4742 Cypress Dr, Lake Wales, FL, 33898
About This Home
Enjoy true Florida waterfront living at 4742 Cypress Dr in Lake Wales. Available fully furnished. This home sits on a canal with direct access to Lake Pierce, a 3,700-acre Old Florida lake known for peaceful views and excellent bass and speck fishing. An updated seawall, covered dock with two boat slips, and quick access to the open lake make this a great spot for boating and relaxing by the water. The extra-large corner lot offers plenty of room for boats, RVs, or trailers, plus a rear concrete driveway backing directly to the canal and a storage shed for fishing gear, kayaks, and outdoor toys. Inside, the home features a bright Florida room with a new mini-split, an open living and dining area, and a kitchen with stainless steel appliances and breakfast bar. Recent updates include a new roof on the home and shed (2022) and a central A/C replaced in 2018. With a public boat ramp about a mile away, this home is perfect as a full-time residence, seasonal getaway, or weekend lake escape. Available fully furnished.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1976
Materials
- Foundation: Slab
- Roof: Shingle
- Construction materials: Block
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher,Microwave,Range,Refrigerator
- Laundry features: In Garage
Bathroom1
- Level: First
- Area: 36.972
- Dimensions: 5.2x7.11
Bedroom1
- Features: Built-in Closet
- Level: First
- Area: 141.45
- Dimensions: 12.3x11.5
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Dining Room
- Level: First
- Area: 112.52
- Dimensions: 9.7x11.6
Features
- Ceiling Fan(s),Thermostat
- Window features: Window Treatments
- Flooring: Carpet,Luxury Vinyl
Heating & Cooling
- Heating features: Central
- Cooling features: Central Air,Ductless
Interior Area
- Total structure area: 1,700
- Total interior livable area: 1,364 sqft
Kitchen
- Level: First
- Area: 133.4
- Dimensions: 11.5x11.6
Living Room
- Level: First
- Area: 282.72
- Dimensions: 18.6x15.2
Primary Bedroom
- Features: Built-in Closet
- Level: First
- Area: 189.08
- Dimensions: 16.3x11.6
Property
Details
- Parcel number: 282908936670000220
- Zoning: R-1
- Special condition: None
Features
- Levels: One
- Stories: 1
- Exterior features: Lighting,Other
- Has view: Yes
- View description: Canal
- Has water view: Yes
- Water view: Canal
- On waterfront: Yes
- Waterfront features: Canal - Freshwater,Freshwater Canal Access,Seawall
Lot
- Lot size: 0.30 Acres
- Lot size dimensions: 88 x 125
Parking
- Total spaces: 1
- Parking features: Garage - Attached
- Has garage: Yes
- Attached garage spaces: 1
- Covered spaces: 1
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
- Cold Wave
- Inland Flooding
- Tornado
- 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 | $1,339 | $16,068 |
| Home Insurance * | $300 | $3,600 |
| Property Taxes | $293 | $3,516 |
| Electricity | $197 | $2,366 |
| Total | $2,129 | $25,548 |
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)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-21 | Price change | $270,000 |
| 2026-03-17 | Price change | $275,000 |
| 2026-02-19 | Price change | $280,000 |
| 2026-01-30 | Listed for sale | $300,000 |
| 2024-10-12 | Listing removed | $254,900 |
| 2023-10-12 | Listing removed | -- |
| 2021-10-14 | Sold | $240,000 |
| 2021-09-22 | Pending sale | $254,900 |
| 2021-09-17 | Price change | $254,900 |
| 2021-09-12 | Listed for sale | $259,900 |
| 2017-07-28 | Sold | $131,800 |
| 2017-06-14 | Price change | $132,500 |
| 2017-05-29 | Price change | $135,500 |
| 2017-05-12 | Listed for sale | $137,500 |
| 2016-12-09 | Listing removed | $120,000 |
| 2016-11-15 | Pending sale | $120,000 |
| 2016-11-14 | Listed for sale | $120,000 |
| 2016-01-26 | Listing removed | $135,000 |
| 2015-10-19 | Listed for sale | $135,000 |
| 1995-11-28 | Sold | $61,500 |
For Sale by Agent
View on Zillow