2380 Shepherd Ave - Shepherd Ave 6.25 Acres of Residential Land Offered at $724,881 CAD in Saint Cloud, FL 34771

DISCOUNT ENTRY Investment / Development Opportunity 6.33 Acres in a Million-Dollar Estate NARCOSSEE Corridor St. Cloud, FL
Located in one of St. Cloud’s emerging luxury corridors just outside of Orlando, 10 mins from Lake Nona, 6 mins to Sunbridge, this 6.33-acre parcel presents a rare opportunity for developers, builders, and strategic investors seeking value land with significant upside potential.
The property features approximately ±1 acre of upland (buildable area), with the remaining acreage consisting of natural wetlands—ideal for recreational use, conservation, or future mitigation to expand usable land. For the right buyer, this creates a clear path to unlock additional value through entitlement strategy and site planning.
Existing Improvements = Immediate Cost Advantage:
Existing structure on site (potential impact fee credit / redevelopment benefit)
400-ft deep well already installed
Utilities connected
Usable 3 bedroom, 2 bathrooms structure onsite (no value given)
These features may significantly reduce impact fees, infrastructure costs, and build timelines, making this an ideal private custom home site or phased development play
Proven Value & Strong Comparable Sales:
Recent nearby sales highlight the upside once land is optimized or developed:
5050 Moore Street – Sold for $1,400,000 Sold as vacant land to developer (2024)
Underwood Ave (mitigated wetlands) – Sold for $1,675,000 (2025)
5237 Moore Street – Sold as vacant land value for $1,185,000 (Nov 2025)
5200 Carson St, St. Cloud – Previously part of this subject parent parcel
2 acres (approx. half uplands / half wetlands)
3,700 sq ft custom home
Sold for $1,212,000 (June 2025) (This directly supports the feasibility of developing a high-value custom estate even with partial wetlands)
Location & Luxury Positioning:
Situated in a million-dollar-plus homesite area
Backs to and has walking access via county easement from Carson street to a luxury subdivision with current listings ranging approximately $1.9M to $3.4M
Strong demand for large estate lots and custom homes in this immediate area due to proximity with Lake Nona and Sunbridge and there being few options for luxury states on large private lots.
Investment Thesis:
Priced at $530,000 to reflect current usable acreage
Significant upside through:
Wetland mitigation / reconfiguration
Custom luxury home development
Long-term land banking in a high-growth corridor
Clear comp support showing $1.1M–$1.6M+ stabilized values, with adjacent luxury pushing even higher
Bottom line:
This is a strategically discounted acreage opportunity with existing infrastructure, proven million dollar comps, and direct adjacency to luxury development, ideal for a builder or investor looking to create value in a rapidly appreciating market. Or someone who just wants to be in a very private setting in the city but feeling like they are in their own private oasis.