1 year on rocket

429 S Babcock St, Melbourne, FL, 32901

$1,000,000

0.42 Acres
Land

Location

Image provided by Mapbox

Property Highlights

Home TypeUnimproved Land
MLS #972986
Lot Size0.42 Acres
StatusActive

About 429 S Babcock St

Nestled centrally in Midtown Melbourne between the Eau Gallie & Melbourne Causeways. .42 Acres zoned C-2 Commercial. 150 Ft of frontage on Babcock St. High Traffic Count -21,000 AADT. The Space Coast and Melbourne in particular are experiencing exponential growth. An influx of highly skilled and well paid workers have migrated into the area due to no state income taxes, tax incentives for large companies, corporate mergers, and small start ups. With three major residential projects planned for Downtown, the future for Melbourne and Florida's booming Space Coast is looking very bright. From start-ups and mid-sized enterprises to high-tech goliaths, the Space Coast corporate neighborhood hosts an impressive group of innovative organizations in a variety of sectors. Show by appointment.

Property Details

Property Features

Listing Office:

  • Office Name: One Sotheby's International
  • Office Phone: (321) 984-3135
  • Listing Agent: James Edmunds

Virtual/3D Tour

  • Virtual Tour: 429 S Babcock St
Virtual Tour

Lot Features

Lot Information:

  • Lot Size: 0.42 Acres

Other

Directions Information:

  • Directions: Harbor City Blvd. to S on Babcock on left before RR tracks. Or North on Babcock St. 200 feet after crossing RR tracks. Across Babcock St fromNeiman Ave.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,000,000
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Housing Market Comparison

See how this home compares to others in Melbourne, FL.

Med. Sold Price

$420K

Med. Price/SqFt

$236

Avg. Days On Market

65

# of Sold Homes

183

429 S Babcock St vs Melbourne

486 DAYS ON ROCKET

+421 Days

$1,000,000

+$579.9K More

KEY TAKEAWAY

This property is $579.9K more than the Median Sold Price in Melbourne, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Space Coast MLS (Space Coast Association of REALTORS®)
  • MLS Number: #972986

Listing Office:

  • Office Name: One Sotheby's International
  • Office Phone: (321) 984-3135
  • Listing Agent: James Edmunds

IDX Copyright © 2024 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Space Coast Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 6:21:07 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$5,058

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,065

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.

Nearby Schools

school-card-donut-4423927
6
/10
  • Harbor City Elementary School

  • 1377 Sarno Rd

  • 1.79 miles

  • Public District Grades PK-6

school-card-donut-4423928
3
/10
  • University Park Elementary School

  • 500 W University Blvd

  • 2.66 miles

  • Public District Grades PK-6

school-card-donut-4423929
4
/10
  • Croton Elementary School

  • 1449 Croton Rd

  • 2.78 miles

  • Public District Grades PK-6

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $38,750. Residents of Melbourne, FL typically earn between $35k-100k each year. Typical family type is single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 429 S Babcock St

What is the listing price of this property?

The listing price of 429 S Babcock St property is $1,000,000.

What type of property is this?

The property 429 S Babcock St is land located in Melbourne, Florida, 32901.

Is this property for sale now?

Active Listing: 429 S Babcock St is For Sale (Active/New) which means the seller is accepting offers.

How much acreage is this property?

The property 429 S Babcock St is 0.42 acres.
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Rocket HomesFloridaBrevard CountyMelbourne32901429 S Babcock St

This home is located at 429 S Babcock St in Melbourne, FL and zip code 32901 in the Indian River Bluff neighborhood. This home sits on a 0.42 acre lot. It has been listed on Rocket Homes since August 19, 2023 and is currently priced at $1,000,000.

While more than 6 listings in Melbourne, FL in November 2024 were sold above asking price, there were more than 43 listings sold at asking price, and more than 134 were sold below. The number of homes for sale in Melbourne, FL increased by 2.9% between October 2024 and November 2024. In November 2024, listings were on the market for 65 days. During the same period, the median list price in this real estate market was $420,005.

From Rocket Homes Real Estate and based on county public records data.

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