NOT LISTED FOR SALE

116 Coral Way E Indialantic, FL 32903

Estimated Value: $524,474 - $605,000

0.57 Acre
$990,767 Price per Acre
24,829 Sq Ft Lot

Sale Details

Date Sold: March 21, 2025

Last sale price $525,000 $496 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $3,346 / mo

335 Days on Market

About This Lot

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

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,017

Lot Details

  • 24,829 Sq Ft 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

Property Details

Property Type

Land

Est. Annual Taxes

$3,017

Lot Details

0.57 Acres

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
  • General Property Information CDD Fee YN: No
  • Marketing Remarks:Marketing Remarks: 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 ! Contact: Dave Settgast cell/text 321 543-1187 dave@davesettgast.com
  • General Property Information Water Body Access YN3: No
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands

Exterior Features

  • Acres: 0.57
  • Waterfront: No
  • General Property Information: Pool Private YN: No

Utilities

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

Condo/Co-op/Association

  • Association: 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
  • Development Status: See Remarks

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 3017.25

MLS Schools

  • Elementary School: Indialantic
  • High School: Melbourne

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 8, 2024
Closed on
Mar 19, 2025
Sold by
Bought by
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
$564,737

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$39,737
Avg. Annual Appreciation
6.01%

Purchase Details

Closed on
Apr 27, 2020
Sold by
Bought by

Purchase Details

Listed on
Oct 10, 2017
Closed on
Dec 7, 2017
Sold by
Bought by
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
8.34%

Purchase Details

Closed on
Jan 23, 2008
Sold by
Bought by

Purchase Details

Closed on
Apr 20, 2007
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$525,000 State Title Partners
$525,000 State Title Partners
-- Attorney
$285,000 Waterview Title Services Llc
-- Attorney
-- None Available
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 -- --
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

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