For Sale
$1,630,000

290 Milky WayWinter Springs, FL 32708

5.47 Acres, Prime Townhouse Site

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 5.47-acre commercial land parcel in Winter Springs, Florida, presents a remarkable investment opportunity. Located at 290 & 300 Tuskawilla Road & 1258 Milky Way, this property boasts 460 feet of frontage on Tuskawilla Road, a major thoroughfare with an impressive 34,000 average annual daily traffic count (AADT). The site is entirely buildable, with no wetlands, making it ideal for a townhouse development. The asking price of $1,630,000 reflects a price per acre of $47,900, calculated to accommodate approximately 34 lots, plus an area designated for master retention. The property is zoned A-1 with a Future Land Use designation of MDR (Seminole County), and both the City of Winter Springs and a neighboring Homeowners Association support rezoning and utility annexation. Its strategic location offers convenient access to major roadways, including proximity to SR 434, and easy access to the SR 434 & SR 417 (GreeneWay) interchange (3 miles) and the SR 434 & US Hwy 17-92 interchange (5 miles). Furthermore, its proximity to Winter Springs Marketplace and Winter Springs Town Center shopping centers, as well as Keeth Elementary and Indian Trails Middle Schools, enhances its appeal and potential. This property represents a rare opportunity to develop a thriving residential community in a highly desirable location. The 32708 zip code further underscores the property's prime location within Winter Springs, Seminole County.

Highlights

  • Ideal townhouse site; 100% buildable, no wetlands.
  • 5.47± acres total, including area for master development.
  • Priced at $47,900 per lot for 34 lots, plus allowance for master retention.
  • 460 feet of frontage on Tuskawilla Road (34,000 AADT).
  • City of Winter Springs and adjacent HOA support rezoning and utility annexation.
  • A-1 zoning; MDR Future Land Use designation (Seminole County).

Property Details for 290 Milky Way

Property type
Land
Lot Size (sq. ft)
238,273 SF

Location Insight

City
Winter Springs
County
Seminole
State
Florida
Latitude
28.6940463
Longitude
-81.2639338
290 Milky Way, Winter Springs, Florida

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290 Milky Way
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