$295,000
Palm Bay, FL 32909
MLS# 1078481
1 / 11
Property Description
Rare 1.87-acre RM-2 multifamily residential development opportunity in Palm Bay. Centrally located near Malabar Rd and San Filippo Dr SE with convenient access to shopping, dining, schools, and major roadways. Property is zoned multifamily residential and offers potential for residential development subject to buyer verification with the City of Palm Bay. Existing due diligence materials including surveys and environmental reports available upon request. Excellent opportunity for builders, investors, or multifamily developers.
Details
Maps
Documents
Location, Tax, and Legal
Tax Account: 2922934
Parcel Number: 29-37-03-26-01981.0-0011.00
General County Location: South
Elementary School: Port Malabar
Middle School: Stone
High School: Palm Bay
Tax Annual Amount: 3458.72
Tax Year: 2025
Tax Legal Description: PORT MALABAR UNIT 40 LOT 11 BLK 1981
Directions: From Malabar Road head south on San Filippo Dr SE, turn left on Agora Circle SE. Property is located near the corner of Agora Circle SE and San Filippo Dr SE in Palm Bay.
General Property Information
Lot Size Acres: 1.87
Lot Size Square Feet: 81457
CDD Fee YN: No
List Price/Acre: 157754.01
Remarks and Miscellaneous
Public Remarks: Rare 1.87-acre RM-2 multifamily residential development opportunity in Palm Bay. Centrally located near Malabar Rd and San Filippo Dr SE with convenient access to shopping, dining, schools, and major roadways. Property is zoned multifamily residential and offers potential for residential development subject to buyer verification with the City of Palm Bay. Existing due diligence materials including surveys and environmental reports available upon request. Excellent opportunity for builders, investors, or multifamily developers.
Current Use
Multi-Family: 1
Listing Terms
Cash: 1
Conventional: 1
Lot Features
Cul-De-Sac: 1
Possession
Close Of Escrow: 1
Sewer
Public Sewer: 1
Special Listing Conditions
Standard: 1
Utilities
Electricity Available: 1
Sewer Available: 1
Water Available: 1
Water Source
Public: 1
Showing Requirements
Other: 1
Contract Information
Current Price: $295,000
Original List Price: 295000
List Price: $295,000
Status: Active
Listing Contract Date: 2026-05-28
Property Sub Type: Unimproved Land
Location Tax and Legal
Street Number: 1998
Street Name: Agora
Street Suffix: Circle
Street Direction Suffix: SE
County: Brevard
State: FL
Postal Code: 32909
MLS Area Major: 342 - Malabar/Grant-Valkaria
Subdivision Name: Port Malabar Unit 40
Status Change Information
Major Change Timestamp: 2026-05-28T20:08:04Z
Major Change Type: New Listing
Status Change Timestamp: 2026-05-28
Property Features
Current Use: Multi-Family
Listing Terms: Cash; Conventional
Lot Features: Cul-De-Sac
Possession: Close Of Escrow
Sewer: Public Sewer
Showing Requirements: Other
Special Listing Conditions: Standard
Utilities: Electricity Available; Sewer Available; Water Available
Water Source: Public
Survey 
Listing Office: Douglas Elliman
Last Updated: June - 16 - 2026
Information is deemed to be reliable, but is not guaranteed.