$53,000
00 Novak Street
Palm Bay, FL 32908
Property type
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
NOW IS THE TIME TO BUY VACANT LAND. LOTS ARE GOING UP IN VALUE. BUY WHILE ITS STILL AFFORDABLE. LOT IS LOCATED IN PORT MALABAR AREA. GREAT AREA TO BUILD YOUR HOME. OWNER FINANCING AVAILABLE.
Local Insight
At $5 per square foot for a 0.32-acre lot in Port Malabar with no flood risk, this is genuinely cheap land—but you need to understand what you're actually buying: raw dirt with no utilities mentioned, no immediate development certainty, and the reality that Palm Bay's affordable land inventory tends to sit for years because the real demand is for homes, not vacant parcels. The Port Malabar subdivision location puts you inland away from the waterfront premium zones, which is why the price is accessible, but also means resale will depend entirely on what gets built here and whether the broader west Palm Bay corridor attracts the density investors are betting on through 2026. If you're speculating on future appreciation or assembling land for development, this could work; if you're hoping for a quick turnover or expecting immediate buildability, dig into zoning, utility extension costs, and the actual development pipeline before committing.
AI-generated insight based on listing data and neighborhood context. Verify independently.
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history716 days on market
- Status: ActiveMar 14, 2024
- Listed$48,000Mar 13, 2024
- Price increased$53,000
Facts & features
- Property type
- Land
- Status
- Active
- Days on market
- 716
- Subdivision
- Port Malabar
- County
- Brevard
- Price/sq ft
- $5
- Lot size
- 10,019 sq ft
- Lot category
- 1/4 to less than 1/2
- Flood zone
- x
- Annual taxes
- $216 (2023)
- Parcel #
- 29-36-23-KS-2607-1
- Zoning
- SINGLE FAMILY RESIDENTIAL
- MLS #
- OM674682
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Interior Details
- Direction faces
- North
HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
- Listing terms
- Cash, Conventional, Owner Financing, Private Financing Available
- Ownership
- Fee Simple
Exterior & Construction
- Road surface
- Other
Utilities
- Sewer
- None
- Water source
- None
- Utilities
- Electrical Nearby
Listing Details
- Listing date
- 2024-03-13
- On market date
- 2024-03-13
- Original list price
- $48,000
- MLS area
- 32908 - Palm Bay/Melbourne
- Listing AOR
- Ocala - Marion
- Status changed
- 2024-03-14
- Tax legal description
- PORT MALABAR UNIT 49 LOT 1 BLK 2607
Flood risk
Minimal-risk area outside the mapped floodplain. Flood insurance is optional and typically low-cost.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
Directions
THIS LOT IS OVERSIZED AND ON THE SE CORNER OF ALWAR AVE SW AND NOVAK ST SW
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Listings courtesy of Stellar MLS as distributed by MLS GRID
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information submitted to the MLS GRID as of February 27, 2026 at 3:44 PM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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