Lot/land

$1,500,000

1860 Highway 1, Malabar, FL 32950

--beds

--baths

10.53Acres

Unimproved Land

Built in ----

10.53 Acres Lot

$-- Zestimate^®

$--/sqft

$-- HOA

What's special

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.

58 days

118

9

Facts & features

Interior

Features

Has fireplace: No

Video & virtual tour

View virtual tour

Property

Features

Has view: Yes
View description: River
Has water view: Yes
Water view: River
Waterfront features: River Front
Body of water: Indian River

Lot

Size: 10.53 Acres
Features: Many Trees

Details

Parcel number: 2938060000003.00000.00
Special conditions: Standard

Utilities & green energy

Sewer: Septic Tank, Unknown
Water: None
Utilities for property: Electricity Available

Community & HOA

Community

Subdivision: None

Location

Region: Malabar

Financial & listing details

Annual tax amount: $4,957
Date on market: 5/22/2026
Listing terms: Cash,Conventional
Road surface type: Asphalt

Estimated market value

Not available

Estimated sales range

Not available

$1,727/mo

Price history

Date	Event	Price
5/22/2026	Listed for sale	$1,500,000
Source: Space Coast AOR #1078014 Report a problem
4/1/2026	Listing removed	$1,500,000
Source: Space Coast AOR #1046582 Report a problem
5/19/2025	Listed for sale	$1,500,000+15.4%
Source: Space Coast AOR #1046582 Report a problem
11/13/2024	Listing removed	$1,300,000
Source: Space Coast AOR #1014517 Report a problem
9/1/2024	Listed for sale	$1,300,000
Source: Space Coast AOR #1014517 Report a problem
5/31/2024	Contingent	$1,300,000
Source: Space Coast AOR #1014517 Report a problem
5/21/2024	Listed for sale	$1,300,000
Source: Space Coast AOR #1014517 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Estimated monthly payment$1,822

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: 32950

Getting around

6 / 100

Car-Dependent

26 / 100

Somewhat Bikeable

Nearby schools

GreatSchools rating

4/10
Port Malabar Elementary School
Grades: PK-6Distance: 3.7 mi
2/10
Palm Bay Magnet Senior High School
Grades: PK,8-12Distance: 5.2 mi
3/10
Stone Magnet Middle School
Grades: 7-8Distance: 5.4 mi

Schools provided by the listing agent

Elementary: Port Malabar
Middle: Stone
High: Palm Bay

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