$1,495,000
Palm Bay, FL 32905
MLS# 1081416
1184 sqft
1 / 15
Property Description
1853 Wabun St NE: 1.77 acres, direct Indian River Lagoon frontage, Palm Bay. Approved site plan in hand for 35 multifamily units -- 10 one-bed, 20 two-bed, 5 three-bed, averaging 1,149 SF, every unit facing water. Utilities are in. Entitlement risk is gone. A buyer breaks ground instead of fighting a two-year approval process. Plan includes 65 parking spaces, 4 EV chargers, a resort-style pool, mailroom/parcel lockers, and outdoor grilling areas. Palm Bay has land everywhere. It does not have entitled waterfront. Luxury rents run $1,500-$2,200. Waterfront units push $2,400-$3,000+. This site is the scarce side of that spread, already approved.
Details
Maps
Location, Tax, and Legal
Unit Number: Sfr
Tax Account: 2825886
Parcel Number: 28-37-13-50-0000c.0-0014.00
General County Location: South
Tax Annual Amount: 5820.7
Tax Year: 2025
Tax Legal Description: HIAWATHA GARDENS SEC 2 LOTS 14 TO 17, S 15 FT OF LOTS 18,19, ALL OF LOTS 20 TO 23 BLK C TOGETHER WITH HIAWATHA GARDENS LOTS 7,13 BLK C
Directions: From Melbourne, head south on US-1 into Palm Bay, then turn east off Emerson Dr toward the Turkey Creek area onto Wabun St NE -- the property sits on the north side near San Filippo Dr.
General Property Information
Number Of Units Total: 0
Building Area Total: 1184
Lot Size Acres: 1.77
List Price/SqFt: 1262.67
Year Built: 1950
Remarks and Miscellaneous
Public Remarks: 1853 Wabun St NE: 1.77 acres, direct Indian River Lagoon frontage, Palm Bay. Approved site plan in hand for 35 multifamily units -- 10 one-bed, 20 two-bed, 5 three-bed, averaging 1,149 SF, every unit facing water. Utilities are in. Entitlement risk is gone. A buyer breaks ground instead of fighting a two-year approval process.
Plan includes 65 parking spaces, 4 EV chargers, a resort-style pool, mailroom/parcel lockers, and outdoor grilling areas.
Palm Bay has land everywhere. It does not have entitled waterfront. Luxury rents run $1,500-$2,200. Waterfront units push $2,400-$3,000+. This site is the scarce side of that spread, already approved.
Construction Materials
Other: 1
Cooling
Other: 1
Current Use
Other: 1
Fencing
Other: 1
Flooring
Other: 1
Heating
Other: 1
Lot Features
Other: 1
Parking Features
Other: 1
Road Frontage Type
City Street: 1
Roof
Other: 1
Sewer
Unknown: 1
Tenant Pays
Other: 1
Utilities
Other: 1
Water Source
Other: 1
Location
City: 1
Operating Expense Includes
Other: 1
Sale Includes
Land Only: 1
Contract Information
Current Price: $1,495,000
Original List Price: 1495000
List Price: $1,495,000
Status: Active
Listing Contract Date: 2026-07-01
Property Sub Type: Unimproved Land
Location Tax and Legal
Street Number: 1853
Street Name: Wabun
Street Suffix: Street
Street Direction Suffix: NE
County: Brevard
State: FL
Postal Code: 32905
MLS Area Major: 340 - NE Palm Bay
Subdivision Name: Hiawatha Gardens Sec 2
Status Change Information
Major Change Timestamp: 2026-07-01T18:31:26Z
Major Change Type: New Listing
Status Change Timestamp: 2026-07-01
Property Features
Construction Materials: Other
Cooling: Other
Current Use: Other
Fencing: Other
Flooring: Other
Heating: Other
Lot Features: Other
Operating Expense Includes: Other
Parking Features: Other
Road Frontage Type: City Street
Roof: Other
Sale Includes: Land Only
Sewer: Unknown
Tenant Pays: Other
Utilities: Other
Water Source: Other
Listing Office: Reach Commercial Real Estate
Last Updated: July - 03 - 2026
Information is deemed to be reliable, but is not guaranteed.