Property Attributes
- MLS#L4958007
- TypeLand
- Listing Status Active
- CountyPolk
- CityLAKE ALFRED
- AreaLake Alfred
- Zip33850
- Style
- Taxes$ 1244
- Price$ 7,500,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size305.77 Acres
Data Source:
Stellar MLS
Property Description
The St Rd 557 Lake Alfred property (Parcel ID: 262708000000012010) spans 305 acres, with approximately 92 acres of developable land & is strategically located just 45 minutes (39.6 miles) from Orlando International Airport and 38 minutes (27.3 miles) from Walt Disney World. Currently zoned for agriculture at one dwelling unit per five acres, the site yields about 20 lots, but its contiguity to the City of Lake Alfred offers a strong opportunity for annexation, unlocking access to city water and sewer and enabling rezoning to a much higher density. With a Village Residential designation allowing four units per acre, the property has a projected yield of roughly 408 units. Directly across SR 557, Meritage Homes’ Silver Lakes community has already extended water & sewer infrastructure to their entrance, enhancing feasibility for development. CR 557 is scheduled to be widened to four lanes beginning in summer 2025, with completion expected in three years, and a roundabout will be added at the intersection of CR 557A and CR 557 to improve traffic flow. A five-acre retention pond adjacent to CR 557 will slightly reduce the total developable acreage. The property sits within an active development corridor with major builders such as Pulte, DR Horton, Meritage, and American Homes driving growth, and additional utility extensions by nearby projects will further support development. While the site benefits from strong accessibility and regional demand, considerations include its location within a 100-year flood zone requiring fill and flood insurance, areas of poorly drained soil, and an irregular parcel shape that may constrain layout and reduce final lot yield. Entitlement approvals for annexation, land use amendment, and rezoning are required, but all have a high probability of success and can be pursued concurrently, with an estimated approval timeline of six to twelve months. Directions: From I-4, take exit 44 toward Polk City. Turn L onto SR 559, R on CR 557.
| Price History | |
|---|---|
| 12/19/2025 | Listed $12,000,000 |
| 5/27/2026 | 38$7,500,000 |
General Features
| Sewer | None |
|---|---|
| Utilities | Electrical Nearby,Sewer Nearby,Water Nearby |
| Possession | Close Of Escrow |
| Zoning | RC |
| Security Features | Security Fencing/Lighting/Alarms |
| Tax Year | 2024 |
| Current Use | Agricultural |
| Ownership | Fee Simple |
| County | Polk |
| Property Type | Land |
| Facing Direction | West |
| Other Structures | Barn(s) |
| Status | Active |
| Directions | From I-4, take exit 44 toward Polk City. Turn L onto SR 559, R on CR 557. |
| City | LAKE ALFRED |
| MLS Area | 33850 - Lake Alfred |
| Lot Size Units | Acres |
| Lot Size Square Feet | 13319459 |
| Listing Terms | Cash |
| Tax Annual Amount | 1244.9 |
| Additional Parcels Y/N | false |
| Building Area Units | Square Feet |
| Living Area Units | Square Feet |
| Standard Status | Active |
| Legal Description | ALL THAT PART OF S 3/4 OF SEC WHICH LIES ELY OF CR 557 LESS R/W FOR WAYLANCO RD & LESS ADDNL R/W PER OR 13293 PG 261 |
| Water Access Y/N | false |
| Water View Y/N | false |
| Flood Zone Code | AE |
| DockY/N | false |
Exterior Features
| Vegetation | Mature Landscaping |
|---|---|
| Lot Features | In County,Irregular Lot,May Need To be Filled |
| Water Source | None |
| Lot Size Area | 305.7727 |
| Lot Dimensions | irr |
| Lot Size Acres | 305.77 |
| Road Surface Type | Paved |
| Waterfront Y/N | false |
| Road Frontage Type | Street Paved,Highway |
| Number of Lots | 1 |
| Road Responsibility | Public Maintained Road |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Copyright © MFRMLS.com All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated Last updated on September 25, 2026 9:44 AM UTC The listing information on this page last changed on Last updated on September 25, 2026 9:44 AM UTCd. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MFR MLS.
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Updated on September 25, 2026 9:44 AM UTC
The information being provided by Houston Association of REALTORS, Inc. is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Houston Association of REALTORS, Inc. This web site may reference real estate listing(s) held by a brokerage firm other
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© 2026 Greater Alabama MLS. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX content is not guaranteed accurate by the MLS or Numen Realty Advisors. Data last updated: September 25, 2026 9:36 AM UTC
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating