0 Mountain Lake Cutoff Rd Lake Wales, FL 33859

This exceptional 664-acre property in Lake Wales, Florida, presents a remarkable opportunity for large-scale residential development. Situated in Polk County, near the intersection of Mountain Lake Cutoff Rd and conveniently close to major roadways including CR 653, Thompson Nursery Rd (540A), and Highway 27, this land boasts a prime location. Zoned for multi-family residential use, the property offers the potential to create up to 3,120 homes, making it an ideal site for a master-planned community. The expansive acreage includes approximately 5,000 feet of stunning lake frontage on Lake Ashton, providing residents with exceptional waterfront access and recreational opportunities. Utilities are readily available, as the property is located within the City of Lake Wales utility service area, with existing infrastructure adjacent to the site. The low-density residential zoning (LDR) allows for up to 5 units per acre. This location offers easy access to local amenities and is only six miles from Legoland, enhancing its appeal to potential residents. The asking price for this significant development opportunity is $23,140,000. This is a truly exceptional investment prospect for developers seeking a large-scale residential project in a desirable Florida location.