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    315 Island Dr Melbourne Beach, FL 32951

    Sponsored
    For Sale
    $429,000

    Prime Coastal Lot, Ocean & River Access

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 13,939 square foot vacant lot presents a unique opportunity to build your dream property in the desirable Riverside Landing community of Melbourne Beach, Florida. Located at 315 Island Drive, zip code 32951, this commercially and residentially zoned land offers unparalleled access to both the Atlantic Ocean and Indian River. Imagine waking up to breathtaking sunrises over the water and enjoying the convenience of nearby amenities. The property's location in Brevard County provides easy access to Melbourne's beautiful beaches, serene riverbanks, highly-rated schools, and a vibrant array of shopping and dining options. This is a rare chance to create a luxurious coastal retreat or develop a unique commercial venture in a highly sought-after location. The asking price for this remarkable property is $429,000. Don't miss this chance to secure your piece of paradise in this idyllic Florida coastal town. The property is conveniently located at the intersection of Island Drive and the Indian River. This is a truly exceptional opportunity to own a piece of waterfront property in a highly desirable location.

    Property Features for 315 Island Dr

    General Information

    Property type
    Land

    HighLights

    • 13,939 SF vacant lot in desirable Melbourne Beach, FL.
    • Commercially and residentially zoned, located at 315 Island Drive, 32951.
    • Unparalleled access to the Atlantic Ocean and Indian River.
    • Asking price: $429,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Accounting Firm Auto Repair Shop Hotel & Motel Computer & Electronic Repair Tech Support Center Garden Center Bike Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne Beach
    County
    Brevard
    State
    Florida
    Longitude
    -80.5220534
    Latitude
    27.9872639

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    Nearby Similar for Sale

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    • Contact for pricing
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    FAQs

    What type of property is this?
    Land - Prime Coastal Lot, Ocean & River Access
    Where is this land located?
    The property is located at 315 Island Dr Melbourne Beach, FL.
    What is the asking price?
    The asking price for this property is $429,000.
    What are key features of this property?
    This property features: 13,939 SF vacant lot in desirable Melbourne Beach, FL.; Commercially and residentially zoned, located at 315 Island Drive, 32951.; Unparalleled access to the Atlantic Ocean and Indian River.
    Request Owner's contact information
    315 Island Dr 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
    315 Island Dr Melbourne Beach, FL 32951
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