1568 Water Drive Ne, Palm Bay, Fl 32905, FL1568 Water Drive Ne, Palm Bay, Fl 32905, FL1568 Water Drive Ne, Palm Bay, Fl 32905, FL
Stellar MLS
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$4,000,000

1568 Water Drive Ne, Palm Bay, Fl 32905

Palm Bay, FL 32905

Listing updated: July 11, 2026 at 9:58 AM ET

Active
Listing courtesy of Relentless Real Estate Co. · Jennifer Brown · MLS #1072015 · Active · 321-302-0763
0
Baths
2.46
Acres
2.46 acres
Unimproved Land

Property type

107,158 sqft

Lot size

No HOA

HOA dues

About this home

Prime commercial development site (BMU) zoned land in one of Palm Bay's fastest-growing corridors. The City of Palm Bay has expressed strong interest in seeing this site activated, with support for multifamily, retail, mixed-use, hospitality, or service-oriented development (buyer to verify). Large, development-ready parcels like this are scarce in PB, that allows for flexible commercial and residential uses. As population growth and infrastructure investment continue to expand across Brevard County, demand for new housing, retail, medical, and lifestyle-oriented projects is accelerating. Opportunities to control nearly 2.5 acres in a strategic location are becoming extremely limited. This site presents developers and investors the ability to create a high-impact project like multifamily apartments, mixed-use residential and retail, hotel, medical or professional office, townhomes, or a destination retail center designed to serve the rapidly expanding surrounding communities.

Estimated monthly payment

Principal & interest$20,226
Property taxes$3,667
Home insurance (est.)$1,833

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

  1. Status: Active
    Mar 16, 2026
  2. Listed$4,000,000
    Mar 16, 2026
  3. Price increased$4,000,000

Facts & features

Property type
Land
Sub type
Unimproved Land
Status
Active
Subdivision
Palm Bay Map Number 1
County
Brevard
Lot size
107,158 sq ft
Parcel #
28-37-24-27-00005.0-0005.00
MLS #
1072015

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Listing Details

Listing date
2026-03-05
On market date
2026-03-16
Original list price
$4,000,000
Status changed
2026-03-16

Location

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MLS GRID

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 July 11, 2026 at 9:58 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.

All or a portion of the multiple listing information is provided by Stellar MLS, from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2026 Stellar MLS. All rights reserved.

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.

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