417 RAIN LILY COVE at

417 RAIN LILY COVE

$1,450,000

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Overview

2.17 acres

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 Details

MLS#

O6363226

Address

417 RAIN LILY

City

CASSELBERRY

State/county

Zip/Postal Code

32707

Area

Park Place At Lake Kathryn

Country

United States

HOA

Yes

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$14,111

Maint Fee

$--

Tax Year

2024

Water

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