Re-development Opp: Multifamily Site w Existing Income
Lakefront Development Opportunity ± 50 Townhomes or Assisted Living units!
Marketing 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.
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 & ASSISTED LIVING UNITS (subject to approvals). The site sits right on the corner where Seminola Blvd and Button Road intersect with a frontage of 249 FT.
Situated on Lake Kathryn, a breathtaking 74-acre, spring-fed, ski lake, the site offers a serene and picturesque setting for recreational activities including fishing, boating and skiing making it a highly desirable location for future residents.
Currently operating as an income-producing asset, the property consists of 7 rental units, generating ATTRACTIVE INCOME. Leases are flexible, allowing for income during the entitlement and planning phases.
Important Note:
Tenants currently occupy the property. Please do not walk the site without scheduling a tour.
Investment highlights
Development Highlights:
Exceptional ±2-acre lakefront parcel, with the potential to annex ±4.6 additional acres from the City
Potential for ±50 townhomes or assisted living units (subject to approvals)
Zoning: PRD | Future Land Use: MDR
Public water and sewer available at the site
Two existing structures with 7 rental units generating ATTRACTIVE INCOME
Gated community or assisted living facility potential
Survey and additional documentation available upon request
Location Advantages:
Within walking distance of Publix, Target, emergency clinic, and Concord Park
Close proximity to Winter Park, Maitland, Lake Mary and Winter Springs
Minutes to SunRail, I-4, and SR-417 for regional access
Near Altamonte Mall, Winter Park’s fine dining, and Sanford International Airport
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