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    3611 Indian River Dr Cocoa, FL 32926

    Sponsored
    For Sale
    $278,800

    Prime .52-Acre Lakefront Lot

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional .52-acre (22,651 sq ft) commercial and residential lot presents a unique investment opportunity in Cocoa, Florida. Located on Indian River Drive, just five miles north of Cocoa Village, this property boasts beautiful frontage on the Indian River and stunning lake views. The lot is situated alongside an eight-acre nature preserve, ensuring lasting privacy and natural beauty. The cleared, high elevation lot requires minimal fill for construction, making it ideal for immediate development. Included in the $278,800 asking price is membership in the Twin Lakes community HOA, costing $300 annually in 2024, which covers maintenance of common areas, the waterfront park, and dock. The property offers peek-a-boo views of the Indian River and is significantly larger than comparable lots in the area, which typically range from 7,800 to 9,500 square feet and command higher prices. A five-bedroom house plan (adaptable to four bedrooms plus an office) is available for the buyer's consideration. While viewing is permitted, please refrain from entering the property without prior contact. The total lot size is 23,958 square feet, and the property is zoned for both commercial and residential use.

    Property Features for 3611 Indian River Dr

    General Information

    Property type
    Land

    HighLights

    • $278,800 asking price.
    • 23,958 square foot lot.
    • Located at 3611 Indian River Drive, Cocoa, FL 32926.
    • Commercial and residential zoning.
    • Half‑acre lot with lake and river views.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Wholesale Shop Hair Salon Auto Repair Shop Nail Salon Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Cocoa
    County
    Brevard
    State
    Florida
    Longitude
    -80.7500262
    Latitude
    28.4130901

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    FAQs

    What type of property is this?
    Land - Prime .52-Acre Lakefront Lot
    Where is this land located?
    The property is located at 3611 Indian River Dr Cocoa, FL.
    What is the asking price?
    The asking price for this property is $278,800.
    What are key features of this property?
    This property features: $278,800 asking price.; 23,958 square foot lot.; Located at 3611 Indian River Drive, Cocoa, FL 32926.
    Request Owner's contact information
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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
    3611 Indian River Dr Cocoa, FL 32926
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