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.
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.
Property Details
Price:
$265,000
MLS #:
L4959042
Status:
Active
Beds:
2
Baths:
1
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
PALM ACRES SUB
Neighborhood:
33898lakewales
Listed Date:
Jan 30, 2026
Finished Sq Ft:
1,364
Total Sq Ft:
1,700
Lot Size:
12,998 sqft / 0.30 acres (approx)
Year Built:
1976
See this Listing
Schools
Interior
Appliances
Dishwasher, Microwave, Range, Refrigerator
Bathrooms
1 Full Bathroom
Cooling
Central Air, Mini-Split Unit(s)
Flooring
Carpet, Luxury Vinyl
Heating
Central
Interior Features
Ceiling Fan(s), Thermostat, Window Treatments
Laundry Features
In Garage
Levels
One
Exterior
Attached Garage YN
1
Construction Materials
Block
Covered Spaces
1
Direction Faces
East
Exterior Features
Lighting, Other
Garage Spaces
1
Roof
Shingle
Waterfront Features
Canal – Freshwater
Financial
Tax Year
2025
Taxes
$3,373
Map
Community
- Address4742 CYPRESS DRIVE LAKE WALES FL
- SubdivisionPALM ACRES SUB
- CityLAKE WALES
- CountyPolk
- Zip Code33898
Subdivisions in LAKE WALES
Market Summary
Current real estate data for Single Family in LAKE WALES as of Aug 29, 2026
300
Single Family Listed
127
Avg DOM
200
Avg $ / SqFt
$347,034
Avg List Price
Property Summary
- Located in the PALM ACRES SUB subdivision, 4742 CYPRESS DRIVE LAKE WALES FL is a Single Family for sale in LAKE WALES, FL, 33898. It is listed for $265,000 and features 2 beds, 1 baths, and has approximately 1,364 square feet of living space, and was originally constructed in 1976. The current price per square foot is $194. The average price per square foot for Single Family listings in LAKE WALES is $200. The average listing price for Single Family in LAKE WALES is $347,034. To schedule a showing of MLS#l4959042 at 4742 CYPRESS DRIVE in LAKE WALES, FL, contact your InvestPro Properties, Inc. agent at 561-203-7022.
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Courtesy of KELLER WILLIAMS REALTY SMART 1. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Orlando/Tampa – FL. Detailed information about real estate listings held by brokerage firms other than InvestPro Properties, Inc. include the name of the listing broker. Neither the listing company nor InvestPro Properties, Inc. shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. Orlando/Tampa – FL. All rights reserved. 4742 CYPRESS DRIVE
LAKE WALES, FL