

5 bd · 4 ba · 3,320 sqft · $286/sqft · 130 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.

David Ramirez

Your agent

David Ramirez

Real Estate Agent · CENTURY 21 Edge

Tours, negotiation, and every question about 775 S ILAKEE AVENUE — start here.

Andrew Acosta

Your lender

Andrew Acosta

Acosta Home Loans with PRMG · NMLS #1468866

Pre-approval, rates, and the real monthly number for 775 S ILAKEE AVENUE — before you fall in love.

See it in person

Schedule a tour

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Straight answers

775 S ILAKEE AVENUE FAQs

What would the monthly payment be for 775 S ILAKEE AVENUE?+

With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $8,086/mo — principal and interest, the actual property-tax bill 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.

What are the property taxes on 775 S ILAKEE AVENUE?+

The most recent tax bill on record (2025) was $10,282. 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 775 S ILAKEE AVENUE?+

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 Alfred?+

At $1,225,000, this home is listed about 242% above the Lake Alfred median of $357,965. The market section on this page shows how the area is trending.

Which schools are assigned to 775 S ILAKEE AVENUE?+

Walter Caldwell Elementary School (elementary), Auburndale Senior High School (high), Lake Alfred Polytech Academy (middle) — Polk County School District. Always verify school assignments with the district before relying on them.

The brief

Three things that matter here

01Positioned at the premium end

$1,225,000 runs 276% above the LAKE ALFRED 33850 median — but at 7,035 sqft it's also nearly 4 times the size of the typical Lake Alfred listing.

02Waterfront living

This home sits directly on the water — the single scarcest feature in Florida inventory and the strongest long-term value anchor.

03The price has already moved

Listed at $1,250,000, now $1,225,000 — a $25K cut. The full history is in the market section below.

Listing courtesy of THE STONES REAL ESTATE FIRM · Michael Stone. MLS #L4961526.

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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