$550,000
Grant-Valkaria, FL 32949
MLS# 1066916
Status: Pending
3 beds | 2 baths
1 / 13
Property Description
72 hour Kickout Clause - Set on 1.72 acres with approximately 200 feet of direct frontage on the Indian River, this rare waterfront property offers an exceptional opportunity for both redevelopment and the creation of a private riverfront estate. The existing 3-bedroom, 2-bath concrete block home is best suited for redesign or rebuild, allowing the next owner to fully reimagine the site. Zoning allows for residential and commercial uses. A dock previously existed on the property, offering potential to restore private boating access with convenient waterway travel to Sebastian Inlet and the Atlantic Ocean (subject to permitting). With acreage, river frontage, and prime waterway location, the property could support a luxury residence, future redevelopment, or a long-term land-hold investment. Properties of this size and versatility along this stretch of Brevard are limited.
Details
Maps
Location, Tax, and Legal
Tax Account: 2955544
Parcel Number: 29-38-21-00-00261.0-0000.00
General County Location: South
Elementary School: Port Malabar
Middle School: Stone
High School: Palm Bay
Tax Annual Amount: 7693.42
Tax Year: 2023
Tax Legal Description: N 200 FT OF GOVT LOT 2 LYING BETWEEN RR R/W & US HWY NO 1
Directions: From Malabar head South on US-1, home is on the right.
General Property Information
Bathrooms Half: 0
Living Area: 2162
Living Area Source: Estimated
Lot Size Acres: 1.72
Lot Size Square Feet: 74923
Accessibility Features YN: No
Association YN: No
New Construction YN: No
Garage YN: No
Carport YN: No
Waterfront YN: Yes
Water Body Name: Indian River
Water Frontage Feet: 200
Land Lease YN: No
Senior Community YN: No
CDD Fee YN: No
Community Fee(s) YN: No
Water Body Access YN: Yes
Furnished: Negotiable
Stories: 1
Entry Level: 1
Direction Faces: East
Pool Private YN: No
List Price/SqFt: 254.39
Bedrooms Total: 3
Bathrooms Total: 2
Bathrooms Full: 2
Year Built: 1976
Remarks and Miscellaneous
Public Remarks: 72 hour Kickout Clause - Set on 1.72 acres with approximately 200 feet of direct frontage on the Indian River, this rare waterfront property offers an exceptional opportunity for both redevelopment and the creation of a private riverfront estate. The existing 3-bedroom, 2-bath concrete block home is best suited for redesign or rebuild, allowing the next owner to fully reimagine the site.
Zoning allows for residential and commercial uses. A dock previously existed on the property, offering potential to restore private boating access with convenient waterway travel to Sebastian Inlet and the Atlantic Ocean (subject to permitting).
With acreage, river frontage, and prime waterway location, the property could support a luxury residence, future redevelopment, or a long-term land-hold investment. Properties of this size and versatility along this stretch of Brevard are limited.
Appliances
Dryer: 1
Gas Oven: 1
Gas Range: 1
Gas Water Heater: 1
Microwave: 1
Refrigerator: 1
Washer: 1
Architectural Style
Ranch: 1
Closing Company Details
Closing Company Name: Prestige Title of Brevard - Tina Siau
Closing Company Address: 5120 N Highway US 1 Suite 103, Melbourne, FL 32940
Construction Materials
Block: 1
Concrete: 1
Frame: 1
Stucco: 1
Cooling
Central Air: 1
Electric: 1
Current Use
Single Family: 1
DPR Eligible
DPR Eligible: Yes
Flooring
Carpet: 1
Vinyl: 1
Heating
Central: 1
Electric: 1
Interior Features
Breakfast Bar: 1
Ceiling Fan(s): 1
Pantry: 1
Primary Bathroom - Shower No Tub: 1
Walk-In Closet(s): 1
Laundry Features
Electric Dryer Hookup: 1
In Unit: 1
Washer Hookup: 1
Legal Details
Permission Granted to Advertise: Yes
Levels
One: 1
Listing Terms
Cash: 1
Conventional: 1
Lot Features
Cleared: 1
Wooded: 1
Parking Features
Other: 1
Patio And Porch Features
Front Porch: 1
Pets Allowed
Yes: 1
Possession
Close Of Escrow: 1
Power Production Type
Ownership: Seller Owned
Water Body Access Type
Owned: 1
Road Frontage Type
Highway: 1
Road Surface Type
Asphalt: 1
Roof
Shingle: 1
Sewer
Septic Tank: 1
Special Listing Conditions
Standard: 1
Utilities
Cable Connected: 1
Electricity Connected: 1
Propane: 1
View
River: 1
Trees/Woods: 1
Water: 1
Water Source
Well: 1
Waterfront Features
Intracoastal: 1
Lagoon: 1
Navigable Water: 1
River Front: 1
Showing Requirements
Appointment Only: 1
Call Listing Agent: 1
Showing Considerations
Occupied: 1
Property Condition
Fixer: 1
Rental Restrictions
No Minimum: 1
Contract Information
Current Price: $550,000
Original List Price: 550000
List Price: $550,000
Status: Pending
Listing Contract Date: 2026-01-19
Property Sub Type: Single Family Residence
Location Tax and Legal
Street Number: 4300
Street Name: Highway 1
County: Brevard
State: FL
Postal Code: 32949
MLS Area Major: 342 - Malabar/Grant-Valkaria
Subdivision Name: None
Status Change Information
Major Change Timestamp: 2026-03-27T21:09:21Z
Major Change Type: Status Change
Status Change Timestamp: 2026-03-27
Purchase Contract Date: 2026-03-16
Property Features
Appliances: Dryer; Gas Oven; Gas Range; Gas Water Heater; Microwave; Refrigerator; Washer
Architectural Style: Ranch
Construction Materials: Block; Concrete; Frame; Stucco
Cooling: Central Air; Electric
Current Use: Single Family
Flooring: Carpet; Vinyl
Heating: Central; Electric
Interior Features: Breakfast Bar; Ceiling Fan(s); Pantry; Primary Bathroom - Shower No Tub; Walk-In Closet(s)
Laundry Features: Electric Dryer Hookup; In Unit; Washer Hookup
Levels: One
Listing Terms: Cash; Conventional
Lot Features: Cleared; Wooded
Parking Features: Other
Patio And Porch Features: Front Porch
Pets Allowed: Yes
Possession: Close Of Escrow
Water Body Access Type: Owned
Property Condition: Fixer
Rental Restrictions: No Minimum
Road Frontage Type: Highway
Road Surface Type: Asphalt
Roof: Shingle
Sewer: Septic Tank
Showing Requirements: Appointment Only; Call Listing Agent
Special Listing Conditions: Standard
Utilities: Cable Connected; Electricity Connected; Propane
View: River; Trees/Woods; Water
Water Source: Well
Waterfront Features: Intracoastal; Lagoon; Navigable Water; River Front
Showing Considerations: Occupied
Listing Office: Keller Williams Realty Brevard
Last Updated: March - 27 - 2026
Information is deemed to be reliable, but is not guaranteed.