At $43K for a 0.23-acre lot in Port Malabar Unit 20, you're getting raw land in an established GDC-grid neighborhood with mature oak canopy and stable character, which is decent value—but verify utilities are actually available and what development costs would run before committing, since vacant land in older Palm Bay subdivisions can sit for years without clear path to construction. The lack of HOA is a plus for flexibility, though you'll want to confirm zoning and any deed restrictions that might limit what you can actually build here, especially at this price point where the catch often reveals itself in the fine print.

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