4332 Cedar Way Edgewater, FL 32141
For Sale
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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.
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.