The subject property is located south of the Lake Ashton development and is in an area of numerous residential subdivisions. Water and sewer are supplied by the City of Winter Haven and appear to be about 2 miles west on the Old Bartow Road.Ideally located between Lake Wales and Winter Haven , the property consists of 97+/- acres with 2.8 +/-acres of wetlands. There is an agriculture exemption on the property and it includes a 3,300 +/- SF residence.The Property has been annexed into the City of Winter Haven and in 2008, it received Planned Unit Development (PUD) zoning. The PUD, #0853, allows for 296 single- family units, 60 condominium units, recreational amenities, and ancillary uses. There were 230 homes sold during 2016 in the subdivisions located north of the subject property. The residential development market has strengthened recently in the Winter Haven and Haines City areas.