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Property for sale at 292 SW OLD CYPRESS WAY, LAKE CITY, FL, 32024
Property for sale at 292 SW OLD CYPRESS WAY, LAKE CITY, FL, 32024
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292 SW Old Cypress WayLake City, FL, 32024

4beds
3baths
4,250sqft
Single Family Residence
Built in 2020
$260 Annually HOA Fee
$675,000
For sale
$950,000−$275,000 (29%)
Price per sqft
$159
Days on market
268
Listed
Jan 27
Last reduction
−$50,000
Sep 21, 2026
MLS #G5107286Updated Oct 8, 2026

About this property

*** VIEW OUR VIRTUAL VIDEO TOUR*** An extraordinary opportunity awaits at The Reserve at Jewel Lake, where luxury, privacy, and natural beauty converge. HUGE. ADDITIONAL LOT. This remarkable offering includes not only a stunning home BUT an additional buildable parcel—an exceptionally rare find.

$10,000 BUYER INCENTIVE! SELLER IS OFFERING UP TO $10,000 TOWARD A MORTGAGE INTEREST RATE BUYDOWN WITH AN ACCEPTABLE OFFER. HELPING MAKE YOUR NEW HOME MORE AFFORDABLE. SUBJECT TO LENDER APPROVAL, LOAN PROGRAM GUIDELINES, AND ALLOWABLE SELLER CONTRIBUTION LIMITS.

This beautifully designed three-story, four-bedroom, three-bathroom residence welcomes you with a light-filled, open-concept floor plan that seamlessly blends the living room, kitchen, dining area, reading nook, and butler’s pantry. Expansive windows frame breathtaking lake views, creating a serene backdrop that is entirely yours to enjoy.

The kitchen is both stylish and functional, featuring elegant granite countertops, modern glass-front cabinetry, and stainless steel appliances—perfect for entertaining or everyday living. Luxury Vinyl Plank flooring flows throughout the home, enhancing its elegant yet comfortable feel.

The primary suite is a true retreat, complete with a Safestep jacuzzi walk-in tub, walk-in shower, dual vanity with granite countertops, and a spacious walk-in closet. Step outside from the living area onto the screened-in patio and take in the peaceful waterfront views—an ideal setting for morning coffee or evening relaxation.

Upstairs, a versatile studio-style space offers endless possibilities as a bedroom, game room, or creative retreat and is already plumbed for an additional bathroom. The lower level is an entertainer’s dream, featuring a built-in bookshelf system, wet bar with Leatherized granite adorning the top, and an impressively large storage or craft room.

Outdoor living shines just as brightly. A screened-in patio leads to a beautifully fenced backyard with a dedicated fire pit pad and picturesque lake views beyond. The garage and porches are finished with durable, eye-catching Shark Coating epoxy flooring, and a storage shed provides added convenience. A whole-house Generac generator ensures peace of mind year-round.

Completing this exceptional property is the included buildable parcel to the left, offering additional space and endless potential for expansion or outdoor enjoyment.

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Property details

Property type
Single Family Residence
Street address
292 SW Old Cypress Way
City
Lake City
State
FL
ZIP code
32024
Year built
2020
New construction
No
Faces
East
Rooms
3
Living area
4,250 sqft
Total building area
4,771 sqft
Levels
Three Or More

Stellar MLSThe data relating to real estate displayed on this website comes in part from the Internet Data Exchange (IDX) Program of Stellar MLS. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; the availability of any listing should always be independently verified. Listing information is provided for consumers' personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law.Stellar (MFR) data last updated at October 20, 2026 at 8:01 AM EDT

Price & sale history

Asking price reduced by $275,000 (28.9%) since first listed.

EventPrice
Price reducedMLS #G5107286$675,000Change: −28.9%−$275,000
Listed for saleMLS #G5107286$950,000
History may be incomplete.
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Location

Property for sale at 292 SW OLD CYPRESS WAY, LAKE CITY, FL, 32024
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