State Road 557 - State Road 557 Lake Alfred FL 33850 305 Acres of Commercial Land Offered at $12,000,000 in Lake Alfred, FL 33850

This rare 305-acre land offering along ST RD 557 Lake Alfred, Florida, presents a significant development opportunity in one of Central Florida’s fastest-growing corridors. Currently zoned for agricultural use, the property allows for one dwelling unit per five acres, yielding approximately 20 lots under existing conditions. However, its adjacency to Polk City creates a clear path for annexation and rezoning to Village Residential, which permits up to four units per acre. This change could unlock the potential for The property is contiguous to the City of Lake Alfred Florida, giving it the huge advantage of annexation and therefore the ability to rezoned to a much higher density as is currently being developed in the area as well as access to City water and sewer. The appropriate Land Use is Village Residential allowing 4 units per aces for a lot of yield of approximately 408 units. Silver Lakes, a Meritage Homes development, is being developed directly across SR 557 from the property and HAS EXTENDED both water and sewer to their entrance, located directly across from the property CR 557 is being widened to 4 lanes with an approximate start date of summer 2025. The construction completion is expected to be 3 years.
The property benefits from its strategic location, just 45 minutes from Orlando International Airport and under 40 minutes from Walt Disney World. ST RD 557 is slated for expansion to a four-lane roadway, with construction beginning in summer 2025, further improving accessibility and traffic flow. A roundabout and a five-acre retention pond are also planned, supporting future infrastructure needs. Surrounding development activity is robust, with major builders such as Meritage Homes, Pulte, DR Horton, and American Homes actively building in the area. Utilities, including water and sewer, are being extended nearby by external developers, reducing upfront costs for future projects. This offering represents a compelling opportunity for residential developers seeking scale, connectivity, and long-term growth potential in Central Florida.