221 Crystal Bay Ln Melbourne Beach, FL 32951
This exceptional 43,560 square foot commercial lot presents a rare opportunity in the highly sought-after gated community of Melbourne Beach, Florida. Situated between the Atlantic Ocean and the Indian River, this one-acre parcel is one of only five estate-sized lots within the community, offering unparalleled privacy and exclusivity. An artesian well is already installed, saving significant time and expense on development. Furthermore, comprehensive soil testing and a boundary survey were completed as recently as 2023, streamlining the permitting process for future construction. Enjoy convenient beach access, just a five-minute stroll away. The property's strategic location provides easy access to a Publix supermarket, diverse restaurants, two championship golf courses, and scenic hiking trails. A short drive connects you to the vibrant heart of Melbourne Beach, the natural beauty of Sebastian Inlet, and the iconic Ocean Drive in Vero Beach. The low HOA dues contribute to the overall affordability and desirability of this exceptional property. A large, private canal bordering the property is ideal for leisurely paddle boarding or kayaking; however, please note that it is not navigable to the Indian River. This is a truly unique opportunity to acquire a prime commercial waterfront lot in a prestigious location. The completed due diligence significantly reduces development risk and accelerates the path to realizing your vision.
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.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.