In 2019, the City acquired a 0.14-acre lot located at 1042 Moonlight Court NE in Port Malabar Holiday Park Mobile Home Recreation District (Holiday Park) through escheatment by Brevard County for nonpayment of taxes pursuant to the tax certificates/tax deeds sale procedures of the Chapter 197, Florida Statutes.
On August 20, 2020, City Council declared this property as surplus real estate. This property has been listed for sale through the City's contract residential real estate broker, Ellingson Properties, LLC.
Ellingson Properties prepared a Comparative Market Analysis (CMA) with a suggested list price of $24,980. Following review, the City requested the broker list this property at the value of the highest comparable, which was $29,989. On May 20, the City received a purchase offer of $20,000 from buyer Teresa A. Linton, for which the City countered at $25,000. Subsequently, the Buyer submitted a counter offer of $22,250.
It is important to note that, while the City has title to the land, it does not have clear title to the mobile home. Any interested buyer, at their own expense, would need to subsequently file a title action related to the mobile home, which is in severe disrepair as the home has been neglected for years. The Buyer accepts the property as-is and understands that the title action and all other remedies to the property or mobile home is at the Buyer's expense.
REQUESTING DEPARTMENT:
Community & Economic Development