$1,500,000
Malabar, FL 32950
MLS# 1078014
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Property Description
Positioned along high-visibility US-1, this 10+ acre parcel offers a rare combination of acreage, river frontage, and flexible R-LC zoning for residential and limited commercial opportunities. With approximately 400 feet of Indian River frontage plus US-1 frontage, the property presents strong potential for future development, income-producing use, or long-term land banking. Current zoning allows up to 6 residential units per acre, creating possibilities for a thoughtful residential or mixed-use concept. Whether you are looking to develop now or secure a strategic waterfront corridor investment for the future, this parcel offers location, scale, and upside that are increasingly hard to find.
Details
Maps
Location, Tax, and Legal
Tax Account: 2953315
Parcel Number: 29-38-06-00-00003.0-0000.00
General County Location: South
Elementary School: Port Malabar
Middle School: Stone
High School: Palm Bay
Tax Annual Amount: 4957.21
Tax Year: 2023
Tax Legal Description: PART OF GOVT LOT 1 AS DESC IN ORB 3496 PG 4745 EXC ORB 7185 PG 1297 PAR 4
Directions: From Malabar, head south on US1.
General Property Information
Lot Size Acres: 10.53
Lot Size Square Feet: 458687
Water Body Access YN: No
Waterfront YN: Yes
Water Body Name: Indian River
CDD Fee YN: No
List Price/Acre: 142450.14
Currently Not Used
Pool Private YN: No
Remarks and Miscellaneous
Public Remarks: Positioned along high-visibility US-1, this 10+ acre parcel offers a rare combination of acreage, river frontage, and flexible R-LC zoning for residential and limited commercial opportunities. With approximately 400 feet of Indian River frontage plus US-1 frontage, the property presents strong potential for future development, income-producing use, or long-term land banking. Current zoning allows up to 6 residential units per acre, creating possibilities for a thoughtful residential or mixed-use concept. Whether you are looking to develop now or secure a strategic waterfront corridor investment for the future, this parcel offers location, scale, and upside that are increasingly hard to find.
Closing Company Details
Closing Company Name: Supreme Title
Closing Company Address: 125 W New Haven Ave, Melbourne, FL 32901
Current Use
Commercial: 1
Mixed Use: 1
Multi-Family: 1
Residential: 1
Retail: 1
Single Family: 1
Unimproved: 1
Listing Terms
Cash: 1
Conventional: 1
Lot Features
Many Trees: 1
Possession
Close Of Escrow: 1
Road Frontage Type
Highway: 1
Road Surface Type
Asphalt: 1
Sewer
Septic Tank: 1
Unknown: 1
Special Listing Conditions
Standard: 1
Utilities
Electricity Available: 1
View
River: 1
Water Source
None: 1
Waterfront Features
River Front: 1
Development Status
Raw Land: 1
Showing Requirements
Call Listing Agent: 1
Contract Information
Current Price: $1,500,000
Original List Price: 1500000
List Price: $1,500,000
Status: Active
Listing Contract Date: 2026-05-22
Property Sub Type: Unimproved Land
Location Tax and Legal
Street Number: 1860
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: 2026-05-22T14:19:12Z
Major Change Type: New Listing
Status Change Timestamp: 2026-05-22
Property Features
Current Use: Commercial; Mixed Use; Multi-Family; Residential; Retail; Single Family; Unimproved
Development Status: Raw Land
Listing Terms: Cash; Conventional
Lot Features: Many Trees
Possession: Close Of Escrow
Road Frontage Type: Highway
Road Surface Type: Asphalt
Sewer: Septic Tank; Unknown
Showing Requirements: Call Listing Agent
Special Listing Conditions: Standard
Utilities: Electricity Available
View: River
Water Source: None
Waterfront Features: River Front
Listing Office: Dale Sorensen Real Estate Inc.
Last Updated: May - 22 - 2026
Information is deemed to be reliable, but is not guaranteed.