State Road 557 - Commercial LAND FOR SALE


Lake Alfred, FL 33850 13,285,800 SF
$12,000,000 USD
863-875-5583
State Road 557, Lake Alfred, FL for Sale
$12,000,000 USD
Commercial LAND - FOR SALE
1/27
13,285,800 SF

State Road 557
Lake Alfred, FL 33850


HIGHLIGHTS

  • 305-acre parcel with 92 acres deemed developable.
  • Current zoning allows 1 unit per 5 acres; potential rezoning could allow up to 4 units per acre.
  • Located across from Meritage Homes’ Silver Lakes community with utilities extended to the entrance.
  • ST RD 557 expansion to four lanes scheduled to begin in 2025, with a roundabout planned at the intersection.
  • Positioned within an active development corridor featuring national homebuilders.
  • Approximately 45 minutes from Orlando International Airport and 38 minutes from Walt Disney World.

OVERVIEW

This rare 305-acre land offering along ST RD 557 Lake Alfred, Florida, presents a significant development opportunity in one of Central Florida’s fastest-growing corridors. Currently zoned for agricultural use, the property allows for one dwelling unit per five acres, yielding approximately 20 lots under existing conditions. However, its adjacency to Polk City creates a clear path for annexation and rezoning to Village Residential, which permits up to four units per acre. This change could unlock the potential for The property is contiguous to the City of Lake Alfred Florida, giving it the huge advantage of annexation and therefore the ability to rezoned to a much higher density as is currently being developed in the area as well as access to City water and sewer. The appropriate Land Use is Village Residential allowing 4 units per aces for a lot of yield of approximately 408 units. Silver Lakes, a Meritage Homes development, is being developed directly across SR 557 from the property and HAS EXTENDED both water and sewer to their entrance, located directly across from the property CR 557 is being widened to 4 lanes with an approximate start date of summer 2025. The construction completion is expected to be 3 years. The property benefits from its strategic location, just 45 minutes from Orlando International Airport and under 40 minutes from Walt Disney World. ST RD 557 is slated for expansion to a four-lane roadway, with construction beginning in summer 2025, further improving accessibility and traffic flow. A roundabout and a five-acre retention pond are also planned, supporting future infrastructure needs. Surrounding development activity is robust, with major builders such as Meritage Homes, Pulte, DR Horton, and American Homes actively building in the area. Utilities, including water and sewer, are being extended nearby by external developers, reducing upfront costs for future projects. This offering represents a compelling opportunity for residential developers seeking scale, connectivity, and long-term growth potential in Central Florida.

FOR SALE DETAILS

PRICE

$12,000,000 USD

PRICE/ACRE

$39,344/AC

PRICE/SF

$0.90 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

State Road 557 Lake Alfred FL 33850

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Single Family Development

LAND ACRES

305 AC

LAND SF

13,285,800 SF

OFFSITE IMPROVEMENTS

Water, Electricity

ZONING

RC

APN/PARCEL ID

26-27-08-000000-012010

ASK ABOUT THIS PROPERTY

Dee NorrisNEXTHOME NORRIS & COMPANY REALMore Info
863-875-5583

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Dee NorrisNEXTHOME NORRIS & COMPANY REALMore Info
863-875-5583

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.