1987 Highland AveMelbourne, FL 32935

Property Details for 1987 Highland Ave

Year built

2013

Property type

Residential income properties

Property subtype

Other mixed-use properties

Description

This exceptional 2013-built mixed-use property, situated on an 8,712 sq ft lot in Melbourne, Florida's vibrant Eau Gallie Arts District, presents a unique investment opportunity. Currently configured as a single-unit residential dwelling used as a second home and short-term rental, the property offers immense flexibility. The C-1 zoning allows for a wide array of potential uses, including but not limited to Airbnb, bed and breakfast, assisted living, doggie daycare, medical office, spa, or professional office (subject to verification). The property boasts a private pool and mostly brand-new furnishings, which are optionally available. One area of the backyard remains unfinished, allowing for customization to suit your vision. Consider the potential for a wellness retreat, given the property's location and amenities. The property's value is further enhanced by the proximity to newly constructed riverfront homes selling for over $2 million, indicating significant neighborhood improvement and appreciation. This is a rare opportunity to acquire a versatile property in a rapidly developing area. The asking price is $799,900.

Location Insight

City

Melbourne

County

Brevard

State

Florida

Latitude

28.1394

Longitude

-80.6317

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