1545 Palm Way, Sanford, FL 32773

$725,000

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Sold Price
$725,000
List Price
$899,000
Status
Sold
Days on Market
140
Closing Date
Jul 15, 2026
MLS#
O6373841
Lot Size
406,400
Acres
9.32
Total Acreage
5 to less than 10
Legal Subdivision Name
Palm Hammock
MLS Area Major
Sanford

Property Description

Virtually Staged. Seller is willing to SPLIT the property into two 5 acre parcels and sell separately. Tucked away at the end of a quiet street, this nearly 10-acre, fully fenced parcel in Sanford offers a rare opportunity to own expansive, usable land with no HOA and exceptional flexibility. Zoned A-1, the property not only supports agricultural use, horses, livestock, and a private farmstead, but may also be subdivided, making it ideal for future development, multi-generational living, or long-term investment. The front portion of the property is already cleared and build-ready, allowing you to move forward immediately with plans for a custom estate, additional homes, barns, paddocks, riding arena, or other improvements. Utilities are already in place, eliminating a major upfront hurdle and saving both time and cost. One of the most valuable advantages of this property is the ability to live on-site while you build, offering convenience, flexibility, and peace of mind throughout the construction process. The existing elevated stilt home provides comfortable interim or long-term living and features 2 bedrooms and 1 bathroom, with an additional area that can easily be enclosed for a third bedroom or flexible space. The structure below—previously used as a barn—adds further functionality for storage, livestock, equestrian use, or a workshop. Recent updates include a 2022 roof, 2018 A/C, 2021 plumbing, and an updated electrical panel. Private and serene, yet just minutes from Sanford Airport, SR-417, shopping, dining, and everyday conveniences, this property offers the best of both worlds—the freedom of acreage living with easy access to Central Florida amenities. Whether your vision includes building a custom estate, creating an equestrian compound, developing the land, or securing a versatile investment property, this unique Sanford offering provides the space, infrastructure, and flexibility to bring it to life.

Additional Information

Taxes
$1722
Location
Cleared, Level, Pasture, Private, Street Dead-End, Unpaved, Zoned for Horses
Community Features
No Deed Restriction
Zoning
A-1
Utilities
Electricity Available, Utility Pole, Water Connected
Pool
No Pool
Middle School
Sanford Middle
High School
Seminole High
Fences
Wood
Flood Zone Code
X
Parcel ID
17-20-31-5AZ-0000-0240
Legal Description
LOT 24 PALM HAMMOCK PB 1 PG 104

Listing courtesy of CREEGAN GROUP. 407-622-1111

Selling Office: CREEGAN GROUP.

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