About This Property
Description from listing agentExceptional shovel-ready development opportunity in one of Melbourne's fastest-growing corridors! This fully entitled site is approved for eight townhomes, with the City of Melbourne site plan already fully approved--eliminating the time, expense, and uncertainty of the entitlement process. The cleared and graded property offers approximately 14,400 square feet of buildable area and is ready for horizontal construction, allowing developers to skip an estimated 12-18 months of approvals. Utilities, including water, sewer, and electric, are available at the property line, and the site fronts an improved, established roadway. Plans are designed for eight spacious 3-bedroom, 2.5-bath townhomes of approximately 1,800 square feet each. Located near Florida's thriving Space Coast with strong demand for new construction, this turnkey opportunity is ideal for builders, investors, or developers. Seller will consider an outright sale, joint venture, or build-to-suit arrangement.
Flood Risk
Flood zone data not yet available for this listing. Check FEMA Flood Map
Source: FEMA National Flood Hazard Layer. Insurance estimates are ranges only — get a quote for accurate pricing.
Price History
- 8/26/26Price change$449K -9.3%
- 7/21/26Listed$495K
Tracked by MaxxCity from the date each listing first appeared in our system — earlier history isn't available from the MLS feed.
Offer Intelligence
Price history and market context for this listing.
How we match comps
Comps are pulled directly from the Space Coast MLS — sold sales only, closed within the last 180 days. We apply hyper-local matching criteria in this order:
- ✓Same property type, always (single family, condo, townhouse, etc.)
- ✓Single-story homes compared only to single-story (and multi to multi)
- ✓Exact bedroom count
- ✓Bathrooms within ±0.5
- ✓Garage spaces within ±1
- ✓Pool status must match
- ✓Waterfront status must match
- ✓HOA must match (HOA community vs. no HOA)
- ✓Price within ±5–20% of list price (tightest in early tiers)
- ✓Square footage within ±10–25% (tighter in early tiers)
- ✓Year built always within ±5–20 years (never dropped)
We search in tiers, expanding the radius only as needed — starting in the same subdivision within 1 mile, then 2 miles, then the same neighborhood within 3 miles, and the same zip code within 5 miles as a last resort. For luxury homes ($5M+), where nearby comps are scarce, we widen the search to 5–20 miles. Year built is always required so comps are from the same era of construction. The median is weighted toward nearer sales, and sales within the last 90 days count 2× to reflect current market conditions.
Median estimate is based on similar active listings and homes that have sold within the last 180 days in this area, as reported through Brevard MLS. This is not an appraisal or a Comparative Market Analysis (CMA). Before making an offer, work with a licensed real estate agent to obtain a CMA, or hire a certified real estate appraiser for an independent valuation.
Additional Details
Schools
Elementary
Harbor City
Middle School
Hoover
High School
Melbourne
Financial & Listing Details
Estimated Monthly Payment
- Principal & interest
- $2,366
- Property taxes
- $449
- Insurance
- $150
Based on a 6.90% rate, 30-year loan, and $449K price — down payment shown: $89,800.
This is a quick estimate only — it does not include items like mortgage insurance, closing costs, or rate-lock terms. For an accurate payment based on your credit and finances, get pre-qualified with a certified bank or licensed mortgage brokerage.
