417 Rain Lily CoveCasselberry, FL 32707Price: $1,500,000

  • Price: $1,500,000
  • 15 Days on Market
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417 Rain Lily Cove Casselberry FL 32707
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  • 2.17Acreage
  • 1951Year Built
  • 5,105Square Feet
Investor/Developer Opportunity: Waterfront Land with plan to build up to 28 gated townhomes. Currently it's an income-producing property with 5 tenants, generating about $95,000 in gross rent. Rare opportunity to acquire 2.17 acres of prime medium-density residential waterfront land on Lake Kathryn, a beautiful 74-acre spring-fed ski-lake in Casselberry, FL. Current zoning is Planned Residential District (PRD) with a future land use designation of Medium Density Residential (MDR), with a potential build-out of up to 28 gated townhomes. Ideal for townhomes, condominiums, boutique apartments, or senior housing developments. Strategically located in the heart of Seminole County with walking distance of Publix, Pharmacy, Emergency clinic,Target, Concord Park, with excellent access to 17-92, I-4, and SunRail, this site offers strong connectivity to retail, employment hubs, and major transportation corridors. Close approximately to Altamonte Mall, Winter Park, Fine dining and Sanford International Airport. Very few infill opportunities of this size and lakefront quality remain in the market. Please do not walk the property without scheduling a tour.
Listing Courtesy of JOHN SADRI & COMPANY

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Location Information

  • Road Frontage["County Road"]

Basic Information

  • Property SubTypeMulti Family

Building

  • Building Area Source Owner
  • Year Built1951

Property Information

  • Acreage2.17
  • Construction Materials Block
  • Lot DescriptionWaterfront
  • Lot Size Square Feet 94,525
  • MFR Adjoining Property Church, Multi-Family, Residential
  • MFR Total Acreage 2 to less than 5
  • MFR Water Extras Private Lake Dues Required
  • Square Feet5,105

Basic Information

  • List Price$1,500,000
  • MLS NumberO6303824
  • Mls Status Active
  • StatusACT

Property

  • Living Area 5105
  • ZoningPRD

Utilities

  • Cooling Wall/Window Unit(s)

Amenities

  • Other AmenitiesLakefront, Waterfront, Water View

Water Body

  • MFR Water Access YN Yes
  • MFR Water View YN Yes
  • Water AccessLake
  • Water FrontageLake Front
  • Water ViewLake
  • Waterfront YN Yes

Tax Information

  • Tax Year 2024
  • Taxes$14,111

Location

  • Address417 Rain Lily Cove
  • AreaCasselberry
  • Building Number417
  • CountySeminole
  • StateFL
  • StreetRain Lily Cove
  • SubdivisionPark Place At Lake Kathryn
  • TownCasselberry
  • Township 21
  • Zip32707

Legal

  • Listing Agreement Exclusive Right To Sell
  • Parcel Number 08-21-30-542-0000-0020
  • Tax Legal Description LOT 2 PARK PLACE AT LAKE KATHRYN PLAT BOOK 84 PGS 85-86

Other

  • Date Listed04/30/2025
  • MFR Flood Zone Code X
Fusilier Realty Group

Your Local Office

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Fusilier Realty Group
Office: 407-281-8455
10016 Wellness Way
Orlando, FL 32832

Based on information submitted to StellarMLS as of May 14, 2025 . All data is obtained from various sources and has not been, and will not be, verified by broker or StellarMLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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