NOT LISTED FOR SALE

1052 Cypress Ave Melbourne, FL 32935

Estimated Value: $1,843,375

3.34 Acres
$551,909 Price per Acre
145,490 Sq Ft Lot

Sale Details

Date Sold: May 7, 2025

Last sale price $2,750,000

Est. 33% decrease in value since last sale

Current estimated payment $11,616 / mo

42 Days on Market

Highlights

  • 3.34 Acre Lot
  • Corner Lot
  • No HOA

About This Lot

As of May 2025

INCREDIBLE OPPORTUNITY TO OWN A 3.34 ACRES OF COMMERCIAL LAND FOR REDEVELOPMENT IN MELBOURNE FL. CURRENTLY A 30,000 SF +/- EXISTING OFFICE BUILDING, THE PROPERTY HAS A SITE PLAN APPROVAL INTO AVERY EAU GALLIE, A STATE-OF-THE-ART 327 UNIT MULTIFAMILY PROJECT JUST 3.5 MILES FROM THE BEACH AND WITH SPEEDY I-95 ACCESS. HIGH-END AMENITIES SUCH AS A TROPICAL POOL WITH A LARGE DECK, FITNESS CENTER, BUSINESS CENTER, AND RESIDENT LOUNGE/CLUBROOM ARE INCLUDED IN THE PLANS. ***PROPERTY BEING SOLD VIA ONLINE AUCTION TO BE HELD 03/31-04/02/25; PRE-AUCTION OFFERS ARE ENCOURAGED***PRICE LISTED IS MINIMUM BID***

Last Agent to Sell the Property

Federico Rochwerger, PA

The Keyes Company Brokerage Phone: 561-866-9616 License #3014927 Listed on: 02/27/2025

The Keyes Company

Last Buyer's Agent

Federico Rochwerger, PA

The Keyes Company Brokerage Phone: 561-866-9616 License #3014927 Listed on: 02/27/2025

The Keyes Company

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $40,143

Lot Details

  • 3.34 Acre Lot
  • East Facing Home
  • Corner Lot
  • Paved or Partially Paved Lot
  • 2 Lots in the community
  • Property is zoned C3

Location

  • City Lot

Community Details

  • No Home Owners Association
  • Eau Gallie, Rept Of Pt Of Plat Of Subdivision

Listing and Financial Details

  • Assessor Parcel Number 27372125b

Property Details

Property Type

Land

Est. Annual Taxes

$40,143

Lot Details

3.34 Acres

Listing Details

  • Prop. Type: Land
  • Property Sub Type: Unimproved Land
  • Property Sub Type Additional: Unimproved Land
  • Directions: FROM I-95 TAKE EXIT 183, FL-518 E EAU GALLIE BLVD. DRIVE EAST FOR 4.7 MILES TO THE PROPERTY ON THE SE CORNER OF CYPRESS AVE AND EAU GALLIE, JUST 1 BLOCK WEST OF US-1
  • DelayedMarketingYN: No
  • Special Features: 4160

Exterior Features

  • View: City, Other
  • Lot Features: Corner Lot, City Lot
  • Road Frontage Type: Public Road
  • Road Surface Type: Paved
  • View: Yes
  • Waterfront: No
  • Direction Faces: East

Utilities

  • Utilities: Other, Sewer Available
  • Water Source: Other

Condo/Co-op/Association

  • Community Features: Sidewalks
  • Association: No

Lot Info

  • Parcel #: 27372125b
  • Current Use: Commercial, Multi-Family, Office
  • Development Status: Raw Land
  • Lot Size Acres: 3.34
  • Lot Size Sq Ft: 145490.0
  • Number Of Lots: 2
  • Possible Use: Commercial
  • Mobile Dim Units: Feet
  • Additional Parcels Description: 27-37-21-25-B
  • Zoning: C3

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 40143.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 27, 2025
Closed on
May 6, 2025
Sold by
Avery Melbourne Llc
Bought by
Admiral Of Summerville Llc
Seller's Agent
Federico Rochwerger, PA
The Keyes Company
Buyer's Agent
Federico Rochwerger, PA
The Keyes Company
List Price
$1,000,000
Sold Price
$2,750,000
Premium/Discount to List
$1,750,000
175%
Views
12
Current Estimated Value
$1,843,375

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$906,625
Avg. Annual Appreciation
-33.51%

Purchase Details

Closed on
Apr 7, 2022
Sold by
Cypress Square Inc
Bought by
Avery Melbourne Llc

Purchase Details

Closed on
Mar 29, 2001
Sold by
Jacksonville Tower Assoc L L C
Bought by
Cypress Square Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$467,500
Interest Rate
7.11%

Purchase Details

Closed on
Jan 1, 1999
Sold by
Bk Amer N A
Bought by
Jacksonville Towers Assoc L L C
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Admiral Of Summerville Llc $2,750,000 Vyla Title
Admiral Of Summerville Llc $2,750,000 Vyla Title
Avery Melbourne Llc $3,710,500 None Listed On Document
Cypress Square Inc $547,200 --
Jacksonville Towers Assoc L L C $449,800 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cypress Square Inc $467,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/07/2025 05/07/25 Sold $2,750,000 +175.0% --
04/10/2025 04/10/25 Pending -- -- --
02/27/2025 02/27/25 For Sale $1,000,000 -- --
Source: BeachesMLS (Greater Fort Lauderdale)

Agents Affiliated with this Home

  • Federico Rochwerger, PA

    Seller's Agent in 2025

    Federico Rochwerger, PA

    The Keyes Company

    (561) 866-9616

    1 in this area

    55 Total Sales

    Federico Rochwerger, PA
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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: R11066489

BeachesMLS (Greater Fort Lauderdale)

APN: 27-37-21-25-0000B.0-0000.00

Florida Brevard County Melbourne 32935

1052 Cypress Ave, Melbourne, FL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

BeachesMLS (Greater Fort Lauderdale) All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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