ST RD 557 Lake Alfred FL 33850

RARE OFFERING

Property –ST RD 557 Lake Alfred FL 33850
Parcel ID: 262708000000012010
Location & Accessibility
• Distance from Orlando Airport approx. 45 Minutes 39.6 Miles
• Distance from Disney approx. 38 mins 27.3 miles.
• Spanning 305 acres, with 92 acres deemed developable.

Current Zoning & Development Potential
• The property is currently zoned agriculture, allowing 1 dwelling unit per 5 acres, resulting in a yield of 20 lots.
• It is contiguous to the Lake Alfred, providing an opportunity for annexation and subsequent higher-density rezoning.
• The appropriate land use designation is Village Residential, which allows 4 units per acre, increasing the potential lot yield to approximately 408 units.
Infrastructure & Surrounding Developments
• Silver Lakes, a Meritage Homes development, is being built directly across from the property.
• Meritage Homes has extended water and sewer to their entrance, located directly across from the property.
• HWY 557 is undergoing expansion to a four-lane roadway, with construction expected to begin in summer 2025 and completion anticipated in three years.
• A roundabout will be constructed at the intersection of ST RD 557.
• A five-acre retention pond will be developed adjacent to ST RD 557, reducing the total developable acreage.
Property Advantages
• The property is located in an area of active development, with builders such as Pulte, DR Horton, Meritage Homes, and American Homes.
• Utilities (water & sewer) will be extended to the site by external developers.
• Strategic location, just one hour from Orlando city limits and airport.