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Property profile

315 Island Dr Melbourne Beach, FL 32951

OFF-MARKET
Land
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Property summary

AI-generated overview

This exceptional 13,939 square foot vacant lot presents a unique opportunity to build your dream property in the desirable Riverside Landing community of Melbourne Beach, Florida. Located at 315 Island Drive, zip code 32951, this commercially and residentially zoned land offers unparalleled access to both the Atlantic Ocean and Indian River. Imagine waking up to breathtaking sunrises over the water and enjoying the convenience of nearby amenities. The property's location in Brevard County provides easy access to Melbourne's beautiful beaches, serene riverbanks, highly-rated schools, and a vibrant array of shopping and dining options. This is a rare chance to create a luxurious coastal retreat or develop a unique commercial venture in a highly sought-after location. The asking price for this remarkable property is $429,000. Don't miss this chance to secure your piece of paradise in this idyllic Florida coastal town. The property is conveniently located at the intersection of Island Drive and the Indian River. This is a truly exceptional opportunity to own a piece of waterfront property in a highly desirable location.

Property profile

Verified
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

Location

315 Island Dr Melbourne Beach, FL 32951
Melbourne Beach metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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