0 Hwy 557, Polk City, FL 33868

Local realty services provided by:Better Homes and Gardens Real Estate Lifestyles Realty
0 Hwy 557,Polk City, FL 33868
$12,000,000
  • 305.77 Acres
  • Lots / Land
  • Active
Listed by: michael norris, dee norris
Office: nexthome norris & company real
MLS#:L4958007
Source:MFRMLS

Price summary

  • Price:$12,000,000

About this home

The HWY 557 Lake Alfred property (Parcel ID: 262708000000012010) spans 305 acres, with approximately 92 acres of developable land, and 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 and 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

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Home facts

  • Listing ID #:L4958007
  • Added:56 day(s) ago
  • Updated:February 14, 2026 at 01:21 PM

Structure and exterior

  • Lot area:305.77 Acres

Utilities

  • Water:Water Nearby
  • Sewer:Sewer Nearby

Finances and disclosures

  • Price:$12,000,000
  • Tax amount:$1,245 (2024)
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