124 Coral Way E Indialantic, FL 32903
Estimated payment $8,118/month
Total Views
10,446
--
Bed
--
Bath
--
Sq Ft
--
Price per Sq Ft
Highlights
- 0.57 Acre Lot
- No HOA
- No Heating
- Indialantic Elementary School Rated A-
- Cooling Available
About This Home
Rare Indialantic Investment Opportunity!
Fully permitted and shovel-ready 8-unit townhome project on a cleared .57-acre beachside lot zoned for short-term rentals (Airbnb/VRBO)—a true rarity in Indialantic! Plans approved for two buildings with four 3BR+Loft, 2.5BA, 2-car garage units each, totaling 8 income-producing townhomes. Each unit is over 2,250 sq ft with modern, coastal-inspired design and 10' ceilings. Walk to the beach, shops, and restaurants.
Use your own builder or ours and break ground immediately. Pro forma rental income and comps available. Whether you build-to-rent or build-to-sell, this is the cash-flowing beachside project your portfolio needs.
Permits + plans included. Zoned STR. Ready to build.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,017
Lot Details
- 0.57 Acre Lot
- Cleared Lot
Home Design
Schools
- Indialantic Elementary School
- Hoover Middle School
- Melbourne High School
Utilities
- Cooling Available
- No Heating
Community Details
- No Home Owners Association
- Eden Estates Subdivision
- The community has rules related to allowing corporate owners
Listing and Financial Details
- Assessor Parcel Number 27-37-13-78-00002.0-0008.00
Map
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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 |
|---|---|---|---|---|
| 2025 | $4,219 | $350,000 | -- | -- |
| 2024 | $3,017 | $350,000 | -- | -- |
| 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 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/12/2025 08/12/25 | Price Changed | $1,500,000 | -16.7% | -- | |
| 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 | View Prior Sale |
| 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 | View Prior Sale |
| 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 |
Source: Space Coast MLS (Space Coast Association of REALTORS®)
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: Public Records
About the Listing Agent
Scott, a native of the Brevard area, is deeply rooted in the community, hailing from a family with a rich legacy in the development of Melbourne dating back to the 1950s. With a lineage entrenched in local entrepreneurship, Scott's upbringing was surrounded with the spirit of innovation and progress.
On one side of his family tree stands his grandfather, Mr. Loveridge, a visionary who spearheaded numerous residential subdivisions and commercial projects throughout the area, including
Scott's Other Listings
Source: Space Coast MLS (Space Coast Association of REALTORS®)
MLS Number: 1051378
APN: 27-37-13-78-00002.0-0008.00
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