7308 Stuart Ave Melbourne Beach, FL 32951
This exceptional 7,405 square foot commercial and residential lot presents a unique opportunity in the desirable Sunnyland Beach community of Melbourne Beach, Florida. Located on a dead-end street, this cleared lot offers the convenience of city water and a remarkably low annual HOA fee of just $50. Enjoy the benefits of nearby deeded/gated beach access, providing easy access to the pristine coastline. For fishing enthusiasts, Sebastian Inlet, renowned for its excellent fishing, is a short 7-minute drive south. The property allows for the construction of a building up to three stories high. Included with a full-price offer are complete custom home plans for a stunning two-story residence boasting 2,624 square feet of living space and a two-car garage, totaling 4,436 square feet. Detailed elevations, a basic layout, and a survey are readily available. The property's prime location offers easy walking access to the Aquarina golf course and the South Beach Community Center, enhancing its appeal and value. This is an exceptional opportunity to build your dream home or develop a commercial venture in a highly sought-after coastal location. The property is situated in Brevard County, Florida, with a zip code of 32951.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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