124 Coral Way Way E, Indialantic, FL 32903 (MLS# 1051378)

124 Coral Way Way E, Indialantic, FL 32903

$1,500,000

Property Type: Residential Income Lot Size (sq. ft.): 24,829 Status: Active

Current Price: $1,500,000 List Date: 1/11/2026 Last Modified: 7/20/2026

Overview

Description

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.

Listing Details MLS# 1051378

General Property Information

New Construction YN: No
Garage YN: No
Carport YN: No
Lot Size Acres: 0.57
Lot Size Square Feet: 24829
Association YN: No
Water Body Access YN: No

Property Features

Construction Materials: Other Cooling: Other Current Use: Unimproved Heating: None Listing Terms: Cash; Conventional; Other Lot Features: Cleared Possession: Close Of Escrow Road Frontage Type: City Street Sewer: Public Sewer Special Listing Conditions: Corporate Owned Utilities: Electricity Available; Water Available Water Source: Public Showing Requirements: Call Listing Agent

Contract Information

Original List Price: 1800000
Listing Contract Date: 2025-07-10
Property Sub Type: Multi Family

Location Tax and Legal

Street Number: 124
Street Name: Coral Way
Street Suffix: Way
Street Direction Suffix: E
County: Brevard
State: FL
Postal Code: 32903
MLS Area Major: 383 - N Indialantic
Subdivision Name: Eden Estates

Remarks and Miscellaneous

Public Remarks: 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.

Status Change Information

Major Change Timestamp: 2026-01-11T18:27:56Z
Major Change Type: Status Change
Price Change Timestamp: 2025-08-12T15:38:16Z
Status Change Timestamp: 2026-01-11

More Information

DPR Eligible

DPR Eligible: No

Documents

Coral Way Floor plan Right ›

Coral Way Floor Plan Left ›

Projections ›

Listing Office: Relentless Real Estate Co.

Last Updated: July - 20 - 2026

Information is deemed to be reliable, but is not guaranteed.