417 RAIN LILY COVE, Casselberry, FL 32707

Property Description

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 City—opening 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.

Listing Status:

Active

Date Added:

November 25, 2025 at 06:00AM

Listing Office:

JOHN SADRI & COMPANY : 407-619-9999

Listing Agent:

John Sadri : 407-619-9999

MLS ID:

O6363226

Exterior

• Other Structures: Other

Location

• Road/Access: State Road
• Originating MLS: Stellar MLS
• County: Seminole

Lot

• Zoning: PRD MDRLOT 2 PARK PLACE AT LAKE KATHRYN PLAT BOOK 84 PGS 85-8608-21-30-542-0000-0020
• View: Water
• Current Use: Commercial

Utilities

• Utilities: Electricity AvailableWater Connected
• Water: Public
• Sewer: Public Sewer

Financial

• Source: Stellar MLS
• Ownership: Fee Simple

This listing courtesy of John Sadri, JOHN SADRI & COMPANY