$1,200,000
●
Land -
Off Market
9225 Highway A1a
Melbourne Beach, FL 32951
Studio
0 Bath
$1,576,605
RealtyHop Estimate
31.38%
Since Jan 1, 2021
National-US
Primary Model
About This Property
Spectacular ocean views, sunrises and starlights from this
Melbourne Beach oceanfront homesite. Watch the waves roll in, feel
the fresh ocean air and listen to the seabirds from this
unobstructed oceanfront lot. Oceanfront homesites this large are
exceptionally rare and this one is priced to move quickly. Walk to
Sebastian Inlet State Park for some of the best recreational
activities on the east coast. This huge lot is a treasure and just
minutes from the site of the Juan Ponce de Leon's historical
landmark. This Melbourne Beach lot is exquisitely secluded for your
privacy and is centrally located between Melbourne & Vero Beach.
Only 30 minutes to Orlando Melbourne International Airport. This is
where your coastal dream home begins!
Unit Size
-
Days on Market
218 days
Land Size
1.04 acres
Price per sqft
-
Property Type
Land
Property Taxes
$808
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: 4 months ago (Space Coast MLS #876410)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 31, 2020 | Sold | ||
| Sold | |||
| May 26, 2020 | Listed by Realty World Curri Properties | $1,200,000 | |
| Listed by Realty World Curri Properties | |||
| Dec 6, 2019 | No longer available | - | |
| No longer available | |||
| Oct 3, 2019 | Price Decreased |
$875,000
↓ $100K
(10.3%) | |
| Price Decreased | |||
| Apr 7, 2019 | Listed | $975,000 | |
| Listed | |||
| | |||
|
OVER 1 ACRE ON THE OCEAN! AMAZING PRICE & LOCATION. (Ocean Front). (RARE) opportunity priced hundreds of thousands less than the competition. This is a once in a lifetime opportunity. You will never find over 1 acre on the ocean for under one million dollars. Tons of privacy. You have at least 100 ft of direct ocean frontage. This is one of the last remaining large lots. Conveniently located close to shopping and restaurants. Close to Vero Beach and Melbourne Beaches for all needs. Close to Orlando International Airport and only a 3 hours drive to Miami. Only 20 minutes to Brevard County and Indian River County Airports. Very close to multiple golf courses. No HOA. Choose your own builder. Enjoy the beach lifestyle every day in a new home built to today's standards. Technical Specificati
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About Brevard
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Listed by: Margo M Broughton, Realty World Curri Properties
Last Updated: 4 months ago
Data Source: Space Coast MLS, MLS# 876410
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: 4 months ago
Data Source: Space Coast MLS, MLS# 876410
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