$495,000
$130K PRICE DROP

0 Torrence Ln Unit 1083000 Melbourne, FL 32935

Melbourne Area

Estimated payment $2,866/month

Total Views 27
0.55 Acre
$900,000 Price per Acre
23,958 Sq Ft Lot

About This Lot

Exceptional shovel-ready development opportunity in one of Melbourne's fastest-growing corridors! This fully entitled site is approved for eight townhomes, with the City of Melbourne site plan already fully approved--eliminating the time, expense, and uncertainty of the entitlement process. The cleared and graded property offers approximately 14,400 square feet of buildable area and is ready for horizontal construction, allowing developers to skip an estimated 12-18 months of approvals. Utilities, including water, sewer, and electric, are available at the property line, and the site fronts an improved, established roadway. Plans are designed for eight spacious 3-bedroom, 2.5-bath townhomes of approximately 1,800 square feet each. Located near Florida's thriving Space Coast with strong demand for new construction, this turnkey opportunity is ideal for builders, investors, or developers. Seller will consider an outright sale, joint venture, or build-to-suit arrangement.

Listing Agent

Milena Fernandes

Golden Group Realty LLC License #3459337 Listed on: 07/21/2026

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,126

Lot Details

  • 23,958 Sq Ft Lot

Schools

  • Harbor City Elementary School
  • Hoover Middle School
  • Melbourne High School

Community Details

  • Melbogallie Subd Subdivision

Listing and Financial Details

  • Assessor Parcel Number 27-37-21-50-B-7
  • Seller Concessions Offered

Property Details

Property Type

Land

Est. Annual Taxes

$2,126

Lot Details

0.55 Acres

Listing Details

  • Property Type: Land
  • Reso Property Sub Type: Unimproved Land
  • ResoLotFeatures: Other
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Melbogallie Subd
  • General Property Information CDD Fee YN: No
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands

Exterior Features

  • Acres: 0.55

Utilities

  • Utilities: Other
  • Water Source: Public

Schools

  • Middle Or Junior School: Hoover

Lot Info

  • Current Use: Residential
  • ResoLotSizeUnits: Acres
  • Parcel #: 27-37-21-50-B-7
  • Development Status: Proposed

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 2126.0

MLS Schools

  • Elementary School: Harbor City
  • High School: Melbourne

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/23/2026 07/23/26 Price Changed $495,000 -20.8% --
07/21/2026 07/21/26 For Sale $625,000 -- --
Source: Space Coast MLS (Space Coast Association of REALTORS®)

Source: Space Coast MLS (Space Coast Association of REALTORS®)

MLS Number: 1083000

Space Coast MLS (Space Coast Association of REALTORS®)
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