Palm Bay Multifamily Development
For Sale
$720,000
1460 Par Street NE, Palm Bay, FL 32907
LAND - Palm Bay, FL
Property SizeContact for details
Lot Size1.97 Acres
Days on Market702
Property Features for 1460 Par Street NE
General Information
Property type
Land
Property subtype
Other
Zoning description
Multi Family
Lot features
Cleared, Irregular Lot
Elementary school
Riviera
Middle school
Stone
High school
Palm Bay
Directions
From Babcock St NE, Turn West on Port Malabar Blvd, then right on Par St. Property is on the right.
Subdivision
340 - NE Palm Bay
Standard status
Active
APN
28-37-28-00-00757.1-0000.00
Lot size
1.97 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
PT OF LOT 13 OF PB 1 PG 164 & PT OF LOTS 4 & 5 BLK 11 OF PB 21 PG 134 AS DESC IN ORB 3163 PG 1362 PAR 757.2
Tax Annual Amount
3035
Legal Description
PT OF LOT 13 OF PB 1 PG 164 & PT OF LOTS 4 & 5 BLK 11 OF PB 21 PG 134 AS DESC IN ORB 3163 PG 1362 PAR 757.2
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Water source
Public
Listing Agency:
We Say Sold Inc
(321) 265-9901
Listed By:
Sue Borrelli · License #3308750
(321) 265-9901
Added: Sep 20, 2024
Changed: May 14
Last Checked: Aug 22 at 5:06AM
MLS# 1025381
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.
This 1.97-acre lot is located in Palm Bay, situated between Port Malabar Blvd and Par St NE. Zoned RM 15, the property allows for multifamily development with a potential of up to 25 units. The surrounding area features townhouses on one side and condos on the other, making it a suitable location for multifamily construction. The lot benefits from existing city water and city sewer connections, along with road and utility infrastructure. It is located in a quiet neighborhood within the Port Malabar Country Club area.
Key Highlights
- 1.97 acre lot zoned RM 15 Multi‑family allowing up to 25 units.
- Located in a quiet neighborhood in the Port Malabar Country Club area.
- Ideal multifamily location, situated between townhouses and condos.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
448
Businesses Nearby
Explore this area
Business Placement
Demographics for 32907, FL
44,432
Population
17,761
Households
2.5
Avg Household Size
44
Median Age
22%
College-Educated
91%
High-School Grad
17.7 sq mi
ZIP Area
2,510
Density / Sq Mi
$71,827
Median Household Income
$36,498
Median Earnings
$1,693
Median Rent
$253,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential land & home lot - 1.97 acre multifamily lot zoned for up to 25 units.
Where is this residential land & home lot located?
The property is located at 1460 Par Street NE Palm Bay, FL.
What is the asking price?
The asking price for this property is $720,000.
What are key features of this property?
This property features: 1.97 acre lot zoned RM 15 Multi‑family allowing up to 25 units.; Located in a quiet neighborhood in the Port Malabar Country Club area.; Ideal multifamily location, situated between townhouses and condos.
