Casselberry, FL
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    Casselberry, FL Waterfront Land for Sale

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    Altamonte Springs, FL Fern Park, FL Longwood, FL
    Lakefront Redevelopment Opportunity
    $1,450,000
    2.17 Acres

    Lakefront Redevelopment Opportunity

    417 RAIN LILY COVE, Casselberry, FL 32707

    Prime lakefront land with redevelopment potential near Winter Park.

    • 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.
    • Potential to annex an additional ±4.6 acres.
    • Currently operating as an income‑producing asset with 7 rental units and flexible leases.
    Updated: Nov 25, 2025
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    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Casselberry, FL, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

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    Lake Holden Waterfront Land Available
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    Lake Holden Waterfront Land Available

    Over three acres on Lake Holden near downtown Orlando.

    3501 S WESTMORELAND DRIVE, Orlando, FL 32805
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    Lakefront Acreage for Custom Estate
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    Lakefront Acreage for Custom Estate

    7-acre lakefront property ideal for a custom home.

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    19-Acre Lake in Sanford, Florida
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    19-Acre Lake in Sanford, Florida

    24.77-acre property with a 19-acre private lake.

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    19 Acre Lake Brian Property
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    19 Acre Lake Brian Property

    24.77+ acre property with 19 acre private bass lake.

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    Casselberry, FL Waterfront Land Investment Opportunities Market Analysis

    Explore 1 waterfront land for sale in Casselberry, FL on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $1,450,000.

    Sale prices for water rights properties in Casselberry, FL start at $1,450,000, averaging $1,450,000, and reaching up to $1,450,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial land 6
    Waterfront Land 1

    Demographics Overview

    Population 94K
    Population Growth (5Y) +7.7%
    Median Household Income $76,260
    College Educated 28.8%

    High-Yield Neighborhoods for Investment

    Identify Casselberry submarkets with the highest inventory density on the market and evaluate the median listing prices of real estate assets

    Neighborhood Average Price
    32707 $1.5M

    Taxes & Financing

    Tax Rate (average for all types) 1.49%
    Property Tax per SF $20.39 per sq ft
    Tax Rate vs County Average 0.04 pp below county avg
    Average Loan-to-Value 65.0%

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