Approved Multifamily Waterfront
For Sale
$1,495,000
Sfr-1853 Wabun St Ne, Palm Bay, FL 32905
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 Market69
Property Features for Sfr-1853 Wabun St Ne
General Information
Standard status
Active
Size
1,184 SF
Taxes and HOA fees
Annual Taxes
$5,820
Listing Agency:
Reach Commercial Real Estate
Listed By:
Cassandra Hartford · License #3296024
(321) 300-4773
Source:
Exprealty
Added: Jul 1
Changed: Sep 2
Last Checked: Sep 6 at 2:12PM
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
Current Use
Location Intelligence
Trade Area within ½ mile
292
Businesses Nearby
Explore this area
Business Placement
Demographics for 32905, FL
26,064
Population
12,635
Households
2.1
Avg Household Size
45
Median Age
27%
College-Educated
91%
High-School Grad
9.7 sq mi
ZIP Area
2,687
Density / Sq Mi
$56,671
Median Household Income
$31,688
Median Earnings
$1,361
Median Rent
$206,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
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
