$42,000
1480 Traverse Street Se, Palm Bay, Fl 32909
Palm Bay, FL 32909
Listing updated: June 24, 2026 at 2:59 PM ET
Property type
Lot size
HOA dues
About this home
It's a 0.23 acre buildable residential lot available in Port Malabar Unit #18 of Palm Bay. Located in the southeast section, this lot is just 1.9 miles - 4 minutes to Columbia Elementary School, 2.9 miles - 7 minutes to the Publix Supermarket, 11.3 miles - 27 minutes to Melbourne Airport, and 16 miles - 28 minutes to the beaches of Indialantic. From exit #173 of I-95 go west on Malabar Road for .2 miles, left on San Filippo Drive for 3.8 miles, and right on Traverse Road. The lot will be on your left. Owner will only consider (a) a full price offer, and (b) a closing AFTER 01/02/2026 (this is for tax purposes).
Local Insight
At $42,000 for a quarter-acre unimproved lot in Port Malabar Unit 18, you're looking at raw land in an established GDC-platted neighborhood—the infrastructure is there, but you're entirely dependent on build costs and financing availability for vacant land, which most conventional lenders won't touch without a builder contract. The real question is whether this location (inland SE Palm Bay) justifies the development hassle when comparable entry-tier homes in the area are running $220K–$300K all-in; unless you have cash and a specific builder lined up, you could end up underwater before you break ground.
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 history
- Price increased$42,000
Facts & features
- Property type
- Land
- Sub type
- Unimproved Land
- Status
- Active
- Subdivision
- Port Malabar Unit 18
- County
- Brevard
- Lot size
- 10,019 sq ft
- MLS #
- 1061002
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Listing Details
- Original list price
- $42,000
Location
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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 24, 2026 at 2:59 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.
Brevard County listings courtesy of the Space Coast Association of REALTORS® (Space Coast MLS)
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. Data is deemed reliable but is not guaranteed accurate by the MLS.
© 2026Space Coast Association of REALTORS®. All information should be independently reviewed and verified for accuracy.
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