6475 N Highway 1, Melbourne, FL 32940

$1,066,851

Virtual Tour

https://www.propertypanorama.com/instaview/spc/1008300

Property Type: Residential Bedrooms: 8 Baths: 4 Square Footage: 2,968 Lot Size (sq. ft.): 27,007 Status: Closed

Current Price: $1,066,851 List Date: 4/10/2024 Last Modified: 10/21/2024

Overview

Description

Opportunity is here! This stunning .62-acre Riverfront property consists of 3 residential units; a 4 bed/2 bath single-family home (1,768 sf) and a detached duplex (624 sf and 576 sf), each with 2 bed/1 bath, and NO HOA. Redevelop into your riverfront dream estate or rental property (see docs attached for the many rental options). Property features include concrete privacy wall along US-1, a 185' private dock, approx. 100' riverfront, 2018 roof, drain field and septic, ideally located amongst sprawling million-dollar estates and only ¾ mile to Pineda Causeway. The 2-story single-family home has an open floor plan, amazing primary bedroom balcony waterfront views, flagstone fireplace, large laundry/utility room, and screened-in porch. Both duplex units share a large storage area and have patio decks for enjoying the river breeze. Do not miss this one! Tenants with month-to-month leases.

Listing Details MLS# 1008300

General Property Information

Bedrooms Total: 8
Bathrooms Total: 4
Bathrooms Full: 4
Living Area: 2968
Living Area Source: Appraiser
Accessibility Features YN: No
New Construction YN: No
Year Built: 1957
Garage YN: No
Carport YN: No
Lot Size Acres: 0.62
Lot Size Square Feet: 27007
Association YN: No
CDD Fee YN: No
Community Fee(s) YN: No
Water Body Access YN: No
Waterfront YN: Yes
Water Body Name: Indian River
Water Frontage Feet: 100
Land Site Description: Riverfront
Furnished: Unfurnished
Stories: 2
Entry Level: Yes
Direction Faces: North
Senior Community YN: No
Pool Private YN: No
List Price/SqFt: 404.31
Sold Price/SqFt: 359.45

Property Features

Construction Materials: Block; Frame; Stucco; Other Cooling: Central Air; Electric; Varies by Unit; Wall/Window Unit(s) Current Use: Investment; Multi-Family; Residential Exterior Features: Balcony; Dock Fencing: Other Fireplace Features: Wood Burning Heating: Varies by Unit Listing Terms: Cash; Conventional Lot Features: Other Parking Features: Varies by Unit Patio And Porch Features: Deck; Front Porch; Screened Pets Allowed: Yes Pool Features: None Possession: Close Of Escrow Rental Restrictions: No Minimum; Other Road Frontage Type: Highway Roof: Membrane; Shingle Sewer: Septic Tank Showing Requirements: Appointment Only Special Listing Conditions: Standard Utilities: Electricity Connected; Water Connected View: River; Water Water Source: Public Waterfront Features: Intracoastal; Navigable Water; River Access; River Front Showing Considerations: Occupied

Contract Information

Original List Price: 1100000
Listing Contract Date: 2024-03-19
Property Sub Type: Single Family Residence

Location Tax and Legal

Street Number: 6475
Street Direction Prefix: N
Street Name: Highway 1
County: Brevard
State: FL
Postal Code: 32940
MLS Area Major: 213 - Mainland E of US 1
Subdivision Name: None

Remarks and Miscellaneous

Public Remarks: Opportunity is here! This stunning .62-acre Riverfront property consists of 3 residential units; a 4 bed/2 bath single-family home (1,768 sf) and a detached duplex (624 sf and 576 sf), each with 2 bed/1 bath, and NO HOA. Redevelop into your riverfront dream estate or rental property (see docs attached for the many rental options). Property features include concrete privacy wall along US-1, a 185' private dock, approx. 100' riverfront, 2018 roof, drain field and septic, ideally located amongst sprawling million-dollar estates and only ¾ mile to Pineda Causeway. The 2-story single-family home has an open floor plan, amazing primary bedroom balcony waterfront views, flagstone fireplace, large laundry/utility room, and screened-in porch. Both duplex units share a large storage area and have patio decks for enjoying the river breeze. Do not miss this one! Tenants with month-to-month leases.