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About this home
292 SW Old Cypress Way is a 2020-built home in Reserve/Jewel Lake Ph 1, Lake City. Inside you'll find 4 bedrooms, 3 bathrooms, and 4,250 square feet of living space. Listed at $675,000 (about $159/sqft), 261 days on market. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable. HOA runs $260 annually.
*** 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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The essentials
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Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.
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Sample: 27 closed home sales in 32024 over the last 8 months, Stellar MLS. A starting point, not a guarantee.
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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. HOA includes any condo dues reported on the listing. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.
Quick answers.
Price
$675,000
$159 per sq ft
Beds and baths
4 beds, 3 baths
Size
4,250 sq ft
Time on market
261 days
Year built
2020
Monthly payment
About $4,338/mo
That is 20% down on a 30-year fixed at 6.8%, plus the home's $5,506 annual tax bill, insurance, and the $260/yr HOA fee.
HOA fee
$260/yr
Managed by The Reserve at Jewel Lake HOA, Inc.-Aaron Rainbolt.
Flood zone
Zone X
That is outside the high-risk areas, so flood insurance is usually optional rather than required by a lender.
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