Own 11.54 Prime Acres in the Heart of Melbourne and the Desirable Lake Washington Area! This versatile property offers a unique opportunity to build your dream single-family estate or capitalize on its development potential. A portion of the land lies within the county, while 5.03 acres are fully entitled for multi-family development and annexed into the City of Melbourne. These 5.03 acres are shovel-ready, with approvals in place for 11 duplex buildings (22 total units)—a rare turnkey opportunity. City water and sewer are already accessible to the 5.03 acres, and a full set of construction plans and due diligence documents are included, saving you valuable time and resources. Whether you're looking to create a private residential compound or develop a high-demand multi-family project, this site offers exceptional value in a rapidly growing area. Opportunities like this in such a sought-after location don't come around often!
Vacant landProperty Type
11.59 acresLot Size
$85,850Price/Acres
Listed by Meili Viera Porter• Waterman Real Estate Inc.
The purpose of the institutional use zoning classification is to provide for private, nonprofit or religious uses which are intended to service the needs of the public for facilities of an educational, religious, health or cultural nature. The classification is divided into two types, low intensity and high intensity. Low intensity uses are those that are of such limited scale and impact that they are compatible with residential uses in residential land use designations, or neighborhood commercial uses in neighborhood commercial land use designations. High intensity uses are more suited to community commercial or industrial areas. Location standards for low intensity and high intensity uses are established pursuant to Policy 2.14 of the Future Land Use Element of the Comprehensive Plan, and are regulated pursuant to paragraph (8) below. Low intensity use is designated on the official zoning maps as IN(L) and high intensity is designated as IN(H).
Permitted uses
Include but are not limited to:
Community / recreation center
Educational/school
Museum / gallery
Historical weather
Melbourne, FL • 32934
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Sun exposure
98/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
11 hrs
8.3 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 3200 Aurora Rd
$960,558
$34K under list price of $995K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $325K to $575K.