Zoned R-5 Development
For Sale
$559,000
428 Palmetto Street, New Smyrna Beach, FL 32168
Eight residential lots on Palmetto Street are zoned R-5 for single-family or duplex development.
Property SizeContact for details
Lot Size1.11 Acres
Days on Market44
Property Features for 428 Palmetto Street
General Information
Standard status
Active
Lot size
1.11 Acres
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 #3410351
(386) 295-9299
Source:
Exprealty
Added: Jun 30
Changed: Aug 8
Last Checked: Jul 20 at 4:11PM
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 residential lots located on either side of Palmetto Street. All parcels are zoned R-5 and may be developed as either single-family or duplex residences, subject to the City of Edgewater’s current zoning and use requirements.
Each lot is approximately 55 feet wide by 110 feet deep, and development requires two lots based on a minimum 75-foot width requirement in the City’s future land use plan. The parcels can be reconfigured to accommodate several duplex units for condominium and sale purposes, or as individual investor-held rental units.
This is a straightforward multi-lot assemblage for developers and builders looking for a flexible residential layout within the established R-5 framework.
Each lot is approximately 55 feet wide by 110 feet deep, and development requires two lots based on a minimum 75-foot width requirement in the City’s future land use plan. The parcels can be reconfigured to accommodate several duplex units for condominium and sale purposes, or as individual investor-held rental units.
This is a straightforward multi-lot assemblage for developers and builders looking for a flexible residential layout within the established R-5 framework.
Key Highlights
- Eight residential lots on Palmetto Street in Edgewater, FL
- All lots are zoned R‑5 and can be developed as single‑family or duplex homes
- Each lot averages ~55 ft wide by ~110 ft deep, with two lots required for development under a minimum 75' width requirement
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,327
Businesses Nearby
Explore this area
Business Placement
Demographics for 32168, FL
30,058
Population
16,439
Households
1.8
Avg Household Size
54
Median Age
31%
College-Educated
93%
High-School Grad
153.9 sq mi
ZIP Area
195
Density / Sq Mi
$72,967
Median Household Income
$41,076
Median Earnings
$1,608
Median Rent
$310,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Eight residential lots on Palmetto Street are zoned R-5 for single-family or duplex development.
Where is this residential land & home lot located?
The property is located at 428 Palmetto Street New Smyrna Beach, 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 residential lots on Palmetto Street in Edgewater, FL; All lots are zoned R‑5 and can be developed as single‑family or duplex homes; Each lot averages ~55 ft wide by ~110 ft deep, with two lots required for development under a minimum 75' width requirement
