Development Site in Immokalee Listed for Sale for $23 Million

LSI Companies is pleased to present Williams Reserve at Lake Trafford, a premium property with great potential for large-scale, future residential, and commercial development.

The Williams Reserve property is a gorgeous old Florida property located adjacent to Lake Trafford in Immokalee, FL. The property has two access points on Lake Trafford Road and Immokalee Drive. The property currently operates as a diversified agricultural operation with active farming, cattle, and 115 acres of Valencia Grove. The Williams Reserve property has many unique features that make it a viable investment opportunity for near-term future residential development.

The property features approximately 2,247 gross acres with approximately 50% or 1,100 acres are considered wetlands and headwaters to lake Trafford. Partially situated within the City of Immokalee and within unincorporated Collier County, the property is within the Rural Lands Stewardship Overlay with a base agricultural zoning designation. This area of Collier County has been the subject of numerous studies determining the long-term development of the area. The property has long-term development potential as a master-planned residential community but must clear a number of permitting and development approvals.

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. However, this property’s Future Land Use is much more favorable and is classified as Urban Residential and Rural Mixed Use.

Subject to development designs from the Rural Land guidelines, a master-planned development known as a town is likely permissible. Discussions with engineers suggest that 2 units to the acre is feasible, indicating well over 4,000 units can be developed. However, the base density of the property is 1 unit per 5 acres and will need density allocated to the property from other land areas designated as sending lands. The ultimate density of the project will be in flux until numerous studies are performed, along with an analysis of needed credits from a stewardship matrix. Currently, there are roughly 153 acres entitled for 336 residential units.

Photo: LSI Companies

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