7
Map
$498,000
●
Land -
In Contract
1570 N Hwy A1a
Indialantic, FL 32903
Studio
0 Bath
$2,727
Est. Monthly
About This Property
Possible Ocean View | Corner Lot
This rare and prime residential-commercial vacant lot offers the perfect opportunity to build your dream home or take advantage of BU1-A zoning for commercial use. Situated on a spacious 0.45-acre corner lot, this property boasts the potential for an ocean view from the second floor if a two-story structure is built.
Enjoy quick beach access, with just a 30-second walk to the ocean crossover, where you can step directly onto the sand. The back of the property features a cement wall, providing added privacy and security.
Before proceeding, it's recommended to verify zoning and planning regulations to ensure your intended use aligns with requirements. Additionally, Airbnb rentals are permitted in this location, making it a fantastic investment opportunity.
With great restaurants and shops nearby, this property offers both convenience and a dream location for residential or commercial development.
This rare and prime residential-commercial vacant lot offers the perfect opportunity to build your dream home or take advantage of BU1-A zoning for commercial use. Situated on a spacious 0.45-acre corner lot, this property boasts the potential for an ocean view from the second floor if a two-story structure is built.
Enjoy quick beach access, with just a 30-second walk to the ocean crossover, where you can step directly onto the sand. The back of the property features a cement wall, providing added privacy and security.
Before proceeding, it's recommended to verify zoning and planning regulations to ensure your intended use aligns with requirements. Additionally, Airbnb rentals are permitted in this location, making it a fantastic investment opportunity.
With great restaurants and shops nearby, this property offers both convenience and a dream location for residential or commercial development.
Unit Size
-
Days on Market
-
Land Size
0.45 acres
Price per sqft
-
Property Type
Land
Property Taxes
$281
HOA Dues
-
Year Built
-
Listed By
Shrinivas Joshi
Dream Realty
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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: 2 years ago (Space Coast MLS #1041976)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 4, 2025 | In contract | - | |
| In contract | |||
| Apr 2, 2025 | Listed by Dream Realty | $498,000 | |
| Listed by Dream Realty | |||
| Nov 12, 2023 | No longer available | - | |
| No longer available | |||
| Oct 10, 2023 | Listed by Premier Properties Real Estate, Inc. | $595,000 | |
| Listed by Premier Properties Real Estate, Inc. | |||
| | |||
|
Rare to find, prime residential vacant lot to build dream home or use BU1-A zoning and go commercial! 232 feet on A1A Hwy Indialantic Fl. and 120 feet deep on the South property line. A total of .45 acres on a corner lot. Possible ocean view from the second floor with two story structure built. Walk in 30 seconds to ocean crossover and get your feet in the sand. The rear of the property has a cement wall. Check with planning and zoning if your planned use will be allowed and fit the requirement. AIR B N B PERMITTED AT THIS LOCATION. Many great restaurants and shops close by so this is dream location for convenience.
| |||
| Sep 20, 2023 | No longer available | - | |
| No longer available | |||
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Property Highlights
Parking Available
Exterior Details
Lot Features: Wooded, Other
Lot Size Area: 0.45
Lot Size Units: Acres
Lot Size Acres: 0.45
Lot Size Square Feet: 19602
Water Source: Public
Financial Details
Tax Annual Amount: $3,375
Utilities Details
Sewer : Public Sewer
Comparables
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Type
Beds
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About Terrace Shores
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Listed by: Shrinivas Joshi, Dream Realty
Last Updated: 2 years ago
Data Source: Space Coast MLS, MLS# 1041976
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: 2 years ago
Data Source: Space Coast MLS, MLS# 1041976
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