Rare Lakefront Redevelopment Site | Potential for 50 units | Minutes from Winter Park & Maitland!
A rare and exceptional opportunity to acquire over 2 acres of prime lakefront land, with the potential to annex an additional 4.6 acres from the Cityopening the door to a truly expansive and visionary development. Currently operating as an income producing asset, the property consists of 7 rental units, generating attractive income for the owner. Leases are flexible, allowing for income during the entitlement and planning phases.The property is zoned Planned Residential District (PRD) with a future land use designation of Medium Density Residential (MDR), supporting a variety of residential concepts. Early planning shows potential for developing 50 TOWNHOMES OR ASSISTED LIVING UNITS (subject to approvals). The site sits right on the corner where Seminola Blvd and Button Road intersect. Situated on Lake Kathryn, a breathtaking 74 acre, spring fed, ski lake, the site offers a serene and picturesque setting for residential or senior living development. Public water and sewer available at the site. Walking distance of Publix, Target, emergency clinic, and Concord Park. Minutes to SunRail, I 4, and SR 417 for regional access.
Rare Lakefront Redevelopment Site | Potential for 50 units | Minutes from Winter Park & Maitland!
A rare and exceptional opportunity to acquire over 2 acres of prime lakefront land, with the potential to annex an additional 4.6 acres from the Cityopening the door to a truly expansive and visionary development. Currently operating as an income producing asset, the property consists of 7 rental units, generating attractive income for the owner. Leases are flexible, allowing for income during the entitlement and planning phases.The property is zoned Planned Residential District (PRD) with a future land use designation of Medium Density Residential (MDR), supporting a variety of residential concepts. Early planning shows potential for developing 50 TOWNHOMES OR ASSISTED LIVING UNITS (subject to approvals). The site sits right on the corner where Seminola Blvd and Button Road intersect. Situated on Lake Kathryn, a breathtaking 74 acre, spring fed, ski lake, the site offers a serene and picturesque setting for residential or senior living development. Public water and sewer available at the site. Walking distance of Publix, Target, emergency clinic, and Concord Park. Minutes to SunRail, I 4, and SR 417 for regional access.
Features
Building and Construction
Covered Spaces: 0.00
Living Area: 0.00
Other Structures: Other
Land Information
Lot Features: Buildable, Level, Oversized Lot
Garage and Parking
Garage Spaces: 0.00
Open Parking Spaces: 0.00
Eco-Communities
Water Source: Public
Utilities
Carport Spaces: 0.00
Road Frontage Type: State Road
Sewer: Public Sewer
Utilities: Electricity Available, Water Connected
Finance and Tax Information
Home Owners Association Fee: 0.00
Insurance Expense: 0.00
Net Operating Income: 0.00
Other Expense: 0.00
Tax Year: 2024
Other Features
Country: US
Current Use: Commercial
Legal Description: LOT 2 PARK PLACE AT LAKE KATHRYN PLAT BOOK 84 PGS 85-86
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