$729,000

An exceptional 16-acre development opportunity in the high-growth babson park/lake wales area! positioned in a rapidly expanding region, this property is currently zoned agricultural/rural residential (arrx) with a future land use designation of residential medium (rm) or residential high (rh), making it ideal for residential development such as single-family homes, townhomes, or multi-family units. strategically located near major roads, schools, and shopping, this site benefits from strong residential demand and increasing property values. a 4-acre adjacent lot at the corner of freedlander & lewis griffin is also available, offering additional institutional zoning flexibility. the property has utilities available, with a lake wales water capacity exchange agreement in place to access the main water line. the topography is mostly level, and the land is located in flood zone x, minimizing flood risk. polk county continues to experience rapid growth, with 82+ new residents per day, fueling high housing demand and increasing property values. the median home price has risen 9.8% year-over-year, reflecting the area's strong real estate market. the site is conveniently located near us-27 and i-4, with easy access to shopping centers, schools, and medical facilities. this is a prime location for builders, developers, and investors seeking to capitalize on central florida’s booming housing market.

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