1288 Lake Howard Dr Winter Haven, FL 33880
This exceptional 3.72-acre lakefront property in Winter Haven, Florida, presents a prime redevelopment opportunity. Located in Polk County, within the rapidly growing Lakeland MSA, this site boasts an R-5 zoning designation, permitting high-density multifamily development—up to 130 units. Its strategic location offers easy access to downtown Winter Haven, I-4, and major employment centers in Lakeland, Orlando, and Tampa Bay, all within a 50-minute drive. Pre-approved plans include 13 boat slips, capitalizing on the desirable lakefront setting. The property benefits from Polk County's significant population growth and a substantial unmet demand for rental housing, creating an ideal environment for a lucrative multifamily development. The existing zoning allows for flexibility in residential offerings, including traditional multifamily, build-to-rent single-family homes, or for-sale units. This is a rare chance to develop in one of Central Florida's most dynamic and sought-after markets. The site's proximity to major transportation arteries and amenities ensures strong appeal to potential residents. This exceptional opportunity combines high-density zoning, lakefront access, and a location within a booming market, making it an attractive investment for developers seeking significant returns.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.