$1,000,000
Malabar, FL 32950
MLS# 891821
Status: Closed
8716 sqft
1 / 40
Property Description
Originally built as a school in 1927, this historic property has been used for many purposes over the years. Currently a luxury wedding/event venue known as Banyan Estate. The 2.4 acres of majestic grounds encourage visitors to explore the surrounding 350+ acres of preservation land and trails. This fully renovated property features classical architecture & eclectic spaces both indoor & outdoor that balance the vintage elements with modern conveniences. Stunning chandeliers, handcrafted floors, restored vintage floor to ceiling windows, and sweeping scenic views all reflect the property's elegant beauty. The graceful charm throughout sets the tone for endless possibilities. A perfect backdrop ready to continue on as a venue or be converted to residential, office space, retail or mixed use.
Details
Maps
Location, Tax, and Legal
Tax Account: 2846306
Parcel Number: 28-37-36-00-00753.0-0000.00
General County Location: South
Tax Year: 2020
Tax Legal Description: PART OF S 1/2 OF NE 1/4 OF SE 1/4 AS DESC IN ORB 3165 PG 4577 EXC ORB 3307 PG 1533
Directions: Take exit 173 from 1-95, turn left and follow Malabar Rd SE for 3.6 miles. Turn left onto Marie St. Property is on the left.
General Property Information
Number Of Units Total: 1
Stories Total: 2
Building Area Total: 8716
Lot Size Acres: 2.4
Association YN: No
Property Use: C-MIXED USE - COMMERCIAL PROPERTY (1210)
Water Body Access YN: No
Use Code: 12 / COMMERCIAL, MIXED USE
List Price/SqFt: 126.2
Sold Price/SqFt: 114.73
Year Built: 1927
Remarks and Miscellaneous
Public Remarks: Originally built as a school in 1927, this historic property has been used for many purposes over the years. Currently a luxury wedding/event venue known as Banyan Estate. The 2.4 acres of majestic grounds encourage visitors to explore the surrounding 350+ acres of preservation land and trails. This fully renovated property features classical architecture & eclectic spaces both indoor & outdoor that balance the vintage elements with modern conveniences. Stunning chandeliers, handcrafted floors, restored vintage floor to ceiling windows, and sweeping scenic views all reflect the property's elegant beauty. The graceful charm throughout sets the tone for endless possibilities. A perfect backdrop ready to continue on as a venue or be converted to residential, office space, retail or mixed use.
Construction Materials
Concrete: 1
Stucco: 1
Cooling
Central Building: 1
Electric: 1
Current Use
Commercial: 1
Electric
100 Amp Service: 1
220 Volts: 1
Flooring
Wood: 1
Heating
Central: 1
Electric: 1
Possession
Close Of Escrow: 1
Roof
Tar/Gravel: 1
Security Features
Smoke Detector(s): 1
Sewer
Septic Tank: 1
Special Listing Conditions
Owner Licensed RE: 1
Utilities
Cable Available: 1
Water Source
Well: 1
Sale Includes
Building & Land: 1
Historical Information
Public Historical Remarks 3: Utilities-3-Phase Electric: Y
Contract Information
Current Price: $1,000,000
Original List Price: 1150000
Sold Price: $1,000,000
Status: Closed
Listing Contract Date: 2020-12-07
Property Sub Type: Business
Location Tax and Legal
Street Number: 1490
Street Name: Marie
Street Suffix: Street
County: Brevard
State: FL
Postal Code: 32950
MLS Area Major: 342 - Malabar/Grant-Valkaria
Subdivision Name: None
Status Change Information
Major Change Timestamp: 2023-11-11T09:37:07Z
Major Change Type: Price Reduced
Price Change Timestamp: 2021-02-01T21:40:29Z
Status Change Timestamp: 2021-04-05
Purchase Contract Date: 2021-02-05
Close Date: 2021-04-01
Close Price: 1000000
Property Features
Construction Materials: Concrete; Stucco
Cooling: Central Building
Current Use: Commercial
Electric: 100 Amp Service; 220 Volts
Flooring: Wood
Heating: Central; Electric
Possession: Close Of Escrow
Roof: Tar/Gravel
Sale Includes: Building & Land
Security Features: Smoke Detector(s)
Sewer: Septic Tank
Special Listing Conditions: Owner Licensed RE
Utilities: Cable Available
Water Source: Well
Supplements
use.
Listing Office: Pastermack Real Estate
Last Updated: November - 02 - 2024
Information is deemed to be reliable, but is not guaranteed.