Indian Harbour Beach Commercial
201 Mediterranean Way Indian Harbour Beach, FL 32937
For Sale
$1,495,000
MULTI_FAMILY - Indian Harbour Beach, FL
Lot Size1.31 Acres
Days on Market149
Property Features for 201 Mediterranean Way
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Property condition
- Under Construction
- Standard status
- Active
- APN
- 27-37-13-00-00275.0-0000.00
- Lot size
- 1.31 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Description
- PART OF S 1/2 OF NW 1/4 OF NW 1/4 AS DESC IN ORB 5639 PG 1560
- Tax Annual Amount
- 6274
Utilities
- Utilities
- Water Available
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 2026
- Number of units
- 1
Listing Agency:
SouthTrend Realty
(321) 752-1199
Listed By:
Adam Rathbun
(321) 266-9200
Added: Feb 26
Changed: May 14
Last Checked: Jul 25 at 8:06AM
MLS# 1070432
Copyright © 2026 Space Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property is a 1.31-acre parcel located in Indian Harbour Beach, Florida. It is currently zoned B-1 (General Commercial), which allows for retail, restaurant, professional office, religious facilities, and other commercial uses. The property has a Conditional Land Use approval for an assisted living facility. A previous owner planned a three-story, 96-bed assisted living facility on the site, but that design would require city approval. The City has indicated a willingness to rezone the property to R-2 (Residential), which would permit development at a density of seven dwelling units per acre. At this density, the site would support approximately nine units, with the potential to accommodate up to ten townhome lots, subject to final site design and municipal approvals, as illustrated in the attached conceptual site plan. Mediterranean Way is currently developed with townhomes as part of the Fortebello community, providing strong compatibility with a potential residential redevelopment and supporting the feasibility of the proposed rezoning.
Key Highlights
- 1.31‑acre parcel zoned B‑1 (General Commercial) with permitted uses including retail, restaurant, and office.
- Conditional Land Use approval for an assisted living facility.
- Potential for rezoning to R‑2 (Residential) allowing approximately nine dwelling units.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Commercial land
FAQs
What type of property is this?
Commercial land - 1.31-acre commercial parcel in Indian Harbour Beach, Florida.
Where is this commercial land located?
The property is located at 201 Mediterranean Way Indian Harbour Beach, FL.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: 1.31‑acre parcel zoned B‑1 (General Commercial) with permitted uses including retail, restaurant, and office.; Conditional Land Use approval for an assisted living facility.; Potential for rezoning to R‑2 (Residential) allowing approximately nine dwelling units.
