000 Coply Street SE, Palm Bay, FL 32909

$2,500,000

Virtual Tour

https://www.virtualtourcafe.com/mls/10008924

Property Type: Land Lot Size (sq. ft.): 300,564 Status: Active

Current Price: $2,500,000 List Date: 7/17/2026 Last Modified: 7/22/2026

Overview

Description

Rare opportunity to acquire ±12.12 acres of city-served residential development land in the heart of southeast Palm Bay -- Brevard County's largest and fastest-growing city. Zoned RS-2 single-family and carrying both city water AND sewer. Preliminary due diligence package that de-risks months of feasibility work: a conceptual 33-lot RS-2 subdivision plan and a City of Palm Bay traffic/LOS analysis that confirms the site's arterial connection -- Emerson Drive SE, a four-lane divided minor arterial carrying 17,270 AADT -- operates well within capacity at buildout (V/C 0.47), with no concurrency roadblock to entitlement. The 33-lot concept is a floor, not a cap: the City's own traffic analysis modeled up to 41 dwelling units at maximum allowed density, giving an incoming builder or developer room to optimize the layout and maximize lot yield through the entitlement process.

Supplements: Full central sewer removes the septic-density constraint that limits most Palm Bay land, allowing full RS-2 yield to be realized. The seller is also open to collaborating on final entitlements, and adjacent land may be available for green space, buffer, or open space -- flexibility that can shorten the approval timeline and structure a lower-risk t ... (Read more)

Listing Details MLS# 1082796

General Property Information

Lot Size Acres: 12.12
Lot Size Square Feet: 300564
CDD Fee YN: No
List Price/Acre: 206270.63

Property Features

Current Use: Residential; Single Family; Unimproved Listing Terms: Cash; Other Lot Features: Many Trees; Other Possession: Close Of Escrow Sewer: Public Sewer Showing Requirements: Other Special Listing Conditions: Standard Utilities: Water Available Water Source: Public

Contract Information

Original List Price: 2500000
Listing Contract Date: 2026-07-17
Property Sub Type: Unimproved Land

Location Tax and Legal

Street Number: 000
Street Name: Coply
Street Suffix: Street
Street Direction Suffix: SE
County: Brevard
State: FL
Postal Code: 32909
MLS Area Major: 343 - SE Palm Bay
Subdivision Name: Port Malabar Unit 9

Remarks and Miscellaneous

Public Remarks: Rare opportunity to acquire ±12.12 acres of city-served residential development land in the heart of southeast Palm Bay -- Brevard County's largest and fastest-growing city. Zoned RS-2 single-family and carrying both city water AND sewer. Preliminary due diligence package that de-risks months of feasibility work: a conceptual 33-lot RS-2 subdivision plan and a City of Palm Bay traffic/LOS analysis that confirms the site's arterial connection -- Emerson Drive SE, a four-lane divided minor arterial carrying 17,270 AADT -- operates well within capacity at buildout (V/C 0.47), with no concurrency roadblock to entitlement. The 33-lot concept is a floor, not a cap: the City's own traffic analysis modeled up to 41 dwelling units at maximum allowed density, giving an incoming builder or developer room to optimize the layout and maximize lot yield through the entitlement process.

Status Change Information

Major Change Timestamp: 2026-07-17T18:28:05Z
Major Change Type: New Listing
Status Change Timestamp: 2026-07-17

More Information

Closing Company Details

Closing Company Name: Prestige Title; nwilliams@prestigeclosings.com
Closing Company Address: 5120 N Highway US 1 Suite 103, Melbourne, FL 32940

Location, Tax, and Legal

Tax Account: 2923458
Parcel Number: 29-37-05-Gj-0000b.0-0000.00
General County Location: South
Elementary School: Turner
Middle School: Southwest
High School: Palm Bay
Tax Annual Amount: 1246.73
Tax Year: 2025
Tax Legal Description: PORT MALABAR UNIT 9 TRACT B EX ORB 2711 PG 2293
Zoning Description: Single Family
Directions: I-95 to Malabar Rd, east to Minton Rd, south to Coply St SE, east to property.