David Ramirez
$699,999$749,9004 bd3 ba3,269 sqft$214 /sqft$4,727 /mo all-in ↓

2731 STATE ROAD 557, LAKE ALFRED, FL, 33850

Active76 days on marketListed May 21, 2026MLS #L4962081

Reduced $50KWaterfrontSingle Family ResidenceLAKE GUM ESTATES

About this home

2731 STATE ROAD 557

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.

Facts & features

The home at a glance

4

Bedrooms

3

Bathrooms

3,269

Sqft

1.21 ac

Lot size

4

Garage

1978

Year built

Two

Levels

$214

Per sqft

WaterfrontFireplaceWater view

Inside

FlooringCarpet · Tile · Hardwood
AppliancesDishwasher · Range
InteriorCeiling Fan(s) · Eating Space In Kitchen · PrimaryBedroom Upstairs · Solid Surface Counters
LaundryInside
CoolingCentral Air
HeatingCentral

Outside & construction

RoofShingle
ConstructionBrick
FoundationSlab
ViewWater
FacesWest
ParkingCircular Driveway · Driveway · Garage Door Opener
ExteriorLighting · Private Mailbox

Community & fees

Taxes (2025)$6,325/yr

Utilities & systems

UtilitiesElectricity 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.

$4,727 /mo · 10% down Conventional, 30-yr fixed at 6%

Principal & interest$3,777
PMI (est., until 20% equity)$262
Property tax — 2025 actual bill$527
Insurance (FL estimate)$160

The assumptions

Loan typeConventionalDown payment10% · $70,000Loan30-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% · $70,000
Interest rate6.00%
Loan term

Estimated payment

$4,727/mo

Principal & interest$3,777
PMI (est., until 20% equity)$262
Property taxes (actual bill)$527
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 Lake Alfred actives

$214 vs $187

Days on market

76 vs 60 typical

Where $214/sqft sits among the 109 Lake Alfred actives

23
21
20
27 · this home
8
10
$131–154$154–177$177–200$200–223$223–246$246+

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 2731 STATE ROAD 557

Drive times from this address

Walt Disney World28 min
Universal Orlando38 min
Downtown Orlando44 min
Orlando Int’l Airport (MCO)49 min
Downtown Tampa55 min
Tampa Int’l Airport (TPA)66 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$349K

Lake Alfred median sold, yr/yr

98.4%

Sale-to-list ratio (12 mo)

41 of 109

Lake Alfred actives have cut their price

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

This home is listed 114% above the LAKE ALFRED 33850 median. See the full Lake Alfred market guide →

Paper trail

This home's history

CurrentPrice reduced to $699,999 $50K
May 21, 2026Listed at $749,900 · 76 days on market since
1978Built · LAKE GUM ESTATES

Reality check

What actually sold near 2731 STATE ROAD 557

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

2611 STATE ROAD 557Sold · Sep ’25

$568,905

2611 STATE ROAD 557 · same community

4 bd · 2.5 ba · 3,089 sqft · $184/sqft · 105 DOM

1896 BASENJI DRIVESold · Jul ’26

$425,000

1896 BASENJI DRIVE

4 bd · 3 ba · 2,752 sqft · $154/sqft · 171 DOM

1332 HANOVERIAN DRIVESold · Sep ’25

$372,990

1332 HANOVERIAN DRIVE

5 bd · 3 ba · 2,601 sqft · $143/sqft · 93 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 2731 STATE ROAD 557 — start here.

Andrew Acosta

Your lender

Andrew Acosta

Acosta Home Loans with PRMG · NMLS #1468866

Pre-approval, rates, and the real monthly number for 2731 STATE ROAD 557 — before you fall in love.

See it in person

Schedule a tour

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Straight answers

2731 STATE ROAD 557 FAQs

What would the monthly payment be for 2731 STATE ROAD 557?+

With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $4,727/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 2731 STATE ROAD 557?+

The most recent tax bill on record (2025) was $6,325. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.

How does the price compare to other homes in Lake Alfred?+

At $699,999, this home is listed about 95% above the Lake Alfred median of $359,440. The market section on this page shows how the area is trending.

Which schools are assigned to 2731 STATE ROAD 557?+

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

$699,999 runs 114% above the LAKE ALFRED 33850 median — but at 3,269 sqft it's also nearly twice 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 $749,900, now $699,999 — a $50K cut. The full history is in the market section below.

Listing courtesy of THE MARKET REALTY COMPANY · Vikki Thielen. MLS #L4962081.

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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