124 Coral Way Way E, Indialantic, FL 32903
- $1,500,000
- List Price
- $1,500,000
- Price Change
- ▼ $300,000 1755031474
- MLS#
- 1051378
- Status
- ACTIVE
- Type
- Multifamily
- County
- Brevard
- City
- Indialantic
- Area
- N Indialantic
- Subdivision
- Eden Estates
- Total Square Feet
- 24,829
- Acres
- 0.57
- Days on Market
- 384
Property Description
Rare Indialantic Investment Opportunity! Fully permitted and shovel-ready 8-unit townhome project on a cleared .57-acre beachside lot zoned for short-term rentals (Airbnb/VRBO)—a true rarity in Indialantic! Plans approved for two buildings with four 3BR+Loft, 2.5BA, 2-car garage units each, totaling 8 income-producing townhomes. Each unit is over 2,250 sq ft with modern, coastal-inspired design and 10' ceilings. Walk to the beach, shops, and restaurants. Use your own builder or ours and break ground immediately. Pro forma rental income and comps available. Whether you build-to-rent or build-to-sell, this is the cash-flowing beachside project your portfolio needs. Permits + plans included. Zoned STR. Ready to build.
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Additional Information
- Tax Year
- 2024
- Tax Amount
- $3,017
- Location Description
- Cleared
- Utilities
- Electricity Available, Water Available
- Exterior Finish
- Other
- Construction
- Other
- Elementary School
- Indialantic
- Middle School
- Hoover
- High School
- Melbourne
Mortgage Calculator
Listing courtesy of Relentless Real Estate Co..