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    Calloway Ln Melbourne, FL 32901

    For Sale
    $59,000

    Cleared Lot, No HOA, Beach Access

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 14,375 square foot lot presents a prime investment opportunity in Melbourne, Florida. Located at 0 Calloway Lane, zip code 32901, this vacant land offers a rare chance to own property in a highly desirable area. The lot is already cleared, eliminating significant upfront development costs, and is conveniently situated just minutes from a variety of dining, shopping, and recreational options, including the beach. Adding to its appeal, this property is not located within a flood zone and boasts the added benefit of having no homeowner's association (HOA) fees. The asking price is $59,000. The property is zoned for both commercial and residential use, providing flexibility for a wide range of development possibilities. Its location in Brevard County, Florida, offers easy access to major transportation routes and amenities. This is a unique opportunity to acquire a versatile and well-situated lot in a thriving Florida community. Don't miss out on this chance to secure a piece of Melbourne's real estate market. The property's size and location make it ideal for various projects, from residential construction to small commercial ventures. The absence of HOA restrictions further enhances its appeal to investors seeking maximum flexibility and control.

    Property Features for 0 Calloway Ln

    General Information

    Property type
    Land

    HighLights

    • 14,375 SF vacant lot in Melbourne, FL (32901), located at 0 Calloway Lane.
    • Cleared lot, minimizing development costs.
    • Minutes from beaches, dining, and shopping.
    • No HOA fees and outside flood zone.
    • Asking price: $59,000.
    • Commercial and residential zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.6081444
    Latitude
    28.0657471

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    FAQs

    What type of property is this?
    Land - Cleared Lot, No HOA, Beach Access
    Where is this land located?
    The property is located at Calloway Ln Melbourne, FL.
    What is the asking price?
    The asking price for this property is $59,000.
    What are key features of this property?
    This property features: 14,375 SF vacant lot in Melbourne, FL (32901), located at 0 Calloway Lane.; Cleared lot, minimizing development costs.; Minutes from beaches, dining, and shopping.
    Request Owner's contact information
    Calloway Ln Melbourne, FL 32901
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    Melbourne, FL 32901
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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
    Calloway Ln Melbourne, FL 32901
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