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201 Mediterranean Way, Indian Harbour Beach, FL 32937

Indian Harbour Beach
Local realty services provided by:CENTURY 21 Results
201 Mediterranean Way,Indian Harbour Beach, FL 32937
$1,495,000
  • 1.31 Acres
  • Lots / Land
  • Active
Listed by: adam rathbun
Office: southtrend realty
MLS#:1070430
Source:FL_SPACE

Price summary

  • Price:$1,495,000

About this home

The subject property consists of a 1.31-acre parcel located in the City of Indian Harbour Beach and is currently zoned B-1 (General Commercial). Permitted uses under this zoning designation include retail, restaurant, professional office, religious facilities, and other commercial uses. In addition, the property has been granted a Conditional Land Use approval allowing for the development of an assisted living facility. The previous property owner planned a three-story, 96-bed assisted living facility on the site, but that design would require official city approval. The City has also indicated a willingness to rezone the property to R-2 (Residential), which would permit development at a density of seven (7) dwelling units per acre. At this density, the 1.31-acre site would support approximately nine (9) units, with the potential to accommodate up to ten (10) townhome lots, subject to final site design and municipal approvals, as illustrated in the attached conceptual site plan.

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Home facts

  • Listing ID #:1070430
  • Added:1 day(s) ago

Rooms and interior

  • Kitchen Description:appl_

Structure and exterior

  • Lot area:1.31 Acres

Schools

  • High school:Satellite
  • Middle school:Hoover
  • Elementary school:Ocean Breeze

Utilities

  • Sewer:Public Sewer, Sewer Available

Finances and disclosures

  • Price:$1,495,000
  • Tax amount:$6,273 (2023)

Features and amenities

  • Laundry features:appl_
Information deemed reliable but not guaranteed. Information is provided, in part, by Brevard MLS. This information being provided is for consumer's personal, non-commercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing.

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