For sale

$1,500,000

124 Coral Way E, Indialantic, FL 32903

--beds

--baths

--sqft

$9,842/mo

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Multi Family

Built in ----

-- sqft lot

$1,359,300 Zestimate^®

$--/sqft

$-- HOA

What's special

Modern coastal-inspired designBeachside lot

Rare Indialantic Investment Opportunity! Fully permitted and shovel-ready 8-unit townhome project on a cleared .57-acre beachside lot zoned for short-term rentals (Airbnb/VRBO)—a true rarity in Indialantic! Plans approved for two buildings with four 3BR+Loft, 2.5BA, 2-car garage units each, totaling 8 income-producing townhomes. Each unit is over 2,250 sq ft with modern, coastal-inspired design and 10' ceilings. Walk to the beach, shops, and restaurants. Use your own builder or ours and break ground immediately. Pro forma rental income and comps available. Whether you build-to-rent or build-to-sell, this is the cash-flowing beachside project your portfolio needs. Permits + plans included. Zoned STR. Ready to build.

379 days

227

11

Facts & features

Interior

Heating

None

Cooling

Other

Features

Has fireplace: No

Property

Lot

Size: 0.57 Acres
Features: Cleared

Details

Additional parcels included: 2716292
Parcel number: 2737137800002.00008.00
Special conditions: Corporate Owned

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Other

Condition

New construction: No

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Available, Water Available

Community & HOA

Community

Subdivision: Eden Estates

HOA

Has HOA: No

Location

Region: Indialantic

Financial & listing details

Annual tax amount: $3,017
Date on market: 1/11/2026
Listing terms: Cash,Conventional,Other

Estimated market value

$1,359,300

$1.29M - $1.43M

$1,866/mo

Price history

Date	Event	Price
8/12/2025	Price change	$1,500,000-16.7%
Source: Space Coast AOR #1051378 Report a problem
7/10/2025	Listed for sale	$1,800,000+293%
Source: Space Coast AOR #1051378 Report a problem
5/5/2023	Sold	$458,000-8.4%
Source: Space Coast AOR #949260 Report a problem
3/25/2023	Contingent	$500,000
Source: Space Coast AOR #949260 Report a problem
10/27/2022	Listed for sale	$500,000+117.4%
Source: Space Coast AOR #949260 Report a problem
12/4/2020	Sold	$230,000
Source: Space Coast AOR #866309 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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Climate risks

Neighborhood: 32903

Getting around

38 / 100

Car-Dependent

56 / 100

Bikeable

Nearby schools

GreatSchools rating

10/10
Indialantic Elementary School
Grades: PK-6Distance: 2.2 mi
7/10
Herbert C. Hoover Middle School
Grades: 7-8Distance: 2.1 mi
6/10
Melbourne Senior High School
Grades: 9-12Distance: 3.6 mi

Schools provided by the listing agent

Elementary: Indialantic
Middle: Hoover
High: Melbourne

Source: Space Coast AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.