328 Malabar Road SE, Palm Bay, FL 32907
$1,575,000
Property Type:
Land
Lot Size (sq. ft.):
74,923
Status:
Active
Current Price:
$1,575,000
List Date:
11/27/2024
Last Modified:
12/22/2025
Listing Details MLS# 1010989
General Property Information
- Road Frontage Feet
- 260
- Number Of Lots
- 7
- Lot Size Acres
- 1.72
- Lot Dimensions Source
- Public Records
- Association YN
- No
- Water Body Access YN
- No
- Waterfront YN
- No
- Land Lease YN
- No
- Senior Community YN
- No
- CDD Fee YN
- No
- List Price/Acre
- 915697.67
Property Features
Current Use:
Residential; Single Family
Fencing:
Back Yard
Listing Terms:
Cash
Lot Features:
Cleared; Wooded
Possession:
Close Of Escrow
Road Frontage Type:
City Street
Road Surface Type:
Asphalt; Paved
Sewer:
Septic Tank
Showing Requirements:
Call Listing Agent
Special Listing Conditions:
Standard
Utilities:
Cable Connected; Electricity Connected; Sewer Available; Water Connected
Water Source:
Public
Contract Information
- Original List Price
- 1575000
- Listing Contract Date
- 2023-10-23
- Property Sub Type
- Unimproved Land
- Comp Sale YN
- No
Location Tax and Legal
- Street Number
- 328
- Street Name
- Malabar
- Street Suffix
- Road
- Street Direction Suffix
- SE
- County
- Brevard
- State
- FL
- Postal Code
- 32907
- MLS Area Major
- 343 - SE Palm Bay
- Subdivision Name
- Port Malabar Unit 10
Remarks and Miscellaneous
- Public Remarks
- a remarkable commercial real estate opportunity in the thriving city of Palm Bay, This exceptional property comprises five smaller parcels, totaling approximately 1.75 acres, with the exciting potential to add two additional parcels, for another 0.23 acres, if required, for a grand total of approximately 2 acres. Strategically positioned along one of Palm Bay's bustling thoroughfares, this property enjoys high visibility, with an impressive daily traffic count of approximately 23,000. Currently, the property features three existing houses, on a month-to-month leases providing an immediate income stream while you prepare for redevelopment. Located in proximity to prominent retailers and benefiting from a signalized intersection, this property is ideally suited for a diverse range of uses.
Status Change Information
- Major Change Timestamp
- 2024-11-27T20:05:53Z
- Major Change Type
- Status Change
- Status Change Timestamp
- 2024-11-27
More Information
Closing Company Details
- Closing Company Name
- Peninsula Title Services- Nancy Domonousky
- Closing Company Address
- 4888 Babcock St. NE Palm Bay, FL. 32905- 321-726-6414
Location, Tax, and Legal
- Tax Account
- 2925145
- Parcel Number
- 29-37-06-Gk-00361.0-0015, 14, 10, 9, 8, 7, 6, .00
- General County Location
- South
- Elementary School
- Turner
- Middle School
- Southwest
- High School
- Heritage
- Tax Annual Amount
- 11947.78
- Tax Year
- 2023
- Tax Legal Description
- PORT MALABAR UNIT 10 LOT 6, 7, 8, 9, 10, 14,15 BLK 361 EXC ORB 3635 PG 3312
- Zoning Description
- Commercial/Residential/Office
- Directions
- exit 173 head west on the SW corner of Eldron and Malabar
Currently Not Used
- Pool Private YN
- No
Current Use
- Residential
- Yes
- Single Family
- Yes
Fencing
- Back Yard
- Yes
Listing Terms
- Cash
- Yes
Lot Features
- Cleared
- Yes
- Wooded
- Yes
Possession
- Close Of Escrow
- Yes
Road Frontage Type
- City Street
- Yes
Road Surface Type
- Asphalt
- Yes
- Paved
- Yes
Sewer
- Septic Tank
- Yes
Special Listing Conditions
- Standard
- Yes
Utilities
- Cable Connected
- Yes
- Electricity Connected
- Yes
- Sewer Available
- Yes
- Water Connected
- Yes
Water Source
- Public
- Yes
Showing Requirements
- Call Listing Agent
- Yes
Listing Office:
M. David Moallem, Inc
Last Updated: December - 22 - 2025
Information is deemed to be reliable, but is not guaranteed.