$18,700
Palm Bay, FL 32908
MLS# 1037135
Status: Closed
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Property Description
INVESTMENT OPPORTUNITY!!! .46 acre investment property for sale in Port Malabar Unit #51 of Palm Bay. This property is located in the southeast section of an area locals call The Compound. The lot has road access but no utilities, so the lot is not buildable at this time. The City of Palm Bay is considering rezoning the area in the future, so now may be a great time to invest! The seller has no known knowledge of the property and makes no representations except for title.
Details
Maps
Location, Tax, and Legal
Tax Account: 2919954
Parcel Number: 29-36-35-Kt-02761.0-0004.00
General County Location: South
Elementary School: Westside
Middle School: Southwest
High School: Bayside
Tax Annual Amount: 152.3
Tax Year: 2024
Tax Legal Description: PORT MALABAR UNIT 51 LOTS 4 & 5 BLK 2761
Directions: Head S on Babcock St. Turn right on Colorado St. Turn left on San Filippo Dr. Turn left on St Andre Blvd. Turn left on Hempvine Ave. Property is on left.
General Property Information
Lot Size Acres: 0.46
Lot Size Square Feet: 20038
Water Body Access YN: No
Land Lease YN: No
Senior Community YN: No
CDD Fee YN: No
List Price/Acre: 43478.26
Sold Price/Acre: 40652.17
Currently Not Used
Pool Private YN: No
Remarks and Miscellaneous
Public Remarks: INVESTMENT OPPORTUNITY!!! .46 acre investment property for sale in Port Malabar Unit #51 of Palm Bay. This property is located in the southeast section of an area locals call The Compound. The lot has road access but no utilities, so the lot is not buildable at this time. The City of Palm Bay is considering rezoning the area in the future, so now may be a great time to invest! The seller has no known knowledge of the property and makes no representations except for title.
Closing Company Details
Closing Company Name: Lacey, Lyons, Rezanka - Lindsay Keyser LKEYSER@llr.law
Current Use
Residential: 1
Unimproved: 1
Other: 1
Listing Terms
Cash: 1
Conventional: 1
Lot Features
Other: 1
Possession
Close Of Escrow: 1
Road Frontage Type
City Street: 1
Road Surface Type
Asphalt: 1
Sewer
Unknown: 1
Special Listing Conditions
Standard: 1
Utilities
Sewer Not Available: 1
Water Source
Other: 1
Development Status
Raw Land: 1
Showing Requirements
No Sign: 1
Contract Information
Current Price: $18,700
Original List Price: 22500
Sold Price: $18,700
Status: Closed
Listing Contract Date: 2025-02-12
Property Sub Type: Unimproved Land
Location Tax and Legal
Street Number: 3119
Street Name: Hempvine
Street Suffix: Avenue
Street Direction Suffix: SW
County: Brevard
State: FL
Postal Code: 32908
MLS Area Major: 345 - SW Palm Bay
Subdivision Name: Port Malabar Unit 51
Status Change Information
Major Change Timestamp: 2025-07-08T20:59:31Z
Major Change Type: Status Change
Price Change Timestamp: 2025-03-31T17:13:13Z
Status Change Timestamp: 2025-07-08
Purchase Contract Date: 2025-05-28
Close Date: 2025-06-30
Close Price: 18700
Property Features
Current Use: Residential; Unimproved; Other
Development Status: Raw Land
Listing Terms: Cash; Conventional
Lot Features: Other
Possession: Close Of Escrow
Road Frontage Type: City Street
Road Surface Type: Asphalt
Sewer: Unknown
Showing Requirements: No Sign
Special Listing Conditions: Standard
Utilities: Sewer Not Available
Water Source: Other
Listing Office: Real Broker LLC
Last Updated: July - 23 - 2026
Information is deemed to be reliable, but is not guaranteed.