

329 SEMINOLA BLVD CASSELBERRY FL 32707-3051
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


Valuation Calculator
Valuation Metrics
Map
Zoning
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?


























































