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.
Lot/land
Price cut: $100K (7/27)
$1,400,000
1860 Highway 1, Malabar, FL 32950
--beds
--baths
10.53Acres
Unimproved Land
Built in ----
10.53 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 104 days
- 130
- 11
Zillow last checked:
Listing updated:
Listed by:
Lauren Merrell PA 321-987-3328,
Dale Sorensen Real Estate Inc.,
Jeremy T Silber 321-353-9864,
Dale Sorensen Real Estate Inc.
Source: Space Coast AOR,MLS#: 1078014
Facts & features
Interior
Features
- Has fireplace: No
Video & 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 |
|---|---|---|
| 7/27/2026 | Price change | $1,400,000-6.7% |
Source: Space Coast AOR #1078014 Report a problem | ||
| 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
Climate risks
Neighborhood: 32950
Nearby schools
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.








