$45,000
Palm Bay, FL 32905
MLS# 731485
Status: Closed
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Property Description
BUILD IT AND THEY WILL COME! FANTASTIC INVESTMENT OPPORTUNITY near the distinguished Florida Institute of Technology (FIT). The school has expanded, and student housing is in high demand! This site is zoned for up to 16 studio apartments. The location is not only perfectly situated near FIT, but close to shopping, restaurants, public transportation, the beaches, and major roads like I-95 and US1. Seller will accept owner financing w/a minimum of $20k down payment.
Details
Maps
Location, Tax, and Legal
Tax Account: 2831669
Parcel Number: 28-37-22-00-00250.1-0000.00
General County Location: South
Elementary School: Riviera
Middle School: Stone
High School: Palm Bay
Tax Annual Amount: 906.64
Tax Year: 2014
Tax Legal Description: PART OF LOT 28 OF PB 1 PG 164 AS DESC IN ORB 2607 PG 1585 EXC 2742 PG 1006 & 2840 PG 245
Directions: From Babcock and Palm Bay Rd., go east on Palm Bay Rd., then North on Pinewood. Sign on property.
General Property Information
Number Of Lots: 1
Lot Size Acres: 1
Lot Dimensions Source: Public Records
Lot Size Square Feet: 43560
Association YN: No
Water Body Access YN: No
Waterfront YN: No
Senior Community YN: No
List Price/Acre: 50000
Sold Price/Acre: 45000
Currently Not Used
Pool Private YN: No
Remarks and Miscellaneous
Public Remarks: BUILD IT AND THEY WILL COME! FANTASTIC INVESTMENT OPPORTUNITY near the distinguished Florida Institute of Technology (FIT). The school has expanded, and student housing is in high demand! This site is zoned for up to 16 studio apartments. The location is not only perfectly situated near FIT, but close to shopping, restaurants, public transportation, the beaches, and major roads like I-95 and US1. Seller will accept owner financing w/a minimum of $20k down payment.
Current Use
Multi-Family: 1
Residential: 1
Listing Terms
Cash: 1
Conventional: 1
Private Financing Available: 1
Lot Features
Many Trees: 1
Wooded: 1
Possession
Close Of Escrow: 1
Road Surface Type
Paved: 1
Special Listing Conditions
Standard: 1
Utilities
Cable Available: 1
Electricity Connected: 1
Sewer Available: 1
Water Source
Public: 1
Contingency Reason
Other: 1
Historical Information
Public Historical Remarks 3: Frontage Description: City Road, Number of Lots: 1.00
Contract Information
Current Price: $45,000
Original List Price: 59900
Sold Price: $45,000
Status: Closed
Listing Contract Date: 2015-07-31
Property Sub Type: Unimproved Land
Location Tax and Legal
Street Number: 5901
Street Direction Prefix: NE
Street Name: Pinewood
Street Suffix: Drive
County: Brevard
State: FL
Postal Code: 32905
MLS Area Major: 340 - NE Palm Bay
Subdivision Name: None
Status Change Information
Major Change Timestamp: 2023-11-11T04:20:08Z
Major Change Type: Price Reduced
Price Change Timestamp: 2016-01-12T00:11:26Z
Status Change Timestamp: 2016-10-28
Contingency: Active Under Contract
Purchase Contract Date: 2016-10-03
Close Date: 2016-10-25
Close Price: 45000
Property Features
Current Use: Multi-Family; Residential
Listing Terms: Cash; Conventional; Private Financing Available
Lot Features: Many Trees; Wooded
Possession: Close Of Escrow
Road Surface Type: Paved
Special Listing Conditions: Standard
Utilities: Cable Available; Electricity Connected; Sewer Available
Water Source: Public
Contingency Reason: Other
Listing Office: Dale Sorensen Real Estate Inc.
Last Updated: June - 25 - 2026
Information is deemed to be reliable, but is not guaranteed.