1545 PALM WAY, Sanford, FL, 32773 | $899,000

One or more photo(s) has been 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.

Features

  • Lot Size: 635' x 640'
  • Lot Desc: Cleared, Level, Pasture, Private, Street Dead-End, Zoned for Horses
  • View: Trees/Woods
  • Middle School: Sanford Middle
  • High School: Seminole High
  • MLS#: O6373841
  • Days on Market: 111 days
  • Website: https://www.raveis.com
    /prop/O6373841/1545palmway_sanford_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 5/15/2026 3:56:27 AM)
Listing courtesy of CREEGAN GROUP   Phone: 407-622-1111

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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1545 PALM WAY, Sanford, FL, 32773

$899,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $719,200 $719,200 $719,200
Term 360 months 360 months 180 months
Initial Interest Rate** 5.875% 6.125% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.312% 6.235% 6.164%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $4,254 $4,370 $6,069
Total Monthly Payment $4,346 $4,462 $6,161

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.