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    290 Rita Blvd Melbourne Beach, FL 32951

    Sponsored
    For Sale
    $299,900

    .22 Acre Lot, Build Your Dream Home

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional .22-acre lot (9,583 sq ft) at 290 Rita Boulevard in Melbourne Beach, Florida (zip code 32951), presents a unique opportunity for commercial or residential development. Currently listed at $299,900, this property offers a limited-time price reduction for buyers closing by December 23, 2024. The land is conveniently located in Brevard County and is already cleared, featuring city water, septic, and an artesian well – making it build-ready. The property's zoning allows for both commercial and residential uses, providing flexibility for various development plans. Imagine building your custom home, taking advantage of the owner's builder expertise and creating a residence tailored to your specific needs. Alternatively, the lot's prime location offers significant potential for commercial ventures. Enjoy the enviable proximity to the beach, Spessard Holland Park, Flutie Field, Ocean Avenue's shops and restaurants, and Ryckman Park & Pier, all easily accessible by foot, bicycle, or golf cart. Don't miss this rare chance to acquire a versatile property in a highly desirable coastal location.

    Property Features for 290 Rita Blvd

    General Information

    Property type
    Land
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Spa & Massage Gym & Fitness Accounting Firm Pharmacy Department Store Grocery Store Hotel & Motel Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne Beach
    County
    Brevard
    State
    Florida
    Longitude
    -80.5459936
    Latitude
    28.0330859

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    FAQs

    What type of property is this?
    Land - .22 Acre Lot, Build Your Dream Home
    Where is this land located?
    The property is located at 290 Rita Blvd Melbourne Beach, FL.
    What is the asking price?
    The asking price for this property is $299,900.
    Request Owner's contact information
    290 Rita Blvd 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
    290 Rita Blvd Melbourne Beach, FL 32951
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