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Key Details
Sold Price $575,000
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Sold
Purchase Type For Sale
Subdivision Port Malabar Unit 49
MLS Listing ID 1029543
Sold Date 05/30/25
Annual Tax Amount $3,541
Tax Year 2024
Lot Size 11.620 Acres
Acres 11.62
Property Sub-Type Unimproved Land
Source Space Coast MLS (Space Coast Association of REALTORS®)
Property Description
Prime 11.62-Acre Development Opportunity in Palm Bay!
11.62-acre parcel presents an excellent investment opportunity for residential development in one of Palm Bay's up-and-coming areas. Zoned for Currently for a single-family home, this expansive, flat lot offers ample space to create a thoughtfully planned residential community, appealing to buyers or renters looking for tranquility within reach of urban amenities.
Palm Bay's proximity to major highways, popular beaches, and high-quality schools makes it a magnet for those seeking Florida's warm climate and lifestyle without the congestion of the city. The property is just minutes from I-95, providing easy access to the surrounding cities and regional attractions. Nearby parks, recreational facilities, and shopping centers also enhance the appeal of this neighborhood.
With new infrastructure improvements in the works across Palm Bay, this area is primed for growth and is already attracting attention from developers... and investors alike. Don't miss this rare opportunity to shape the next residential community in a thriving market.
Key Property Highlights:
Lot Size: 11.62 acres
Zoning: Single-Family Residential
Location: Corner of Madden Ave SW & Sidney St SW
Accessibility: Minutes to I-95, close to schools, parks, and shopping
Development Potential: Ideal for creating a new residential community in an area experiencing strong growth
Invest in the future of Palm Bay with this prime location, perfect for residential development or as a long-term investment in Florida's flourishing real estate market.
Location
State FL
County Brevard
Area 345 - Sw Palm Bay
Direction FROM MALABAR RD TURN SOUTH ON MINTON RD; TURN RIGHT ONTO JUPITER BLVD; TURN LEFT ONTO DEGROODT RD; TURN RIGHT ONTO ST. ANDRE BLVD; TURN RIGHT ONTO MADDEN AVE.
Exterior
Exterior Feature ExteriorFeatures
Utilities Available Cable Available, Electricity Available, Water Available, Other
View Trees/Woods
Present Use Residential,Single Family
Street Surface Asphalt,Gravel
Road Frontage Other
Garage No
Building
Lot Description Cleared, Corner Lot
Sewer Septic Tank
Water Well
Schools
Elementary Schools Westside
High Schools Bayside
Others
Senior Community No
Security Features 24 Hour Security,Closed Circuit Camera(s)
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
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Bought with Ellingson Properties