5861 Constellation Dr, Titusville, FL 32780
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.