417 Rain Lily Cove Casselberry, FL 32707
Estimated payment $8,834/month
Highlights
- 43 Feet of Lake Waterfront
- 2.17 Acre Lot
- Oversized Lot
- Casselberry Elementary School Rated A-
About This Lot
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 Agent
JOHN SADRI & COMPANY Brokerage Phone: 407-619-9999 License #598235 Listed on: 11/25/2025
Property Details
Property Type
- Land
Est. Annual Taxes
- $14,111
Lot Details
- 2.17 Acre Lot
- Lot Dimensions are 255x670
- 43 Feet of Lake Waterfront
- Lake Front
- Property fronts a state road
- West Facing Home
- Oversized Lot
- Level Lot
- Property is zoned PRD MDR
Property Views
- Lake Views
Listing and Financial Details
- Tax Lot 2
- Assessor Parcel Number 08-21-30-542-0000-0020
Community Details
Overview
- Park Place At Lake Kathryn Subdivision
Recreation
- Access To Lake
- Water Skiing Allowed
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $14,111 | $822,360 | -- | -- |
| 2023 | $12,929 | $747,600 | $540,683 | $206,917 |
| 2021 | $10,815 | $639,659 | $472,625 | $167,034 |
| 2020 | $10,723 | $638,183 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/25/2025 11/25/25 | For Sale | $1,450,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $245,000 | Southeast Professional Title | |
| Warranty Deed | $250,000 | Prestige Title Llc |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $245,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $240,000 | Commercial |
Source: Stellar MLS
MLS Number: O6363226
APN: 08-21-30-542-0000-0020
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Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393
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