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    221 Crystal Bay Ln Melbourne Beach, FL 32951

    For Sale
    $450,000

    Prime 1-acre commercial lot, gated community.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 43,560 square foot commercial lot presents a rare opportunity in the highly sought-after gated community of Melbourne Beach, Florida. Situated between the Atlantic Ocean and the Indian River, this one-acre parcel is one of only five estate-sized lots within the community, offering unparalleled privacy and exclusivity. An artesian well is already installed, saving significant time and expense on development. Furthermore, comprehensive soil testing and a boundary survey were completed as recently as 2023, streamlining the permitting process for future construction. Enjoy convenient beach access, just a five-minute stroll away. The property's strategic location provides easy access to a Publix supermarket, diverse restaurants, two championship golf courses, and scenic hiking trails. A short drive connects you to the vibrant heart of Melbourne Beach, the natural beauty of Sebastian Inlet, and the iconic Ocean Drive in Vero Beach. The low HOA dues contribute to the overall affordability and desirability of this exceptional property. A large, private canal bordering the property is ideal for leisurely paddle boarding or kayaking; however, please note that it is not navigable to the Indian River. This is a truly unique opportunity to acquire a prime commercial waterfront lot in a prestigious location. The completed due diligence significantly reduces development risk and accelerates the path to realizing your vision.

    Property Features for 221 Crystal Bay Ln

    General Information

    Property type
    Land

    HighLights

    • $450,000 asking price
    • 1‑acre commercial land parcel (43,560 sq ft)
    • Located in Melbourne Beach, FL (32951)
    • Gated community with 5 estate‑sized lots
    • Waterfront property with artesian well
    • Soil testing and survey completed in 2023
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Auto Repair Shop Accounting Firm Kitchen & Bath Hotel & Motel Computer & Electronic Repair Travel Agency Garden Center Tech Support Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne Beach
    County
    Brevard
    State
    Florida
    Longitude
    -80.520206
    Latitude
    27.98226

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      Oceanfront Land: Melbourne Beach, FL

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    FAQs

    What type of property is this?
    Land - Prime 1-acre commercial lot, gated community.
    Where is this land located?
    The property is located at 221 Crystal Bay Ln Melbourne Beach, FL.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: $450,000 asking price; 1-acre commercial land parcel (43,560 sq ft); Located in Melbourne Beach, FL (32951)
    Request Owner's contact information
    221 Crystal Bay Ln Melbourne Beach, FL 32951
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    Melbourne Beach, FL 32951
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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
    221 Crystal Bay Ln Melbourne Beach, FL 32951
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