Montecito - SOLD
Brevard County – City of Satellite Beach
Parcel 2C & 2D
Overview
This Satellite Beach project is located between South Patrick Drive (SR 513) and A-1-A, which runs along the eastern shore of the Atlantic coast. The overall 101-acre project is partially build-out. The master site plan for Montecito includes; 127 single family units (126 are constructed and occupied), 292 town-home units (all but the subject 150 units are either built or will soon start construction) and 400 condo units located on the far eastern portion of the site, which have not begun any development to date.
The Montecito CDD SPE (Montecito CDD Holdings, Inc.) is the owner of 150 town home units which are currently undeveloped and un-platted. Entitlements are in place and construction plans and permitting are expected to begin soon. To date the overall project has been very well executed. The townhome units have A-bond debt in place, which will be assumed by the new buyer and ultimately passed-thru to homeowners.
Gallery
Contact Us
For more information about this property contact Chip Jones at Lerner
Real Estate Advisors
Ph: (813) 898-0288
Email: cjones@lerneradvisors.com
