Tour
#1050823, Joel Ludlow, Listing office: Glover Properties
Property details
About 124 Coral Way E
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.
Highlights
Home typeMulti Family
StatusActive
CoolingOther
Lot size0.57 Acres
MLS #1051378
Summary
- Heating: None
- Cooling: Other
- List Price: $1,800,000
- Annual Tax Amount: $3,017
- Tax Year: 2023
- Lot: Cleared
- Directions: A1A South of Eau Gallie Causeway to Coral Way. West on Coral Way
- Lot Size: 0.57 Acres
- MLS Number: 1051378
- MLS Name: Space Coast MLS (Space Coast Association of REALTORS®)
- Office Name: Relentless Real Estate Co.
- Office Phone: (321) 302-0763
- Office Email: cscottloveridge@gmail.com
- Listing Agent: Jennifer Brown, Scott Loveridge
Copyright © 2025 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Space Coast Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/16/2025, 7:40:34 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| May 02, 2023 | Home Sold | $458,000 |
| Nov 13, 2009 | Home Sold | $205,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $245,000 | $3,017 |
| 2022 | $235,000 | $2,756 |
| 2021 | $210,000 | $2,756 |
| 2020 | $264,780 | $3,992 |
| 2019 | $154,830 | $2,005 |
| 2018 | $151,950 | $2,020 |
| 2017 | $148,830 | $2,020 |
History based on county public records data.
Nearby schools
7
Ocean Breeze Elementary School
Public District KG-6
1.5 mi
•1101 Cheyenne Dr
10
Indialantic Elementary School
Public District KG-6
2.2 mi
•1050 N Palm Ave
10
Surfside Elementary School
Public District KG-6
3.1 mi
•475 Cassia Blvd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $65,271. Residents of Indialantic, FL typically earn between $35k-100k each year. Most families are single, no kids. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
26%
<35k
49%
35k-100k
16%
100k-200k
9%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
56%
Single, No Kids
8%
Single, with Kids
23%
Married, No Kids
13%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
11%
<11 yrs old
6%
12-17 yrs old
22%
18-34 yrs old
44%
35-64 yrs old
17%
65+ yrs old
What do the neighbors do for fun?
Hiking/backpacking
Extreme Sports
PGA/LPGA
Where do the neighbors shop?
Nordstrom Rack
Sam's Club
Stein Mart
Where do the neighbors go to eat?
Chipotle
White Castle
Bonefish Grill
What do the neighbors drive?
Mazda
Oldsmobile
Lincoln
What do the neighbors listen to?
Rock
Classical
Contemporary Inspirational
All data provided by Home Junction and Claritas
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Tour
#1050835, Joel Ludlow, Listing office: Glover Properties
Frequently asked questions
About 124 Coral Way E
The listing price of 124 Coral Way E property is $1,800,000.
The property 124 Coral Way E is a multi located in Indialantic, Florida, 32903.
Active Listing: 124 Coral Way E is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 124 Coral Way E are: Ocean Breeze Elementary School (GreatSchools Rating 7/10), Indialantic Elementary School (GreatSchools Rating 10/10), Surfside Elementary School (GreatSchools Rating 10/10), Hoover Middle School (GreatSchools Rating 5/10), DeLaura Middle School (GreatSchools Rating 8/10), L. B. Johnson Middle School (GreatSchools Rating 5/10), West Shore Junior/Senior High School (GreatSchools Rating 10/10), Melbourne High School (GreatSchools Rating 5/10), Satellite High School (GreatSchools Rating 8/10).
According to the records, the last property tax for 2023 is $3,017 (source: MLS/based on county public records data).
The last sale was on May 2, 2023 for $458,000 (source: MLS/tax record).
This home is located at 124 Coral Way E in Indialantic, FL and zip code 32903 in the Eden Estates neighborhood. Features: 0 bedroom, 0 bathroom. It has been listed on Rocket Homes since July 10, 2025 and is currently priced at $1,800,000.
In June 2025 more than 1 listings in Indialantic, FL were sold above the asking price. During the same period more than 4 listings were sold at asking price, while more than 14 were sold below. The inventory of homes for sale in Indialantic, FL between May and June 2025 increased by 2.6%. In June 2025 median list price was $637,500 and the average listing age was 61 days.
From Rocket Homes Real Estate and based on county public records data.