1520 Beechfern Dr Melbourne, FL 32935

Property Details for 1520 Beechfern Dr

Property type

Commercial real estate

Description

This exceptional offering presents twelve approved residential lots in Melbourne, Florida, ready for development. Located at 1520-1523 Beechfern Dr, 32935, these lots are part of the existing Mosswood Town Homes community, with final plat approval granted in January 2023. The property comprises two blocks (E and F), offering a mix of two-story townhome designs. Block E features 2-bedroom, 2.5-bathroom units with a 2-car garage, totaling 1,885 square feet (1,362 sq ft under air), while Block F offers 3-bedroom, 2.5-bathroom units with a 2-car garage, totaling 2,152 square feet (1,614 sq ft under air). All lots include curb, gutter, and paved streets, along with utilities. The attractive asking price of $1,100,000 presents a compelling investment opportunity. The property benefits from a well-established HOA, currently charging $240 per unit (increasing to $252 on 1/1/23), covering extensive exterior maintenance, including lawn care, roof maintenance/replacement, exterior painting, road maintenance, lighting, retention pond maintenance, sidewalks, irrigation, guest parking, landscaping, tree maintenance, and exterior insurance. The community enjoys convenient access to US-1, Eau Gallie Blvd., Wickham Road, A1A, I-95, schools, parks, shopping, restaurants, and Melbourne International Airport. Detailed site plans are available upon request. Zoned R-2 Medium Density Residential, this development offers significant potential for investors and builders. City of Melbourne water and sewer services are available, along with AT&T and Spectrum cable options.