About This Property
Description from listing agentPrime Opportunity in a Transformative Location! Situated just a half-mile off the Heritage Park Way exit off I-95, this 10 acre parcel is zoned GU - General Residential Use. Positioned at the heart of Palm Bay's future growth, this property will soon neighbor the highly anticipated Emerald Lakes development--a visionary project that will bring vibrant commercial spaces, restaurants, hotels, shopping centers, and residential communities. Seize the chance to invest early in this game-changing development. To the West, the newly established Cypress Cove community is already setting the tone for the area's rapid growth. Own a piece of Palm Bay's transformation while it's still in its early stages. Don't miss this rare chance to secure a foothold in a booming location--where growth, innovation, and progress are on the horizon. Emerald Investment Holdings owns lots on North, South and East side. Currently land locked until proposed future development starts on Emerald Lakes.
Space Coast Context
🚀 Launch Viewing — Fair Views
46.1 mi from SLC-40
46.1 miles from SLC-40 — visible as a bright streak in good conditions.
Estimates only — verify with Google Maps.
Flood Risk
Special Flood Hazard Area (1% annual chance). Flood insurance is federally required for mortgages.
Estimated flood insurance: $2,000 – $6,000+ / yr — varies by coverage, elevation & insurer
Source: FEMA National Flood Hazard Layer. Insurance estimates are ranges only — get a quote for accurate pricing.
Offer Intelligence
Price history and market context for this listing.
How we match comps
Comps are pulled directly from the Space Coast MLS — sold sales only, closed within the last 180 days. We apply hyper-local matching criteria in this order:
- ✓Same property type, always (single family, condo, townhouse, etc.)
- ✓Single-story homes compared only to single-story (and multi to multi)
- ✓Exact bedroom count
- ✓Bathrooms within ±0.5
- ✓Garage spaces within ±1
- ✓Pool status must match
- ✓Waterfront status must match
- ✓HOA must match (HOA community vs. no HOA)
- ✓Price within ±5–20% of list price (tightest in early tiers)
- ✓Square footage within ±10–25% (tighter in early tiers)
- ✓Year built always within ±5–20 years (never dropped)
We search in tiers, expanding the radius only as needed — starting in the same subdivision within 1 mile, then 2 miles, then the same neighborhood within 3 miles, and the same zip code within 5 miles as a last resort. For luxury homes ($5M+), where nearby comps are scarce, we widen the search to 5–20 miles. Year built is always required so comps are from the same era of construction. The median is weighted toward nearer sales, and sales within the last 90 days count 2× to reflect current market conditions.
Median estimate is based on similar active listings and homes that have sold within the last 180 days in this area, as reported through Brevard MLS. This is not an appraisal or a Comparative Market Analysis (CMA). Before making an offer, work with a licensed real estate agent to obtain a CMA, or hire a certified real estate appraiser for an independent valuation.
Location
Get DirectionsAdditional Details
Schools
Elementary
Sunrise
Middle School
Southwest
High School
Bayside
Financial & Listing Details
Estimated Monthly Payment
- Principal & interest
- $2,108
- Property taxes
- $400
- Insurance
- $150
Based on a 6.90% rate, 30-year loan, and $400K price — down payment shown: $80,000.
This is a quick estimate only — it does not include items like mortgage insurance, closing costs, or rate-lock terms. For an accurate payment based on your credit and finances, get pre-qualified with a certified bank or licensed mortgage brokerage.
