$25,000
Palm Bay, FL 32908
MLS# 1068505
Status: Active Under Contract
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Property Description
This residential lot is located in Port Malabar Unit 49, a quiet area of southwest Palm Bay made up of established single‑family homes and new construction. The property sits on an oversized .32 acre lot with no HOA and no deed‑restricted community requirements. The area offers straightforward access to Malabar Road, I‑95, and the growing commercial corridor nearby. It's a practical option for a future home site or long‑term hold in a steadily developing part of the city. Flood zone X.
Details
Maps
Location, Tax, and Legal
Tax Account: 2919019
Parcel Number: 29-36-35-Ks-02545.0-0004.00
General County Location: South
Elementary School: Westside
Middle School: Southwest
High School: Bayside
Tax Annual Amount: 248.69
Tax Year: 2025
Tax Legal Description: PORT MALABAR UNIT 49 LOT 4 BLK 2545
Zoning Description: Residential
Directions: From I‑95, take Exit 173 for Malabar Road (SR‑514). Turn west onto Malabar Road and continue for about 3.7 miles. Turn left onto Garvey Road and continue for about 1.2 miles. Turn right onto Jupiter Boulevard SW and go 0.3 miles. Turn left onto Garfield Avenue SW and continue 0.2 miles. Turn right onto Akola Terrace SW. The destination, 740 Akola Terrace SW, will be on the left.
General Property Information
Lot Size Acres: 0.32
Lot Size Square Feet: 13939
Association YN: No
CDD Fee YN: No
List Price/Acre: 78125
Remarks and Miscellaneous
Public Remarks: This residential lot is located in Port Malabar Unit 49, a quiet area of southwest Palm Bay made up of established single‑family homes and new construction. The property sits on an oversized .32 acre lot with no HOA and no deed‑restricted community requirements.
The area offers straightforward access to Malabar Road, I‑95, and the growing commercial corridor nearby. It's a practical option for a future home site or long‑term hold in a steadily developing part of the city. Flood zone X.
Closing Company Details
Closing Company Name: Bella Title and Escrow
Closing Company Address: 6450 N Wickham Rd, Suite 106, Melbourne, FL 32940
Current Use
Residential: 1
Legal Details
Plat Book #: 22
Plat Book Page: 140
Listing Terms
Cash: 1
Conventional: 1
Lot Features
Wooded: 1
Possession
Close Of Escrow: 1
Road Frontage Type
City Street: 1
Road Surface Type
Dirt: 1
Sewer
Unknown: 1
Special Listing Conditions
Probate Listing: 1
Utilities
Other: 1
Water Source
Other: 1
Development Status
Raw Land: 1
Showing Requirements
Other: 1
Contingency Reason
Waiting for Signatures: 1
Contract Information
Current Price: $25,000
Original List Price: 25000
List Price: $25,000
Status: Active Under Contract
Listing Contract Date: 2026-02-06
Property Sub Type: Unimproved Land
Location Tax and Legal
Street Number: 740
Street Name: Akola
Street Suffix: Terrace
Street Direction Suffix: SW
County: Brevard
State: FL
Postal Code: 32908
MLS Area Major: 345 - SW Palm Bay
Subdivision Name: Port Malabar Unit 49
Status Change Information
Major Change Timestamp: 2026-02-09T18:26:47Z
Major Change Type: Status Change
Status Change Timestamp: 2026-02-09
Contingency: Active Under Contract
Property Features
Current Use: Residential
Development Status: Raw Land
Listing Terms: Cash; Conventional
Lot Features: Wooded
Possession: Close Of Escrow
Road Frontage Type: City Street
Road Surface Type: Dirt
Sewer: Unknown
Showing Requirements: Other
Special Listing Conditions: Probate Listing
Utilities: Other
Water Source: Other
Contingency Reason: Waiting for Signatures
Listing Office: Watson Realty Corp
Last Updated: May - 08 - 2026
Information is deemed to be reliable, but is not guaranteed.