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124 Coral Way Way

Indialantic, FL 32903
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Bed 0

Bed

Bath 0

Bath

Acres0.57

Acre(Lot)

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.

Detail Ic Property Details

Property Type : Residential Income

Price : $1,500,000

AD Id : 65916642

MLS Id : 1051378

Lot Size : 0.57 Acre

Year Built : --

County : Brevard

Subdivision: Eden Estates

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Feature Features

  • Water/Sewer

    Sewer: Public Sewer
  • Heating & Cooling

    Heating: None Cooling: Other WaterSource: Public

  • Building Information

    Construction Materials: Other
  • Road Types

    City Street

  • Lot Information

    Lot Description: Cleared Lot Size Area: 0.57 Acres Lot Square Feet: 24,829

    Property Information

    Property Type: Residential Income Sub Type: Multi Family Subdivision: Eden Estates MLS Area Minor: 383 - N Indialantic Source Neighborhood: Eden Estates Construction Materials: Other

  • Listing Price Information

    Listing Id: 1051378 ist Price: $1,500,000 Original List Price: $1,800,000 Listing Terms Cash, Conventional, Other
  • Listing Information

    Possession: Close Of Escrow

  • Tax Information

    Parcel Number: 27-37-13-78-00002.0-0008.00 Annual Tax: $3,017 Tax Year: 2024

  • School Information

    Elementary School: Indialantic
    Elementary School District:
    Junior High School: Hoover
    Senior High School: Melbourne
  • Utility Information

    Electricity Available, Water Available
  • Location Information

    Direction: A1A South of Eau Gallie Causeway to Coral Way. West on Coral Way
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
122 1st Avenue, Indialantic, FL, 32903 $799,000 4 2 1,854 1,854 SqFt
209-215 S Riverside Drive, Indialantic, FL, 32903 $659,000 5 3 1,751 1,751 SqFt

ByOwner last updated this listing 07/01/2026 @ 17:19

MLS: 1051378 LISTED BY: Scott Loveridge, Relentless Real Estate Co. 321-302-0763 SOURCE: Space Coast MLS (Space Coast Association of REALTORS®)

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