201 Mediterranean Way Indian Harbour Beach, FL $ 1,495,000
201 Mediterranean Way
$ 1,495,000
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201 Mediterranean Way

Indian Harbour Beach, FL, 32937
$ 1,495,000
Baths0.0

Monthly Estimate*

$ 9,205

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Studio

Lots and Land for sale in Indian Harbour Beach, FL

for $1,495,000. The lot size is 1.31.

The subject property consists of a 1.31-acre parcel located in the City of Indian Harbour Beach and is currently zoned B-1 (General Commercial). Permitted uses under this zoning designation include retail, restaurant, professional office, religious facilities, and other commercial uses. In addition, the property has been granted a Conditional Land Use approval allowing for the development of an assisted living facility. The previous property owner planned a three-story, 96-bed assisted living facility on the site, but that design would require official city approval. The City has also indicated a willingness to rezone the property to R-2 (Residential), which would permit development at a density of seven (7) dwelling units per acre. At this density, the 1.31-acre site would support approximately nine (9) units, with the potential to accommodate up to ten (10) townhome lots, subject to final site design and municipal approvals, as illustrated in the attached conceptual site plan. Mediterranean Way is currently developed with townhomes as part of the Fortebello community, providing strong compatibility with a potential residential redevelopment and supporting the feasibility of the proposed rezoning.

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Lots and Land Active

Price

$ 1,495,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

$ 6,273

Style

Unimproved Land

Lot Size

1.31

Town/City

Indian Harbour Beach

County/Region

Brevard

MLS | Web ID

1070430

Features
General
Sewer Public Sewer
Utilities Sewer Available Water Available
Possession Close Of Escrow
Property Subtype Unimproved Land
Tax Year 2023
Current Use Unimproved
County Brevard
Property Type Land
Subdivision Name None
Status Active
Directions This site is located in Indian Harbour Beach on the north side of Eau Gallie Blvd and is behind the Tropical Smoothie and the Cazadores restaurant.
High School Satellite
City Indian Harbour Beach
Zoning Description Commercial
MLS Area 382-Satellite Bch/Indian Harbour Bch
Lot Size Units Acres
Lot Size Square Feet 57064
Elementary School Ocean Breeze
Tax Annual Amount 6273.58
Middle/Junior High School Hoover
MLS Area Minor 382-Satellite Bch/Indian Harbour Bch
Standard Status Active
Legal Description PART OF S 1/2 OF NW 1/4 OF NW 1/4 AS DESC IN ORB 5639 PG 1560
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Interior
Total Baths 0
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Exterior
Lot Features Other
Water Source Public
Lot Size Area 1.31
Lot Size Acres 1.31
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* Excluded Features
List By
Southtrend Realty

Broker

arathbun@southtrend.com

Email

Affordability Calculator

$9,728
Per Month
95%
5%
0%
Monthly Principal & Interest
$9,205
Monthly Property Taxes
$523
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1362928 Elementary School
1362994 Middle School
Satellite High School High School
Pricing History
DatePricePrice ChangeDescription
2/26/2026$1,495,000 Listed Price

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201 Mediterranean Way, Indian Harbour Beach, FL, 32937 is a Lots and Land for sale at $1,495,000 with a lot size of 1.31. 201 Mediterranean Way is a studio with 0.0 baths. The property's zip code is 32937 which is in Indian Harbour Beach, FL