$525,000
SOLD MAR 21, 2025

116 Coral Way E Indialantic, FL 32903

-- Bed
-- Bath
1,058 Sq Ft
0.57 Acres

Recently Sold

$496 Per Sq Ft

19% Below List Price

335 Days on Market

About This Home

As of March 2025

Rare opportunity to create your own masterpiece on this .57 acre home site, just a short stroll to the nearby beach access and seconds from all of the conveniences along the Eau Gallie Blvd commercial corridor. Would be an amazing location for a larger, estate home, but is also zoned multi family for up to 5 townhomes/condos and also carries the coveted resort zoning which would allow for short term rentals. Neighboring .57 acre property also for sale, creating a superior development opportunity to combine the 2 and do a more substantive project there! There was a previous home on the property, so should be able to avoid any impact fees and the property is cleared and ready to go !

Last Agent to Sell the Property

Dave Settgast

One Sotheby's International License #3165226 Listed on: 03/08/2024

One Sotheby's International

Last Buyer's Agent

Joseph Di Prima

Joseph DiPrima, Broker License #388756

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,017

Lot Details

  • 0.57 Acre Lot
  • Lot Dimensions are 251 x 100
  • Cleared Lot
  • Zoning described as Multi Family

Home Design

  • Asphalt

Schools

  • Indialantic Elementary School
  • Hoover Middle School
  • Melbourne High School

Utilities

  • Cable TV Available

Community Details

  • No Home Owners Association
  • Eden Estates Subdivision

Listing and Financial Details

  • Assessor Parcel Number 27-37-13-78-00002.0-0006.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,017

Lot Details

0

Listing Details

  • Property Type: Land
  • Reso Property Sub Type: Unimproved Land
  • ResoLotFeatures: Cleared
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Eden Estates
  • Location Tax and Legal Parcel Number2: 27-37-13-78-00002.0-0006.00
  • Location Tax and Legal Elementary School: Indialantic
  • Location Tax and Legal Middle School2: Hoover
  • Location Tax and Legal High School: Melbourne
  • Location Tax and Legal Tax Annual Amount: 3017.25
  • Location Tax and Legal Tax Year2: 2023
  • General Property Information Lot Size Acres: 0.57
  • General Property Information Lot Size Square Feet2: 24829.0
  • General Property Information Waterfront YN: No
  • Road Surface Type Asphalt: Yes
  • Sewer:Public Sewer: Yes
  • Utilities Cable Available: Yes
  • Water Source Public: Yes
  • Utilities Water Available: Yes
  • Utilities Sewer Available: Yes
  • General Property Information Lot Size Dimensions: 251 x 100
  • Utilities Electricity Available: Yes
  • General Property Information Number Of Lots2: 1.0
  • General Property Information Land Lease YN2: No
  • Location Tax and Legal Zoning Description2: Multi Family
  • General Property Information CDD Fee YN: No
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Exterior Features

  • Acres: 0.57
  • Waterfront: No
  • Lot Features:Cleared: Yes

Utilities

  • Utilities: Cable Available, Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Middle Or Junior School: Hoover

Lot Info

  • Number Of Lots: 1
  • Current Use: Multi-Family, Residential, Single Family
  • Land Lease: No
  • Lot Dimensions: 251 x 100
  • Lot Size Sq Ft: 24829.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 27-37-13-78-00002.0-0006.00
  • Zoning Description: Multi Family
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 3017.25

MLS Schools

  • Elementary School: Indialantic
  • High School: Melbourne

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 8, 2024
Closed on
Mar 19, 2025
Sold by
Sk Coastal Llc
Bought by
Diprima Construction Corporation
Seller's Agent
Dave Settgast
One Sotheby's International
Buyer's Agent
Joseph Di Prima
Joseph DiPrima, Broker
List Price
$649,000
Sold Price
$525,000
Premium/Discount to List
-$124,000
-19.11%
Views
30
Current Estimated Value
$522,382

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,618
Avg. Annual Appreciation
-0.92%

Purchase Details

Closed on
Apr 27, 2020
Sold by
Bradley Kenneth E and Bradley Sandra Kay
Bought by
Sk Coastal Llc

Purchase Details

Listed on
Oct 10, 2017
Closed on
Dec 7, 2017
Sold by
Fami Mcclelland Charles
Bought by
Kay Bradley Kenneth E and Kay Bradley Sandra
Seller's Agent
Vickie Thomas
SouthStar Realty Assoc. Inc.
Buyer's Agent
Michael Derrick
Derrick Real Estate Group, Inc
List Price
$285,000
Sold Price
$285,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.05%

Purchase Details

Closed on
Jan 23, 2008
Sold by
Adams Harry P
Bought by
Adams Harry P and Harry P Adams Family Trust

Purchase Details

Closed on
Apr 20, 2007
Sold by
Mcclelland Virginia Booth
Bought by
Fami Mcclelland Virginia Booth and Virginia Booth Mcclelland Family Trust
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $525,000 State Title Partners
Warranty Deed $525,000 State Title Partners
Warranty Deed -- Attorney
Warranty Deed $285,000 Waterview Title Services Llc
Interfamily Deed Transfer -- Attorney
Interfamily Deed Transfer -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/21/2025 03/21/25 Sold $525,000 -12.4% $496 / Sq Ft
02/07/2025 02/07/25 Pending -- -- --
04/27/2024 04/27/24 Price Changed $599,000 -7.7% $566 / Sq Ft
03/08/2024 03/08/24 For Sale $649,000 +127.7% $613 / Sq Ft
12/23/2023 12/23/23 Off Market $285,000 -- --
12/07/2017 12/07/17 Sold $285,000 0.0% $269 / Sq Ft View Prior Sale
10/16/2017 10/16/17 Pending -- -- --
10/10/2017 10/10/17 For Sale $285,000 -- $269 / Sq Ft
Source: Space Coast MLS (Space Coast Association of REALTORS®)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,758 $350,000 -- --
2024 $3,017 $350,000 -- --
2023 $3,017 $245,000 $245,000 $0
2022 $2,782 $235,000 $0 $0
2021 $2,922 $225,000 $225,000 $0
2020 $2,857 $225,000 $225,000 $0
2019 $2,655 $200,000 $200,000 $0
2018 $3,170 $211,970 $200,000 $11,970
2017 $3,141 $195,500 $150,000 $45,500
2016 $1,194 $125,000 $125,000 $0
2015 $874 $125,000 $125,000 $0
2014 $931 $125,000 $125,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Space Coast MLS (Space Coast Association of REALTORS®)

MLS Number: 1007269

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 27-37-13-78-00002.0-0006.00