Waterfront Land Development
For Sale
$1,500,000
417 RAIN LILY COVE, Casselberry, FL 32707
2.17 acres of waterfront land suitable for residential development.
Property Size5,105 SF
Lot Size2.17 Acres
Price / SF$293.83
Days on Market470
Property Features for 417 RAIN LILY COVE
General Information
Standard status
Active
Size
5,105 SF
Lot size
2.17 Acres
Property subtype
Commercial/Industrial
Taxes and HOA fees
Annual Taxes
$14,111
Building Details
Year Built
1951
Listing Agency:
JOHN SADRI & COMPANY
(407) 619-9999
Listed By:
John Sadri · License #598235
(407) 619-9999
Source:
Exitrealty
Added: Apr 30, 2025
Changed: Aug 8
Last Checked: Jul 16 at 7:50AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JOHN SADRI & COMPANY
Investment Insights
Based on property information with market context.
This 2.17-acre waterfront land parcel presents an investor/developer opportunity. Located on Lake Kathryn, a 74-acre spring-fed ski-lake in Casselberry, Florida, the property is zoned Planned Residential District (PRD) with a future land use designation of Medium Density Residential (MDR). The site has the potential for development of up to 28 gated townhomes, condominiums, boutique apartments, or senior housing. The property is strategically located in the heart of Seminole County, within walking distance of Publix, a pharmacy, an emergency clinic, Target, and Concord Park. It offers access to 17-92, I-4, and SunRail, providing connectivity to retail, employment hubs, and major transportation corridors. The site is located close to Altamonte Mall, Winter Park, fine dining, and Sanford International Airport. Please note that tours must be scheduled prior to walking the property.
Key Highlights
- Waterfront land on Lake Kathryn, a 74‑acre spring‑fed ski‑lake
- Development opportunity for up to 28 gated townhomes
- Prime 2.17‑acre site zoned Planned Residential District (PRD) with Medium Density Residential (MDR) future land use
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
623
Businesses Nearby
Explore this area
Business Placement
Demographics for 32707, FL
37,704
Population
17,499
Households
2.2
Avg Household Size
40
Median Age
36%
College-Educated
92%
High-School Grad
9.6 sq mi
ZIP Area
3,928
Density / Sq Mi
$66,780
Median Household Income
$40,280
Median Earnings
$1,573
Median Rent
$305,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Waterfront Land - 2.17 acres of waterfront land suitable for residential development.
Where is this waterfront land located?
The property is located at 417 RAIN LILY COVE Casselberry, FL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Waterfront land on Lake Kathryn, a 74‑acre spring‑fed ski‑lake; Development opportunity for up to 28 gated townhomes; Prime 2.17‑acre site zoned Planned Residential District (PRD) with Medium Density Residential (MDR) future land use
