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#1040803, Michael J Toppa, Listing office: Rahal Real Estate LLC
Property details
About 328 Malabar Rd SE
a remarkable commercial real estate opportunity in the thriving city of Palm Bay, This exceptional property comprises five smaller parcels, totaling approximately 1.75 acres, with the exciting potential to add two additional parcels, for another 0.23 acres, if required, for a grand total of approximately 2 acres. Strategically positioned along one of Palm Bay's bustling thoroughfares, this property enjoys high visibility, with an impressive daily traffic count of approximately 23,000. Currently, the property features three existing houses, on a month-to-month leases providing an immediate income stream while you prepare for redevelopment. Located in proximity to prominent retailers and benefiting from a signalized intersection, this property is ideally suited for a diverse range of uses. a remarkable commercial real estate opportunity in the thriving city of Palm Bay, This exceptional property comprises seven smaller parcels, totaling approximately 1.75 acres, with the exciting potential to add two additional parcels, for another 0.23 acres, if required, for a grand total of approximately 2 acres. Strategically positioned along one of Palm Bay's bustling thoroughfares, this property enjoys high visibility, with an impressive daily traffic count of approximately 23,000. Currently, the property features three existing houses, providing an immediate income stream while you prepare for redevelopment.
Highlights
Home typeUnimproved Land
StatusActive
Lot size1.72 Acres
MLS #1010989
Virtual tour
Summary
- List Price: $1,575,000
- Annual Tax Amount: $260
- Tax Year: 2023
- Lot: Cleared, Wooded
- Directions: exit 173 head west on the SW corner of Eldron and Malabar
- Lot Size: 1.72 Acres
- MLS Number: 1010989
- MLS Name: Space Coast MLS (Space Coast Association of REALTORS®)
- Office Name: M. David Moallem, Inc
- Office Phone: (321) 724-2424
- Office Email: palmbaylots@hotmail.com
- Listing Agent: Vahid Reza Rajabian
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: 6/11/2025, 9:40:34 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,575,000
328 Malabar Rd SE
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jan 08, 1997 | Home Sold | $15,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $11,270 | $260 |
| 2022 | $11,270 | $260 |
| 2021 | $10,250 | $260 |
| 2020 | $10,250 | $250 |
| 2019 | $10,250 | $279 |
| 2018 | $10,250 | $266 |
| 2017 | $9,320 | $266 |
History based on county public records data.
Nearby schools
6
McAuliffe Elementary School
Public District PK-6
0.8 mi
•155 Del Mundo St NW
3
John F. Turner Senior Elementary School
Public District PK-6
0.8 mi
•3175 Jupiter Blvd SE
6
Lockmar Elementary School
Public District PK-6
1.9 mi
•525 Pepper St NE
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 $43,368. Typical income of Palm Bay, FL residents is between $35k-100k annually. Typical family type is married, no kids. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
40%
<35k
47%
35k-100k
12%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
31%
Single, No Kids
13%
Single, with Kids
34%
Married, No Kids
22%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
15%
<11 yrs old
8%
12-17 yrs old
17%
18-34 yrs old
43%
35-64 yrs old
17%
65+ yrs old
What do the neighbors do for fun?
Horse Races
Extreme Sports
Pro Boxing
Where do the neighbors shop?
Stein Mart
Sam's Club
Family Dollar
Where do the neighbors go to eat?
LongHorn Steakhouse
White Castle
Golden Corral
What do the neighbors drive?
Buick
Oldsmobile
Chevrolet
What do the neighbors listen to?
Contemporary Inspirational
Rock
Adult Standards
All data provided by Home Junction and Claritas
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Frequently asked questions
About 328 Malabar Rd SE
The listing price of 328 Malabar Rd SE property is $1,575,000.
The property 328 Malabar Rd SE is land located in Palm Bay, Florida, 32907.
Active Listing: 328 Malabar Rd SE is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 328 Malabar Rd SE are: McAuliffe Elementary School (GreatSchools Rating 6/10), John F. Turner Senior Elementary School (GreatSchools Rating 3/10), Lockmar Elementary School (GreatSchools Rating 6/10), Southwest Middle School (GreatSchools Rating 3/10), Pineapple Cove Classical Academy at West Melbourne (GreatSchools Rating 6/10), Royal Palm Charter School (GreatSchools Rating 6/10), Pineapple Cove Classical Academy (GreatSchools Rating 6/10), Odyssey Charter School (GreatSchools Rating 6/10), Bayside High School (GreatSchools Rating 4/10).
According to the records, the last property tax for 2023 is $260 (source: MLS/based on county public records data).
The last sale was on January 8, 1997 for $15,000 (source: MLS/tax record).
The property 328 Malabar Rd SE is 1.72 acres.
This home is located at 328 Malabar Rd SE in Palm Bay, FL and zip code 32907 in the Port Malabar neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since April 15, 2024 and is currently priced at $1,575,000.
Palm Bay, FL housing market in May 2025 saw over 48 listings sold above listed price, more than 108 sold at listed price and over 177 sold below. The number of listings in Palm Bay, FL increased by 0.6% between April and May 2025. In May 2025, listings were on the market for 78 days. During the same period, the median list price in this real estate market was $329,996.
From Rocket Homes Real Estate and based on county public records data.