$1,500,000
Palm Bay, FL 32907
MLS# 1040803
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Property Description
This +/- 2.50 acre parcel offers a significant development opportunity, benefiting from its location off of bustling Malabar Road, and its immediate proximity to existing office buildings. The site allows for a multitude of potential uses, and will benefit from the established surrounding business environment.
Details
Maps
Documents
Location, Tax, and Legal
Tax Account: 2923407
Parcel Number: 29-37-04-00-00010.0-0000.00
General County Location: South
Elementary School: Port Malabar
Middle School: Stone
High School: Palm Bay
Tax Annual Amount: 17681
Tax Year: 2024
Tax Legal Description: PART OF LOT 32 OF PB 1 PG 165 AS DESC IN ORB 2716 PG 623 EXC ORB 6740 PG 938 & HWY R/W
Directions: From I95, east on Malabar Rd., right at access road between 1260 and 1264 Malabar Rd. (just before Babcock St.), drive to gate.
General Property Information
Lot Size Acres: 2.5
Lot Size Square Feet: 152024
Water Body Access YN: No
CDD Fee YN: No
List Price/Acre: 600000
Remarks and Miscellaneous
Public Remarks: This +/- 2.50 acre parcel offers a significant development opportunity, benefiting from its location off of bustling Malabar Road, and its immediate proximity to existing office buildings. The site allows for a multitude of potential uses, and will benefit from the established surrounding business environment.
Closing Company Details
Closing Company Name: Bella Title, Lee Evans, 321-610-7806
Closing Company Address: 6450 N Wickham Rd., Ste 106, Melbourne 32940
Current Use
Unimproved: 1
Fencing
Chain Link: 1
Legal Details
Plat Book #: 1
Plat Book Page: 165
Listing Terms
Cash: 1
Conventional: 1
Lot Features
Cleared: 1
Dead End Street: 1
Easement Access: 1
Flag Lot: 1
Many Trees: 1
Possession
Close Of Escrow: 1
Road Frontage Type
Private Road: 1
Road Surface Type
Asphalt: 1
Dirt: 1
Sewer
Public Sewer: 1
Special Listing Conditions
Standard: 1
Utilities
Cable Available: 1
Electricity Available: 1
Sewer Available: 1
Water Available: 1
Water Source
Public: 1
Development Status
Raw Land: 1
Showing Requirements
Call Listing Agent: 1
Gated: Private
Listing Agent Must Accompany: 1
Contract Information
Current Price: $1,500,000
Original List Price: 1000000
List Price: $1,500,000
Status: Active
Listing Contract Date: 2025-03-21
Property Sub Type: Unimproved Land
Location Tax and Legal
Street Name: Malabar
Street Suffix: Road
Street Direction Suffix: SE
County: Brevard
State: FL
Postal Code: 32907
MLS Area Major: 343 - SE Palm Bay
Subdivision Name: None
Status Change Information
Major Change Timestamp: 2025-09-19T16:43:27Z
Major Change Type: Price Reduced
Price Change Timestamp: 2025-09-19T16:43:27Z
Status Change Timestamp: 2025-03-21
Property Features
Current Use: Unimproved
Development Status: Raw Land
Fencing: Chain Link
Listing Terms: Cash; Conventional
Lot Features: Cleared; Dead End Street; Easement Access; Flag Lot; Many Trees
Possession: Close Of Escrow
Road Frontage Type: Private Road
Road Surface Type: Asphalt; Dirt
Sewer: Public Sewer
Showing Requirements: Call Listing Agent; Listing Agent Must Accompany
Special Listing Conditions: Standard
Utilities: Cable Available; Electricity Available; Sewer Available; Water Available
Water Source: Public
Survey 
Listing Office: Rahal Real Estate LLC
Last Updated: December - 11 - 2025
Information is deemed to be reliable, but is not guaranteed.