HWY 557, LAKE ALFRED, FL, 33850
Active1 days on marketListed Oct 18, 2026MLS #L4965768
About this home
HWY 557
Build your dream home and enjoy the lakefront lifestyle on this beautiful vacant homesite situated on just under 2 acres along Lake Eva with NO HOA! Offering an exceptional opportunity to create a custom residence tailored to your vision, this spacious property provides plenty of room for a stunning home, outdoor living spaces, and more. Imagine waking up to peaceful water views, enjoying evenings overlooking the lake, and embracing the privacy and space that come with a generously sized homesite. With no HOA, you'll have added flexibility to bring your vision to life. Whether you're dreaming of a private retreat or an impressive lakefront estate, this property offers the perfect canvas. Don't miss this rare opportunity to own nearly 2 acres of lakefront property on Lake Eva and build the home you've always dreamed of!
Facts & features
The home at a glance
1.83 ac
Lot size
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.
$1,523 /mo · 3.5% down FHA, 30-yr fixed at 6%
The assumptions
FHA is the default here because it gets you in the door with just 3.5% down. Switch to Conventional or VA below.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
Estimated payment
$1,523/mo
Includes FHA mortgage insurance and the financed 1.75% upfront premium. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Where it sits
Inside Lake Alfred
Drive times from this address
Estimated driving times, typical traffic. Data © OpenStreetMap contributors.
Get to know Lake Alfred. See the full Lake Alfred guide →
LAKE ALFRED 33850 — neighborhood snapshot
Population
9,825
Median age
43.5
Median income
$53,877
Median home value
$215,700
Avg household
2.49
Households w/ children
1,055
For the school run
Polk County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Lake Alfred market
$311K → $337K
Lake Alfred median sold, yr/yr
98.4%
Sale-to-list ratio (12 mo)
Median sold price, Lake Alfred, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 37% below the LAKE ALFRED 33850 median. See the full Lake Alfred market guide →
Paper trail
This home's history
Reality check
What actually sold near HWY 557
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Sep ’26$217,000
827 EVERETT STREET
3 bd · 1.5 ba · 1,000 sqft · $217/sqft · 64 DOM
Sold · Jan ’26$297,900
3817 CORSICAN PLACE
3 bd · 2 ba · 1,130 sqft · $264/sqft · 119 DOM
Sold · Apr ’26$259,900
3192 SEVILLE STREET
2 bd · 2 ba · 1,147 sqft · $227/sqft · 75 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
Seth Cabrera - Rothschild
Realtor · CENTURY 21 Edge
Tours, negotiation, and every question about HWY 557 — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for HWY 557 — before you fall in love.
See it in person
Schedule a tour
Live availability from Seth's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
HWY 557 FAQs
What would the monthly payment be for HWY 557?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $1,523/mo — principal and interest, the actual property-tax bill and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
What are the property taxes on HWY 557?+
The most recent tax bill on record (2025) was $411. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
How does the price compare to other homes in Lake Alfred?+
At $209,900, this home is listed about 42% below the Lake Alfred median of $359,900. The market section on this page shows how the area is trending.
Which schools are assigned to HWY 557?+
Lake Alfred Polytech Academy (middle), Lake Alfred Elementary School (elementary), Auburndale Senior High School (high) — Polk County School District. Always verify school assignments with the district before relying on them.
The brief
Three things that matter here
01Under the LAKE ALFRED 33850 market on paper
$209,900 is 37% below the LAKE ALFRED 33850 median of $334,990.
02Waterfront living
This home sits directly on the water — the single scarcest feature in Florida inventory and the strongest long-term value anchor.
03Fresh on the market
Only 1 day on market in a Lake Alfred market that averages 83 — if it fits, move quickly.
Keep looking
Similar homes nearby
Listing courtesy of BHHS FLORIDA PROPERTIES GROUP · John Hubbert, Jr. MLS #L4965768.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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