2731 STATE ROAD 557
LAKE ALFRED, FL 33850
About this home
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
Interior
- Bedrooms
- 4
- Bathrooms
- 3
- Living area
- 3,269 sqft
- Heating
- Central
- Cooling
- Central Air
- Flooring
- Carpet, Tile, Wood
- Fireplace
- Yes
- Stories
- 2
- Features
- Ceiling Fans(s), Eat-in Kitchen, PrimaryBedroom Upstairs, Solid Surface Counters
- Appliances
- Dishwasher, Range
Exterior & lot
- Lot size
- 52,825 sqft (1.21 ac)
- Waterfront
- Yes
- Roof
- Shingle
- Construction
- Brick
- Exterior
- Lighting, Private Mailbox
Parking
- Garage
- 4 spaces
Financial
- Annual tax
- $6,325 (2025)
- Price / sqft
- $214/sqft
Utilities
- Water
- Public
- Sewer
- Septic Tank
- Utilities
- Electricity Connected
Property
- Property type
- Single Family
- Year built
- 1978
- Subdivision
- LAKE GUM ESTATES
- County
- Polk
Listing
- Status
- Active
- Days on market
- 69 days
- MLS #
- MFR791224264
- Source
- Stellar MLS
Listed by Vikki Thielen · THE MARKET REALTY COMPANY
Listing data provided by Stellar MLS. Information deemed reliable but not guaranteed.
Sample estimate — not an appraisal
Based on 12 comparable sales within 4 miles of LAKE ALFRED, FL, this home is priced over RENA ValiQ.
Reference only. Estimates blend public sale comps, neighbourhood trend and the listing’s own metrics. Final price moves on diligence, terms and timing — RENA is your second read, not your agent.
Estimate your monthly cost
PITI + HOA- Principal & interest
- $3,726/mo
- Property tax
- $525/mo
- Home insurance
- $200/mo
Tax, insurance and HOA are editable estimates with Florida-typical defaults — Florida homeowners insurance in particular varies widely by location and elevation. Confirm exact figures with a lender and insurer.
Ask about this property
Answered from this listing’s own figures and the sales around it.
Price history
From the property’s MLS record.
| Date | Event | Price | Change |
|---|---|---|---|
| Jul 30, 2026 | Price reduced | $699,999 | −$49,901 |
| May 21, 2026 | Listed | $749,900 | — |
NeighbourhoodSample data
Reference scores for LAKE ALFRED, FL. Schools, mobility and amenities feed live data once the dedicated provider connection lands.
Location
Frequently asked questions
What would 2731 STATE ROAD 557, LAKE ALFRED cost per month?
About $4,417 a month: $3,540 principal and interest, $527 property tax, $350 insurance. That assumes 20% down at 6.5% over 30 years.
Is 2731 STATE ROAD 557, LAKE ALFRED priced fairly?
Comparable sales nearby put it between $494,028 and $568,398, with $531,213 in the middle. That is from 8 properties of the same type and size within three miles, at a median of $163 a square foot.
How does 2731 STATE ROAD 557, LAKE ALFRED compare to nearby homes?
8 comparable properties within three miles. The nearest: 465 WATERFORD DRIVE, LAKE ALFRED, FL at $369,500, 2,624 sq ft, 0.31 miles away; 3384 CHINOTTO DRIVE, LAKE ALFRED, FL at $460,900, 2,194 sq ft, 0.58 miles away; 1066 SILVERLAKE BOULEVARD, LAKE ALFRED, FL at $395,000, 2,622 sq ft, 0.58 miles away.
How long has 2731 STATE ROAD 557, LAKE ALFRED been on the market?
69 days on the market.
Has the price of 2731 STATE ROAD 557, LAKE ALFRED changed?
It has gone down from $749,900 to $699,999, a change of -6.7%.
How big is 2731 STATE ROAD 557, LAKE ALFRED?
4 bed, 3 bath, 3,269 square feet. That is $214 a square foot.
What year was 2731 STATE ROAD 557, LAKE ALFRED built?
Built in 1978.
What is the HOA fee at 2731 STATE ROAD 557, LAKE ALFRED?
The feed lists no association fee for this property.
What are the property taxes at 2731 STATE ROAD 557, LAKE ALFRED?
Property tax works out to about $527 a month, $6,325 a year.
Is 2731 STATE ROAD 557, LAKE ALFRED still available?
It is still on the market.
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