5
Map
$239,900
↓ $10K (4%)
●
Land -
For Sale
3235 Aurora Road
Melbourne, FL 32934
Studio
0 Bath
$1,266
Est. Monthly
About This Property
A Nature Lover's Sanctuary West of Wickham Road
Discover the perfect canvas for your dream home on this spacious 1-acre cleared parcel, ideally situated on the south side of Aurora Road. Offering a rare blend of natural beauty and urban convenience, this lush property is adorned with a variety of mature fruit trees, including mango, coconut, papaya, passionfruit, and cashew.
This prime lot is ready for a custom single-family residence (minimum 1,500 sq. ft. of living space). Under current zoning, you also have the flexibility to add an accessory building--perfect for a workshop or guest suite--provided it is at least half the size of the primary structure.
Enjoy unparalleled privacy and serene views, as the property backs up to the Eau Gallie River and features a shared pond with the neighboring property to the east. Practicality meets potential with city water, sewer, and electricity all easily accessible. Build your sanctuary. Zoned EU-2
Discover the perfect canvas for your dream home on this spacious 1-acre cleared parcel, ideally situated on the south side of Aurora Road. Offering a rare blend of natural beauty and urban convenience, this lush property is adorned with a variety of mature fruit trees, including mango, coconut, papaya, passionfruit, and cashew.
This prime lot is ready for a custom single-family residence (minimum 1,500 sq. ft. of living space). Under current zoning, you also have the flexibility to add an accessory building--perfect for a workshop or guest suite--provided it is at least half the size of the primary structure.
Enjoy unparalleled privacy and serene views, as the property backs up to the Eau Gallie River and features a shared pond with the neighboring property to the east. Practicality meets potential with city water, sewer, and electricity all easily accessible. Build your sanctuary. Zoned EU-2
Unit Size
-
Days on Market
17 days
Land Size
1.00 acres
Price per sqft
-
Property Type
Land
Property Taxes
$88
HOA Dues
-
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 #1074516)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 16, 2026 | Price Decreased |
$239,900
↓ $10K
(4%) | |
| Price Decreased | |||
| May 20, 2026 | Price Decreased |
$249,900
↓ $10K
(3.9%) | |
| Price Decreased | |||
| Apr 13, 2026 | Listed by Jason Mitchell Real Estate FL | $260,000 | |
| Listed by Jason Mitchell Real Estate FL | |||
| Jan 27, 2025 | Listed | $260,000 | |
| Listed | |||
| | |||
|
Stunning 1-Acre Lot in Melbourne! This spacious lot is ready for your dream home. Conveniently located near I-95, just minutes from the Eau Gallie Arts District and local beaches. Zoned EU-2, it allows for a single-family home with a guest house or modular home with a concrete slab. With 98.28 ft of road frontage on Aurora Rd and backing onto Hopkins Canal, this property offers both privacy and serene views. Featuring mature fruit trees, this lot also holds potential for development as a private golf course, foster home, or a nature lover's sanctuary. The possibilities are endless!
| |||
| Nov 15, 2023 | No longer available | - | |
| No longer available | |||
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Property Highlights
With View
Exterior Details
Security Features: Closed Circuit Camera(s)
Lot Features: Cleared, Few Trees
Lot Size Area: 1
Lot Size Units: Acres
Lot Size Acres: 1
Lot Size Square Feet: 43560
Lot Size Dimensions: 98.28 x 452.24
Water Source: Private, Public
Financial Details
Tax Annual Amount: $1,056
Utilities Details
Sewer : Septic Tank
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Indian River Groves and Gardens
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Listed by: Laly MH Andersen, Jason Mitchell Real Estate FL
Last Updated: 3 months ago
Data Source: Space Coast MLS, MLS# 1074516
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# 1074516
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