0 HWY 557 Polk City, FL $ 12,000,000
0 HWY 557
$ 12,000,000
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0 HWY 557

Polk City, FL, 33868
$ 12,000,000
Baths0.0

Monthly Estimate*

$ 74,864

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Studio

Lots and Land for sale in Polk City, FL

for $12,000,000. The lot size is 305.77.

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 at the intersection of CR 557C 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.

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Lots and Land Active

Price

$ 12,000,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

$ 1,244

Style

Lot Size

305.77

Town/City

Polk City

County/Region

Polk

MLS | Web ID

L4958007

Features
General
Sewer None
Utilities Electrical Nearby Sewer Nearby Water Nearby
Possession Close Of Escrow
Zoning RC
Security Features Security Fencing/Lighting/Alarms
Tax Year 2024
Current Use Agricultural
Ownership Fee Simple
County Polk
Property Type Land
Facing Direction West
Other Structures Barn(s)
Status Active
Directions From I-4 take exit 44 toward Polk City. Turn L onto SR 559 R on CR 557.
City POLK CITY
MLS Area 33868 - Polk City
Lot Size Units Acres
Lot Size Square Feet 13319459
Listing Terms Cash
Tax Annual Amount 1244.9
Additional Parcels Y/N false
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Legal Description ALL THAT PART OF S 3/4 OF SEC WHICH LIES ELY OF CR 557 LESS R/W FOR WAYLANCO RD & LESS ADDNL R/W PER OR 13293 PG 261
Water Access Y/N false
Water View Y/N false
Flood Zone Code AE
DockY/N false
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Interior
Total Baths 0
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Exterior
Vegetation Mature Landscaping
Lot Features In County Irregular Lot May Need To be Filled
Water Source None
Lot Size Area 305.7727
Lot Dimensions irr
Lot Size Acres 305.77
Road Surface Type Paved
Waterfront Y/N false
Road Frontage Type Street Paved Highway
Number of Lots 1
Road Responsibility Public Maintained Road
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* Excluded Features
List By
Nexthome Norris & Company Real

Broker

nh@norrisandcompanyrealty.com

Email

Affordability Calculator

$74,968
Per Month
100%
0%
0%
Monthly Principal & Interest
$74,864
Monthly Property Taxes
$104
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/19/2025$12,000,000 Listed Price

Map


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0 HWY 557, Polk City, FL, 33868 is a Lots and Land for sale at $12,000,000 with a lot size of 305.77. 0 HWY 557 is a studio with 0.0 baths. The property's zip code is 33868 which is in Polk City, FL