The Sanford Group
Property Description
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. Currently operating as an income-producing asset, the property consists of 7 rental units, generating attractive income for the owner. Leases are flexible, allowing for income during the entitlement and planning phases.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 OR ASSISTED LIVING UNITS (subject to approvals). The site sits right on the corner where Seminola Blvd and Button Road intersect. Situated on Lake Kathryn, a breathtaking 74-acre, spring-fed, ski lake, the site offers a serene and picturesque setting for residential or senior living development. Public water and sewer available at the site. Walking distance of Publix, Target, emergency clinic, and Concord Park. Minutes to SunRail, I-4, and SR-417 for regional access.
Property Features
Feature Descriptions
Listed By / Shown By
Listed By
Agency Name: JOHN SADRI & COMPANY
Agency Contact: 407-619-9999
Shown By
Agent Name: The Sanford Group
Agent Phone: Cell: (904) 868-9651
Agency Title: Watson Realty Corp., REALTORS ®
Estimate Your Payment
Estimated Payment
$ 8,590.95 per month $6,992.12 Principal & Interest $1,175.92 Property Tax $422.92 Homeowner's InsuranceChange Payment Information
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417 Rain Lily Cove | MLS# O6363226
This land located at 417 Rain Lily Cove, Casselberry, FL 32707 is currently listed for sale with an asking price of $1,450,000. The property has approximately 2.17 Acres. Search Casselberry real estate on www.signwithsanford.com today.