At $24,000 for 1.24 acres of unimproved land in Canaveral Groves, you're looking at a speculative play rather than an immediate development opportunity—the low price reflects the lack of utilities, access issues, or zoning constraints that typically make raw land buildable, so you'd need to do serious due diligence on what infrastructure costs and permitting timelines would actually look like. Given Cocoa's solid fundamentals as an affordable alternative to Cocoa Beach with real revitalization momentum in the village, land here *could* appreciate if development follows, but this particular parcel's value hinges entirely on whether it's positioned for residential, commercial, or mixed-use growth—something the listing doesn't clarify.

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