629 E Melbourne AveMelbourne, FL 32901

Rare opportunity to own over one acre of direct waterfront property on scenic Crane Creek in the heart of Downtown Melbourne. This exceptional 1.04-acre property combines approximately 76 feet of waterfront, mature trees, and an irreplaceable location just one block from Downtown Melbourne's restaurants, shopping, entertainment, and waterfront amenities. The property is zoned R-3 (Multiple-Family Dwelling High Density District), offering potential for a variety of residential development opportunities, subject to applicable City of Melbourne zoning regulations, site plan requirements, floodplain considerations, waterfront regulations, environmental requirements, and permitting. This unique zoning designation adds significant potential and makes the property an attractive opportunity for developers, investors, or buyers looking to create a distinctive waterfront residential property. The existing 2,403-square-foot residence is in need of substantial renovation and is being offered in its current condition, providing the opportunity to renovate the existing home or explore the property's redevelopment potential. Buyers are encouraged to independently verify permitted uses, density, development requirements, subdivision potential, and all applicable regulations with the City of Melbourne and other governing agencies. The property offers navigable access to the Indian River Lagoon and the potential for a private dock, subject to applicable permitting and environmental requirements. Whether you envision creating a private waterfront estate, renovating the existing residence, or pursuing a multifamily or other residential development opportunity, this property offers an exceptionally rare combination of over one acre of waterfront land, R-3 zoning, and immediate proximity to Downtown Melbourne. Enjoy beautiful Crane Creek views, mature trees, privacy, and convenient access to Downtown Melbourne, the Indian River Lagoon, parks, restaurants, shopping, and entertainment. Properties offering this amount of waterfront land with R-3 multifamily zoning in such a central Melbourne location are rarely available. Bring your vision and take advantage of this unique opportunity to own and develop an extraordinary piece of waterfront property.

Property is being sold as-is. Buyers and developers are encouraged to conduct their own due diligence regarding zoning, Future Land Use, permitted density, subdivision potential, building requirements, flood zones, wetlands, waterfront regulations, environmental restrictions, dock permitting, and all other applicable development requirements.