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$43,400

1059 Lava Street

Palm Bay, FL 32909

Listing updated: June 23, 2026 at 10:51 AM ET

Active

Listing courtesy of Dalton Wade Inc · Edson Nunes · MLS #O6395657 · Active · 888-668-8283

Baths

0.26

Acres

◆$4/sqft◆360° tour

Land

Property type

11,326 sqft

Lot size

Price / sq ft

No HOA

HOA dues

Days on market

Flood zone

About this home

LOCATION LOCATION LOCATION!! Discover the perfect opportunity to build your dream home on this 0.26-acre vacant lot in Palm Bay, Florida, within the thriving Port Malabar community. The lot is currently uncleared and has NO HOA, allowing you to design your home and landscaping to your exact specifications! Palm Bay offers plenty of recreational opportunities, including nearby beaches, parks, and nature preserves. Located just 30 minutes from pristine beaches and less than two hours from Walt Disney World, this community combines convenience and tranquility. Enjoy peaceful surroundings and scenic landscapes in an up-and-coming neighborhood with new homes springing up. Conveniently situated near dining, shopping, golf courses, schools, the I-95, and Melbourne Orlando International Airport (MLB), this lot offers endless possibilities with no HOA restrictions.

Local Insight

At $4 per square foot on a cleared 0.26-acre lot in Port Malabar Unit 22 with no flood risk, you're looking at raw land in an established GDC-grid neighborhood—the kind of foundational Palm Bay development that's held character and infrastructure—but you'll need to verify what's actually buildable here (setbacks, utilities already stubbed in, permitting timeline) since the value hinges entirely on development feasibility rather than resale potential. The real question is whether this sits in a phase where you can realistically build a $220K–$300K entry-tier home or if it's zoned/platted for something more niche; at this price point, it's a speculative play or a tear-up situation, not a standard residential purchase.

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

Estimated monthly payment

Principal & interest$219

Property taxes$48

Home insurance (est.)$20

Down payment

20%

$8,680 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 history83 days on market

Status: Active
Apr 1, 2026
Listed$45,000
Apr 1, 2026
Price reduced$43,400

Facts & features

Property type: Land
Status: Active
Days on market: 83
Subdivision: Port Malabar Unit 22
County: Brevard
Price/sq ft: $4
Lot size: 11,326 sq ft
Lot category: 1/4 to less than 1/2
Flood zone: X
Annual taxes: $579 (2025)
Parcel #: 29 3729-GS-887-16
Zoning: RS2
MLS #: O6395657

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HOA & Financial

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

Exterior & Construction

Road surface: Paved

Utilities

Sewer: Septic Needed
Water source: Well Required
Utilities: Electrical Nearby

Listing Details

Listing date: 2026-04-01
On market date: 2026-04-01
Original list price: $45,000
MLS area: 32909 - Palm Bay/Melbourne
Listing AOR: Suncoast Tampa
Status changed: 2026-04-01
Tax legal description: PORT MALABAR UNIT 22 LOT 16 BLK 887

Flood risk

Minimal riskFEMA Zone X

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

See google drive

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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 23, 2026 at 10:51 AM 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