$285,000
Malabar, FL 32950
MLS# 861666
Status: Closed
3 beds | 2 baths | 4799 sqft
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Property Description
EXTREMELY MOTIVATED SELLER BRING ALL OFFERS, The potential is endless on this multifamily unit, currently zoned residential limited commercial with 5 income producing units, build up to 9 units on this amazing 2.25 acre lot right in front on Indian River. Route 1 motor sport just built a brand new store almost right next to it and many other residential and commercial development are projected for this area, Melbourne Beach just 10 min away, Palm Bay marina 5 min away, Palm Bay hospital 5 min away, Sebastian Inlet 20 min away,
Details
Maps
Location, Tax, and Legal
Tax Account: 2850952
Parcel Number: 28-38-31-00-00259.0-0000.00
General County Location: South
Elementary School: Port Malabar
Middle School: Stone
High School: Palm Bay
Tax Annual Amount: 5263.99
Tax Year: 2019
Tax Legal Description: PART OF SE 1/4 OF NW 1/4 E OF RR AS DES IN DB 77 PG 80 EX DB 167 PG 595, G L 2 & RD R/W
Directions: south on US1 property on your right
General Property Information
Bathrooms Half: 0
Living Area: 3899
Living Area Source: Public Records
Building Area Total: 4799
Lot Size Acres: 2.23
Lot Size Square Feet: 97139
Association YN: No
New Construction YN: No
Garage YN: No
Garage Spaces: 0
Carport YN: No
Carport Spaces: 0
Waterfront YN: No
Land Site Description: RIVER VIEW
Senior Community YN: No
Water Body Access YN: No
Furnished: Unfurnished
Direction Faces: East
Pool Private YN: No
List Price/SqFt: 89.77
Sold Price/SqFt: 73.1
Bedrooms Total: 3
Bathrooms Total: 2
Bathrooms Full: 2
Year Built: 1916
Remarks and Miscellaneous
Public Remarks: EXTREMELY MOTIVATED SELLER BRING ALL OFFERS, The potential is endless on this multifamily unit, currently zoned residential limited commercial with 5 income producing units, build up to 9 units on this amazing 2.25 acre lot right in front on Indian River. Route 1 motor sport just built a brand new store almost right next to it and many other residential and commercial development are projected for this area, Melbourne Beach just 10 min away, Palm Bay marina 5 min away, Palm Bay hospital 5 min away, Sebastian Inlet 20 min away,
Appliances
Electric Range: 1
Refrigerator: 1
Closing Company Details
Closing Company Name: Peninsula Title
Closing Company Address: 4888 Babcock St Ne Palm bay Fl 32905
Construction Materials
Block: 1
Concrete: 1
Frame: 1
Stucco: 1
Wood Siding: 1
Flooring
Tile: 1
Interior Features
Ceiling Fan(s): 1
Levels
Two: 1
Pool Features
None: 1
Roof
Metal: 1
Sewer
Septic Tank: 1
Special Listing Conditions
Standard: 1
View
River: 1
Water: 1
Showing Requirements
Call Listing Agent: 1
Contract Information
Current Price: $285,000
Original List Price: 350000
Sold Price: $285,000
Status: Closed
Listing Contract Date: 2019-11-23
Property Sub Type: Single Family Residence
Location Tax and Legal
Street Number: 1250
Street Direction Prefix: S
Street Name: Highway 1
County: Brevard
State: FL
Postal Code: 32950
MLS Area Major: 342 - Malabar/Grant-Valkaria
Subdivision Name: None
Status Change Information
Major Change Timestamp: 2020-02-28T21:57:55Z
Major Change Type: Status Change
Status Change Timestamp: 2020-02-28
Purchase Contract Date: 2020-01-04
Close Date: 2020-02-18
Close Price: 285000
Property Features
Appliances: Electric Range; Refrigerator
Construction Materials: Block; Concrete; Frame; Stucco; Wood Siding
Flooring: Tile
Interior Features: Ceiling Fan(s)
Levels: Two
Pool Features: None
Roof: Metal
Sewer: Septic Tank
Showing Requirements: Call Listing Agent
Special Listing Conditions: Standard
View: River; Water
Listing Office: RE/MAX Elite
Last Updated: June - 22 - 2026
Information is deemed to be reliable, but is not guaranteed.