417 RAIN LILY COVE Casselberry, FL 32707
Prime lakefront land with redevelopment potential near Winter Park.
Type:Land or Vacant Lot
Lot size:
2.17 Acres- Added:
- Nov 25, 2025
- Days on Market:
- 146
- Last Refresh:
- Apr 5 at 9:37 pm
Property Features for 417 RAIN LILY COVE
General Information
- Standard status
- Active
- Lot size
- 2.17 Acres
- Property subtype
- Land or Vacant Lot
Listing agent JOHN SADRI License #FL BK598235
Listing office JOHN SADRI & COMPANY (407) 619-9999
Listing date Nov 25, 2025
Source Corcoran
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
Overview
Lakefront Redevelopment Opportunity
This property presents a rare opportunity to acquire over 2 acres of lakefront land with the potential to annex an additional approximately 4.6 acres. Currently, the property operates as an income-producing asset, featuring 7 rental units that generate income. The leases offer flexibility, allowing for continued income during the entitlement and planning stages. Zoned Planned Residential District (PRD) with a future land use designation of Medium Density Residential (MDR), the site supports various residential concepts. Preliminary planning indicates the potential for developing approximately 50 townhomes or assisted living units, subject to necessary approvals. Situated on Lake Kathryn, a 74-acre, spring-fed lake suitable for skiing, the site provides a scenic environment for residential or senior living development. Public water and sewer services are accessible on-site. The property is located at the intersection of Seminola Blvd and Button Road, within walking distance of amenities such as Publix, Target, an emergency clinic, and Concord Park. Its location offers convenient access to SunRail, I-4, and SR-417.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Waterfront Land
Location Insight
- Map
- Local Demand
- City
- Casselberry
- County
- Seminole
- State
- Florida
- Longitude
- -81.3317
- Latitude
- 28.6799
Nearby Similar for Sale
FAQs
What type of property is this?
Waterfront Land - Prime lakefront land with redevelopment potential near Winter Park.
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 $1,450,000.
What are key features of this property?
This property features: Rare lakefront redevelopment site on Lake Kathryn, a 74‑acre spring‑fed ski lake.; Potential for ±50 townhomes or assisted living units (subject to approvals).; Zoned Planned Residential District (PRD) with Medium Density Residential (MDR) future land use designation.
