$4,999,900
Edgewater, FL 32132
MLS# 1052897
1 / 12
Property Description
This property location is where the center of the city will be with the city 's new purchase of land across HWY 442. The Current Zoning from the County is A-3. Future City Land use & suggested use would be MPUD Mixed Use Planned Unit Development., This could allow several uses for example: Apartments, Restaurants, gas station, etc. The future is here NOW to do your own development use! New water, sewer & reclaimed lines installed in front of property. Just West of I-95 is the New Deering Park the 70,000 acres formerly Farmington Development has approvals for 8,312 Residential units and 4.3 million Sq. Ft. of commercial space The 1,742-home initial phase in Edgewater is just west of I-95 off SR 442. The 1st homes will go up this summer creating a lot of jobs. Owner to consider a 1031 exchange for income commercial property. Looking for a seasoned developer with good financials and track record ready to develop this well positioned property
Details
Maps
General Property Information
Lot Size Acres: 20.42
Lot Size Dimensions: 1044x851 +/-
CDD Fee YN: No
Association YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Directions: From I-95 & W. Indian River Blvd. (HWY 442) go to N/E Corner of Coral Trace Entrance
Public Remarks: This property location is where the center of the city will be with the city 's new purchase of land across HWY 442. The Current Zoning from the County is A-3. Future City Land use & suggested use would be MPUD Mixed Use Planned Unit Development., This could allow several uses for example: Apartments, Restaurants, gas station, etc. The future is here NOW to do your own development use! New water, sewer & reclaimed lines installed in front of property. Just West of I-95 is the New Deering Park the 70,000 acres formerly Farmington Development has approvals for 8,312 Residential units and 4.3 million Sq. Ft. of commercial space The 1,742-home initial phase in Edgewater is just west of I-95 off SR 442. The 1st homes will go up this summer creating a lot of jobs. Owner to consider a 1031 exchange for income commercial property. Looking for a seasoned developer with good financials and track record ready to develop this well positioned property
List Price/Acre: 244853.09
Contract Information
Seller Concessions Offered Y/N: No
Current Price: $4,999,900
Property Sub Type: Unimproved Land
Status: Active
List Price: $4,999,900
Listing Contract Date: 2019-01-22
Location, Tax, and Legal
Country: US
Parcel Number: 8438-02-00-0110
Tax Annual Amount: 4069.52
Tax Year: 2024
Tax Legal Description: LOTS 11 & 12 EXC IRREG PART IN LOT 12 BEING S 850.90 FT ON W/L & W 140 FT ON S/L & W 184.92 FT ON N/L & EXC SR 442 & EXC NEW R/W FOR SR 442 IN S 112.5 FT HARRIS SUB BETTS GRANT EXC CORAL TRACE MB 51 PGS 97-103 INC PER OR 4659 PG 2736 PER OR 5616 PG 4591 P
Zoning Description: Single Family
High School: New Smyrna Beach
Current Use
Agricultural: 1
Residential: 1
Single Family: 1
Unimproved: 1
Listing Terms
Cash: 1
Conventional: 1
Lot Features
Corner Lot: 1
Few Trees: 1
Other: 1
Possession
Close Of Escrow: 1
Road Frontage Type
State Road: 1
Road Surface Type
Asphalt: 1
Sewer
Public Sewer: 1
Utilities
Cable Available: 1
Electricity Available: 1
Sewer Available: 1
Water Available: 1
Other: 1
Water Source
Public: 1
Development Status
Raw Land: 1
See Remarks: 1
Historical Information
Public Historical Remarks 1: Zoning (Text): A-3; Lot SqFt: 889495.00; Utilities at Site: Telephone; Road Frontage: 1044 +/-; Dispute Res: No; Easement: Of Record for R/R & Utilities. Etc.; Topo: Yes; Soil Test: No; Recorded: No; Zone Complies: Yes; Phase 1 Envrmnt Complete: No; Survey: Yes; Plat: Yes; Subordinate: No; Franchise Opt In: Yes
Location Tax and Legal
Street Number: 3199
Street Direction Prefix: W
Street Name: Indian River
Street Suffix: Boulevard
County: Volusia
State: FL
Postal Code: 32132
MLS Area Major: 80 - Edgewater
Status Change Information
Major Change Timestamp: 2025-05-27T20:24:44Z
Major Change Type: Price Change
Price Change Timestamp: 2025-05-27T20:24:44Z
Purchase Contract Date: 2024-05-06
Property Features
Current Use: Agricultural; Residential; Single Family; Unimproved
Lot Features: Corner Lot; Few Trees; Other
Sewer: Public Sewer
Utilities: Cable Available; Electricity Available; Sewer Available; Water Available; Other
Water Source: Public
Road Surface Type: Asphalt
Road Frontage Type: State Road
Listing Terms: Cash; Conventional
Possession: Close Of Escrow
Development Status: Raw Land; See Remarks
Listing Office: Herb Lubansky Realty
Last Updated: August - 20 - 2025
Information deemed reliable but not guaranteed.
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