$550,000
Malabar, FL 32950
MLS# 976548
Status: Closed
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Property Description
Incredible opportunity to own 9.5+ acres on Malabar Rd. Current zoning is RR65 (single family with 1.5 acre lots). Malabar has indicated that they would allow rezoning to OI (Office Institutional). This property is just East of the Palm Bay hospital and OI allows for doctors offices. Currently there is a small 2/1 house being rented out but the value is in the land. The property is absolutely gorgeous with mature oaks and a small stream.
Details
Maps
Location, Tax, and Legal
Tax Account: 2846131
General County Location: South
Elementary School: Port Malabar
Middle School: Stone
High School: Palm Bay
Tax Legal Description: W 1/2 OF LOT 7 EX ST RD
Directions: Malabar Rd to 920
General Property Information
Lot Size Acres: 9.56
Association YN: No
Property Use: RR65 Single Family 1.5 acre lots --future use OI
Water Body Access YN: No
Senior Community YN: No
List Price/Acre: 62656.9
Sold Price/Acre: 57531.38
Currently Not Used
Pool Private YN: No
Remarks and Miscellaneous
Public Remarks: Incredible opportunity to own 9.5+ acres on Malabar Rd. Current zoning is RR65 (single family with 1.5 acre lots). Malabar has indicated that they would allow rezoning to OI (Office Institutional). This property is just East of the Palm Bay hospital and OI allows for doctors offices. Currently there is a small 2/1 house being rented out but the value is in the land. The property is absolutely gorgeous with mature oaks and a small stream.
Current Use
Commercial: 1
Listing Terms
Cash: 1
Conventional: 1
Special Listing Conditions
Standard: 1
Contract Information
Current Price: $550,000
Original List Price: 599000
Sold Price: $550,000
Status: Closed
Listing Contract Date: 2023-10-01
Property Sub Type: Unimproved Land
Location Tax and Legal
Street Number: 920
Street Name: Malabar
County: Brevard
State: FL
Postal Code: 32950
MLS Area Major: 342 - Malabar/Grant-Valkaria
Subdivision Name: None
Status Change Information
Major Change Timestamp: 2024-02-23T22:14:52Z
Major Change Type: Status Change
Status Change Timestamp: 2024-02-23
Purchase Contract Date: 2024-02-16
Close Date: 2024-02-23
Close Price: 550000
Property Features
Current Use: Commercial
Listing Terms: Cash; Conventional
Special Listing Conditions: Standard
Listing Office: Keller Williams Realty Brevard
Last Updated: June - 27 - 2026
Information is deemed to be reliable, but is not guaranteed.