ActiveUnimproved Land
1853 Wabun Street NE Sfr, Palm Bay, FL 32905
Palm Bay, FL 32905 · MLS #1081416The residence
About this property
1853 Wabun St NE: 1.77 acres, direct Indian River Lagoon frontage, Palm Bay. Approved site plan in hand for 35 multifamily units -- 10 one-bed, 20 two-bed, 5 three-bed, averaging 1,149 SF, every unit facing water. Utilities are in. Entitlement risk is gone. A buyer breaks ground instead of fighting a two-year approval process. Plan includes 65 parking spaces, 4 EV chargers, a resort-style pool, mailroom/parcel lockers, and outdoor grilling areas. Palm Bay has land everywhere. It does not have entitled waterfront. Luxury rents run $1,500-$2,200. Waterfront units push $2,400-$3,000+. This site is the scarce side of that spread, already approved.
At a glance
Property details
- Property type
- Unimproved Land
- Listing type
- For sale
- Status
- Active
- Living area
- 1,184 sq. ft.
- Year built
- 1950
- Lot size
- 77,101.2 sq. ft.
- Subdivision
- Hiawatha Gardens Sec 2
- County
- Brevard
- Original list price
- $1,495,000
- Listing date
- July 1, 2026
- MLS record updated
- July 3, 2026
- Annual property tax
- $5,821 (2025)
- Listing agent
- Cassandra Hartford
- Listing office
- Reach Commercial Real Estate
- MLS number
- 1081416
Neighborhood & location
Explore Hiawatha Gardens Sec 2
Review nearby homes, local services, commute routes, schools, flood information, and community rules as part of your due diligence. Neighborhood information can change and should be verified with the appropriate local authority.
Schools
School information
- School district
- Brevard Public Schools
Plan your purchase
Mortgage calculator
- Principal & interest
- $7,560
- Property taxes
- $485
- Homeowners insurance
- $748
- Estimated total
- $8,792
Estimate only. Taxes, insurance, association fees, PMI, interest rate, and lender terms vary. Confirm the actual payment and closing costs with a licensed mortgage professional. Review Florida mortgage and pre-approval guidance.
Continue your search
Similar properties nearby
Listing courtesy of Reach Commercial Real Estate, 321-300-4773.
Data provided by Space Coast MLS. Information is deemed reliable but is not guaranteed accurate by the MLS and should be independently verified. Property availability, price, and details are subject to change without notice.