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    1492 Lavender Dr Melbourne, FL 32940

    For Sale
    $229,000

    Luxury homesite, .31 acres, waterfront views

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional .31-acre lot, located at 1492 Lavender Drive in Melbourne, Florida (zip code 32940), presents a unique opportunity to build a dream home. Boasting 13,504 square feet, the property offers both waterfront and preserve views, ensuring privacy and tranquility. The lot's northwest-facing backyard provides stunning sunset views while minimizing potential road noise. Situated in the desirable Aripeka neighborhood of West Viera, this location combines peaceful natural surroundings with convenient access to all that Viera has to offer. Aripeka features abundant trees, including mature oaks, numerous lakes, and extensive trails, creating a serene yet central living experience. The asking price for this premium lot is $229,000. This is a rare chance to own a piece of this sought-after community, combining luxury, nature, and convenience. The property is zoned for both commercial and residential use.

    Property Features for 1492 Lavender Dr

    General Information

    Property type
    Land

    HighLights

    • .31‑acre lot in desirable West Viera, Melbourne, FL (32940).
    • 13,504 sq ft lot with waterfront and preserve views.
    • Northwest‑facing backyard offers sunset views.
    • Located in the Aripeka neighborhood, offering a serene yet convenient lifestyle.
    • Zoned for both commercial and residential use.
    • Asking price: $229,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.7160287
    Latitude
    28.2066258

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    FAQs

    What type of property is this?
    Land - Luxury homesite, .31 acres, waterfront views
    Where is this land located?
    The property is located at 1492 Lavender Dr Melbourne, FL.
    What is the asking price?
    The asking price for this property is $229,000.
    What are key features of this property?
    This property features: .31-acre lot in desirable West Viera, Melbourne, FL (32940).; 13,504 sq ft lot with waterfront and preserve views.; Northwest-facing backyard offers sunset views.
    Request Owner's contact information
    1492 Lavender Dr 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
    1492 Lavender Dr Melbourne, FL 32940
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