$2,500,000
Palm Bay, FL 32909
MLS# 1082796
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Property Description
Rare opportunity to acquire ±12.12 acres of city-served residential development land in the heart of southeast Palm Bay -- Brevard County's largest and fastest-growing city. Zoned RS-2 single-family and carrying both city water AND sewer. Preliminary due diligence package that de-risks months of feasibility work: a conceptual 33-lot RS-2 subdivision plan and a City of Palm Bay traffic/LOS analysis that confirms the site's arterial connection -- Emerson Drive SE, a four-lane divided minor arterial carrying 17,270 AADT -- operates well within capacity at buildout (V/C 0.47), with no concurrency roadblock to entitlement. The 33-lot concept is a floor, not a cap: the City's own traffic analysis modeled up to 41 dwelling units at maximum allowed density, giving an incoming builder or developer room to optimize the layout and maximize lot yield through the entitlement process.
Details
Maps
Documents
Location, Tax, and Legal
Tax Account: 2923458
Parcel Number: 29-37-05-Gj-0000b.0-0000.00
General County Location: South
Elementary School: Turner
Middle School: Southwest
High School: Palm Bay
Tax Annual Amount: 1246.73
Tax Year: 2025
Tax Legal Description: PORT MALABAR UNIT 9 TRACT B EX ORB 2711 PG 2293
Zoning Description: Single Family
Directions: I-95 to Malabar Rd, east to Minton Rd, south to Coply St SE, east to property.
General Property Information
Lot Size Acres: 12.12
Lot Size Square Feet: 300564
CDD Fee YN: No
List Price/Acre: 206270.63
Remarks and Miscellaneous
Public Remarks: Rare opportunity to acquire ±12.12 acres of city-served residential development land in the heart of southeast Palm Bay -- Brevard County's largest and fastest-growing city. Zoned RS-2 single-family and carrying both city water AND sewer. Preliminary due diligence package that de-risks months of feasibility work: a conceptual 33-lot RS-2 subdivision plan and a City of Palm Bay traffic/LOS analysis that confirms the site's arterial connection -- Emerson Drive SE, a four-lane divided minor arterial carrying 17,270 AADT -- operates well within capacity at buildout (V/C 0.47), with no concurrency roadblock to entitlement.
The 33-lot concept is a floor, not a cap: the City's own traffic analysis modeled up to 41 dwelling units at maximum allowed density, giving an incoming builder or developer room to optimize the layout and maximize lot yield through the entitlement process.
Closing Company Details
Closing Company Name: Prestige Title; nwilliams@prestigeclosings.com
Closing Company Address: 5120 N Highway US 1 Suite 103, Melbourne, FL 32940
Current Use
Residential: 1
Single Family: 1
Unimproved: 1
Listing Terms
Cash: 1
Other: 1
Lot Features
Many Trees: 1
Other: 1
Possession
Close Of Escrow: 1
Sewer
Public Sewer: 1
Special Listing Conditions
Standard: 1
Utilities
Water Available: 1
Water Source
Public: 1
Showing Requirements
Other: 1
Contract Information
Current Price: $2,500,000
Original List Price: 2500000
List Price: $2,500,000
Status: Active
Listing Contract Date: 2026-07-17
Property Sub Type: Unimproved Land
Location Tax and Legal
Street Number: 000
Street Name: Coply
Street Suffix: Street
Street Direction Suffix: SE
County: Brevard
State: FL
Postal Code: 32909
MLS Area Major: 343 - SE Palm Bay
Subdivision Name: Port Malabar Unit 9
Status Change Information
Major Change Timestamp: 2026-07-17T18:28:05Z
Major Change Type: New Listing
Status Change Timestamp: 2026-07-17
Property Features
Current Use: Residential; Single Family; Unimproved
Listing Terms: Cash; Other
Lot Features: Many Trees; Other
Possession: Close Of Escrow
Sewer: Public Sewer
Showing Requirements: Other
Special Listing Conditions: Standard
Utilities: Water Available
Water Source: Public
Supplements
Full central sewer removes the septic-density constraint that limits most Palm Bay land, allowing full RS-2 yield to be realized. The seller is also open to collaborating on final entitlements, and adjacent land may be available for green space, buffer, or open space -- flexibility that can shorten the approval timeline and structure a lower-risk transaction. Access is easy to Malabar Road and I-95.
Summary 
Listing Office: Waterman Real Estate Inc.
Last Updated: July - 22 - 2026
Information is deemed to be reliable, but is not guaranteed.