Zoned R-5 Development Land
For Sale
$559,000
420-428 PALMETTO St, Edgewater, FL 32132
Eight R-5 lots on Palmetto Street offer flexible development options for single-family or duplex homes.
Property SizeContact for details
Days on Market40
Property Features for 420-428 PALMETTO St
General Information
Standard status
Active
Property subtype
Land
Zoning
R-5
Taxes and HOA fees
Annual Taxes
$4,256
Listing Agency:
Salty City Realty
(386) 295-9299
Listed By:
Pete Klironomos · License #BK3410351
(386) 295-9299
Source:
Elliman
Added: Jul 5
Changed: Aug 8
Last Checked: Jul 5 at 9:10PM
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 Salty City Realty
Investment Insights
Based on property information with market context.
The subject property consists of eight total lots located on either side of Palmetto Street. All parcels are zoned R-5, allowing development into either single-family or duplex unit family homes per the City of Edgewater’s current zoning and use. Each lot is described as approximately 55 feet wide by 110 feet deep, and the city’s minimum 75-foot width requirement generally requires two lots for development. The parcels can also be reconfigured to accommodate several duplex units for condominium and sale purposes, or kept as individual investor-held rental units.
The property’s configuration as multiple adjacent lots along Palmetto Street provides an assembly opportunity for developers and investors working within the R-5 framework. The information provided identifies bikeability and walkability scores of 65 and 54, respectively, which may support tenant or resident access to nearby amenities depending on final site planning.
For buyers, the core value is the ability to structure the development approach around duplex or single-family product within R-5 zoning. Because the minimum width requirement typically calls for combining lots, due diligence on site layout, lot reconfiguration, and the city’s approval process will be important for confirming the final number and configuration of homes.
The property’s configuration as multiple adjacent lots along Palmetto Street provides an assembly opportunity for developers and investors working within the R-5 framework. The information provided identifies bikeability and walkability scores of 65 and 54, respectively, which may support tenant or resident access to nearby amenities depending on final site planning.
For buyers, the core value is the ability to structure the development approach around duplex or single-family product within R-5 zoning. Because the minimum width requirement typically calls for combining lots, due diligence on site layout, lot reconfiguration, and the city’s approval process will be important for confirming the final number and configuration of homes.
Key Highlights
- Subject property includes eight total lots on either side of Palmetto Street in Edgewater, FL.
- All parcels are zoned R‑5, allowing development as either single‑family or duplex homes.
- Each lot averages about 55' wide by 110' deep; the minimum development requirement is 75' width based on the city’s future land use plan.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
342
Businesses Nearby
Explore this area
Business Placement
Demographics for 32132, FL
8,189
Population
4,266
Households
1.9
Avg Household Size
52
Median Age
19%
College-Educated
93%
High-School Grad
7.0 sq mi
ZIP Area
1,170
Density / Sq Mi
$53,860
Median Household Income
$34,816
Median Earnings
$1,316
Median Rent
$234,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Eight R-5 lots on Palmetto Street offer flexible development options for single-family or duplex homes.
Where is this residential land & home lot located?
The property is located at 420-428 PALMETTO St Edgewater, FL.
What is the asking price?
The asking price for this property is $559,000.
What are key features of this property?
This property features: Subject property includes eight total lots on either side of Palmetto Street in Edgewater, FL.; All parcels are zoned R‑5, allowing development as either single‑family or duplex homes.; Each lot averages about 55' wide by 110' deep; the minimum development requirement is 75' width based on the city’s future land use plan.
