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33879748
33879750

329 SEMINOLA BLVD, CASSELBERRY, FL 32707-3051

CW
FL BK3301317
Coldwell Banker Realty
Listed by Coldwell Banker Realty
$1,395,000
11 days on market
Updated 11 days ago

329 SEMINOLA BLVD CASSELBERRY FL 32707-3051

Details
APN 09213050200000020
Property Type Multifamily, Mixed Use
Sub Type Single Family Rental Portfolio
Square Footage 1,982
Units 3
Cap Rate 5.26%
NOI $73,432
Year Built 1957
Year Renovated 2023
Buildings 3
Stories 1
Lot Size (SqFt) 37,103
Zoning R-12.5
Parking Spaces 3 spaces
Parking per 1,000 SqFt 1.51
Investment Type Value Add
Ground Lease No

Rare 0.81-Acre Lakefront Residential Income Opportunity on Lake Kathryn

Marketing description

Investment highlights

Property Overview

The property consists of a beautifully renovated 3-bedroom, 2-bathroom lakefront residence situated on approximately 0.81 acres overlooking Lake Kathryn, a 74-acre skiable lake in Casselberry.

The main residence underwent an extensive renovation in 2023 (roof replacement date still being verified, but is either 2023 or 2024), featuring:

  • Updated kitchen cabinetry
  • Quartz countertops
  • Laminate flooring
  • Fully remodeled bathrooms with Floating vanities
  • Modern finishes throughout

Attached to the residence is a private in-law suite with a separate entrance, kitchenette (cooktop, microwave, and refrigerator), and private bathroom.

Additional Property Details

  • Covered boathouse with boat ramp
  • Detached concrete block RV/Boat Pavilion with full bathroom (shower, vanity and toilet)
  • Attached 3-car garage
  • Detached 2-car garage
  • Screened patio
  • Large backyard
  • Extensive parking (for boats, RVs, trailers, and equipment)
  • Expansive lake views
  • Additional open views created by the adjacent City-owned parcel

The combination of a renovated waterfront residence, separate in-law suite, substantial accessory structures, boating amenities, RV/boat storage capabilities, income-producing history, and multifamily zoning creates a truly unique investment opportunity.

Development Potential & Zoning

One of the property's most compelling attributes is its development potential (as previously mentioned).

  • Lot Size: Approximately 35,355 square feet (0.81 acres)
  • Zoning: RMF-13 (Residential Multi-Family)
  • Maximum Density: Up to 13 dwelling units per acre

Based on the lot size, the theoretical density calculation could support approximately 10–11 dwelling units, subject to City interpretation, development standards, and all applicable approvals. I went through the rigorous process of successfully rezoning the property to RMF-13 with the vision of expanding residential density. Significant time and resources have already been invested into planning future development. Architectural renderings and conceptual plans have been prepared to convert the attached three-car garage and detached two-car garage into four additional residential units.

The property already benefits from substantial existing infrastructure, including:

  • Main residence
  • In-law suite
  • Detached garage
  • RV/Boat Pavilion with bathroom
  • Covered boathouse
  • Boat ramp
  • Utilities and site improvements

As with any development opportunity, ultimate buildability remains subject to setbacks, lot coverage limitations, parking requirements, stormwater requirements, landscaping, buffering, floodplain considerations, utility capacity, site plan approval, and all other governmental requirements.

Also available as a turnkey willing to sell with furnishings and can be sold as a residential unit

Listing Contacts

CW
FL BK3301317
Coldwell Banker Realty
Listed by Coldwell Banker Realty

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$73,432.00
$6,119.33/mo

Valuation Metrics

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DSCR
5.26%
Cap Rate
5.26%
ROI

Map

Zoning

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R-12.5 ResidentialSingle FamilyLow Density Single Family
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Last updated Jan 15, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
Catherine Williams
License
BK3301317
Brokerage
Coldwell Banker
Brokerage Phone
4074893921
Title
Real Estate Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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