$1,500,000
Indialantic, FL 32903
MLS# 1051378
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Property Description
Rare Indialantic Investment Opportunity! Fully permitted and shovel-ready 8-unit townhome project on a cleared .57-acre beachside lot zoned for short-term rentals (Airbnb/VRBO)—a true rarity in Indialantic! Plans approved for two buildings with four 3BR+Loft, 2.5BA, 2-car garage units each, totaling 8 income-producing townhomes. Each unit is over 2,250 sq ft with modern, coastal-inspired design and 10' ceilings. Walk to the beach, shops, and restaurants. Use your own builder or ours and break ground immediately. Pro forma rental income and comps available. Whether you build-to-rent or build-to-sell, this is the cash-flowing beachside project your portfolio needs. Permits + plans included. Zoned STR. Ready to build.
Details
Maps
Documents
Location, Tax, and Legal
Tax Account: 2716292
Parcel Number: 27-37-13-78-00002.0-0008.00
General County Location: South
Elementary School: Indialantic
Middle School: Hoover
High School: Melbourne
Tax Annual Amount: 3017.25
Tax Year: 2024
Directions: A1A South of Eau Gallie Causeway to Coral Way. West on Coral Way
General Property Information
Bathrooms Half: 0
Lot Size Acres: 0.57
Lot Size Square Feet: 24829
Association YN: No
New Construction YN: No
Garage YN: No
Carport YN: No
Water Body Access YN: No
Remarks and Miscellaneous
Public Remarks: Rare Indialantic Investment Opportunity!
Fully permitted and shovel-ready 8-unit townhome project on a cleared .57-acre beachside lot zoned for short-term rentals (Airbnb/VRBO)—a true rarity in Indialantic! Plans approved for two buildings with four 3BR+Loft, 2.5BA, 2-car garage units each, totaling 8 income-producing townhomes. Each unit is over 2,250 sq ft with modern, coastal-inspired design and 10' ceilings. Walk to the beach, shops, and restaurants.
Use your own builder or ours and break ground immediately. Pro forma rental income and comps available. Whether you build-to-rent or build-to-sell, this is the cash-flowing beachside project your portfolio needs.
Permits + plans included. Zoned STR. Ready to build.
Construction Materials
Other: 1
Cooling
Other: 1
Current Use
Unimproved: 1
DPR Eligible
DPR Eligible: No
Heating
None: 1
Listing Terms
Cash: 1
Conventional: 1
Other: 1
Lot Features
Cleared: 1
Possession
Close Of Escrow: 1
Road Frontage Type
City Street: 1
Sewer
Public Sewer: 1
Special Listing Conditions
Corporate Owned: 1
Utilities
Electricity Available: 1
Water Available: 1
Water Source
Public: 1
Showing Requirements
Call Listing Agent: 1
Contract Information
Current Price: $1,500,000
Original List Price: 1800000
List Price: $1,500,000
Status: Active
Listing Contract Date: 2025-07-10
Property Sub Type: Multi Family
Location Tax and Legal
Street Number: 124
Street Name: Coral Way
Street Suffix: Way
Street Direction Suffix: E
County: Brevard
State: FL
Postal Code: 32903
MLS Area Major: 383 - N Indialantic
Subdivision Name: Eden Estates
Status Change Information
Major Change Timestamp: 2025-08-12T15:38:16Z
Major Change Type: Price Reduced
Price Change Timestamp: 2025-08-12T15:38:16Z
Status Change Timestamp: 2025-07-10
Property Features
Construction Materials: Other
Cooling: Other
Current Use: Unimproved
Heating: None
Listing Terms: Cash; Conventional; Other
Lot Features: Cleared
Possession: Close Of Escrow
Road Frontage Type: City Street
Sewer: Public Sewer
Special Listing Conditions: Corporate Owned
Utilities: Electricity Available; Water Available
Water Source: Public
Showing Requirements: Call Listing Agent
Coral Way Floor plan Right 
Listing Office: Relentless Real Estate Co.
Last Updated: October - 15 - 2025
Information is deemed to be reliable, but is not guaranteed.