$449,000
Melbourne, FL 32935
MLS# 1083000
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Property Description
Exceptional shovel-ready development opportunity in one of Melbourne's fastest-growing corridors! This fully entitled site is approved for eight townhomes, with the City of Melbourne site plan already fully approved--eliminating the time, expense, and uncertainty of the entitlement process. The cleared and graded property offers approximately 14,400 square feet of buildable area and is ready for horizontal construction, allowing developers to skip an estimated 12-18 months of approvals. Utilities, including water, sewer, and electric, are available at the property line, and the site fronts an improved, established roadway. Plans are designed for eight spacious 3-bedroom, 2.5-bath townhomes of approximately 1,800 square feet each. Located near Florida's thriving Space Coast with strong demand for new construction, this turnkey opportunity is ideal for builders, investors, or developers. Seller will consider an outright sale, joint venture, or build-to-suit arrangement.
Details
Location, Tax, and Legal
Tax Account: 2725214
Parcel Number: 27-37-21-50-B-7
General County Location: South
Elementary School: Harbor City
Middle School: Hoover
High School: Melbourne
Tax Annual Amount: 2126
Tax Year: 2025
Tax Legal Description: MELBOGALLIE SUBD LOTS 7,8,9, 10 & 11 BLK B
Directions: From US 1, head west on Torrence Lane. Property is on left near center of street.
General Property Information
Lot Size Acres: 0.55
CDD Fee YN: No
List Price/Acre: 816363.64
Remarks and Miscellaneous
Public Remarks: Exceptional shovel-ready development opportunity in one of Melbourne's fastest-growing corridors! This fully entitled site is approved for eight townhomes, with the City of Melbourne site plan already fully approved--eliminating the time, expense, and uncertainty of the entitlement process. The cleared and graded property offers approximately 14,400 square feet of buildable area and is ready for horizontal construction, allowing developers to skip an estimated 12-18 months of approvals. Utilities, including water, sewer, and electric, are available at the property line, and the site fronts an improved, established roadway. Plans are designed for eight spacious 3-bedroom, 2.5-bath townhomes of approximately 1,800 square feet each. Located near Florida's thriving Space Coast with strong demand for new construction, this turnkey opportunity is ideal for builders, investors, or developers. Seller will consider an outright sale, joint venture, or build-to-suit arrangement.
Current Use
Residential: 1
Listing Terms
Cash: 1
Conventional: 1
Lot Features
Other: 1
Possession
Close Of Escrow: 1
Sewer
Public Sewer: 1
Special Listing Conditions
Standard: 1
Utilities
Other: 1
Water Source
Public: 1
Development Status
Proposed: 1
Showing Requirements
Other: 1
Contract Information
Current Price: $449,000
Original List Price: 625000
List Price: $449,000
Status: Active
Listing Contract Date: 2026-07-21
Property Sub Type: Unimproved Land
Location Tax and Legal
Street Name: Torrence
Street Suffix: Lane
County: Brevard
State: FL
Postal Code: 32935
MLS Area Major: 323 - Eau Gallie
Subdivision Name: Melbogallie Subd
Status Change Information
Major Change Timestamp: 2026-08-25T18:17:42Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-08-25T18:17:42Z
Status Change Timestamp: 2026-07-21
Property Features
Current Use: Residential
Development Status: Proposed
Listing Terms: Cash; Conventional
Lot Features: Other
Possession: Close Of Escrow
Sewer: Public Sewer
Showing Requirements: Other
Special Listing Conditions: Standard
Utilities: Other
Water Source: Public
Listing Office: Golden Group Realty LLC
Last Updated: August - 25 - 2026
Information is deemed to be reliable, but is not guaranteed.