$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 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
- MLS
- Stellar MLS
- MLS #
- MFRL4958007
- Property type
- Land
- Subdivision
- N/A
- Status
- Active
- Days on market
- 166
- On market date
- December 19, 2025
- Stories
- N/A
- Total bathrooms
- N/A
- Garage spaces
- N/A
- Parking spaces
- N/A
- Lot size
- 305.77 acres
Location
Get directions →Nearby schools
Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.
- Enrollment
- 701
- Student:teacher ratio
- 16.7:1
- District
- POLK
- Enrollment
- 953
- Student:teacher ratio
- 19.4:1
- District
- POLK
- Enrollment
- 881
- Student:teacher ratio
- 18.4:1
- District
- POLK
Walkability
Blended score for LAKE ALFRED's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).
Market position
How this listing compares to current activity in LAKE ALFRED, from live MLS data.
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Data source: Listing information provided by Stellar MLS (mfrmls) via Trestle/CoreLogic. Last updated June 3, 2026.
Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.