$1,500,000
Indialantic, FL 32903
MLS# 1051402
1 / 2
Property Description
Rare Beachside Development Lot - STR Zoning + Approved Permits Shovel-ready and short-term rental approved! This cleared 100' x 250' (.57-acre) lot is fully permitted for an 8-unit townhome project—two buildings with four units each. Each planned unit is over 2,250 sq ft, featuring 3 beds + loft, 2.5 baths, and a 2-car garage. Located just blocks from the beach in one of Indialantic's only STR-approved zones, this parcel is ideal for investors or builders looking for a turnkey development play. Plans, permits, and renderings included—build now or hold for future upside.
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
Zoning Description: Multi Family
Directions: A1A South of Eau Gallie Causeway to Coral Way. West on Coral Way
General Property Information
Lot Size Acres: 0.57
Lot Size Square Feet: 24829
Water Body Access YN: No
CDD Fee YN: No
List Price/Acre: 2631578.95
Remarks and Miscellaneous
Public Remarks: Rare Beachside Development Lot - STR Zoning + Approved Permits
Shovel-ready and short-term rental approved! This cleared 100' x 250' (.57-acre) lot is fully permitted for an 8-unit townhome project—two buildings with four units each. Each planned unit is over 2,250 sq ft, featuring 3 beds + loft, 2.5 baths, and a 2-car garage.
Located just blocks from the beach in one of Indialantic's only STR-approved zones, this parcel is ideal for investors or builders looking for a turnkey development play. Plans, permits, and renderings included—build now or hold for future upside.
Current Use
Unimproved: 1
Listing Terms
Cash: 1
Conventional: 1
Other: 1
Lot Features
Cleared: 1
Possession
Close Of Escrow: 1
Sewer
Public Sewer: 1
Special Listing Conditions
Standard: 1
Utilities
Electricity Available: 1
Water Available: 1
Water Source
Public: 1
Development Status
Site Plan Approved: 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: Unimproved Land
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: 2025-08-12T15:39:47Z
Major Change Type: Price Reduced
Price Change Timestamp: 2025-08-12T15:39:47Z
Status Change Timestamp: 2025-07-10
Property Features
Current Use: Unimproved
Development Status: Site Plan Approved
Listing Terms: Cash; Conventional; Other
Lot Features: Cleared
Possession: Close Of Escrow
Sewer: Public Sewer
Showing Requirements: Call Listing Agent
Special Listing Conditions: Standard
Utilities: Electricity Available; Water Available
Water Source: Public
Coral Way Floor plan Right 
Listing Office: Relentless Real Estate Co.
Last Updated: August - 19 - 2025
Information is deemed to be reliable, but is not guaranteed.