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0 St Rd 557, Lake Alfred, FL 33850

Lake Alfred
Local realty services provided by:CENTURY 21 SUNBELT REALTY
0 St Rd 557,Lake Alfred, FL 33850
$7,500,000
  • 305.77 Acres
  • Lots / Land
  • Active
Listed by: michael norris, dee norris
Office: nexthome norris & company real
MLS#:L4958007
Source:MFRMLS

Price summary

  • Price:$7,500,000

About this home

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...

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Home facts

  • Listing ID #:L4958007
  • Added:186 day(s) ago
  • Updated:September 13, 2026 at 01:12 PM

Structure and exterior

  • Lot area:305.77 Acres
  • Lot Features:Irregular Lot, May Need To be Filled, Paved
  • Levels:1 Story

Utilities

  • Water:Water Nearby
  • Sewer:Sewer Nearby

Finances and disclosures

  • Price:$7,500,000
  • Tax amount:$1,245 (2024)

Features and amenities

  • Appliances:Irrigation Equipment
  • Amenities:Irrigation Equipment
  • Pool features:Public Pool
MLS LogoThe information being provided by Stellar Mls is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer 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 Stellar Mls. CENTURY 21 SUNBELT REALTY is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of CENTURY 21 SUNBELT REALTY, a broker participant of Stellar Mls. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Stellar Mls and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Properties in listings may have been sold or may no longer be available. Copyright 2026 Stellar Mls. All rights reserved. MFRMLS Member Broker: Jim Fischer

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