For Sale: 16-Unit Approved Multifamily Site Plan Approved - Prime Palm Bay Location - Only $20,000 Per Approved Unit! Unbeatable Value | Premium Location | Multiple Exit Strategies Offered at just $320,000 ($20,000 per approved unit), this is the best-priced, ready-to-build multifamily opportunity in Palm Bay's most dynamic growth corridor. - Site Plan Approved for 16 Units: - 8 spacious 3-bedroom, 2-bath units -8 well-designed 2-bedroom, 2-bath units - Each unit features in-unit washer and dryer hookups for maximum tenant appeal - All Utilities at the Curb: - Separate electric and water meters for each unit, allowing for easy individual billing, reduced operating costs, and flexibility for future condo sales or rental management.
Lot/land
$320,000
1581-1591 Lakewood Dr NE, Palm Bay, FL 32905
--beds
--baths
0.83Acres
Residential
Built in ----
0.83 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 66 days
- on Zillow |
- 26 |
- 0 |
Zillow last checked: 7 hours ago
Listing updated: June 09, 2025 at 11:02am
Listed by:
Mariam Shapira 321-405-9050,
Property360
Source: MIAMI,MLS#: A11816604
Originating MLS: A-Miami Association of REALTORS

Travel times
Facts & features
Interior
Video & virtual tour
Property
Features
- Waterfront features: Creek
Lot
- Size: 0.83 Acres
- Features: No Misc/Improvements, Other
- Residential vegetation: No Trees
Details
- Additional structures: None
- Parcel number: 281799
Community & HOA
Community
- Subdivision: Palm Bay Homes Subd
HOA
- Has HOA: No
Location
- Region: Palm Bay
Financial & listing details
- Annual tax amount: $1,688
- Date on market: 6/5/2025
- Listing terms: All Cash,Conventional
- Loading