0 ST RD 557, Lake Alfred, FL 33850

The property is a large residential development site totaling 305.77 acres, with approximately 92 acres described as developable. It is currently zoned for agriculture at one dwelling unit per five acres, which the remarks indicate supports an estimated yield of about 20 lots. The land is also described as contiguously located to the City of Lake Alfred, with an entitlement path that includes annexation, land use amendment, and rezoning. A Village Residential designation is referenced as allowing four units per acre, with a projected yield of roughly 408 units. A five-acre retention pond adjacent to CR 557 is noted as slightly reducing total developable acreage.

The site is positioned along St Rd 557 (Parcel ID: 262708000000012010). Meritage Homes’ Silver Lakes community is described as extending water and sewer infrastructure to their entrance directly across SR 557, supporting development feasibility. The remarks also discuss planned CR 557 widening to four lanes beginning in summer 2025, with completion expected in three years, plus a roundabout at the intersection of CR 557A and CR 557 to improve traffic flow.

For developers and investors, this tract offers a clear planning and entitlement framework to move from the current agricultural zoning to higher-density residential use, subject to annexation and rezoning approvals. The development considerations stated in the remarks include location within a 100-year flood zone requiring fill and flood insurance, areas of poorly drained soil, and an irregular parcel shape that may constrain layout and final lot yield. The estimated approval timeline referenced for the needed actions is six to twelve months.