1860 Highway 1, Malabar, FL 32950
$1,500,000
Property Type:
Land
Lot Size (sq. ft.):
458,687
Status:
Active
Current Price:
$1,500,000
List Date:
5/22/2026
Last Modified:
5/22/2026
Overview
Description
Listing Details MLS# 1078014
General Property Information
- Lot Size Acres
- 10.53
- Lot Size Square Feet
- 458687
- Water Body Access YN
- No
- Waterfront YN
- Yes
- Water Body Name
- Indian River
- CDD Fee YN
- No
- List Price/Acre
- 142450.14
Property Features
Current Use:
Commercial; Mixed Use; Multi-Family; Residential; Retail; Single Family; Unimproved
Development Status:
Raw Land
Listing Terms:
Cash; Conventional
Lot Features:
Many Trees
Possession:
Close Of Escrow
Road Frontage Type:
Highway
Road Surface Type:
Asphalt
Sewer:
Septic Tank; Unknown
Showing Requirements:
Call Listing Agent
Special Listing Conditions:
Standard
Utilities:
Electricity Available
View:
River
Water Source:
None
Waterfront Features:
River Front
Contract Information
- Original List Price
- 1500000
- Listing Contract Date
- 2026-05-22
- Property Sub Type
- Unimproved Land
Location Tax and Legal
- Street Number
- 1860
- Street Name
- Highway 1
- County
- Brevard
- State
- FL
- Postal Code
- 32950
- MLS Area Major
- 342 - Malabar/Grant-Valkaria
- Subdivision Name
- None
Remarks and Miscellaneous
- Public Remarks
- Positioned along high-visibility US-1, this 10+ acre parcel offers a rare combination of acreage, river frontage, and flexible R-LC zoning for residential and limited commercial opportunities. With approximately 400 feet of Indian River frontage plus US-1 frontage, the property presents strong potential for future development, income-producing use, or long-term land banking. Current zoning allows up to 6 residential units per acre, creating possibilities for a thoughtful residential or mixed-use concept. Whether you are looking to develop now or secure a strategic waterfront corridor investment for the future, this parcel offers location, scale, and upside that are increasingly hard to find.
Status Change Information
- Major Change Timestamp
- 2026-05-22T14:19:12Z
- Major Change Type
- New Listing
- Status Change Timestamp
- 2026-05-22
More Information
Closing Company Details
- Closing Company Name
- Supreme Title
- Closing Company Address
- 125 W New Haven Ave, Melbourne, FL 32901
Location, Tax, and Legal
- Tax Account
- 2953315
- Parcel Number
- 29-38-06-00-00003.0-0000.00
- General County Location
- South
- Elementary School
- Port Malabar
- Middle School
- Stone
- High School
- Palm Bay
- Tax Annual Amount
- 4957.21
- Tax Year
- 2023
- Tax Legal Description
- PART OF GOVT LOT 1 AS DESC IN ORB 3496 PG 4745 EXC ORB 7185 PG 1297 PAR 4
- Directions
- From Malabar, head south on US1.
Currently Not Used
- Pool Private YN
- No
Current Use
- Commercial
- Yes
- Mixed Use
- Yes
- Multi-Family
- Yes
- Residential
- Yes
- Retail
- Yes
- Single Family
- Yes
- Unimproved
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
Lot Features
- Many Trees
- Yes
Possession
- Close Of Escrow
- Yes
Road Frontage Type
- Highway
- Yes
Road Surface Type
- Asphalt
- Yes
Sewer
- Septic Tank
- Yes
- Unknown
- Yes
Special Listing Conditions
- Standard
- Yes
Utilities
- Electricity Available
- Yes
View
- River
- Yes
Water Source
- None
- Yes
Waterfront Features
- River Front
- Yes
Development Status
- Raw Land
- Yes
Showing Requirements
- Call Listing Agent
- Yes
Listing Office:
Dale Sorensen Real Estate Inc.
Last Updated: May - 22 - 2026
Information is deemed to be reliable, but is not guaranteed.