1860 Highway 1, Malabar, FL 32950

$1,400,000

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https://www.virtualtourcafe.com/mls/10006476

Property Type: Land Lot Size (sq. ft.): 458,687 Status: Active

Current Price: $1,400,000 List Date: 5/22/2026 Last Modified: 7/27/2026

Overview

Description

Positioned along high-visibility US-1, this 10+ acre parcel offers a rare combination of acreage, river frontage, and flexible R-LC zoning for residential and limited commercial opportunities. With approximately 400 feet of Indian River frontage plus US-1 frontage, the property presents strong potential for future development, income-producing use, or long-term land banking. Current zoning allows up to 6 residential units per acre, creating possibilities for a thoughtful residential or mixed-use concept. Whether you are looking to develop now or secure a strategic waterfront corridor investment for the future, this parcel offers location, scale, and upside that are increasingly hard to find.

Listing Details MLS# 1078014

General Property Information

Lot Size Acres: 10.53
Lot Size Square Feet: 458687
Water Body Access YN: No
Waterfront YN: Yes
Water Body Name: Indian River
CDD Fee YN: No
List Price/Acre: 132953.47

Property Features

Current Use: Commercial; Mixed Use; Multi-Family; Residential; Retail; Single Family; Unimproved Development Status: Raw Land Listing Terms: Cash; Conventional Lot Features: Many Trees Possession: Close Of Escrow Road Frontage Type: Highway Road Surface Type: Asphalt Sewer: Septic Tank; Unknown Showing Requirements: Call Listing Agent Special Listing Conditions: Standard Utilities: Electricity Available View: River Water Source: None Waterfront Features: River Front

Contract Information

Original List Price: 1500000
Listing Contract Date: 2026-05-22
Property Sub Type: Unimproved Land

Location Tax and Legal

Street Number: 1860
Street Name: Highway 1
County: Brevard
State: FL
Postal Code: 32950
MLS Area Major: 342 - Malabar/Grant-Valkaria
Subdivision Name: None

Remarks and Miscellaneous

Public Remarks: Positioned along high-visibility US-1, this 10+ acre parcel offers a rare combination of acreage, river frontage, and flexible R-LC zoning for residential and limited commercial opportunities. With approximately 400 feet of Indian River frontage plus US-1 frontage, the property presents strong potential for future development, income-producing use, or long-term land banking. Current zoning allows up to 6 residential units per acre, creating possibilities for a thoughtful residential or mixed-use concept. Whether you are looking to develop now or secure a strategic waterfront corridor investment for the future, this parcel offers location, scale, and upside that are increasingly hard to find.

Status Change Information

Major Change Timestamp: 2026-07-27T17:28:28Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-07-27T17:28:28Z
Status Change Timestamp: 2026-05-22

More Information

Closing Company Details

Closing Company Name: Supreme Title
Closing Company Address: 125 W New Haven Ave, Melbourne, FL 32901

Listing Office: Dale Sorensen Real Estate Inc.

Last Updated: July - 27 - 2026

Information is deemed to be reliable, but is not guaranteed.