$3,900,000
Palm Bay, FL 32909
MLS# 1090445
48 baths | 235700 sqft
1 / 19
Property Description
Amazing opportunity to acquire and complete a 24-unit residential development under construction in SE in Palm Bay. Offered as an entire project in its current, incomplete condition, the development features 2 bed, 2 bath floor plans with 907 sq ft of living space per unit and outdoor balcony space. Concrete block construction and open living areas provide the foundation for the planned residences, with proposed finishes including granite countertops in kitchens and bathrooms, stainless steel appliances, central a/c, ceiling fans, indoor laundry rooms, balconies and reserved parking. An existing assumable loan offers a potential financing opportunity, subject to lender approval, buyer qualification and verification of loan terms. Buyer will be responsible for completing construction and obtaining all required final approvals before occupancy.
Details
Maps
Contract Information
Comp Sale YN: No
Current Price: $3,900,000
Original List Price: 3900000
List Price: $3,900,000
Status: Active
Listing Contract Date: 2026-10-05
Property Sub Type: Multi Family
Location, Tax, and Legal
Tax Account: 2922959
Parcel Number: 9-37-03-26-1982-17
General County Location: South
Tax Annual Amount: 3782
Tax Year: 2026
Zoning Description: Multi Family
Directions: From Malabar head south on Babcock. Take the second left on Agora, heading east.
General Property Information
Number Of Units Total: 24
Stories Total: 2
Building Area Total: 235700
Building Area Source: Estimated
Lot Size Acres: 1.52
Association YN: No
Building Name: Malabar Grand Apartments
Water Body Access YN: No
Waterfront YN: No
Land Lease YN: No
Senior Community YN: No
List Price/SqFt: 16.55
Bathrooms Total: 48
Year Built: 2026
Remarks and Miscellaneous
Public Remarks: Amazing opportunity to acquire and complete a 24-unit residential development under construction in SE in Palm Bay. Offered as an entire project in its current, incomplete condition, the development features 2 bed, 2 bath floor plans with 907 sq ft of living space per unit and outdoor balcony space. Concrete block construction and open living areas provide the foundation for the planned residences, with proposed finishes including granite countertops in kitchens and bathrooms, stainless steel appliances, central a/c, ceiling fans, indoor laundry rooms, balconies and reserved parking. An existing assumable loan offers a potential financing opportunity, subject to lender approval, buyer qualification and verification of loan terms. Buyer will be responsible for completing construction and obtaining all required final approvals before occupancy.
Construction Materials
Block: 1
Cooling
Central Air: 1
Current Use
Multi-Family: 1
Flooring
Vinyl: 1
Heating
Central: 1
Listing Terms
Cash: 1
Other: 1
Lot Features
Cul-De-Sac: 1
Few Trees: 1
Parking Features
Parking Lot: 1
Possession
Close Of Escrow: 1
Roof
Shingle: 1
Sewer
Public Sewer: 1
Unit 1 Details
Unit ID: 2180-1
Annual Rent: 1700
Unit SqFt: 907
# Units (This Type): 24
Baths Total: 2
Furnished: Unfurnished
Unit Remarks: Estimated Rent
Unit 2 Details
Unit ID: 2170-2
Annual Rent: 1700
Unit SqFt: 907
# Units (This Type): 24
Baths Total: 2
Furnished: Unfurnished
Unit Remarks: Estimated Rent
Unit 3 Details
Unit ID: 2160-3
Annual Rent: 1700
Unit SqFt: 907
# Units (This Type): 24
Baths Total: 2
Furnished: Unfurnished
Unit Remarks: Estimated Rent
Unit 4 Details
Unit ID: n/a
Annual Rent: 0
Unit SqFt: 0
Furnished: Unfurnished
Unit Remarks: n/a
Unit 5 Details
Unit ID: n/a
Annual Rent: 0
Unit SqFt: 0
Furnished: Unfurnished
Unit Remarks: n/a
Unit 6 Details
Unit ID: n/a
Annual Rent: 0
Unit SqFt: 0
Furnished: Unfurnished
Unit Remarks: n/a
Unit 7 Details
Unit ID: n/a
Annual Rent: 0
Unit SqFt: 0
Furnished: Unfurnished
Unit Remarks: n/a
Unit 8 Details
Unit ID: n/a
Annual Rent: 0
Unit SqFt: 0
Furnished: Unfurnished
Unit Remarks: n/a
Water Source
Public: 1
Showing Requirements
Appointment Only: 1
Call Listing Agent: 1
Combination Lock Box: 1
Listing Agent Must Accompany: 1
Ceiling Type
Drywall: 1
Location
City: 1
Showing Considerations
No Exterior Lighting: 1
Sale Includes
Building & Land: 1
Location Tax and Legal
Street Number: 2160-2180
Street Name: Agora
Street Suffix: Circle
Street Direction Suffix: SE
County: Brevard
State: FL
Postal Code: 32909
MLS Area Major: 343 - SE Palm Bay
Subdivision Name: Port Malabar Unit 40
Status Change Information
Major Change Timestamp: 2026-10-20T14:44:52Z
Major Change Type: New Listing
Status Change Timestamp: 2026-10-20
Property Features
Ceiling Type: Drywall
Construction Materials: Block
Cooling: Central Air
Current Use: Multi-Family
Flooring: Vinyl
Heating: Central
Listing Terms: Cash; Other
Lot Features: Cul-De-Sac; Few Trees
Parking Features: Parking Lot
Possession: Close Of Escrow
Roof: Shingle
Sale Includes: Building & Land
Sewer: Public Sewer
Showing Considerations: No Exterior Lighting
Showing Requirements: Appointment Only; Call Listing Agent; Combination Lock Box; Listing Agent Must Accompany
Water Source: Public
Listing Office: Southern Tropics R.E. LLC
Last Updated: October - 20 - 2026
Information is deemed to be reliable, but is not guaranteed.