124 Coral Way Way E, Indialantic, FL 32903

$1,500,000

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List Price
$1,500,000
Price Change
▼ $300,000 1755031474
MLS#
1051402
Status
ACTIVE
Type
Land
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 Beachside Development Lot - STR Zoning + Approved Permits Shovel-ready and short-term rental approved! This cleared 100' x 250' (.57-acre) lot is fully permitted for an 8-unit townhome project—two buildings with four units each. Each planned unit is over 2,250 sq ft, featuring 3 beds + loft, 2.5 baths, and a 2-car garage. Located just blocks from the beach in one of Indialantic's only STR-approved zones, this parcel is ideal for investors or builders looking for a turnkey development play. Plans, permits, and renderings included—build now or hold for future upside.

Additional Information

Tax Year
2024
Tax Amount
$3,017
Location Description
Cleared
Utilities
Electricity Available, Water Available
Elementary School
Indialantic
Middle School
Hoover
High School
Melbourne

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Relentless Real Estate Co..