Indian Harbour Beach Commercial
For Sale
$1,495,000
201 Mediterranean Way, Indian Harbour Beach, FL 32937
MULTI_FAMILY - Indian Harbour Beach, FL
Property SizeContact for details
Lot Size1.31 Acres
Days on Market169
Property Features for 201 Mediterranean Way
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Zoning description
Commercial
Directions
This site is located in Indian Harbour Beach on the north side of Eau Gallie Blvd and is behind the Tropical Smoothie and the Cazadores restaurant.
Subdivision
382-Satellite Bch/Indian Harbour Bch
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
Legal Description
PART OF S 1/2 OF NW 1/4 OF NW 1/4 AS DESC IN ORB 5639 PG 1560
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 · License #601973
(321) 266-9200
Added: Feb 26
Changed: May 14
Last Checked: Aug 14 at 6:06AM
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
Current Use
Location Intelligence
Trade Area within ½ mile
843
Businesses Nearby
Explore this area
Business Placement
Demographics for 32937, FL
27,306
Population
13,619
Households
2
Avg Household Size
50
Median Age
53%
College-Educated
99%
High-School Grad
6.8 sq mi
ZIP Area
4,016
Density / Sq Mi
$98,411
Median Household Income
$55,420
Median Earnings
$1,718
Median Rent
$421,300
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
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.
