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$39,000

297 Frazer Street

Palm Bay, FL 32908

Listing updated: June 14, 2026 at 1:33 PM ET

Active

Listing courtesy of Brokers Real Estate Group Inc · Isabelle Ventura · MLS #O6389927 · Active · 407-770-1464

Baths

0.23

Acres

◆$4/sqft

Land

Property type

10,000 sqft

Lot size

Price / sq ft

No HOA

HOA dues

Days on market

X500

Flood zone

About this home

Great opportunity to build on this 0.23-acre vacant lot in Palm Bay

Local Insight

At $4 per square foot for raw land in an established GDC-planned neighborhood with no flood risk, this is genuinely cheap dirt—the question is whether it's cheap for a reason or a legitimate opportunity. Port Malabar Unit 30 is one of the older inland sections, so you're looking at mature infrastructure and neighborhood stability, but you'll need to verify what actually constrains this lot (size, access, utilities, zoning restrictions) before assuming you can build anything valuable enough to justify the holding costs. The no-HOA status is a plus, but at this price point, do your due diligence on why similar lots in the area command more—it often points to practical buildability issues rather than hidden upside.

AI-generated insight based on listing data and neighborhood context. Verify independently.

Estimated monthly payment

Principal & interest$197

Property taxes$40

Home insurance (est.)$18

Down payment

20%

$7,800 downRate

6.5%

Term

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 history92 days on market

Status: Active
Jun 14, 2026
Listed$42,000
Mar 12, 2026
Price reduced$39,000

Facts & features

Property type: Land
Status: Active
Days on market: 92
Subdivision: Port Malabar Unit 30
County: Brevard
Price/sq ft: $4
Lot size: 10,000 sq ft
Lot category: 0 to less than 1/4
Flood zone: X500
Annual taxes: $483 (2025)
Parcel #: 29-36-25-KJ-1374-22
Zoning: SRE
MLS #: O6389927

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HOA & Financial

Total monthly fees: $0/mo
Total annual fees: $0
Listing terms: Cash
Ownership: Fee Simple

Exterior & Construction

Road surface: Asphalt

Utilities

Sewer: None
Water source: None
Utilities: Other

Listing Details

Listing date: 2026-03-12
On market date: 2026-03-12
Original list price: $42,000
MLS area: 32908 - Palm Bay/Melbourne
Listing AOR: Orlando Regional
Status changed: 2026-06-14
Tax legal description: PORT MALABAR UNIT 30 LOT 22 BLK 1374

Flood risk

Moderate riskFEMA Zone X500

Moderate-risk area (0.2% annual-chance / “500-year” floodplain). Flood insurance is recommended but usually not required.

Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.

Location

Directions

On I-95S turn right on Malabar Rd, turn left on Jupiter Blvd SE, turn left on Emerson Dr SE, turn right on Bayside Lakes Blvd SE, turn left on Degroodt Rd SW and turn right on Frazer St Sw.

Property sale history

Public records

297 FRAZER ST SW, PALM BAY 32908

Jun 2025$40,000

0.2300 acres

Sale data from Florida public records (Department of Revenue / county property appraiser). Deemed reliable but not guaranteed; may not reflect current market or MLS status. Not Stellar MLS data.

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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 June 14, 2026 at 1:33 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.

Ryan Solberg, Broker · MaxLife Realty LLC · FL License #BK3354351 · Equal Housing Opportunity · Full disclaimer · DMCA