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Last updated on April 10th, 2026

Lakefront Redevelopment Opportunity

417 Rain Lily Cove, Casselberry, Florida 32707


Land Size2.17 Acres
ZoningPRD
WaterYes
SewerYes
ElectricYes

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.


The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.

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