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Overview

4 bd3 ba4,250 sqft2 car garageSingle Family
TypeSingle Family
HOA$260/yr
Built2020
Lot23,958 sqft
Living area4,250 sqft
Price / sqft$159
Garage2 car

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Pricing, comps, HOA, the neighborhood. Answers before you fill out anything.

About this home

Built-in FeaturesCeiling Fans(s)Chair RailCrown MoldingEat-in KitchenKitchen/Family Room ComboOpen FloorplanStone Counters

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.

From the listing

*** 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

Built
2020
Price / sqft
$159
On market
261 days
Annual tax
$5,506
HOA
$260/yr
Flood zone
X · Low risk
Lot
23,958 sqft
Type
Single Family Residence

At a glance

Single family
Built 2020
Water views
Water
2 car garage
0.55 acres
Lot size
4,250 sqft
Living area

Payment

Est. monthly payment
$4,338/mo
Down payment (20%)
$135,000
Property taxes
$459/mo
HOA
$260/yr
Rate assumed
6.8% · 30 yr
View full breakdown

Details

Type
Single Family Residence
Year Built
2020
Lot
23,958 sqft
Cooling
Central Air
Heating
Central
Parking
-
Days on Market
261
Built-in Features
Ceiling Fans(s)
Chair Rail
Crown Molding
Eat-in Kitchen
Kitchen/Family Room Combo
Open Floorplan
Stone Counters
Walk-in Closet(s)
Wet Bar
Window Treatments
Balcony
Storage
Dishwasher
Dryer
Microwave
Range
Refrigerator
Washer
Homestead exemption on file Flood Zone X
Annual Tax (2025)
$5,506
Parcel #
04-4S-16-02439-127

Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.

Subdivision
Reserve/Jewel Lake Ph 1
County
Columbia
MLS Area
32024 - Lake City
Lot Size
23,958 sqft
ClearedCul-De-SacOversized Lot
HOA
$260/yr
The Reserve at Jewel Lake HOA, Inc.-Aaron Rainbolt

Price history

Date
Event
Price
9/21/2026
Price change
Source: Stellar MLS #G5107286
$675,000-6.9%
$159/sqft
-
Price change
Source: Stellar MLS #G5107286
$725,000-23.7%
$171/sqft
1/26/2026
Listed for sale
Source: Stellar MLS #G5107286
$950,000
$224/sqft

Neighborhood

292 SW Old Cypress Way
Lake City, FL, 32024 · 32024 - Lake City

Market insights

Offer Insights

Choose an offer strength

List price: $675,000
$645,000 – $675,000
95.9% – 100% of listTops out right at the list price
80% of listList price
14 of the last 27 home closings in 32024 landed at this number or higher (52%). The median one sat 49 days before it went under contract, and this one is on day 261 after a $275,000 cut.

Sample: 27 closed home sales in 32024 over the last 8 months, Stellar MLS. A starting point, not a guarantee.

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Calculator

Est. monthly payment
$4,339/mo
Principal & interest$3,520
Property taxes$459
Insurance$338
HOA$22
Down payment20% · $135,000
Interest rate6.80%
Loan term

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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.

Offer

What should I offer?

Have another question?

Brokered byREALTY EXECUTIVES IN THE VILLAGESListing agent: Charmaine AdamsListing data from Stellar MLS, MLS# G5107286.

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