1. Florida
  2. Casselberry
  3. 417 RAIN LILY COVE
$1,500,000

417 RAIN LILY COVE, Casselberry, FL 32707

  • 5,105 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1951
  • Property Lot Size Icon2.17acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $294/sqft
  • Property List Date Icon Listed 24 days ago

Property Description

Investor/Developer Opportunity: Waterfront Land with plan to build up to 28 gated townhomes. Currently it’s an income-producing property with 5 tenants, generating about $95,000 in gross rent. Rare opportunity to acquire 2.17 acres of prime medium-density residential waterfront land on Lake Kathryn, a beautiful 74-acre spring-fed ski-lake in Casselberry, FL. Current zoning is Planned Residential District (PRD) with a future land use designation of Medium Density Residential (MDR), with a potential build-out of up to 28 gated townhomes. Ideal for townhomes, condominiums, boutique apartments, or senior housing developments. Strategically located in the heart of Seminole County with walking distance of Publix, Pharmacy, Emergency clinic,Target, Concord Park, with excellent access to 17-92, I-4, and SunRail, this site offers strong connectivity to retail, employment hubs, and major transportation corridors. Close approximately to Altamonte Mall, Winter Park, Fine dining and Sanford International Airport. Very few infill opportunities of this size and lakefront quality remain in the market. Please do not walk the property without scheduling a tour.

Listing Status:
Active
Date Added:
April 29, 2025 at 05:00AM
Listing Office:
JOHN SADRI & COMPANY : 407-619-9999
Listing Agent:
John Sadri : 407-619-9999
MLS ID:
O6303824
  • A/C: Wall/Window Unit(s)

This listing courtesy of John Sadri, JOHN SADRI & COMPANY

Location

Schools Nearby

C

Casselberry Elementary School

1075 Crystal Bowl Cir, Casselberry, FL, 32707

Grades KG-5

1.60 miles away

M

Milwee Middle School

1341 S Ronald Reagan Blvd, Longwood, FL, 32750

Grades 6-8

0.86 miles away

L

Lyman High School

865 S Ronald Reagan Blvd, Longwood, FL, 32750

Grades 9-12

0.91 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.