$1,900,000
Palm Bay, FL 32909
MLS# 1082796
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Property Description
Rare opportunity to acquire ±12.12 acres of fully 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 with both city water AND sewer, this site arrives with a preliminary due diligence package that de-risks months of feasibility work for an incoming builder or developer. Three independent conceptual subdivision designs have been completed, each demonstrating the site's flexibility and yield potential under RS-2 zoning. The baseline concept delivers 33 finished lots; alternative layouts push the yield to 41+ lots at maximum allowable density — giving a buyer multiple proven development paths to evaluate and optimize through the entitlement process. The City's own traffic and Level of Service (LOS) analysis confirms the site's primary 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),
Details
Maps
Documents
Contract Information
Comp Sale YN: No
Current Price: $1,900,000
Original List Price: 2500000
List Price: $1,900,000
Status: Active
Listing Contract Date: 2026-07-17
Property Sub Type: Unimproved Land
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: 527947.2
CDD Fee YN: No
List Price/Acre: 156765.68
Remarks and Miscellaneous
Public Remarks: Rare opportunity to acquire ±12.12 acres of fully 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 with both city water AND sewer, this site arrives with a preliminary due diligence package that de-risks months of feasibility work for an incoming builder or developer. Three independent conceptual subdivision designs have been completed, each demonstrating the site's flexibility and yield potential under RS-2 zoning. The baseline concept delivers 33 finished lots; alternative layouts push the yield to 41+ lots at maximum allowable density — giving a buyer multiple proven development paths to evaluate and optimize through the entitlement process. The City's own traffic and Level of Service (LOS) analysis confirms the site's primary 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),
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
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: 2026-09-15T15:53:17Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-09-15T15:53:17Z
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
with no concurrency roadblock to entitlement. 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.
No Wetlands 
Listing Office: Waterman Real Estate Inc.
Last Updated: September - 22 - 2026
Information is deemed to be reliable, but is not guaranteed.