Zoned R-5 Duplex Development
For Sale
$559,000
428 Palmetto Street, Edgewater, FL 32132
Eight R-5 lots can be developed as single-family or duplex homes, with two lots typically needed per minimum width requirement.
Property SizeContact for details
Lot Size1.11 Acres
Days on Market61
Property Features for 428 Palmetto Street
General Information
Standard status
Active
Lot size
1.11 Acres
Property subtype
Land / Multi-Family
Zoning
R-5
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$4,256
Listing Agency:
Salty City Realty
(386) 295-9299
Listed By:
Pete Klironomos · License #3410351
(386) 295-9299
Source:
Compass
Added: Jun 14
Changed: Aug 8
Last Checked: Jul 20 at 2:13PM
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 on either side of Palmetto Street in Edgewater, Florida. Each parcel is zoned R-5 and may be developed for either single-family or duplex unit family homes, subject to the City of Edgewater’s current zoning and use requirements.
Per the provided information, the lots average approximately 55 feet in width by 110 feet in depth, and two lots are required to meet the city’s minimum 75-foot width requirement based on the future land use plan. The parcels may be reconfigured to accommodate several duplex units for condominium and sale purposes, or held as individual investor-rental units.
Overall, the property offers a straightforward assemblage of R-5 residential lots designed to support duplex-oriented development, subject to lot configuration and local approval.
Per the provided information, the lots average approximately 55 feet in width by 110 feet in depth, and two lots are required to meet the city’s minimum 75-foot width requirement based on the future land use plan. The parcels may be reconfigured to accommodate several duplex units for condominium and sale purposes, or held as individual investor-rental units.
Overall, the property offers a straightforward assemblage of R-5 residential lots designed to support duplex-oriented development, subject to lot configuration and local approval.
Key Highlights
- Eight total lots on either side of Palmetto Street in Edgewater, Florida
- All parcels are zoned R‑5 and can be developed as single‑family or duplex homes
- Each lot averages ~55 ft wide x ~110 ft deep; two lots are typically needed to meet the city’s minimum 75 ft width requirement
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
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 can be developed as single-family or duplex homes, with two lots typically needed per minimum width requirement.
Where is this residential land & home lot located?
The property is located at 428 Palmetto Street 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: Eight total lots on either side of Palmetto Street in Edgewater, Florida; All parcels are zoned R‑5 and can be developed as single‑family or duplex homes; Each lot averages ~55 ft wide x ~110 ft deep; two lots are typically needed to meet the city’s minimum 75 ft width requirement
