417 RAIN LILY COVE CASSELBERRY FL 32707 MLS #O6303824

Investor/Developer Opportunity: Waterfront Land with plan to build up to 28 gated townhomes.

Currently it’s an income-producing property with 5 tenants, generating about $95,000 in gross rent. Rare opportunity to acquire 2.17 acres of prime medium-density residential waterfront land on Lake Kathryn, a beautiful 74-acre spring-fed ski-lake in Casselberry, FL. Current zoning is Planned Residential District (PRD) with a future land use designation of Medium Density Residential (MDR), with a potential build-out of up to 28 gated townhomes. Ideal for townhomes, condominiums, boutique apartments, or senior housing developments. Strategically located in the heart of Seminole County with walking distance of Publix, Pharmacy, Emergency clinic,Target, Concord Park, with excellent access to 17-92, I-4, and SunRail, this site offers strong connectivity to retail, employment hubs, and major transportation corridors. Close approximately to Altamonte Mall, Winter Park, Fine dining and Sanford International Airport. Very few infill opportunities of this size and lakefront quality remain in the market. Please do not walk the property without scheduling a tour.