0 ST RD 557, Lake Alfred, FL 33850

This offering is a 305.77-acre parcel with approximately 92 acres identified as developable land. The property is currently zoned for agriculture at one dwelling unit per five acres, producing an estimated yield of about 20 lots. The site’s contiguity to the City of Lake Alfred supports an annexation strategy and related entitlement approvals, including land use amendment and rezoning. Under a Village Residential designation that allows four units per acre, the projected yield is roughly 408 units. A five-acre retention pond adjacent to CR 557 is expected to reduce total developable acreage, and the parcel’s irregular shape may constrain layout and final lot yield.

The property is located on St Rd 557 near the City of Lake Alfred boundary. Meritage Homes’ Silver Lakes community directly across SR 557 has extended water and sewer infrastructure to their entrance, supporting development feasibility. The area is in an active growth corridor with major builders including Pulte, DR Horton, Meritage, and American Homes. CR 557 is scheduled to be widened to four lanes beginning in summer 2025, with completion expected in three years, and a roundabout is planned at the intersection of CR 557A and CR 557 to improve traffic flow.

For developers and land buyers, this tract offers a clear framework: pursue annexation to access city water and sewer, then pursue higher-density rezoning aligned with Village Residential uses. Prospective plans should account for constraints including the property’s location within a 100-year flood zone requiring fill and flood insurance, areas of poorly drained soil, and an entitlement process expected to take about six to twelve months, with key approvals able to be pursued concurrently.