0.23 acres on a paved road in Palm Bay for $1,399 down. A long-term hold lot, not a build-now lot. We'll explain why.

This is a 0.23-acre lot at 2445 Kentucky Dr SW in Palm Bay, Florida, in Brevard County, in the Port Malabar Unit 52 subdivision. The land is level at 20 ft elevation. Palm Bay is the largest city by area in Florida and sits on the Indian River Lagoon, about 45 minutes from Orlando and 30 minutes from the Cape Canaveral coast. The roads in this part of Palm Bay are paved, the lot is a standard 80 by 125 ft platted parcel, and Kentucky Dr SW runs right past the eastern boundary.

$1,399 gets you started. That's 10% of the $13,999 cash price. The rest is owner financing. We're running a 12-month plan on this one at 1.9% interest with $1,061 a month, which is the most affordable interest rate in our offer set and the right structure for a buyer who plans to pay this off and hold the lot for the long term. No banks. No credit checks. No prepayment penalties. Pay it off early anytime, no penalty. Call or text (313) 349-0434 to talk through the right plan.

Annual property taxes are $106.25. Cash buyers get the first year covered by us.

This is the part to be straight about, and it changes how you should think about this lot. Port Malabar Unit 52 is part of a three-unit area locally called the Compound (Units 51 to 53) that does not currently have city water, sewer, or grid electric infrastructure. The lot is zoned RS-2 Single Family Residential and the zoning allows site-built, manufactured, and modular homes. But Palm Bay will not issue a building permit on this lot until the city extends power and emergency services to the subdivision. The city has the area in a planning study for future revitalization, and lots in the Compound have appreciated in past cycles when extension plans firm up. We're putting this up front because the lot is the right buy at this price for the right kind of buyer, and the wrong buy if you're trying to build in the next 12 months.

Who this lot fits. A patient buyer who wants Florida-coastal land at a price that makes sense and is willing to hold for the city's infrastructure timeline. An investor adding cheap, paved-frontage Brevard County dirt to a hold-and-wait portfolio. A buyer who wants to gift a future build site to a child or grandchild. The owner-finance structure here makes that hold easy, since you can be on the deed in 12 months and stop carrying the financing.

The fundamentals are clean. Flood Zone X, the lowest-risk rating, no flood insurance required from a lender. No wetlands. No HOA. The survey is on file. RS-2 minimum building size is 1,200 sq ft once the city extends services. RV use and camping are not permitted on residential lots in Palm Bay.

Palm Bay itself has 130,000 residents, a Walmart, hospitals, the Brevard County Government Center, and access to the Atlantic at Sebastian Inlet 30 minutes south. I-95 is 10 minutes east of the Compound area, which puts you 45 minutes from Orlando and 90 minutes from Daytona.

We close through a title company with title insurance. You get a warranty deed recorded in your name, not a contract for deed. We cover escrow, closing fees, and the insurance policy. Title is free and clear. Cash closings run about 2 weeks. To lock the parcel in your name we need both a deposit and a signed purchase agreement, deposit alone doesn't hold it.

Call or text us anytime at (313) 349-0434 and we'll send paperwork over, talk through what the Compound's infrastructure timeline looks like, and walk through monthly payment options together.