124 Coral Way Way E, Indialantic, FL 32903
$1,500,000
Property Type:
Land
Lot Size (sq. ft.):
24,829
Status:
Active
Current Price:
$1,500,000
List Date:
1/11/2026
Last Modified:
4/23/2026
Overview
Description
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.
Listing Details MLS# 1051402
General Property Information
- Lot Size Acres
- 0.57
- Lot Size Square Feet
- 24829
- Water Body Access YN
- No
- CDD Fee YN
- No
- List Price/Acre
- 2631578.95
Property Features
Current Use:
Unimproved
Development Status:
Site Plan Approved
Listing Terms:
Cash; Conventional; Other
Lot Features:
Cleared
Possession:
Close Of Escrow
Sewer:
Public Sewer
Showing Requirements:
Call Listing Agent
Special Listing Conditions:
Standard
Utilities:
Electricity Available; Water Available
Water Source:
Public
Contract Information
- Original List Price
- 1800000
- Listing Contract Date
- 2025-07-10
- Property Sub Type
- Unimproved Land
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 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.
Status Change Information
- Major Change Timestamp
- 2026-01-11T18:28:35Z
- Major Change Type
- Status Change
- Price Change Timestamp
- 2025-08-12T15:39:47Z
- Status Change Timestamp
- 2026-01-11
More Information
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
- Zoning Description
- Multi Family
- Directions
- A1A South of Eau Gallie Causeway to Coral Way. West on Coral Way
Current Use
- Unimproved
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
- Other
- Yes
Lot Features
- Cleared
- Yes
Possession
- Close Of Escrow
- Yes
Sewer
- Public Sewer
- Yes
Special Listing Conditions
- Standard
- Yes
Utilities
- Electricity Available
- Yes
- Water Available
- Yes
Water Source
- Public
- Yes
Development Status
- Site Plan Approved
- Yes
Showing Requirements
- Call Listing Agent
- Yes
Coral Way Floor plan Right ›
Listing Office:
Relentless Real Estate Co.
Last Updated: April - 23 - 2026
Information is deemed to be reliable, but is not guaranteed.