124 Coral Way WAY E Active Save Request In-Person Tour Request Virtual Tour
Indialantic,FL 32903
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision Eden Estates
MLS Listing ID 1051378
HOA Y/N No
Annual Tax Amount $3,017
Tax Year 2024
Lot Size 0.570 Acres
Acres 0.57
Property Sub-Type Multi Family
Source Space Coast MLS (Space Coast Association of REALTORS®)
Property 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.
Location
State FL
County Brevard
Area 383 - N Indialantic
Direction A1A South of Eau Gallie Causeway to Coral Way. West on Coral Way
Interior
Heating None
Cooling Other
Exterior
Exterior Feature ExteriorFeatures
Utilities Available Electricity Available,Water Available
Present Use Unimproved
Road Frontage City Street
Garage No
Building
Lot Description Cleared
Sewer Public Sewer
Water Public
New Construction No
Schools
Elementary Schools Indialantic
High Schools Melbourne
Others
Senior Community No
Tax ID 27-37-13-78-00002.0-0008.00
Acceptable Financing Cash,Conventional,Other
Listing Terms Cash,Conventional,Other
Special Listing Condition Corporate Owned