201 Mediterranean Way Indian Harbour Beach FL 32937

Address
201 Mediterranean Way, Indian Harbour Beach, FL
Price
$ 1,495,000
Property Attributes
  • MLS#1070430
  • TypeLand
  • Listing Status Active
  • CountyBrevard
  • CityIndian Harbour Beach
  • AreaSatellite Bch-Indian Harbour Bch
  • Zip32937
  • StyleUnimproved Land
  • Taxes$ 6273
  • Price$ 1,495,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size1.31 Acres
Data Source:
Space Coast AOR
Property Description

The subject property consists of a 1.31-acre parcel located in the City of Indian Harbour Beach and is currently zoned B-1 (General Commercial). Permitted uses under this zoning designation include retail, restaurant, professional office, religious facilities, and other commercial uses. In addition, the property has been granted a Conditional Land Use approval allowing for the development of an assisted living facility. The previous property owner planned a three-story, 96-bed assisted living facility on the site, but that design would require official city approval. The City has also indicated a willingness to rezone the property to R-2 (Residential), which would permit development at a density of seven (7) dwelling units per acre. At this density, the 1.31-acre site would support approximately nine (9) units, with the potential to accommodate up to ten (10) townhome lots, subject to final site design and municipal approvals, as illustrated in the attached conceptual site plan. Mediterranean Way is currently developed with townhomes as part of the Fortebello community, providing strong compatibility with a potential residential redevelopment and supporting the feasibility of the proposed rezoning.

Elementary School Middle School High School
Ocean Breeze Elementary School Hoover Middle School Satellite High School
Price History
2/26/2026 Listed $1,495,000

General Features

Sewer Public Sewer
Utilities Sewer Available,Water Available
Possession Close Of Escrow
Property Subtype Unimproved Land
Tax Year 2023
Current Use Unimproved
County Brevard
Property Type Land
Subdivision Name None
Status Active
Directions This site is located in Indian Harbour Beach on the north side of Eau Gallie Blvd and is behind the Tropical Smoothie and the Cazadores restaurant.
High School Satellite
City Indian Harbour Beach
Zoning Description Commercial
MLS Area 382-Satellite Bch/Indian Harbour Bch
Lot Size Units Acres
Lot Size Square Feet 57064
Elementary School Ocean Breeze
Tax Annual Amount 6273.58
Middle/Junior High School Hoover
MLS Area Minor 382-Satellite Bch/Indian Harbour Bch
Standard Status Active
Legal Description PART OF S 1/2 OF NW 1/4 OF NW 1/4 AS DESC IN ORB 5639 PG 1560

Exterior Features

Lot Features Other
Water Source Public
Lot Size Area 1.31
Lot Size Acres 1.31

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Land Average in 32937

Price
AVG $1.05M
$1.5M
Taxes
AVG $5,365
$6,273

Areas We Cover