HOMES BY DARCI
Southern Key Realty
1568 Water Drive NE, Palm Bay FL 32905
Price Reduction
Address
1568 Water Drive Ne, Palm Bay, FL
Price
$ 3,000,000
Property Attributes
- MLS#1072015
- TypeLand
- Listing Status Active
- CountyBrevard
- CityPalm Bay
- AreaNE Palm Bay
- NeighborhoodPalm Bay Map Number 1
- Zip32905
- StyleUnimproved Land
- Taxes$ 2818
- Price$ 3,000,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size2.46 Acres
Data Source:
Space Coast AOR
Property Description
Prime commercial development site (BMU) zoned land in one of Palm Bay's fastest-growing corridors. The City of Palm Bay has expressed strong interest in seeing this site activated, with support for multifamily, retail, mixed-use, hospitality, or service-oriented development (buyer to verify). Large, development-ready parcels like this are scarce in PB, that allows for flexible commercial and residential uses. As population growth and infrastructure investment continue to expand across Brevard County, demand for new housing, retail, medical, and lifestyle-oriented projects is accelerating. Opportunities to control nearly 2.5 acres in a strategic location are becoming extremely limited. This site presents developers and investors the ability to create a high-impact project like multifamily apartments, mixed-use residential and retail, hotel, medical or professional office, townhomes, or a destination retail center designed to serve the rapidly expanding surrounding communities.
| Elementary School | Middle School | High School |
|---|---|---|
| Palm Bay Elem Elementary School | Stone Middle School | Palm Bay High School |
| Price History | |
|---|---|
| 3/16/2026 | Listed $4,000,000 |
| 6/8/2026 | 25$3,000,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Utilities | Water Available |
| Possession | Close Of Escrow |
| Property Subtype | Unimproved Land |
| Tax Year | 2025 |
| Current Use | Mixed Use |
| County | Brevard |
| Property Type | Land |
| Subdivision Name | Palm Bay Map Number 1 |
| Status | Active |
| Directions | Just North of Palm Bay Rd and US1 on Water Dr. |
| High School | Palm Bay |
| City | Palm Bay |
| MLS Area | 340 - NE Palm Bay |
| Lot Size Units | Acres |
| Lot Size Square Feet | 107158 |
| Elementary School | Palm Bay Elem |
| Tax Annual Amount | 2818.43 |
| Middle/Junior High School | Stone |
| MLS Area Minor | 340 - NE Palm Bay |
| Standard Status | Active |
| Legal Description | PALM BAY MAP NUMBER 1 LOTS 5,6 & VAC E 10 FT OF OAK ST ON W BLK 5 |
Exterior Features
| Lot Features | Other |
|---|---|
| Water Source | Public |
| Lot Size Area | 2.46 |
| Lot Size Acres | 2.46 |
| Road Frontage Type | Highway |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Land Average in 32905
Price
Taxes
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Copyright
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating
