About this property
Rare Lakefront Redevelopment Site | Potential for ±50 units | Minutes from Winter Park & Maitland!
A rare and exceptional opportunity to acquire over 2 acres of prime lakefront land, with the potential to annex an additional ±4.6 acres from the City—opening the door to a truly expansive and visionary development.
The property is zoned Planned Residential District (PRD) with a future land use designation of Medium Density Residential (MDR), supporting a variety of residential concepts. Early planning shows potential for developing ±50 TOWNHOMES & ASSISTED LIVING UNITS (subject to approvals). The site sits right on the corner where Seminola Blvd and Button Road intersect with a frontage of 249 FT.
Situated on Lake Kathryn, a breathtaking 74-acre, spring-fed, ski lake, the site offers a serene and picturesque setting for recreational activities including fishing, boating and skiing making it a highly desirable location for future residents.
Currently operating as an income-producing asset, the property consists of 7 rental units, generating ATTRACTIVE INCOME. Leases are flexible, allowing for income during the entitlement and planning phases.
Important Note:
Tenants currently occupy the property. Please do not walk the site without scheduling a tour.
Property details
- Property Type
- Land
- Building Type
- Freestanding
- Land Size
- 2.17 acres
- Sewer
- Yes
- Water
- Yes
- Zoning
- PRD
- Electric
- Yes
Location
- Address
-
417 Rain Lily Cove
Casselberry, Florida 32707