417 Rain Lily Cove
Casselberry, FL 32707
Rain Lily · Terrain À vendre · 2,17 AC

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. Frontage is 249 FT. 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. 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. Development Highlights: Exceptional ±2-acre lakefront parcel, with the potential to annex ±4.6 additional acres from the City Potential for ±50 townhomes or assisted living units (subject to approvals) Zoning: PRD | Future Land Use: MDR Public water and sewer available at the site Two existing structures with 7 rental units generating current income Gated community or assisted living facility potential Survey and additional documentation available upon request Location Advantages: Within walking distance of Publix, Target, emergency clinic, and Concord Park Close proximity to Winter Park, Maitland, Lake Mary and Winter Springs Minutes to SunRail, I-4, and SR-417 for regional access Near Altamonte Mall, Winter Park’s fine dining, and Sanford International Airport