SELLER WILL CONSIDER ALL OFFERS! Prime 0.23-acre CITY WATER lot available in highly sought-after Unit 31 of Palm Bay! Located in a desirable and growing area, this property offers a great opportunity for new construction, whether you're looking to build a personal residence or your next investment property. Conveniently located near shopping, dining, schools, and major roadways. Don't miss your chance to secure a well-located lot with city water available. Bring your plans and make an offer today!
Vacant landProperty Type
10,019 sq ftLot Size
$7Price/Sq.Ft.
Listed by Jacob Honadle• RE/MAX Elite
Listed by Freedom Realty Group Coley• RE/MAX Elite
The Compound, located between Malabar Road and Micco Road, is a semi-rural and undeveloped Palm Bay neighborhood with sandy trails and dense pine flatwoods. Its character concentrates along the Malabar Road corridor near the I-95 interchange, where traffic thins into wide shoulders, scrubby lots, and a distinctly edge-of-town feel. The landscape reads as Florida backcountry—palmetto, slash pine, and long straight rights-of-way—more than a traditional street grid. Homes, where present, tend toward newer builds on larger parcels with a private, set-back-from-the-road rhythm. Daily life centers on outdoor space and distance, with dark skies and quiet stretches between destinations.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Unimproved land zoned/reserved for single-family residential use
Exterior features
Wooded lot with many trees
City street frontage
Asphalt road access
Home design
Unimproved land (residential, single-family)
Construction
No structures (vacant land)
Utilities
Septic tank
Electricity available
Water available
Cable available
Other
Property located on Old Rd SW with driving directions available
Electricity and solar
View estimated energy costs and solar savings for this home
The provisions of this category are intended to apply to an area of medium density single-family residential development. Lot sizes, minimum living area standards, and other restrictions are intended to promote high quality residential development.
Permitted uses
Include but are not limited to:
Housing-Single unit
Infrastructure
Recreation
Park & open space
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
5/10 Fire Factor
5% chance of being in a wildfire in next 30 years
9/10 Heat Factor
7 days above 106° expected this year, 22 days in 30 years
10/10 Wind Factor
99% chance of strong winds in next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Palm Bay, FL • 32908
Average low and high temperatures (°F)
71
49
76
55
81
60
84
65
90
72
92
74
93
75
91
75
88
74
82
69
79
60
76
56
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
63/ 100
Moderate sunlight
Sunscore
This home receives average direct sun exposure in Palm Bay. There appears to be some shading by surrounding buildings, terrain, and vegetation.
8.1 hrs
4.7 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 481 Old Rd SW
$64,666
$4,334 under list price of $69K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $37K to $380K.