305 Acres in Lake
0 ST RD 557, Lake Alfred, FL 33850
- Added:
- Dec 18, 2025
- Days on Market:
- 164
- Last Refresh:
- May 31 at 7:06 pm
Property Features for 0 ST RD 557
General Information
- Property type
- Land
- Property subtype
- Other
- Zoning
- RC
- Security features
- Security Alarm, Security Lighting
- Exterior features
- Paved, Security Fence
- Fencing
- Fenced
- Standard status
- Active
- APN
- 26-27-08-000000-012010
- Lot size
- 305.77 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 1244.9
Building Details
- Architectural style
- Other
Listing agent Michael Norris License #414120 (863) 875-5583
Listing office NEXTHOME NORRIS & COMPANY REAL 1921 Manor Cir, Winter Haven, FL (863) 875-5583
Listing date Dec 18, 2025
MLS# L4958007
Listing URL
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Significant development potential with approximately 92 acres of developable land and a projected yield of roughly 408 units upon rezoning.
- Strategic location near Orlando International Airport and Walt Disney World in an active development corridor.
- Strong opportunity for annexation to the City of Lake Alfred, providing access to city water and sewer infrastructure.
- Proximity to Meritage Homes' Silver Lakes community, which has already extended water and sewer infrastructure to its entrance.
- Planned road improvements on CR 557, including widening to four lanes (starting Summer 2025) and a new roundabout, will improve traffic flow.
- Located within an active development corridor with major builders driving growth.
Overview
This 305-acre property (Parcel ID: 262708000000012010) is located on St Rd 557 in Lake Alfred, Florida. Approximately 92 acres are developable. The site is located 39.6 miles from Orlando International Airport and 27.3 miles from Walt Disney World. Currently zoned for agriculture at one dwelling unit per five acres, the site yields about 20 lots. Its contiguity to the City of Lake Alfred offers a strong opportunity for annexation, unlocking access to city water and sewer and enabling rezoning to a much higher density. With a Village Residential designation allowing four units per acre, the property has a projected yield of roughly 408 units. Meritage Homes’ Silver Lakes community has already extended water and sewer infrastructure to their entrance, enhancing feasibility for development. CR 557 is scheduled to be widened to four lanes beginning in summer 2025, with completion expected in three years, and a roundabout will be added at the intersection of CR 557A and CR 557 to improve traffic flow. A five-acre retention pond adjacent to CR 557 will slightly reduce the total developable acreage. The property sits within an active development corridor with major builders such as Pulte, DR Horton, Meritage, and American Homes driving growth, and additional utility extensions by nearby projects will further support development. The property is located 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, with an estimated approval timeline of six to twelve months.
Property Profile
Location Intelligence
Current Use by Public Records
Agricultural land / Farmland
Map
- City
- Lake Alfred
- County
- Polk
- State
- Florida
- Longitude
- -81.7321987
- Latitude
- 28.1455252
Nearby Similar for Sale
FAQs
What type of property is this?
Agricultural land / Farmland - 305-acre agricultural land near Orlando and Disney World.
Where is this agricultural land / farmland located?
The property is located at 0 ST RD 557 Lake Alfred, FL.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: Significant development potential with approximately 92 acres of developable land and a projected yield of roughly 408 units upon rezoning.; Strategic location near Orlando International Airport and Walt Disney World in an active development corridor.; Strong opportunity for annexation to the City of Lake Alfred, providing access to city water and sewer infrastructure.
