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    OFF-MARKET
    Land

    5861 Constellation Dr, Titusville, FL 32780

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    Property summary
    AI-generated overview

    Exceptional opportunity to acquire a 12,632 square foot commercial and residential land parcel located at 5861 Constellation Drive, Titusville, Florida, 32780. This property presents a rare chance to build a spectacular waterfront home within the gated Shores at Tranquility community. Enjoy breathtaking sunrise views and the added benefit of potential rocket launch viewing opportunities. Adjacent lots are also available for purchase, allowing for the creation of a single, double, or even triple-lot estate. The Shores at Tranquility offers a wealth of planned amenities, including tennis and pickleball courts, a dog park, fitness center, resort-style swimming pool, playground, extensive walking trails, community lakes and ponds, a clubhouse, an observation pier, and an on-site marina. Future development plans for the 350-acre Tranquility campus include a town center featuring a grocery store, restaurants, shops, and more. This prime location is directly across from the Kennedy Space Center and the Merritt Island Wildlife Preserve, providing a unique blend of recreational opportunities and tranquil living. The asking price for this exceptional property is $950,000.

    Property profile
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    Property type Land
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
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    Permitted uses
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