124 Coral Way Way E, Indialantic, FL 32903

$1,500,000
Property Type: Residential Income Lot Size (sq. ft.): 24,829 Status: Active
Current Price: $1,500,000 List Date: 1/11/2026 Last Modified: 5/12/2026

Overview

Description

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.

Listing Details MLS# 1051378

General Property Information

New Construction YN
No
Garage YN
No
Carport YN
No
Lot Size Acres
0.57
Lot Size Square Feet
24829
Association YN
No
Water Body Access YN
No
Bathrooms Half
0

Property Features

Construction Materials: Other Cooling: Other Current Use: Unimproved Heating: None Listing Terms: Cash; Conventional; Other Lot Features: Cleared Possession: Close Of Escrow Road Frontage Type: City Street Sewer: Public Sewer Special Listing Conditions: Corporate Owned Utilities: Electricity Available; Water Available Water Source: Public Showing Requirements: Call Listing Agent

Contract Information

Original List Price
1800000
Listing Contract Date
2025-07-10
Property Sub Type
Multi Family

Location Tax and Legal

Street Number
124
Street Name
Coral Way
Street Suffix
Way
Street Direction Suffix
E
County
Brevard
State
FL
Postal Code
32903
MLS Area Major
383 - N Indialantic
Subdivision Name
Eden Estates

Remarks and Miscellaneous

Public Remarks
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.

Status Change Information

Major Change Timestamp
2026-01-11T18:27:56Z
Major Change Type
Status Change
Price Change Timestamp
2025-08-12T15:38:16Z
Status Change Timestamp
2026-01-11

More Information

DPR Eligible

DPR Eligible
No

Location, Tax, and Legal

Tax Account
2716292
Parcel Number
27-37-13-78-00002.0-0008.00
General County Location
South
Elementary School
Indialantic
Middle School
Hoover
High School
Melbourne
Tax Annual Amount
3017.25
Tax Year
2024
Directions
A1A South of Eau Gallie Causeway to Coral Way. West on Coral Way

Construction Materials

Other
Yes

Cooling

Other
Yes

Current Use

Unimproved
Yes

Heating

None
Yes

Listing Terms

Cash
Yes
Conventional
Yes
Other
Yes

Lot Features

Cleared
Yes

Possession

Close Of Escrow
Yes

Road Frontage Type

City Street
Yes

Sewer

Public Sewer
Yes

Special Listing Conditions

Corporate Owned
Yes

Utilities

Electricity Available
Yes
Water Available
Yes

Water Source

Public
Yes

Showing Requirements

Call Listing Agent
Yes

Documents

Listing Office: Relentless Real Estate Co.
Last Updated: May - 12 - 2026
Information is deemed to be reliable, but is not guaranteed.
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