0 ST RD 557, Lake Alfred, FL 33850

A 305.77-acre parcel in Lake Alfred, FL, positioned for residential development. The site has approximately 92 acres of developable land and is currently zoned for agriculture at one dwelling unit per five acres. Based on the existing zoning, the property is described as yielding about 20 lots, with a higher-density residential pathway available through annexation and rezoning. The property’s contiguity to the City of Lake Alfred is intended to support annexation and access to city water and sewer, along with a potential rezoning to a Village Residential designation allowing up to four units per acre, for 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 property sits within an active development corridor, directly across SR 557 from Meritage Homes’ Silver Lakes community, which has extended water and sewer infrastructure to their entrance. Directions are available from I-4 via Exit 44 toward Polk City, then via SR 559 and CR 557. The listing notes considerations including a portion of the site 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 reduce final lot yield. Entitlement approvals for annexation, land use amendment, and rezoning are required, and the estimated approval timeline is six to twelve months, with pursuit of approvals described as potentially concurrent.