124 Coral Way E Indialantic, FL 32903
Estimated payment $10,211/month
About This Lot
Rare Beachside Development Lot - STR Zoning + Approved Permits
Shovel-ready and short-term rental approved! This cleared 100' x 250' (.57-acre) lot is fully permitted for an 8-unit townhome project—two buildings with four units each. Each planned unit is over 2,250 sq ft, featuring 3 beds + loft, 2.5 baths, and a 2-car garage.
Located just blocks from the beach in one of Indialantic's only STR-approved zones, this parcel is ideal for investors or builders looking for a turnkey development play. Plans, permits, and renderings included—build now or hold for future upside.
Property Details
Property Type
- Land
Est. Annual Taxes
- $3,017
Lot Details
- 0.57 Acre Lot
- Cleared Lot
- Building or Site Plan Approved
- Zoning described as Multi Family
Schools
- Indialantic Elementary School
- Hoover Middle School
- Melbourne High School
Community Details
- Eden Estates Subdivision
Listing and Financial Details
- Assessor Parcel Number 27-37-13-78-00002.0-0008.00
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2023 | $3,017 | $245,000 | $245,000 | $0 |
| 2022 | $2,757 | $235,000 | $0 | $0 |
| 2021 | $2,728 | $210,000 | $210,000 | $0 |
| 2020 | $3,993 | $264,780 | $205,000 | $59,780 |
| 2019 | $2,005 | $154,830 | $0 | $0 |
| 2018 | $2,006 | $151,950 | $0 | $0 |
| 2017 | $2,020 | $148,830 | $0 | $0 |
| 2016 | $2,048 | $145,770 | $125,000 | $20,770 |
| 2015 | $2,097 | $144,760 | $125,000 | $19,760 |
| 2014 | $2,109 | $143,620 | $110,000 | $33,620 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/10/2025 07/10/25 | For Sale | $1,800,000 | +293.0% | -- |
| 05/05/2023 05/05/23 | Sold | $458,000 | -8.4% | $363 / Sq Ft |
| 03/25/2023 03/25/23 | Pending | -- | -- | -- |
| 10/27/2022 10/27/22 | For Sale | $500,000 | +117.4% | $396 / Sq Ft |
| 12/04/2020 12/04/20 | Sold | $230,000 | -8.0% | $182 / Sq Ft |
| 09/03/2020 09/03/20 | Pending | -- | -- | -- |
| 07/28/2020 07/28/20 | For Sale | $250,000 | +8.7% | $198 / Sq Ft |
| 07/26/2020 07/26/20 | Off Market | $230,000 | -- | -- |
| 05/18/2020 05/18/20 | Price Changed | $250,000 | -15.3% | $198 / Sq Ft |
| 01/27/2020 01/27/20 | For Sale | $295,000 | -- | $234 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $850,000 | State Title | |
| Warranty Deed | $458,000 | None Listed On Document | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Personal Reps Deed | $230,000 | None Available | |
| Warranty Deed | $205,000 | Prestige Title Of Brevard Ll |
Source: Space Coast MLS (Space Coast Association of REALTORS®)
MLS Number: 1051402
APN: 27-37-13-78-00002.0-0008.00
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