Prime Developer Opportunity – 7BR/5BA Triplex on Corner Lot Just One Block from the Beach! Exceptional value in a high-demand coastal location, this fully occupied 7-bedroom, 5-bathroom triplex fixer-upper sits on an expansive 0.34-acre corner lot, offering immediate rental income and incredible potential for future development. Zoned for maximum flexibility, this property may allow for townhome construction with separate entrances on different street fronts—making it ideal for developers or savvy investors. Located just steps from the beach, popular restaurants, and local attractions, this is your chance to secure a unique parcel in a thriving area. Don’t miss this rare opportunity to transform a prime piece of land into a standout coastal asset.
For sale
Price cut: $10K (7/22)
$869,000
351 N Shannon Ave, Indialantic, FL 32903
7beds
5baths
3,579sqft
Est.:
Triplex
Built in 1962
-- sqft lot
$804,400 Zestimate®
$243/sqft
$-- HOA
What's special
Corner lot
- 67 days
- on Zillow |
- 643 |
- 33 |
Zillow last checked: 7 hours ago
Listing updated: July 22, 2025 at 09:14am
Listed by:
Tamara Lima 786-340-3334,
Beachfront Realty Inc
Source: MIAMI,MLS#: A11820099
Originating MLS: A-Miami Association of REALTORS

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 5
Heating
- Other
Cooling
- Other
Features
- Flooring: Tile
Interior area
- Total structure area: 14,810
- Total interior livable area: 3,579 sqft
Video & virtual tour
Property
Parking
- Total spaces: 5
Features
- Stories: 2
Lot
- Features: 1/4 To Less Than 1/2 Acre Lot
Details
- Parcel number: 273831EO651
- Zoning: R-2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Materials
- Concrete Block Construction, Frame
- Roof: Shingle
Condition
- Year built: 1962
Utilities & green energy
- Sewer: Public Sewer
Community & HOA
Community
- Subdivision: Indialantic By The Sea
HOA
- Has HOA: No
Location
- Region: Indialantic
Financial & listing details
- Price per square foot: $243/sqft
- Annual tax amount: $9,846
- Date on market: 6/10/2025
- Listing terms: All Cash,Conventional,FHA,VA Loan
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