A compelling five-acre residential development opportunity in the rapidly growing Osceola County market. Ideally located near Narcoossee Road, the property offers convenient access to U.S. Highway 192, Lake Nona, Orlando International Airport, major employment centers, shopping, schools, and surrounding residential growth.

Current Zoning: AC
Future Land Use: Low Density Residential

Under the current land use designation, the property offers the potential for approximately 14–16 single-family homes, with additional upside of up to 28 homes if successfully rezoned to Medium Density Residential, subject to City approval. The parcel directly south is around the same size and was developed as a 17-home subdivision. 

City water and sewer are available. The property also features an existing 4-bedroom, 3-bath residence with an in-ground pool, providing potential interim rental income, owner occupancy, or a construction office during development.

The following example is based on a 16-home community consisting of approximately 1,800-square-foot single-family residences:

• Estimated Gross Sales: $7,200,000 (450k per house)
• Land Acquisition: $995,000
• Estimated Construction: $4,320,000 ($150 per square foot)

Investment Highlights:

• 4.87-acre residential development site
• City water and sewer available
• Current development potential of approximately 14–16 homes
• Potential to build approximately 28 homes through successful rezoning
• Existing residence provides interim income or operational flexibility
• Excellent access to Lake Nona, Orlando International Airport, and major transportation corridors
• Located in one of Central Florida's strongest residential growth markets

Whether developed under the current land use designation or repositioned through the entitlement process, this property offers a rare opportunity to create significant value in one of Central Florida's most active housing markets.

Contact your EquityPro Advisor today for additional information, due diligence materials, and pricing.