$1,450,000
417 Rain Lily Cove Casselberry, FL 32707
For Sale MLS# O6363226
Commercial
Details for 417 Rain Lily Cove
MLS# O6363226
Description for 417 Rain Lily Cove, Casselberry, FL, 32707
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.
Listing Information
Property Type: Commercial
Status: Active
Lot Size: 2.17 Acres
Subdivision: Park Place At Lake Kathryn
Current Use: Commercial
County: Seminole
Utilities
Water: Public
Sewer: Public Sewer
Other Utilities: Electricity Available,Water Connected
Exterior / Lot Features
Lot View: Lake,Water
Lot Dimensions: 255X670
Additional Exterior/Lot Features: Flat, Level, Oversized Lot, Buildable
Out Buildings: Other
Waterfront Details
Water Front Features: Lake Privileges, Lake Front
Driving Directions
Take I-4 Express to Maitland. Take exit 90 A-B from I-4 E/ Merge onto FL-414 E/Maitland Blvd/ Follow S US 17 to Button Rd in Casselberry/ Continue on Button Rd. Take Seminola Blvd to Rain Lily Ct/Rain Lily Cv
Financial Considerations
Terms: Cash,Conventional
Tax/Property ID: 08-21-30-542-0000-0020
Tax Amount: 14111.49
Tax Year: 2024
A broker reciprocity listing courtesy: JOHN SADRI & COMPANY
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Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 417 Rain Lily Cove
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
Schools
Schools nearby 417 Rain Lily Cove
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Data powered by ATTOM Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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