124 Coral Way Way E, Indialantic, FL 32903

$1,500,000

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List Price
$1,500,000
Days on Market
399
Price Change
▼ $300,000 1755031474
MLS#
1051378
Lot Size
24,829
Acres
0.57
MLS Area Major
N Indialantic

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.

Additional Information

Utilities
Electricity Available, Water Available
Heating
None
Air Conditioning
Other
Exterior Construction
Other
Elementary School
Indialantic
Middle School
Hoover
High School
Melbourne

Listing courtesy of Relentless Real Estate Co..

Listing courtesy of Relentless Real Estate Co..

Courtesy of Relentless Real Estate Co..

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Calculator source: Real Geeks