Own 11.54 Prime Acres in the Heart of Melbourne and the Desirable Lake Washington Area! This versatile property offers a unique opportunity to build your dream single-family estate or capitalize on its development potential. A portion of the land lies within the county, while 5.03 acres are fully entitled for multi-family development and annexed into the City of Melbourne. These 5.03 acres are shovel-ready, with approvals in place for 11 duplex buildings (22 total units)—a rare turnkey opportunity. City water and sewer are already accessible to the 5.03 acres, and a full set of construction plans and due diligence documents are included, saving you valuable time and resources.
Whether you're looking to create a private residential compound or develop a high-demand multi-family project, this site offers exceptional value in a rapidly growing area. Opportunities like this in such a sought-after location don't come around often!
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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