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 the intersection of CR 557A and CR 557 to improve traffic flow. A five-acre retention pond adjacent to CR 557 will slightly reduce the total developable acreage. The property sits within an active development corridor with major builders such as Pulte, DR Horton, Meritage, and American Homes driving growth, and additional utility extensions by nearby projects will further support development. While the site benefits from strong accessibility and regional demand, considerations include its location within a 100-year flood zone requiring fill and flood insurance, areas of poorly drained soil, and an irregular parcel shape that may constrain layout and reduce final lot yield. Entitlement approvals for annexation, land use amendment, and rezoning are required, but all have a high probability of success and can be pursued concurrently, with an estimated approval timeline of six to twelve months.
Directions: From I-4, take exit 44 toward Polk City. Turn L onto SR 559, R on CR 557.
Property Details
- Lot Features
- In County, Irregular Lot, May Need To be Filled, Paved
- Lot Description
- In County, Irregular Lot, May Need To be Filled, Paved
- Acres
- 305.77
- Property Type
- Purchase
- Utility Features
- Electrical Nearby, Sewer Nearby, Water Nearby
- County
- Polk
- Region
- LAKE ALFRED
- Zoning
- RC
- Original List Price
- $12,000,000
- Days on Market (Cumulative)
- 268
- Taxes Annual
- $1,244
- Ownership
- Fee Simple
- MLS #
- L4958007
- Property Subtype
- Land
- Parcel Number
- 26-27-08-000000-012010
- MLS #
- L4958007
- Date Listed
- December 18, 2025
- Address
- 0 ST RD 557
Location
Legal
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Del Amo Realty
Provided By
Listed by Michael Norris (#MFR255000148)
Listing Office: NEXTHOME NORRIS & COMPANY REAL (#MFR255000574)
