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    1011 Italia Ct Melbourne, FL 32940

    For Sale
    $210,000

    Build Your Dream Home on 0.32 Acres

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    Prime 13,939 sq ft commercial/residential lot in Melbourne, Florida's desirable Suntree area is available for $210,000. Located at 1011 Italia Court, zip code 32940, this property presents a rare opportunity to build a custom home or commercial structure. The lot size is 0.32 acres, offering ample space for a substantial development. Situated within the prestigious San Marino Estates community, this lot benefits from the established amenities and desirable location. Only a limited number of lots remain, making this a highly sought-after opportunity. The property is zoned for both commercial and residential use, providing flexibility for various development plans. Buyers can choose their own builder, allowing for complete customization of their new construction project. Don't miss this chance to create your ideal property in a thriving Florida community. Act quickly, as this exceptional lot is expected to sell rapidly. The property is located in Brevard County, Florida.

    Property Features for 1011 Italia Ct

    General Information

    Property type
    Land

    HighLights

    • Prime 13,939 sq ft commercial/residential lot in Melbourne, FL's Suntree area.
    • Offered at $210,000, located at 1011 Italia Court, 32940.
    • 0.32‑acre lot in the San Marino Estates community.
    • Zoned for both commercial and residential use.
    • Buyers may choose their own builder.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Spa & Massage Building Supply Gym & Fitness Skin Care Clinic Auto Repair Shop Wholesale Shop Department Store HVAC Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.684448
    Latitude
    28.246139

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    FAQs

    What type of property is this?
    Land - Build Your Dream Home on 0.32 Acres
    Where is this land located?
    The property is located at 1011 Italia Ct Melbourne, FL.
    What is the asking price?
    The asking price for this property is $210,000.
    What are key features of this property?
    This property features: Prime 13,939 sq ft commercial/residential lot in Melbourne, FL's Suntree area.; Offered at $210,000, located at 1011 Italia Court, 32940.; 0.32-acre lot in the San Marino Estates community.
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    Melbourne, FL 32940
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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
    1011 Italia Ct Melbourne, FL 32940
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