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Property profile

4332 Cedar Way Edgewater, FL 32141

FOR SALE
Land
Property ID
US18-5130654
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Property summary

AI-generated overview

Discover a rare opportunity in the tranquil Terra Mar Village, an established waterfront community situated along the Intracoastal Waterway. This exceptional 5,000.69 square foot corner lot (lot 185) presents a unique chance to build a new home in a peaceful, low-traffic cul-de-sac. Zoned M5, this property offers the flexibility to construct a traditional block home, providing a desirable alternative to manufactured housing. The lot is cleared and flat, with a completed survey and county-approved variance for reduced setbacks, streamlining the building process. Unlike many communities, this lot requires no space rent, only a modest amenity fee covering access to luxurious amenities including two saltwater swimming pools, a newly constructed fishing pier with boat slips, a boat launch, and a clubhouse. Measuring approximately 50 x 100 feet, this property is located outside of a flood zone and has proven resilient during recent storms. A preliminary site plan is available for a 1,000 square foot, two-bedroom, two-bathroom block home with two driveways and a carport. Enjoy breathtaking rocket launches, fishing, boating, and the vibrant coastal lifestyle. This is an exceptional opportunity to build your dream home in a sought-after waterfront community. All information is believed to be accurate but is not guaranteed. Asking price: $87,500.

Property profile

Verified
Property type Land
UPID US18-5130654

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

4332 Cedar Way Edgewater, FL 32141
Edgewater 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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