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    Property profile & analytics

    290 Rita Blvd Melbourne Beach, FL 32951

    • Commercial real estate
    For Sale
    View listing
    $299,900
    Value Estimation
    Location Intelligence
    Property ID
    US18-6540214
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 290 Rita Blvd

    Property type
    Commercial real estate

    Description

    This exceptional .22-acre lot (9,583 sq ft) at 290 Rita Boulevard in Melbourne Beach, Florida (zip code 32951), presents a unique opportunity for commercial or residential development. Currently listed at $299,900, this property offers a limited-time price reduction for buyers closing by December 23, 2024. The land is conveniently located in Brevard County and is already cleared, featuring city water, septic, and an artesian well – making it build-ready. The property's zoning allows for both commercial and residential uses, providing flexibility for various development plans. Imagine building your custom home, taking advantage of the owner's builder expertise and creating a residence tailored to your specific needs. Alternatively, the lot's prime location offers significant potential for commercial ventures. Enjoy the enviable proximity to the beach, Spessard Holland Park, Flutie Field, Ocean Avenue's shops and restaurants, and Ryckman Park & Pier, all easily accessible by foot, bicycle, or golf cart. Don't miss this rare chance to acquire a versatile property in a highly desirable coastal location.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne Beach
    County
    Brevard
    State
    Florida
    Longitude
    -80.5459936
    Latitude
    28.0330859

    Comparable in this City

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    • $2,290,000

      Oceanfront Land, Melbourne Beach

      Prime oceanfront lot, build your dream home.
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    • $1,800,000

      Oceanfront Land: Melbourne Beach

      1.29-acre commercial/residential lot
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    • $429,000

      Melbourne Beach Waterfront Land

      Prime Coastal Lot, Ocean & River Access
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    • $2,599,900

      Oceanfront Land, Melbourne Beach

      Prime .5+ acre oceanfront lot, buildable.
      3425 Highway A1A, Melbourne Beach, FL 32951
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    • $2,950,000

      Oceanfront Land: Melbourne Beach, FL

      Prime .83-acre beachfront lot, $2.95M
      5765 Highway A1A, Melbourne Beach, FL 32951
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    Similar Nearby for Sale

    • $1,800,000

      Oceanfront Land: Melbourne Beach

      1.29-acre commercial/residential lot
      5660 Highway A1A, Melbourne Beach, FL 32951
      View Details
    • $429,000

      Melbourne Beach Waterfront Land

      Prime Coastal Lot, Ocean & River Access
      315 Island Dr, Melbourne Beach, FL 32951
      View Details
    • $2,599,900

      Oceanfront Land, Melbourne Beach

      Prime .5+ acre oceanfront lot, buildable.
      3425 Highway A1A, Melbourne Beach, FL 32951
      View Details
    • $2,290,000

      Oceanfront Land, Melbourne Beach

      Prime oceanfront lot, build your dream home.
      5835 Highway A1A, Melbourne Beach, FL 32951
      View Details
    • $1,950,000
      6.30 Acres

      Oceanfront A1A Land - Melbourne Beach

      6.3 Acres, Prime A1A Location, $1.95M
      6970 Florida A1A, Melbourne Beach, FL 32951
      View Details
    • $2,950,000

      Oceanfront Land: Melbourne Beach, FL

      Prime .83-acre beachfront lot, $2.95M
      5765 Highway A1A, Melbourne Beach, FL 32951
      View Details
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    290 Rita Blvd
    Melbourne Beach, FL 32951
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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