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3.16 Acres For Sale In Palm Bay, FL

Listing ID LC-1707-204440
State Florida
Size 3.16 Acres
Price $ 59,800

Main Information

Listing IDLC-1707-204440
Cash Sale$ 59,800
Processing Fee$ 699
Deed TypeWarranty Deed
Parcel Number30-37-07-MF-G-6
Location8452 Elk Avenue, Palm Bay, FL 32909
Legal DescriptionDeer Run Lot 6 Blk G
ZoningVacant Residential
Lot Size3.16 Acres
Road AccessPaved Road
UtilitiesElectric at street, for more details please contact the County.

Additional Information

This Lot/Land located at 8452 Elk Avenue, Palm Bay, FL is currently for sale and has been listed on Trulia for 33 days. This property is listed by for $59,800. The property has a lot size of 3.16 acres. This property was last sold for $34,000 in 1986. The median sales price for the Deer Run area is $36,000. Nearby schools include Sunrise Elementary School, Southwest Middle School and Bayside High School.

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In the aftermath of what many considered the most devastating recession in this country since the great depression, opportunities to buy and invest in real estate are many; and the prices at which land, homes and investment properties can be bought are at all-time lows in many markets. Such is the case in Florida, where properties – especially those referred to as high-profile – that were once beyond the reach of many buyers, are now available at drastically reduced prices as a result of an overabundance of them.

Today’s market conditions merely reflect the result of activity which had taken place before, and for many prospective buyers this may be the best time to buy, whether they have an interest in a home, investment property or a piece of land in Florida. Some of the best deals to be gotten may be on land lots which are currently priced at ten percent (10%) of their pre-recession values, including lots with close proximity to popular and beautiful Florida beaches. As this market with the low prices and affordable prime properties was made possible by the crises of recent years, it makes sense to seize the opportunity presented here, since it is uncertain when bargain prices such as these will be seen again, if ever.

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