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417 RAIN LILY COVE, CASSELBERRY, FL, 32707- Advanced Search - Realty and Company International, LLC
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$1,450,000
New Listing

417 RAIN LILY COVE
CASSELBERRY, FL 32707

For Sale|Land|Active
Subdivision:
PARK PLACE AT LAKE KATHRYN
County:
Seminole

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417 RAIN LILY COVE417 RAIN LILY COVE417 RAIN LILY COVE417 RAIN LILY COVE
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Rare Lakefront Redevelopment Site | Potential for ±50 units | Minutes from Winter Park & Maitland! A rare and exceptional opportunity to acquire over 2 acres of prime lakefront land, with the potential to annex an additional ±4.6 acres from the City—opening the door to a truly expansive and visionary development. Currently operating as an income-producing asset, the property consists of 7 rental units, generating attractive income for the owner. Leases are flexible, allowing for income during the entitlement and planning phases.The property is zoned Planned Residential District (PRD) with a future land use designation of Medium Density Residential (MDR), supporting a variety of residential concepts. Early planning shows potential for developing ±50 TOWNHOMES OR ASSISTED LIVING UNITS (subject to approvals). The site sits right on the corner where Seminola Blvd and Button Road intersect. Situated on Lake Kathryn, a breathtaking 74-acre, spring-fed, ski lake, the site offers a serene and picturesque setting for residential or senior living development. Public water and sewer available at the site. Walking distance of Publix, Target, emergency clinic, and Concord Park. Minutes to SunRail, I-4, and SR-417 for regional access.

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Listing Snapshot
Price 
$1,450,000
Days On Site 
0 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
2.17 Acres
Year Built 
N/A
MLS® Number 
O6363226
Status 
Active
Property Tax 
$14,111.49
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 hours agoListing updated with changes from the MLS®
3 hours agoListing first seen on site
General Features
Acres 
2.17
Additional Property Use 
Commercial
Direction Faces 
West
Sewer 
Public Sewer
Utilities 
Electricity AvailableWater Connected
Water Source 
Public
Zoning 
PRD MDR
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Exterior Features
Frontage 
255
Lot Features 
LevelWaterfront
Other Structures 
Other
Road Frontage 
State Road
View 
LakeWater
Waterfront 
Yes
Waterfront Features 
Lake PrivilegesLake Front
Waterview 
LakeWater
Community Features
Financing Terms Available 
CashConventional
MLS Area 
32707 - Casselberry
Roads 
Asphalt
Township 
21
Listing courtesy of JOHN SADRI & COMPANY 4076199999



Listing information is provided by Participants of the Stellar MLS. 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. Properties displayed may be listed or sold by various participants in the MLS Copyright 2025, Stellar MLS.
Last checked: 2025-11-25 06:40 PM EST

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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