2903 Lake Trafford Rd
Immokalee, FL 34142

Williams Farms 153 is a gorgeous old Florida property located adjacent to Lake Trafford in Immokalee, FL. This site is filled with mature landscape and offers all the privacy of owning your own secluded ranch while offering the convenience of being minutes from town. The property has many unique features that make it a viable investment opportunity for near-term future residential development. The property is currently zoned Agricultural with a Mobile Home Overlay district in place (A-MHO). Under this zoning, the property primarily functions as an agricultural operation but also has the ability to build mobile homes on the site. The density entitlements under this zoning allow for 1 mobile home on each 5 acre tract of land (1DU/5 acres). This equates to 30 homes permitted on the site under current zoning regulations. The property’s Future Land Use designation is much more favorable and is classified as LR (Low Residential). Under the LR guidelines of the land development code, density entitlements allow for up to 4 dwelling units per acre (4 DU/acre). Under this classification, a land owner could be permitted up to 612 homesites with a rezone of the property. The surrounding area has experienced continued success of residential development as evidenced by the adjacent Arrowhead development, a value-oriented community with homes priced $180,000-$200,000 on 60’ lots. This community had previously encountered slow absorption rates in the past, but sales have increased over the past few selling seasons. With such a large supply of existing developed lots in the Arrowhead community, a developer might experience greater success with a product differentiation such as agricultural estates. Utilities are in close proximity to the site and are believed to have additional capacity for future connection. Williams Farms 153 is a premium transitional property with strong upside for future development.