2653 State Road 557, Lake Alfred, FL, 33850
About This Home
OWNER FINANCING AVAILABLE! This stunning lakefront estate offers over 6,500 sq. ft. under air and a total of 7,995 sq. ft. of luxurious living space on one acre of pristine waterfront property. Designed for both comfort and elegance, this home features five spacious bedrooms, each with its own full bathroom, along with a total of seven baths throughout the residence. With three living rooms, an in-law suite, and three balconies showcasing breathtaking lake views, the layout is perfect for entertaining, multi-generational living, or a bed-and-breakfast/Airbnb investment. Inside, you’ll find exquisite engineered wood flooring throughout, a beautifully laid out and spacious kitchen with a walk-in pantry, and two master suites, each featuring jetted tubs for ultimate relaxation. Additional amenities include a private gym, a dedicated home office, and a brand-new roof for peace of mind. The home is equipped with four-zone air conditioning and two new water heaters, ensuring modern comfort year-round. Conveniently located just 20 miles from Disney, this property offers not only a luxurious lifestyle but also incredible investment potential. Don’t miss this rare opportunity to own a premier lakefront estate—schedule your showing today!
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1998
Materials
- Foundation: Block
- Roof: Shingle
- Construction materials: Vinyl Siding
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher,Range,Refrigerator
- Laundry features: Inside,Laundry Room
Bedrooms & Bathrooms
- Bedrooms: 6
- Bathrooms: 7
- Full bathrooms: 7
Features
- Ceiling Fan(s),Eating Space In Kitchen
- Flooring: Tile,Hardwood
Heating & Cooling
- Heating features: Central
- Cooling features: Central Air
Interior Area
- Total structure area: 7,995
- Total interior livable area: 6,500 sqft
Kitchen
- Level: First
Living Room
- Level: First
Primary Bedroom
- Features: Walk-In Closet(s)
- Level: First
Property
Details
- Parcel number: 262717000000041110
- Zoning: RC
- Special condition: None
Features
- Levels: Two
- Stories: 2
- Exterior features: Balcony
Lot
- Lot size: 0.84 Acres
Parking
- Total spaces: 2
- Parking features: Garage - Attached
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Strong Wind
- Hurricane
- Lightning
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters in Polk County and Florida
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $7,382 | $88,584 |
| Home Insurance * | $712 | $8,544 |
| Property Taxes | $888 | $10,656 |
| Electricity | $654 | $7,849 |
| Total | $9,636 | $115,632 |
Income You'd Need if You Spent...
Florida FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-02-09 | Listed for sale | $1,460,000 |
| 2026-01-01 | Listing removed | $1,460,000 |
| 2025-03-17 | Listed for sale | $1,460,000 |
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