305 Acres Development
0 ST RD 557, Lake Alfred, FL 33850
- Added:
- Dec 18, 2025
- Days on Market:
- 164
- Last Refresh:
- May 31 at 6:06 pm
Property Features for 0 ST RD 557
General Information
- Property type
- Land
- Property subtype
- Other
- Standard status
- Active
- Lot size
- 305.77 Acres
Building Details
- Architectural style
- Other
Listing agent Michael and Dee Norris License #BK599865,PersonLicenseNumber (863) 875-5583
Listing office NextHome Norris & Company Realty P.O. Box 791, FL (863) 875-5583
Listing date Dec 18, 2025
MLS# L4958007
Listing URL
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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 (45 minutes) and Walt Disney World (38 minutes).
- Strong annexation potential to the City of Lake Alfred, providing access to city water and sewer.
- Located in an active development corridor with major builders driving growth.
- Proximity to Meritage Homes' Silver Lakes community, which has already extended water and sewer infrastructure to SR 557.
- Planned road improvements on CR 557, including widening to four lanes and a new roundabout, enhancing accessibility.
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 an 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. Considerations include its location within a 100-year flood zone requiring fill and flood insurance, areas of poorly drained soil, and an irregular parcel shape. Entitlement approvals for annexation, land use amendment, and rezoning are required, with an estimated approval timeline of six to twelve months.
Location Intelligence
Current Use by Public Records
Residential land & home ...
Map
- City
- Lake Alfred
- County
- Polk
- State
- Florida
- Longitude
- -81.7322006
- Latitude
- 28.145525
Nearby Similar for Sale
FAQs
What type of property is this?
Residential land & home lot - 305-acre property near Orlando and Disney World with development potential.
Where is this residential land & home lot 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 (45 minutes) and Walt Disney World (38 minutes).; Strong annexation potential to the City of Lake Alfred, providing access to city water and sewer.
