The Real Deal Miami

Villages of West Melbourne, 495-acre development site, sells for $5 million

November 21, 2012 12:45PM

Keith Kidwell

The site of the Villages of West Melbourne, a 495-acre planned residential development in Melbourne, has sold for $5 million, according to Sperry Van Ness and Moecker Realty. The property, which is located at 3850 Minton Road in Melbourne. That works out to an average of $10,101 per acre. The property had previously been approved for 912 single-family home sites. The seller was Michael Moecker, asignee for RDR Communities. Sperry Van Ness Commercial Realty’s Keith Kidwell and Moecker Realty represented the seller in the transaction. The buyer was not disclosed. — Alexander Britell