$275,000
Melbourne, FL 32935
MLS# 1020857
Status: Closed
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Property Description
Seize this exceptional real estate opportunity in a prime location! This property is zoned R-2 for single-family or multifamily development. The Seller's conceptual plans for either eight townhomes or five single-family homes are attached. City utilities are conveniently available at the front of the property. The site is largely cleared of structures and vegetation, providing a clean slate for your project. Enjoy the tranquility of a quiet street while being just minutes from the river, the historic Eau Gallie Arts District, and the beach causeway. Additional perks include two artesian wells on the property. Whether you envision a rental income property, a short-term rental compound, a tiny home community, or another innovative development, this property presents limitless possibilities. Seller will consider providing financing for land purchase or development. Please note, all information should be verified independently by the buyer.
Details
Maps
Documents
Location, Tax, and Legal
Tax Account: 2725214
Parcel Number: 27-37-21-50-B-11,27-37-21-50-B-10,27-37-21-50-B-7
General County Location: South
Elementary School: Harbor City
Middle School: Hoover
High School: Melbourne
Tax Annual Amount: 1681.67
Tax Year: 2023
Tax Legal Description: MELBOGALLIE SUBD LOTS 7, 8, 9, 10 & 11 BLK B
Zoning Description: Multi Family
Directions: From US 1, head west on Torrence Lane. Property is on left near center of street.
General Property Information
Road Frontage Feet: 275
Number Of Lots: 3
Lot Size Acres: 0.55
Lot Size Dimensions: 275 x 95
Lot Dimensions Source: Estimated
Lot Size Square Feet: 26125
Association YN: No
Water Body Access YN: No
Waterfront YN: No
Land Lease YN: No
Senior Community YN: No
CDD Fee YN: No
List Price/Acre: 545454.55
Sold Price/Acre: 500000
Currently Not Used
Pool Private YN: No
Remarks and Miscellaneous
Public Remarks: Seize this exceptional real estate opportunity in a prime location! This property is zoned R-2 for single-family or multifamily development. The Seller's conceptual plans for either eight townhomes or five single-family homes are attached. City utilities are conveniently available at the front of the property.
The site is largely cleared of structures and vegetation, providing a clean slate for your project. Enjoy the tranquility of a quiet street while being just minutes from the river, the historic Eau Gallie Arts District, and the beach causeway.
Additional perks include two artesian wells on the property. Whether you envision a rental income property, a short-term rental compound, a tiny home community, or another innovative development, this property presents limitless possibilities. Seller will consider providing financing for land purchase or development.
Please note, all information should be verified independently by the buyer.
Closing Company Details
Closing Company Name: TBD
Closing Company Address: TBD
Current Use
Residential: 1
Unimproved: 1
Listing Terms
Cash: 1
Conventional: 1
Owner May Carry: 1
Private Financing Available: 1
Lot Features
Cleared: 1
Few Trees: 1
Possession
Close Of Escrow: 1
Road Frontage Type
City Street: 1
Road Surface Type
Asphalt: 1
Sewer
Public Sewer: 1
Special Listing Conditions
Owner Licensed RE: 1
Utilities
Electricity Available: 1
Sewer Available: 1
Water Available: 1
View
City: 1
Water Source
Public: 1
Development Status
Raw Land: 1
Site Plan Approved: 1
See Remarks: 1
Showing Requirements
Other: 1
Contract Information
Current Price: $275,000
Original List Price: 300000
Sold Price: $275,000
Status: Closed
Listing Contract Date: 2024-07-30
Property Sub Type: Unimproved Land
Location Tax and Legal
Street Number: 0000
Street Name: Torrence Lane
County: Brevard
State: FL
Postal Code: 32935
MLS Area Major: 323 - Eau Gallie
Subdivision Name: Melbogallie Subd
Status Change Information
Major Change Timestamp: 2024-10-03T13:42:41Z
Major Change Type: Status Change
Status Change Timestamp: 2024-10-03
Purchase Contract Date: 2024-08-08
Close Date: 2024-10-02
Close Price: 275000
Property Features
Current Use: Residential; Unimproved
Development Status: Raw Land; Site Plan Approved; See Remarks
Listing Terms: Cash; Conventional; Owner May Carry; Private Financing Available
Lot Features: Cleared; Few Trees
Possession: Close Of Escrow
Road Frontage Type: City Street
Road Surface Type: Asphalt
Sewer: Public Sewer
Showing Requirements: Other
Special Listing Conditions: Owner Licensed RE
Utilities: Electricity Available; Sewer Available; Water Available
Water Source: Public
Townhome Plan PDF 
Single Family Home Plan PDF 
Listing Office: Denovo Realty
Last Updated: June - 17 - 2026
Information is deemed to be reliable, but is not guaranteed.