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New 15-Unit Apartment Community
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187 Lake in the Woods Dr, Melbourne, FL 32901

Concrete townhome construction with flexible rental options and distinct end-unit and interior-unit floor plans.

Property SizeContact for details
Days on Market143

Property Features for 187 Lake in the Woods Dr

General Information

Standard status Active
Property subtype Multifamily

Units

Unit Mix 8 x 4BR/2.5BA, 7 x 3BR/2.5BA
Multifamily Units 15

Additional Details

Highway Access Yes

Building Details

Construction concrete
Listing Agency: MVP Sales Group of Waterman Real Estate
Listed By: Meili Viera · License #BK3215665
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 29 at 7:42PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of MVP Sales Group of Waterman Real Estate

Investment Insights

Based on property information with market context.

Hidden Woods is a 15-unit apartment community under construction at 187 Lake in the Woods Dr in Melbourne, Florida, with completion scheduled for Spring 2025. The development includes concrete construction, impact windows, stone and decorative siding, covered trussed porches, and finished interior details. Rental restrictions are not specified, allowing for short-term rentals, annual leases, or student housing.

The unit mix comprises 8 end units and 7 interior units. End units offer 4 bedrooms, 2.5 baths, a loft, a first-floor primary suite, a 1-car garage, and over 1,800 sq. ft. of living space. Interior units provide 3 bedrooms, 2.5 baths, a 1-car garage, and over 1,600 sq. ft. under air.

The property is near I-95, Harris, Florida Institute of Technology, Downtown Melbourne shopping and dining, and area beaches.

Key Highlights

  • 15‑unit community under construction with completion scheduled for Spring 2025
  • 8 end units with 4 bedrooms, 2.5 baths, lofts, first‑floor primary suites, and 1‑car garages
  • 7 interior units with 3 bedrooms, 2.5 baths, and 1‑car garages

Property Analytics

Current Use

Short term rental ...

Suggested Use

Top Pick Law Firm Real Estate Agency Electrical Service Parking Lot & Garage Pharmacy Food Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

15
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

676
Businesses Nearby

Demographics for 32901, FL

26,286
Population
13,241
Households
2
Avg Household Size
46
Median Age
31%
College-Educated
90%
High-School Grad
12.1 sq mi
ZIP Area
2,172
Density / Sq Mi
$50,646
Median Household Income
$31,929
Median Earnings
$1,349
Median Rent
$244,500
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Concrete townhome construction with flexible rental options and distinct end-unit and interior-unit floor plans.
Where is this apartment building located?
The property is located at 187 Lake in the Woods Dr Melbourne, FL.
What are key features of this property?
This property features: 15‑unit community under construction with completion scheduled for Spring 2025; 8 end units with 4 bedrooms, 2.5 baths, lofts, first‑floor primary suites, and 1‑car garages; 7 interior units with 3 bedrooms, 2.5 baths, and 1‑car garages
(321) 848-7344 Call to check price and availability
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