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$275,000

  • For Sale
  • Active
  • Single Family
  • 2 Beds
  • 1 Full Bath
  • 1,364 Sq. Ft.
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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.

Full Property Details for 4742 Cypress Dr

General

  • Price: $275,000
  • Taxes: $3,373 (2025)
  • Status: Active
  • Type: Single Family
  • Source: MidFloridaRegionalMLS
  • MLS ID: L4959042
  • Updated: 3/17/2026
  • Added to Site: 67 day(s) ago

Rental Information

  • Min. Lease: No Minimum

Interior

  • Number of Rooms: 6
  • Interior Features: Ceiling Fan(s), Thermostat, Window Treatments
  • Appliances: Dishwasher, Microwave, Range, Refrigerator
  • Furnishings: Negotiable
  • Flooring: Carpet, Luxury Vinyl

Rooms

Bathrooms

  • Total Bathrooms: 1
  • Full Bathrooms: 1

Bedrooms

  • Total Bedrooms: 2

Other Rooms

  • Laundry: In Garage

Exterior

  • Exterior Features: Lighting, Other

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Spaces: 1
  • Covered Spaces: 1

Location

  • Area: 33898 - Lake Wales
  • County: Polk
  • Development Name: 33898 - Lake Wales
  • Subdivision: PALM ACRES SUB
  • Driving Directions: hwy 27s, turn left onot Chalet Suzanne rd, 5.2mi turn left onto Timberlane rd, .6 miles turn right onto palm acres ave, .2 miles turn left onto cypress dr, home is on your left
  • Direction Faces: East

Community

  • Community Name: 33898 - Lake Wales

Heating & Cooling

  • Cooling Type: Central Air, Mini-Split Unit(s)
  • Heating Type: Central

Utilities

  • Sewer: Septic Tank
  • Water: Public
  • Utility Description: Cable TV Available, Electricity Connected, Sewer Connected, Water Connected

Structural Information

  • Exterior Const.: Block
  • Roof: Shingle
  • Stories/Levels: One
  • Square Feet: 1,364
  • Sq. Ft. Source: Public Records
  • Year Built: 1976

Lot Features

  • Lot Size (Acres): 0.3
  • Lot Size (Sq. Ft.): 12,998
  • Lot Size: 12998
  • Lot Dimensions: 88 x 125
  • Street/Road Desc.: Paved

Water Features

  • Water Front: Yes
  • Water Access: Yes
  • Water Access Desc: Canal - Freshwater
  • Water Extras: Yes
  • Water Front Desc.: Freshwater Canal

Financial Considerations

  • Tax Amount: $3,373.02
  • Tax Year: 2025

Disclosures and Reports

  • Ownership: Fee Simple
  • Special Conditions: None
  • Legal Description: PALM ACRES SUB PB 41 PG 18 LOT 22 & E 25 FT OF S 40 FT OF LOT 23
  • Flood Zone Info: X
  • APN: 282908936670000220
  • Property ID: 282908936670000220

Listed by Keller Williams Realty Smart 1

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— 4742 Cypress Dr —

  • Keller Williams Realty Smart 1

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 4742 Cypress Dr

School District:Polk County School District
NameGradesDistance
Sandhill Elementary School
1801 Tyner Road, Haines City, FL 33844
PK-55.3 mi
Mclaughlin Middle School And Fine Arts Academy
800 South 4th Street, Lake Wales, FL 33853
6-86.2 mi
Winter Haven Senior High School
600 6th Street Southeast, Winter Haven, FL 33880
9-1211.3 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 4742 Cypress Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/17/2026
Price Reduced
$275,000
-1.79%
MLS
2/19/2026
Price Reduced
$280,000
-6.67%
MLS
1/30/2026
Listed
$300,000
25%
MLS
10/11/2021
Sold
$240,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 4742 Cypress Dr

Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,613
-22%
$201,369
-3%
2024
$3,331
6%
$207,699
-2%
2023
$3,149
35%
$212,276
57%
2021
$2,339
-17%
$135,454
-24%
2022
$2,819
21%
$177,641
35%
2021
$2,339
7%
$131,263
7%
2019
$2,183
39%
$122,910
7%
2017
$1,571
—
$114,596
41%
2017
$1,571
10%
$81,533
12%
2016
$1,431
-12%
$72,633
-6%
2015
$1,623
15%
$77,251
10%
2014
$1,409
7%
$70,228
10%
2013
$1,323
—
$63,844
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Keller Williams Realty Smart 1

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4742 Cypress Drive, Lake Wales, FL 33898 (MLS# L4959042) is a Single Family property with 2 bedrooms and 1 full bathroom. 4742 Cypress Drive is currently listed for $275,000 and was received on January 30, 2026. Want to learn more about 4742 Cypress Drive? Do you have questions about finding other Single Family real estate for sale in Lake Wales? You can browse all Lake Wales real estate or contact a Coldwell Banker agent to request more information.

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