ARE YOU READY TO BUILD? Approved in hand for 4 townhouses but could be 6! Prime riverfront commercial property in the heart of historic downtown Melbourne. The historic structure boasts a new metal roof and recent upgrades that made the structure stronger to be able to build a restaurant/bar on multiple levels with an incredible view. Featuring approximately 165 feet of water frontage, it offers stunning views of the river, causeway, and barrier island. With flexible C-1 zoning, mixed residential/commercial, the property is ideal for various uses, including the potential for a 50-unit condominium, office spaces, retail, restaurant and more. Don't miss this unique opportunity—call today!
Property Details
Property Features
Listing Office:
Office Name: Dale Sorensen Real Estate Inc.
Office Phone: (321) 723-9990
Listing Agent: Anthony M Romero, Davide Santonastaso
Exterior Features
Exterior Information:
Waterfront: River Access, River Front, Intracoastal
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$9,799
Per Month
Principal & Interest
$9,732
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$5,912
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
3
/10
University Park Elementary School
500 W University Blvd
Distance between this listing and this school2.06 miles
Public District Grades PK-6
10
/10
Indialantic Elementary School
1050 N Palm Ave
Distance between this listing and this school2.20 miles
Public District Grades KG-6
10
/10
Gemini Elementary School
2100 Oak St
Distance between this listing and this school3.44 miles
Public District Grades KG-6
Nearby Schools
2
/10
Stone Magnet Middle School
1101 E University Blvd
Distance between this listing and this school1.30 miles
Public Magnet Grades 7-8
5
/10
Hoover Middle School
2000 Hawk Haven Dr
Distance between this listing and this school2.18 miles
Public District Grades 7-8
4
/10
Palm Bay Academy Charter School
2112 Palm Bay Rd NE
Distance between this listing and this school3.31 miles
Public Charter Grades KG-8
Nearby Schools
6
/10
Melbourne High School
74 Bulldog Blvd
Distance between this listing and this school1.19 miles
Public District Grades 9-12
10
/10
West Shore Junior/Senior High School
250 Wildcat Aly
Distance between this listing and this school2.34 miles
Public District Grades 7-12
3
/10
Palm Bay Magner High School
101 Pirate Ln
Distance between this listing and this school2.48 miles
The neighbors living near this home have an average income of $23,704. Most Melbourne, FL residents have annual incomes less than $35k. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1811 Riverview Dr
What is the listing price of this property?
The listing price of 1811 Riverview Dr property is $1,949,900.
What type of property is this?
The property 1811 Riverview Dr is land located in Melbourne, Florida, 32901.
Is this property for sale now?
Active Listing: 1811 Riverview Dr is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $9,264 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on August 9, 2021 for $1,125,000. (source: MLS/tax record).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 1811 Riverview Dr in Melbourne, FL and zip code 32901. This home sits on a 0.51 acre lot. It has been listed on Rocket Homes since August 16, 2024 and is currently priced at $1,949,900.
Melbourne, FL housing market in October 2024 saw over 12 listings sold above listed price, more than 65 sold at listed price and over 160 sold below. The number of homes for sale in Melbourne, FL increased by 2.1% between September 2024 and October 2024. In October 2024 median list price was $420,837 and the average listing age was 58 days.
From Rocket Homes Real Estate and based on county public records data.