1581 1591 Lakewood Dr NE Palm Bay, FL 32905
Port Malabar NeighborhoodEstimated payment $1,846/month
Total Views
38,354
0.83
Acre
$385,542
Price per Acre
36,155
Sq Ft Lot
About This Lot
For Sale: 16-Unit Approved Multifamily Site Plan Approved - Prime Palm Bay Location - Only $20,000 Per Approved Unit!Unbeatable Value | Premium Location | Multiple Exit StrategiesOffered at just $320,000 ($20,000 per approved unit), this is the best-priced, ready-to-build multifamily opportunity in Palm Bay's most dynamic growth corridor.- Site Plan Approved for 16 Units: - 8 spacious 3-bedroom, 2-bath units -8 well-designed 2-bedroom, 2-bath units- Each unit features in-unit washer and dryer hookups for maximum tenant appeal- All Utilities at the Curb:- Separate electric and water meters for each unit, allowing for easy individual billing, reduced operating costs, and flexibility for future condo sales or rental management.-Shovel-Ready: - Cleared lot, all city approvals in place, and utilities available—start building immediately and save months of permitting delays.
Property Details
Property Type
- Land
Est. Annual Taxes
- $1,688
Lot Details
- 0.83 Acre Lot
- Corner Lot
- Building or Site Plan Approved
Home Design
- Proposed Property
Schools
- University Park Elementary School
- Stone Middle School
- Palm Bay High School
Utilities
- Cable TV Available
Community Details
- Palm Bay Homes Subd Subdivision
Listing and Financial Details
- Assessor Parcel Number 28-37-22-01-00005.0-0005.00
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/05/2025 06/05/25 | For Sale | $320,000 | -- | -- |
Source: Space Coast MLS (Space Coast Association of REALTORS®)
About the Listing Agent
Mariam's Other Listings
Source: Space Coast MLS (Space Coast Association of REALTORS®)
MLS Number: 1048129
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