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Hwy 557 Polk City, FL 33868

Sponsored
For Sale
$12,000,000

Land, Other - Polk City, FL

Lot size:
305.77 Acres
Days on Market:
9
Last Refresh:
Jan 8 at 4:06 pm

Property Features for Hwy 557

General Information

Property type
Land
Property subtype
Other
Standard status
Active
Lot size
305.77 Acres

Building Details

Architectural style
Other

NextHome, Inc

Listing agent Michael and Dee Norris (863) 875-5583 License #BK599865,PersonLicenseNumber

Listing date Dec 31, 2025

MLS# L4958007 Listing URL

Copyright © 2026 NextHome, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Overview

305 Acres Development Opportunity

This property, identified by Parcel ID 262708000000012010, encompasses 305 acres, including approximately 92 acres of developable land. It is located near Lake Alfred, Florida, and is positioned 39.6 miles from Orlando International Airport and 27.3 miles from Walt Disney World. The land is currently zoned for agriculture, permitting one dwelling unit per five acres, which allows for about 20 lots. Its location adjacent to the City of Lake Alfred presents an opportunity for annexation, which would provide access to city water and sewer services and enable rezoning for higher density development. With a Village Residential designation, the property could potentially yield approximately 408 units at a density of four units per acre. Water and sewer infrastructure has already been extended to the entrance of Meritage Homes’ Silver Lakes community, which is located directly across SR 557. Improvements are planned for CR 557, with a widening project to four lanes scheduled to begin in summer 2025 and expected to take three years. A roundabout will also be constructed at the intersection of CR 557C and CR 557 to improve traffic flow. A five-acre retention pond adjacent to CR 557 will slightly reduce the total developable acreage. The property is situated within an active development corridor, with major builders such as Pulte, DR Horton, Meritage, and American Homes active in the area. The site is located within a 100-year flood zone, requiring fill and flood insurance. Areas of poorly drained soil and an irregular parcel shape may also affect layout and reduce the final lot yield. Entitlement approvals for annexation, land use amendment, and rezoning are required, with an estimated approval timeline of six to twelve months.
Location Intelligence

Current Use by Public Records

Commercial land

Map

City
Polk City
County
Polk
State
Florida
Longitude
-81.76399994
Latitude
28.25868988

FAQs

What type of property is this?
Land - 305 acres near Lake Alfred, with development potential.
Where is this land located?
The property is located at Hwy 557 Polk City, FL.
What is the asking price?
The asking price for this property is $12,000,000.
What are key features of this property?
This property features: - Significant Development Potential: 92 acres of developable land with potential for 408 units.; - Strategic Location: Just 45 minutes from Orlando International Airport and 38 minutes from Walt Disney World.; - Annexation Opportunity: Contiguous to the City of Lake Alfred, offering access to city water and sewer.
More about this property
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