124 Coral Way Way
Indialantic, FL 32903
0
Bed
0
Bath
0.57Acre(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.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Water/Sewer
Sewer: Public Sewer -
Heating & Cooling
Heating: None Cooling: Other WaterSource: Public
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Building Information
Construction Materials: Other -
Road Types
City Street
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Lot Information
Lot Description: Cleared Lot Size Area: 0.57 Acres Lot Square Feet: 24,829Property 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
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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
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Tax Information
Parcel Number: 27-37-13-78-00002.0-0008.00 Annual Tax: $3,017 Tax Year: 2024
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School Information
Elementary School: IndialanticElementary School District:Junior High School: HooverSenior 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
How much is this property worth?
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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 |
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Nearby For Sale
ByOwner last updated this listing 07/01/2026 @ 17:19
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