201 Mediterranean Way, Indian Harbour Beach, FL 32937

$1,495,000

Property Type: Commercial Sale Lot Size (sq. ft.): 57,064 Status: Active

Current Price: $1,495,000 List Date: 2/26/2026 Last Modified: 2/26/2026

Overview

Description

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.

Supplements: 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.

Listing Details MLS# 1070432

General Property Information

Number Of Units Total: Yes
Year Built: 2026
Lot Size Acres: 1.31

Property Features

Construction Materials: Other Current Use: Unimproved Listing Terms: Cash; Other Lot Features: Other Parking Features: Other Possession: Close Of Escrow Sale Includes: Land Only Sewer: Public Sewer Showing Requirements: Call Listing Agent Special Listing Conditions: Corporate Owned Utilities: Sewer Available; Water Available Water Source: Public

Contract Information

Original List Price: 1495000
Listing Contract Date: 2026-02-26
Property Sub Type: Multi Family
Comp Sale YN: No

Location Tax and Legal

Street Number: 201
Street Name: Mediterranean
Street Suffix: Way
County: Brevard
State: FL
Postal Code: 32937
MLS Area Major: 382-Satellite Bch/Indian Harbour Bch
Subdivision Name: None

Remarks and Miscellaneous

Public Remarks: 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.

Status Change Information

Major Change Timestamp: 2026-02-26T19:47:06Z
Major Change Type: New Listing
Status Change Timestamp: 2026-02-26

More Information

Unit 1 Details

Unit ID: Yes
Annual Rent: Yes
Unit SqFt: Yes
# Units (This Type): Yes
Furnished: Unfurnished
Unit Remarks: Yes

Documents

B-1 zoning ›

R-2 zoning ›

Listing Office: SouthTrend Realty

Last Updated: February - 26 - 2026

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