$150,000
1676 Gracewood Drive, Melbourne, Fl 32940
Melbourne, FL 32940
Listing updated: June 5, 2026 at 1:33 PM ET
Property type
Lot size
HOA dues
About this home
Preserve-view luxury starts here! This .28-acre lot in Aripeka backs to a heavily wooded preserve, offering privacy and the perfect setting for a future treehouse or retreat. Build your dream home with a luxury custom builder known for reputation, quality, and attention to detail. Aripeka is unlike cookie-cutter communities—here, preserved trees, winding nature trails, and unique architecture create a one-of-a-kind neighborhood. This private, gated community is golf cart-friendly and ideally located just minutes from beaches, shopping, I-95, and A-rated schools. With new homes starting from $1.2M, this homesite offers the perfect canvas for your vision of luxury living.
Local Insight
At $150K for a quarter-acre unimproved lot in Aripeka, you're pricing in the deep end of Viera's spectrum—Aripeka custom builds typically start north of $800K, so this land carry cost is real and should justify either a strong development plan or exceptional location within the community that isn't immediately obvious from lot size alone. The 360° tour is useful, but the critical question for any raw land here is whether you're buying to build custom or hold for appreciation, because without clarity on what Aripeka's design guidelines and actual buildable square footage allow, you could be looking at meaningful constraints or costs that aren't baked into this asking price.
AI-generated insight based on listing data and neighborhood context. Verify independently.
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history
- Price reduced$150,000
Facts & features
- Property type
- Land
- Sub type
- Unimproved Land
- Status
- Active
- Subdivision
- Aripeka
- County
- Brevard
- Lot size
- 12,197 sq ft
- MLS #
- 1058652
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Listing Details
- Original list price
- $195,000
Location
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Listings courtesy of Stellar MLS as distributed by MLS GRID
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information submitted to the MLS GRID as of June 5, 2026 at 1:33 PM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
All or a portion of the multiple listing information is provided by Stellar MLS, from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2026 Stellar MLS. All rights reserved.
Brevard County listings courtesy of the Space Coast Association of REALTORS® (Space Coast MLS)
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
© 2026Space Coast Association of REALTORS®. All information should be independently reviewed and verified for accuracy.
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