$1,250,000
775 Ilakee Avenue
Lake Alfred, FL 33850
Listing updated: June 23, 2026 at 4:53 PM ET
Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Garage spaces
Flood zone
About this home
Hidden at the end of a quiet street along the tranquil shores of Lake Cummings, this extraordinary legacy estate offers over 7,000 square feet of sprawling lakefront living, more than 9,800 sqft under roof, 1200 sqft of garage space and over 1 acre of private land with breathtaking western sunset views. Designed with generations in mind, the thoughtfully crafted floor plan offers expansive gathering spaces while maintaining the comfort and privacy of everyday living. A spectacular formal living room showcases an impressive wall of windows framing panoramic views of the lake, filling the home with natural light and unforgettable sunsets. The oversized kitchen was designed to be the heart of the home with abundant storage, prep and serving space, a full size refrigerator and freezer, ice maker, making it ideal for both intimate family dinners and large celebrations. The private primary suite is a true retreat featuring tranquil lake views, dressing area, dual walk-in closets, and a spa-inspired bath complete with dual vanities and an oversized sunken walk-in shower. Four additional guest bedrooms provide exceptional accommodations for family and overnight guests. One of the estate's most unique features is the celebration/pool room with stunning tongue and groove walls, an upper loft, bedroom, bathroom, kitchen and laundry, expanding the home's living area while creating an entertainment venue perfect for hosting parties, poker nights, football watch parties, holiday gatherings or garden parties—all while the main residence remains a peaceful retreat. This incredible space offers endless possibilities and was designed to create lifelong memories. Step outside and discover your own private resort. The enormous covered lanai is more than a patio—it's an outdoor living pavilion featuring soaring wood ceilings, a commercial-style outdoor kitchen with built-in grill, expansive dining and lounge areas, and effortless access to the spectacular screened pool and spa. Garden enthusiasts will fall in love with the dedicated screened potting and garden area, providing the perfect environment to grow vegetables, herbs, flowers year-round while enjoying peaceful views of the lake. Whether your passion is gardening, entertaining, or simply relaxing outdoors, every inch of this property has been thoughtfully designed to celebrate the Florida lifestyle. For lake lovers, Lake Cummings offers boating, fishing and even seaplane accessibility, making every day feel like a vacation. With nearly one acre of land, there is plenty of room to enjoy the outdoors while still maintaining exceptional privacy. Additional highlights include over 1200 sqft of garage/storage space, potting area, circular driveway, whole-house Generac generator, abundant storage throughout, and the freedom of no HOA. Located in the charming town of Lake Alfred, you'll enjoy the warmth of small-town living while remaining just 15 minutes from Interstate 4, placing both Tampa and Orlando, major airports, world-class attractions, shopping, dining, and healthcare within easy reach. This is more than a luxury lakefront home—it's a private destination where holidays become traditions, sunsets become nightly events, and every gathering becomes a cherished memory.
Local Insight
At $178/sqft for a 1954 waterfront home on 1.91 acres with an in-law suite and pool, you're getting substantial land and flexibility for that price point—but the age and condition of the structure matter heavily here, and you'll want a thorough inspection since older waterfront homes in central Florida often carry hidden foundation or water damage costs. The real trade-off is location: you're in a quiet, non-gated part of Lake Alfred away from the resort-style Water Ridge community, so you're buying acreage and privacy rather than amenities, which appeals to different buyers than those seeking HOA perks or active community infrastructure.
AI-generated insight based on listing data and neighborhood context. Verify independently.
