Approved Multifamily Waterfront
Sfr-1853 Wabun St Ne Palm Bay, FL 32905
For Sale
$1,495,000
1.77-acre parcel with direct Indian River Lagoon frontage and an approved site plan for 35 water-facing multifamily units.
Property Size1,184 SF
Price / SF$1,262
Days on Market23
Property Features for Sfr-1853 Wabun St Ne
General Information
- Standard status
- Active
- Size
- 1,184 SF
Listing Agency:
Reach Commercial Real Estate
(321) 300-4773
Listed By:
Cassandra Hartford · License #3296024
(321) 300-4773
Source:
Exprealty
Added: Jul 1
Changed: Jul 22
Last Checked: Jul 22 at 10:28AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Reach Commercial Real Estate
Investment Insights
Based on property information with market context.
A 1.77-acre waterfront land parcel with direct Indian River Lagoon frontage, presented with an approved site plan in hand for a 35-unit multifamily development. The plan calls for 10 one-bedroom, 20 two-bedroom, and 5 three-bedroom units, averaging 1,149 SF, with every unit facing the water. Utilities are already in, and the listing notes that entitlement risk is gone.
The proposed site plan includes 65 parking spaces, 4 EV chargers, a resort-style pool, a mailroom/parcel lockers, and outdoor grilling areas. This is a Palm Bay waterfront site offered for buyers ready to move from approvals to ground-breaking with the infrastructure already in place.
The proposed site plan includes 65 parking spaces, 4 EV chargers, a resort-style pool, a mailroom/parcel lockers, and outdoor grilling areas. This is a Palm Bay waterfront site offered for buyers ready to move from approvals to ground-breaking with the infrastructure already in place.
Key Highlights
- 1.77‑acre parcel with direct Indian River Lagoon frontage in Palm Bay
- Approved site plan for 35 multifamily units: 10 one‑bed, 20 two‑bed, 5 three‑bed
- Every unit faces the water; plan notes average unit size of 1,149 SF
Property Analytics
Location Intelligence
Current Use by Public Records
Waterfront Land
FAQs
What type of property is this?
Waterfront Land - 1.77-acre parcel with direct Indian River Lagoon frontage and an approved site plan for 35 water-facing multifamily units.
Where is this waterfront land located?
The property is located at Sfr-1853 Wabun St Ne Palm Bay, 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: 1.77‑acre parcel with direct Indian River Lagoon frontage in Palm Bay; Approved site plan for 35 multifamily units: 10 one‑bed, 20 two‑bed, 5 three‑bed; Every unit faces the water; plan notes average unit size of 1,149 SF
