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    4332 Cedar Way Edgewater, FL 32141

    Sponsored
    For Sale
    $87,500

    Prime waterfront lot, build your dream home.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Discover a rare opportunity in the tranquil Terra Mar Village, an established waterfront community situated along the Intracoastal Waterway. This exceptional 5,000.69 square foot corner lot (lot 185) presents a unique chance to build a new home in a peaceful, low-traffic cul-de-sac. Zoned M5, this property offers the flexibility to construct a traditional block home, providing a desirable alternative to manufactured housing. The lot is cleared and flat, with a completed survey and county-approved variance for reduced setbacks, streamlining the building process. Unlike many communities, this lot requires no space rent, only a modest amenity fee covering access to luxurious amenities including two saltwater swimming pools, a newly constructed fishing pier with boat slips, a boat launch, and a clubhouse. Measuring approximately 50 x 100 feet, this property is located outside of a flood zone and has proven resilient during recent storms. A preliminary site plan is available for a 1,000 square foot, two-bedroom, two-bathroom block home with two driveways and a carport. Enjoy breathtaking rocket launches, fishing, boating, and the vibrant coastal lifestyle. This is an exceptional opportunity to build your dream home in a sought-after waterfront community. All information is believed to be accurate but is not guaranteed. Asking price: $87,500.

    Property Features for 4332 Cedar Way

    General Information

    Property type
    Multifamily properties

    HighLights

    • $87,500 asking price.
    • 5,000.69 sq ft lot size.
    • Located at 4332 Cedar Way, Edgewater, FL 32141.
    • M5 zoning allows for new block home construction.
    • Cleared, flat lot with approved variance for reduced setbacks.
    • No space rent; only modest amenity fee for community amenities including pools, fishing pier, boat launch, and clubhouse.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential income homes

    Suggested Use

    Restaurant Gym & Fitness Auto Repair Shop Accounting Firm Grocery Store Auto Parts Store Food Market Convenience Store Electrical Service Furniture Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Edgewater
    County
    Volusia
    State
    Florida
    Longitude
    -80.8651299
    Latitude
    28.914925

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    FAQs

    What type of property is this?
    Multifamily property - Prime waterfront lot, build your dream home.
    Where is this multifamily property located?
    The property is located at 4332 Cedar Way Edgewater, FL.
    What is the asking price?
    The asking price for this property is $87,500.
    What are key features of this property?
    This property features: $87,500 asking price.; 5,000.69 sq ft lot size.; Located at 4332 Cedar Way, Edgewater, FL 32141.
    (386) 527-5357
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    4332 Cedar Way Edgewater, FL 32141
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    Edgewater, FL 32141
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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
    4332 Cedar Way Edgewater, FL 32141
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