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history0 days on market
- Status: ActiveJun 23, 2026
- Listed$1,250,000Jun 23, 2026
- Price increased$1,250,000
Facts & features
- Property type
- Residential
- Sub type
- Single Family Residence
- Status
- Active
- Days on market
- 0
- Subdivision
- N/A
- County
- Polk
- Year built
- 1954
- Living area
- 7,035 sq ft
- Price/sq ft
- $178
- Building area
- 9,855 sq ft (Public Records)
- Lot size
- 83,300 sq ft
- Lot category
- 1 to less than 2
- Flood zone
- X (12105C0355G)
- Garage
- 4 spaces
- Pool
- Private pool
- Annual taxes
- $10,282 (2025)
- Parcel #
- 26-27-32-000000-044050
- Zoning
- R-1A
- MLS #
- L4961526
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Interior Details
- Bedrooms
- 6
- Full bathrooms
- 5
- Half bathrooms
- 3
- Flooring
- Carpet, Ceramic Tile, Laminate
- Appliances
- Built-In Oven, Dishwasher, Dryer, Electric Water Heater, Ice Maker, Range, Refrigerator, Washer
- Interior features
- Ceiling Fans(s), Primary Bedroom Main Floor, Split Bedroom, Walk-In Closet(s)
- Laundry
- Inside, Laundry Room
- Stories / Levels
- One
- Direction faces
- East
- In-law suite
- Yes
Heating & Cooling
- Heating
- Central, Electric
- Cooling
- Central Air
Parking
- Garage spaces
- 4
- Attached garage
- Yes
- Parking features
- Circular Driveway, Driveway, Garage Door Opener, Garage, Workshop in Garage
HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
- CDD
- No
- Homestead exemption
- Yes
- Min lease term
- 6 Months
- Listing terms
- Cash, Conventional
- Ownership
- Fee Simple
- Available for lease
- Yes
- Lease restrictions
- Yes
- Additional lease restrictions
- Must contact the City of Lake Alfred to confirm all pet rules and restrictions.
Exterior & Construction
- Exterior features
- Outdoor Grill, Outdoor Kitchen, Outdoor Shower, Rain Gutters, Sliding Doors
- Construction materials
- Block, Stucco
- Roof
- Membrane, Metal
- Foundation
- Slab
- Pool
- Private pool
- Waterfront
- Yes
- Water access
- Yes
- Water view
- Yes
- Road surface
- Paved
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- Cable Connected, Electricity Connected, Propane, Sewer Connected, Water Connected
Community
- Pets allowed
- Yes
Schools
Letter grades: Florida DOE 2024–25 school grades (Orange, Seminole, Lake, Osceola, Brevard). Assigned schools from the listing agent — verify enrollment with the district.
Room Details
| Room | Level | Dimensions |
|---|---|---|
| Family Room | First | 19x28 |
| Living Room | First | 15x31 |
| Dining Room | First | 15x21 |
| Kitchen | First | 22x29 |
| Office | First | 15x19 |
| Bonus Room | First | 20x25 |
| Primary Bedroom | First | 15x18 |
| Primary Bathroom | First | 10x10 |
| Bedroom 2 | First | 12x25 |
| Bathroom 2 | First | 7x7 |
| Bedroom 3 | First | 12x15 |
| Bathroom 3 | First | 6x10 |
| Bedroom 4 | First | 10x12 |
| Bedroom 5 | First | 10x13 |
| Bathroom 4 | First | 9x12 |
Listing Details
- Listing date
- 2026-06-23
- On market date
- 2026-06-23
- Original list price
- $1,250,000
- Occupant type
- Vacant
- MLS area
- 33850 - Lake Alfred
- Listing AOR
- Lakeland
- Status changed
- 2026-06-23
- Tax legal description
- BEG SW COR OF SEC RUN E 611.70 FT TO POINT ON CURVE NWLY ALONG CURVE 170.30 FT S 80 DEG 51 MIN 50 SEC W 602.98 FT S 73.55 FT TO POB & SLY 15 FT OF FOLL DESC PCL: BEG AT SW COR OF SEC RUN E 611.7 FT TO PT 14.55 FT N OF PT OF CURVE WITH RADIUS 969.94 F T NWLY ALONG CURVE IN R/W 170.3 FT TO POB CONT NWLY ALONG CURVE 161.4 FT S 68 DEG 06 MIN 15 SEC W 130.61 FT S 81 DEG 30 MIN 20 SEC W 436.32 FT TO W LINE OF SEC AT A POINT 207.78 FT N OF SW COR OF SEC S 138.07 FT N 80 DEG 51 MIN 50 SEC E 602.98 FT TO POB
Flood risk
Minimal-risk area outside the mapped floodplain. Flood insurance is optional and typically low-cost.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
Directions
Take Hwy 27 to Hwy 17-92 - Hwy 17-92 west to Lake Alfred - Right on W Cummings - Left on S Ilakee Ave - Home is at the end on your right
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Listings courtesy of Stellar MLS as distributed by MLS GRID
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.
Based on information submitted to the MLS GRID as of June 23, 2026 at 4:53 PM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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