$1,495,000
Indian Harbour Beach, FL 32937
MLS# 1070432
1 / 8
Property Description
The subject property consists of a 1.31-acre parcel located in the City of Indian Harbour Beach and is currently zoned B-1 (General Commercial). Permitted uses under this zoning designation include retail, restaurant, professional office, religious facilities, and other commercial uses. In addition, the property has been granted a Conditional Land Use approval allowing for the development of an assisted living facility. The previous property owner planned a three-story, 96-bed assisted living facility on the site, but that design would require official city approval. The City has also indicated a willingness to rezone the property to R-2 (Residential), which would permit development at a density of seven (7) dwelling units per acre. At this density, the 1.31-acre site would support approximately nine (9) units, with the potential to accommodate up to ten (10) townhome lots, subject to final site design and municipal approvals, as illustrated in the attached conceptual site plan.
Details
Maps
Documents
Contract Information
Comp Sale YN: No
Current Price: $1,495,000
Original List Price: 1495000
List Price: $1,495,000
Status: Active
Listing Contract Date: 2026-02-26
Property Sub Type: Multi Family
Location, Tax, and Legal
Tax Account: 2745758
Parcel Number: 27-37-13-00-00275.0-0000.00
General County Location: South
Tax Annual Amount: 6273.58
Tax Year: 2023
Tax Legal Description: PART OF S 1/2 OF NW 1/4 OF NW 1/4 AS DESC IN ORB 5639 PG 1560
Zoning Description: Commercial
Directions: This site is located in Indian Harbour Beach on the north side of Eau Gallie Blvd and is behind the Tropical Smoothie and the Cazadores restaurant.
General Property Information
Number Of Units Total: 1
Building Area Total: 0
Lot Size Acres: 1.31
Year Built: 2026
Remarks and Miscellaneous
Public Remarks: The subject property consists of a 1.31-acre parcel located in the City of Indian Harbour Beach and is currently zoned B-1 (General Commercial). Permitted uses under this zoning designation include retail, restaurant, professional office, religious facilities, and other commercial uses.
In addition, the property has been granted a Conditional Land Use approval allowing for the development of an assisted living facility. The previous property owner planned a three-story, 96-bed assisted living facility on the site, but that design would require official city approval.
The City has also indicated a willingness to rezone the property to R-2 (Residential), which would permit development at a density of seven (7) dwelling units per acre. At this density, the 1.31-acre site would support approximately nine (9) units, with the potential to accommodate up to ten (10) townhome lots, subject to final site design and municipal approvals, as illustrated in the attached conceptual site plan.
Construction Materials
Other: 1
Current Use
Unimproved: 1
Listing Terms
Cash: 1
Other: 1
Lot Features
Other: 1
Parking Features
Other: 1
Possession
Close Of Escrow: 1
Sewer
Public Sewer: 1
Special Listing Conditions
Corporate Owned: 1
Unit 1 Details
Unit ID: 1
Annual Rent: 1
Unit SqFt: 1
# Units (This Type): 1
Baths Total: 1
Furnished: Unfurnished
Unit Remarks: 1
Utilities
Sewer Available: 1
Water Available: 1
Water Source
Public: 1
Showing Requirements
Call Listing Agent: 1
Sale Includes
Land Only: 1
Location Tax and Legal
Street Number: 201
Street Name: Mediterranean
Street Suffix: Way
County: Brevard
State: FL
Postal Code: 32937
MLS Area Major: 382-Satellite Bch/Indian Harbour Bch
Subdivision Name: None
Status Change Information
Major Change Timestamp: 2026-02-26T19:47:06Z
Major Change Type: New Listing
Status Change Timestamp: 2026-02-26
Property Features
Construction Materials: Other
Current Use: Unimproved
Listing Terms: Cash; Other
Lot Features: Other
Parking Features: Other
Possession: Close Of Escrow
Sale Includes: Land Only
Sewer: Public Sewer
Showing Requirements: Call Listing Agent
Special Listing Conditions: Corporate Owned
Utilities: Sewer Available; Water Available
Water Source: Public
Supplements
Mediterranean Way is currently developed with townhomes as part of the Fortebello community, providing strong compatibility with a potential residential redevelopment and supporting the feasibility of the proposed rezoning.
B-1 zoning 
Listing Office: SouthTrend Realty
Last Updated: February - 26 - 2026
Information is deemed to be reliable, but is not guaranteed.