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4742 CYPRESS DRIVE

House For Sale
$270,000

BTC: 4.21875000

ETH: 154.63917526

-$30K (2026/04/21)
124 days
Waterfront
2 bds
1 ba
1,364 sqft

Overview

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.

Location

Florida • LAKE WALES • 33898 • House • For Sale • Waterfront

Details

Type:
Residential
Parking:
No Data
Year Built:
1976
Lot:
0.30 Acres
Heating:
Central
Price/sqft:
$198
Cooling:
Central Air / Mini-Split Unit(s)
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$255,000
$238K – $284K
Confidence Medium
List vs. estimate
$15K above estimate
List $270,000 · +5.9%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$197
+9.2% vs. city median $181
Based on
9 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$3,373
2025
Waterfront
Canal - Freshwater
Garage
1 car garage
Furnished
Negotiable
All facts and features

  • Flooring

    • Carpet

    • Luxury Vinyl

    Heating

    • Central

    Cooling

    • Central Air

    • Mini-Split Unit(s)

    Appliances

    • Dishwasher

    • Microwave

    • Range

    • Refrigerator

    Other interior features

    • Ceiling Fan(s)

    • Thermostat

    • Window Treatments

    Bedrooms and bathrooms

    • Bedrooms: 2

    • Full bathrooms: 1

  • Property

    • Levels: One

    • Exterior Features: Lighting / Other

    Lot

    • Lot: 0.30 Acres

    Other Property Information

    • Parcel Number: 282908936670000220

    • Zoning: R-1

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Single Family Residence

  • Utility

    • Cable Available

    • Electricity Connected

    • Sewer Connected

    • Water Connected

  • Other financial information

    • Annual tax amount: $3,373

  • Source details

    • MLS ID: L4959042

    Other facts

    • Construction Materials: Block

    • Foundation Details: Slab

    • Laundry Features: In Garage

    • Direction Faces: East

    • Waterfront: Yes

    • Garage Spaces: 1

    • Attached Garage: Yes

    • Garage: Yes

    • Living Area: 1364

    • Water Source: Public

    • Lot Size Dimensions: 88 x 125

    • Subdivision Name: PALM ACRES SUB

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Market around this address

Live counts in the same area.
View all
This zip
33898
418
median $149K
Active
Same city
LAKE WALES
693
median $199K
Active
Same type
House
259
median $299K
Active
Similar price
$189K – $351K
245
median $261K
Active

The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: KELLER WILLIAMS REALTY SMART 1