4038 S Babcock St Melbourne, FL 32901
Melbourne AreaEstimated payment $48,593/month
About This Lot
PROPERTY DESCRIPTION - The opportunity is to acquire a 12.66± acre multifamily development site located at 4038 S Babcock Street in Melbourne, Florida, within Brevard County. The property is approved under the Live Local Act for up to 300 residential units. The site offers a sizable, contiguous footprint suitable for a well scaled multifamily community in the booming high-growth Space Coast market.
LOCATION DESCRIPTION - The property is located just north of Palm Bay Road NE, east of I-95, and south of W New Haven Ave (US 192), providing convenient access to one of South Brevard County's primary commercial and commuter corridors. The site benefits from proximity to new retail,
residential neighborhoods, and employment center in Melbourne and Palm Bay, with strong connectivity to I-95 and the greater Space Coast market.
PROPERTY SIZE AND PARCEL ID - 12.66± acres / 28 3716-00-763
ZONING - C-C1
PROJECT HIGHLIGHTS:
Located within the heart of Space Coast region
Strong fundamentals (new employment centers, strong growth and demand)
Recent Comparable Sale 0.25 miles north from subject - Andretti Thrill Park for Multifamily Development at $7.5M in Feb ’26”
Average HH Income of $77,142 within a 1, 3, and 5 mile radius
Seller willing to contribute land as part of Joint Venture or open to Seller Financing
Live Local Zoning which allows for significant tax breaks up to 30%
Listing Agent
Austin McWilliams
Eshenbaugh Land Company Listed on: 04/24/2026
Property Details
Property Type
- Land
Map
Home Values in the Area
Average Home Value in this Area
Tax 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.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $21,409 | $1,204,550 | ||
| 2024 | $1,380 | $1,357,820 | ||
| 2023 | $1,380 | $113,610 | $0 | $0 |
| 2022 | $1,275 | $110,310 | $0 | $0 |
| 2021 | $1,276 | $107,100 | $0 | $0 |
| 2020 | $1,258 | $105,630 | $0 | $0 |
| 2019 | $1,255 | $103,260 | $0 | $0 |
| 2018 | $1,245 | $101,340 | $0 | $0 |
| 2017 | $1,238 | $99,260 | $0 | $0 |
| 2016 | $1,260 | $97,220 | $18,000 | $79,220 |
| 2015 | $1,283 | $96,550 | $18,000 | $78,550 |
| 2014 | $1,262 | $95,790 | $15,300 | $80,490 |
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 |
|---|---|---|---|---|
| 06/12/2026 06/12/26 | Price Changed | $8,500,000 | +6.9% | -- |
| 04/24/2026 04/24/26 | For Sale | $7,950,000 | -- | -- |
Purchase 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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $600,000 | First American Title Insurance | |
| Deed | $53,000 | -- | |
| Warranty Deed | $180,000 | State Title Associates Lllp | |
| Warranty Deed | -- | Alday Donalson Title Agencie | |
| Warranty Deed | $117,900 | Alday Donalson Title Agencie |
Mortgage 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 | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $170,000 | New Conventional | |
| Previous Owner | $132,388 | New Conventional | |
| Previous Owner | $143,960 | No Value Available | |
| Previous Owner | $112,488 | No Value Available |
- 4335 Negal Cir
- 4160 Negal Cir
- 192 Cinnamon Bay Ln
- 4085 Negal Cir
- 4065 Negal Cir
- 233 Cinnamon Lake Cir
- 4260 Silver Lake Dr
- 110 Turpial Way Unit 106
- 188 Crystal Lake Rd
- 132 Oak Lake Rd
- 301 Crown Blvd
- 4220 Alamanda Key Dr
- 4022 Wilkes Dr
- 3905 Veranda Ct Unit 2
- 207 Hidden Woods Place
- 4112 Edward
- 3973 Bayberry Dr
- 741 Indian Oaks Dr
- 4037 Edward
- 4050 Alamanda Key Dr
- 151 Eber Rd
- 105 Turpial Way Unit 103
- 230 Crown Blvd
- 3595 Misty Oak Dr
- 1880 Mogra Cir NE
- 333 Lake In the Woods Dr
- 3542 D Avinci Way Unit 2086
- 3551 D Avinci Way Unit 1037
- 4775 Lake Waterford Way Unit 1
- 3502 D'Avinci Way
- 3512 D'Avinci Way Unit 1013
- 3522 D'Avinci Way Unit The Pelican’s Pad
- 4775 Lake Waterford Way W Unit 1
- 4117 Bayberry Dr
- 1635 Monterey Dr NE
- 1915 Patty Cir NE
- 890 Luminary Cir Unit 103
- 1530 Windwood Dr NE
- 2117 Patty Cir NE
- 910 Luminary Cir Unit 103
Ask me questions while you tour the home.