Under contract-accepting backup offers. Exceptional opportunity to build new in one of Winter Park’s most desirable and established areas on the north shore of Lake Killarney. Situated on a spacious 0.34-acre lot, this property offers over one-third of an acre—providing ample room to design and construct a substantial custom home in a neighborhood known for its longtime charm, mature surroundings, and unbeatable location. With some homes nearby enjoying water access and lakefront settings, the area continues to be highly sought after for both renovation and new construction opportunities. Originally built in 1957, the existing ranch home is being offered for land value, presenting an ideal opportunity for builders, investors, or buyers looking to create their dream home in a prime Winter Park location. Perfectly positioned near Lee Road and I-4, the property offers quick access to downtown Winter Park, Park Avenue, Maitland, Orlando, top dining, shopping, entertainment, and everyday conveniences. Opportunities for oversized homesites in this location are becoming increasingly rare, especially in such a well-established and centrally located community. Whether you are a builder searching for your next project or a buyer looking to secure premium land in Winter Park, this property represents exceptional potential in a highly sought-after location.