About This Property
Description from listing agentPrime 1.34-Acre Lot on Dairy Rd - Your Vision Starts Here! Discover the perfect opportunity to build your dream home or create an outstanding investment property on this spacious 1.34-acre lot in the heart of Melbourne, Florida. Located on highly desirable Dairy Rd, this rare parcel combines convenience, accessibility, and limitless potential. For homeowners, this property offers the freedom to design a custom retreat tailored to your lifestyle, with space for a sprawling home, outdoor entertainment, or even a garden or pool. Imagine living in a peaceful yet centrally located setting, just minutes from top schools, shopping, and dining. For investors, this is a prime opportunity to develop a high-demand property in a thriving market. Act today to secure this incredible property and bring your vision to life!
Space Coast Context
🚀 Launch Viewing — Good Views
34.2 mi from SLC-40
34.2 miles from SLC-40 — visible on clear days, especially at night.
Estimates only — verify with Google Maps.
Flood Risk
Outside the Special Flood Hazard Area. Flood insurance is optional but recommended.
Estimated flood insurance: $500 – $1,200 / yr — varies by coverage, elevation & insurer
Source: FEMA National Flood Hazard Layer. Insurance estimates are ranges only — get a quote for accurate pricing.
Offer Intelligence
Based on 2 comparable sales in this area in the last 180 days.(limited data — interpret with caution)
See & adjust the 2 comparable sales used
Uncheck any home you don't consider comparable — the median updates instantly.
The median is weighted: nearer sales count more than distant ones, and comps marked recent (sold in the last 90 days) count 2×. Comps farther than 3 miles are flagged — a longer distance usually means few nearby sales were available.
How we match comps
Comps are pulled directly from the Space Coast MLS — sold sales only, closed within the last 180 days. We apply hyper-local matching criteria in this order:
- ✓Same property type, always (single family, condo, townhouse, etc.)
- ✓Single-story homes compared only to single-story (and multi to multi)
- ✓Exact bedroom count
- ✓Bathrooms within ±0.5
- ✓Garage spaces within ±1
- ✓Pool status must match
- ✓Waterfront status must match
- ✓HOA must match (HOA community vs. no HOA)
- ✓Price within ±5–20% of list price (tightest in early tiers)
- ✓Square footage within ±10–25% (tighter in early tiers)
- ✓Year built always within ±5–20 years (never dropped)
We search in tiers, expanding the radius only as needed — starting in the same subdivision within 1 mile, then 2 miles, then the same neighborhood within 3 miles, and the same zip code within 5 miles as a last resort. For luxury homes ($5M+), where nearby comps are scarce, we widen the search to 5–20 miles. Year built is always required so comps are from the same era of construction. The median is weighted toward nearer sales, and sales within the last 90 days count 2× to reflect current market conditions.
Median estimate is based on similar active listings and homes that have sold within the last 180 days in this area, as reported through Brevard MLS. This is not an appraisal or a Comparative Market Analysis (CMA). Before making an offer, work with a licensed real estate agent to obtain a CMA, or hire a certified real estate appraiser for an independent valuation.
Location
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Schools
Elementary
University Park
Middle School
Stone
High School
Melbourne
Financial & Listing Details
Estimated Monthly Payment
- Principal & interest
- $1,449
- Property taxes
- $275
- Insurance
- $150
Based on a 6.90% rate, 30-year loan, and $275K price — down payment shown: $55,000.
This is a quick estimate only — it does not include items like mortgage insurance, closing costs, or rate-lock terms. For an accurate payment based on your credit and finances, get pre-qualified with a certified bank or licensed mortgage brokerage.
