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Justin King

justin@yrealtyinc.com +1(423) 741-8842

$ 7,500,000

Est. payment | -/mo

305.77 Acres Lot

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$ 7,500,000

Est. payment | -/mo

Save

305.77 Acres Lot

Key Details

Property Type Vacant Land

Sub Type Agricultural

Listing Status Active

Purchase Type For Sale

MLS Listing ID L4958007

HOA Y/N No

Annual Tax Amount $1,244

Lot Size 305.770 Acres

Acres 305.77

Lot Dimensions irr

Property Sub-Type Agricultural

Source Stellar MLS

Property Description

The St Rd 557 Lake Alfred property (Parcel ID: 262708000000012010) spans 305 acres, with approximately 92 acres of developable land, and is strategically located just 45 minutes (39.6 miles) from Orlando International Airport and 38 minutes (27.3 miles) from Walt Disney World. Currently zoned for agriculture at one dwelling unit per five acres, the site yields about 20 lots, but its contiguity to the City of Lake Alfred offers a strong opportunity for annexation, unlocking access to city water and sewer and enabling rezoning to a much higher density. With a Village Residential designation allowing four units per acre, the property has a projected yield of roughly 408 units. Directly across SR 557, Meritage Homes' Silver Lakes community has already extended water and sewer infrastructure to their entrance, enhancing feasibility for development. CR 557 is scheduled to be widened to four lanes beginning in summer 2025, with completion expected in three years, and a roundabout will be added at the intersection of CR 557A and CR 557 to improve traffic flow. A five-acre retention pond adjacent to CR 557 will slightly reduce the total developable acreage. The property sits within an active development corridor with major builders such as Pulte, DR Horton, Meritage, and American Homes driving growth, and additional utility extensions by nearby projects will further support development. While the site benefits from strong accessibility and regional demand, considerations include its location within a 100-year flood zone requiring fill and flood insurance, areas of poorly drained soil, and an irregular parcel shape that may constrain layout and reduce final lot yield. Entitlement approvals for annexation, land use amendment, and rezoning are required, but all have a high probability of success and can be pursued concurrently, with an estimated approval timeline of six to twelve months.
Directions: From I-4, take exit 44 toward Polk City. Turn L onto SR 559, R on CR 557.

Location

State FL

County Polk

Area 33850 - Lake Alfred

Zoning RC

Exterior

Utilities Available Electrical Nearby, Sewer Nearby, Water Nearby

Building

Lot Description In County, Irregular Lot, May Need To be Filled, Paved

Lot Size Range 200 to less than 500

Sewer None

Water None

Others

Ownership Fee Simple

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition None

Listed by Michael Norris NEXTHOME NORRIS & COMPANY REAL

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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(423) 741-8842

justin@yrealtyinc.com

1550 W Cleveland St, Tampa, FL, 33606, USA

0 ST RD 557 Lake Alfred, FL 33850

Justin King

Key Details

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Exterior

Building

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Nearby Locations

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0 ST RD 557