$325,000
●
Land -
For Sale
1475 Windchime Lane
Melbourne, FL 32935
Studio
0 Bath
$2,699
Est. Monthly
$955
HOA / Fees
About This Property
Permit for dock construction in place. Set within the private,
gated enclave of Hidden Harbor Estates, this homesite offers a
distinctive take on waterfront living. Direct river access to the
Eau Gallie is already in place, with a community dock, kayak
launch, and a limited selection of boat slips designed for
effortless days on the water. The environment is both polished and
relaxed, with a pool and cabana that create a natural extension of
the lifestyle. While the surrounding area provides convenience, the
community itself maintains a sense of calm separation. For those
looking to design a custom residence in a setting that prioritizes
both access and privacy, this opportunity stands apart.
Unit Size
-
Days on Market
143 days
Land Size
0.34 acres
Price per sqft
-
Property Type
Land
Property Taxes
$148
HOA Dues
$955
Year Built
-
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 3 months ago (Space Coast MLS #1076854)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 8, 2026 | Listed by Compass Florida, LLC | $325,000 | |
| Listed by Compass Florida, LLC | |||
| Jun 18, 2025 | Listed | $449,777 | |
| Listed | |||
| | |||
|
Build your dream home and custom dock in Hidden Harbor Estates—Brevard County's newest gated riverfront community blending tropical beauty with luxury living. This prime dock-approved lot offers the chance to design a custom home with your own dock and lush landscaping, overlooking the Eau Gallie River and conservation land. Select from customizable floor plans or bring your own builder for flexibility and quality. A resort-style pool is coming soon, and a private community dock allows for boating, kayaking, and fishing with direct Indian River access. Enjoy proximity to the Eau Gallie Arts District, Atlantic Ocean beaches, Melbourne International Airport, and just 45 minutes to Orlando's theme parks. Hidden Harbor Estates isn't just a neighborhood—it's a luxury lifestyle designed for your Florida sanctuary.
| |||
Property Highlights
With View
Exterior Details
Security Features: Security Gate
Waterfront Features: River Access, River Front
Waterbody Name: Eau Gallie River
Lot Features: Cleared
Lot Size Area: 0.34
Lot Size Units: Acres
Lot Size Acres: 0.34
Lot Size Square Feet: 14810
Water Source: Public
Financial Details
Tax Annual Amount: $1,773
Utilities Details
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Maintenance Grounds
HOA/Condo/Coop Amenities: Boat Dock, Gated, Maintenance Grounds, Management, Pool, Spa/Hot Tub
HOA Fee: $640
HOA Fee Frequency: Quarterly
Condo/Coop Fee: $315
Condo/Coop Fee Frequency: Quarterly
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About Melbourne
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Listed by: DeWayne Carpenter, Compass Florida, LLC
Last Updated: 3 months ago
Data Source: Space Coast MLS, MLS# 1076854
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Last Updated: 3 months ago
Data Source: Space Coast MLS, MLS# 1076854
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