1853 Wabun Street NE Sfr, Palm Bay, FL 32905 (MLS# 1081416)

1853 Wabun Street NE Sfr, Palm Bay, FL 32905

$1,495,000
Property Type: Commercial Sale Square Footage: 1,184 Lot Size (sq. ft.): 77,101 Status: Active
Current Price: $1,495,000 List Date: 7/01/2026 Last Modified: 7/03/2026

Overview

Description

1853 Wabun St NE: 1.77 acres, direct Indian River Lagoon frontage, Palm Bay. Approved site plan in hand for 35 multifamily units -- 10 one-bed, 20 two-bed, 5 three-bed, averaging 1,149 SF, every unit facing water. Utilities are in. Entitlement risk is gone. A buyer breaks ground instead of fighting a two-year approval process. Plan includes 65 parking spaces, 4 EV chargers, a resort-style pool, mailroom/parcel lockers, and outdoor grilling areas. Palm Bay has land everywhere. It does not have entitled waterfront. Luxury rents run $1,500-$2,200. Waterfront units push $2,400-$3,000+. This site is the scarce side of that spread, already approved.

Listing Details MLS# 1081416

General Property Information

Building Area Total
1184
Year Built
1950
Lot Size Acres
1.77
List Price/SqFt
1262.67
Number Of Units Total
0

Property Features

Construction Materials: Other Cooling: Other Current Use: Other Fencing: Other Flooring: Other Heating: Other Lot Features: Other Operating Expense Includes: Other Parking Features: Other Road Frontage Type: City Street Roof: Other Sale Includes: Land Only Sewer: Unknown Tenant Pays: Other Utilities: Other Water Source: Other

Contract Information

Original List Price
1495000
Listing Contract Date
2026-07-01
Property Sub Type
Unimproved Land

Location Tax and Legal

Street Number
1853
Street Name
Wabun
Street Suffix
Street
Street Direction Suffix
NE
County
Brevard
State
FL
Postal Code
32905
MLS Area Major
340 - NE Palm Bay
Subdivision Name
Hiawatha Gardens Sec 2

Remarks and Miscellaneous

Public Remarks
1853 Wabun St NE: 1.77 acres, direct Indian River Lagoon frontage, Palm Bay. Approved site plan in hand for 35 multifamily units -- 10 one-bed, 20 two-bed, 5 three-bed, averaging 1,149 SF, every unit facing water. Utilities are in. Entitlement risk is gone. A buyer breaks ground instead of fighting a two-year approval process. Plan includes 65 parking spaces, 4 EV chargers, a resort-style pool, mailroom/parcel lockers, and outdoor grilling areas. Palm Bay has land everywhere. It does not have entitled waterfront. Luxury rents run $1,500-$2,200. Waterfront units push $2,400-$3,000+. This site is the scarce side of that spread, already approved.

Status Change Information

Major Change Timestamp
2026-07-01T18:31:26Z
Major Change Type
New Listing
Status Change Timestamp
2026-07-01

More Information

Location, Tax, and Legal

Unit Number
Sfr
Tax Account
2825886
Parcel Number
28-37-13-50-0000c.0-0014.00
General County Location
South
Tax Annual Amount
5820.7
Tax Year
2025
Tax Legal Description
HIAWATHA GARDENS SEC 2 LOTS 14 TO 17, S 15 FT OF LOTS 18,19, ALL OF LOTS 20 TO 23 BLK C TOGETHER WITH HIAWATHA GARDENS LOTS 7,13 BLK C
Directions
From Melbourne, head south on US-1 into Palm Bay, then turn east off Emerson Dr toward the Turkey Creek area onto Wabun St NE -- the property sits on the north side near San Filippo Dr.

Construction Materials

Other
Yes

Cooling

Other
Yes

Current Use

Other
Yes

Fencing

Other
Yes

Flooring

Other
Yes

Heating

Other
Yes

Lot Features

Other
Yes

Parking Features

Other
Yes

Road Frontage Type

City Street
Yes

Roof

Other
Yes

Sewer

Unknown
Yes

Tenant Pays

Other
Yes

Utilities

Other
Yes

Water Source

Other
Yes

Location

City
Yes

Operating Expense Includes

Other
Yes

Sale Includes

Land Only
Yes
Listing Office: Reach Commercial Real Estate
Last Updated: July - 03 - 2026
Information is deemed to be reliable, but is not guaranteed.

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