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    5851 Constellation Dr Titusville, FL 32780

    For Sale
    $950,000

    12,632 sq ft commercial/residential lot

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    Exceptional 12,632 square foot lot in Titusville, Florida's desirable Shores at Tranquility gated community, presents a rare chance to build a dream home with breathtaking sunrise and rocket launch views. This commercial/residential property offers the unique possibility of combining with adjacent lots (49, 50, & 51, also available for purchase) to create an expansive estate. The Shores at Tranquility boasts planned amenities including tennis and pickleball courts, a dog park, fitness center, resort-style pool, playground, walking trails, community lakes, a clubhouse, an observation pier, and an on-site marina. A future community town center is planned, featuring a grocery store, restaurants, and shops. The community's prime location is directly across from the Kennedy Space Center and the Merritt Island Wildlife Refuge, providing a blend of recreation and tranquility. This 32780 zip code address offers a unique lifestyle opportunity. The asking price is $950,000.

    Property Features for 5851 Constellation Dr

    General Information

    Property type
    Land
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Building Supply Catering Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Titusville
    County
    Brevard
    State
    Florida
    Longitude
    -80.786344
    Latitude
    28.540896

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    FAQs

    What type of property is this?
    Land - 12,632 sq ft commercial/residential lot
    Where is this land located?
    The property is located at 5851 Constellation Dr Titusville, FL.
    What is the asking price?
    The asking price for this property is $950,000.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5851 Constellation Dr Titusville, FL 32780
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