4
Map
$92,000
●
Land -
Off Market
2615 Plantation Drive
Melbourne, FL 32901
Studio
0 Bath
$394
Est. Monthly
About This Property
Exceptional Oversized Lot Near Florida Institute of Technology.
Presenting a unique opportunity to own a 0.32-acre cleared lot,
perfectly located close to the Florida Institute of Technology.
This oversized parcel is zoned for single-family residences, making
it an ideal choice for developing student rental housing or your
custom dream home. The lot backs to a second lot also currently
available for sale, offering a prime opportunity to acquire two at
once!
No other lots are currently available in this beautiful, quiet, and well-established neighborhood. Its prime location ensures easy access to both downtown Melbourne and West Melbourne, offering a variety of shopping, dining, and entertainment options just minutes away. Additionally, proximity to top local employers enhances the appeal for potential tenants or homeowners.
Vacant land in Melbourne is a rare find, and this exceptional lot is not likely to be available again. Embrace the possibilities this property offers and invest in one of the city's most desirable areas.
Contact us today for more information and feel free to drive by to view this remarkable opportunity for yourself.
No other lots are currently available in this beautiful, quiet, and well-established neighborhood. Its prime location ensures easy access to both downtown Melbourne and West Melbourne, offering a variety of shopping, dining, and entertainment options just minutes away. Additionally, proximity to top local employers enhances the appeal for potential tenants or homeowners.
Vacant land in Melbourne is a rare find, and this exceptional lot is not likely to be available again. Embrace the possibilities this property offers and invest in one of the city's most desirable areas.
Contact us today for more information and feel free to drive by to view this remarkable opportunity for yourself.
Unit Size
-
Days on Market
54 days
Land Size
0.32 acres
Price per sqft
-
Property Type
Land
Property Taxes
$0
HOA Dues
-
Year Built
-
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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: 5 months ago (Space Coast MLS #1019898)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 1, 2025 | Sold | ||
| Sold | |||
| Jun 4, 2025 | In contract | - | |
| In contract | |||
| May 29, 2025 | Price Decreased |
$499,700
↓ $200
(0%) | |
| Price Decreased | |||
| May 9, 2025 | Price Decreased |
$499,900
↓ $20K
(3.9%) | |
| Price Decreased | |||
| Apr 23, 2025 | Listed by Waterman Real Estate, Inc. | $519,900 | |
| Listed by Waterman Real Estate, Inc. | |||
| | |||
|
A Brand New Energy Efficient 3 Car Garage Home with beautiful upgrades throughout is Ready Now! Located in Melbourne, this home is nestled on an oversized .50 homesite with room for boat / RV and walking distance to Florida Institute of Technology. Just a short drive to Downtown Melbourne and Brevards beautiful beaches. Carefully designed features include an Open plan concept with high vaulted ceiling in the main living areas, the kitchen features high quality wood 42'' upper cabinets with soft close, crown molding and decorative handles. Beautiful granite countertops, designer faucet & single basin sink add to kitchen design. Enjoy quality stainless steel appliances and a large double door pantry. This 4 bedroom home offers a split bedroom design with plush carpet in all bedroom & ceiling fans with remotes. The main living area offers Upgraded 9' * 47' hardwood plank porcelain tile. The owners suite has a tray ceiling and beautiful bathroom with double sinks, granite countertops, large tile walk in shower with seamless glass door and a large walk in closet. Other top features: , Hurricane Shutters, Truss covered porch, City Water/City Sewer and so much more. Up to $10,000 in Seller Closing cost incentive when using preferred lender.
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Property Highlights
Garage
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Golfview Park
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Listed by: Melissa Faye Mullen LLC, Glover Properties
Last Updated: 5 months ago
Data Source: Space Coast MLS, MLS# 1019898
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: 5 months ago
Data Source: Space Coast MLS, MLS# 1019898
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