2418 Fleming Avenue SW
Palm Bay, FL 32908
$65,000
Ready-to-Build Residential Lot with City Water
This 10,019 square foot lot on Fleming Avenue in Southwest Palm Bay is a straightforward single-family home site with city water available. Zoned RS-2, no HOA, and ready for permits. Located in a growing residential area with active new construction nearby.
At $65,000 with owner financing available, this is a practical entry point for buyers who want to build their own home, build a spec home to sell, or hold for appreciation.
Key Highlights
City Water Available
No well needed — connect to municipal water
Buildable — Zoned RS-2
Single-family residential
10,019 Square Feet
Standard quarter-acre lot
No HOA Fees
Property taxes ~$300-500/year
What You Could Build Here
With 10,019 sq ft and RS-2 zoning, this lot fits a typical 1,500-2,500 sq ft single-family home with a garage, driveway, and yard. Standard Palm Bay setbacks still leave plenty of building envelope.
Estimated Build Cost (using a local builder)
Land
$65,000
2,000 sqft Home @ $140/sqft
$280,000
Septic (city water, no sewer)
~$12,000
Estimated Total
~$357,000
Retail builders sell comparable finished homes at $180-190/sqft. Building yourself saves real money.
Location
Southwest Palm Bay — one of the city's most active building areas with strong new construction. Growing infrastructure as the city expands westward. Near Malabar Road access and I-95 corridor. Space Coast employment centers (Kennedy Space Center, SpaceX, L3Harris) are a reasonable commute.
Owner Financing Available
$19,500
30% Min Down
40%
Deed Transfers
$0
Prepayment Penalty
10% / 12.33%–12.58% APR*
Interest Rate
No bank qualification required. We do personal approval — we look at you as an individual. Deed transfers at 40% paid (~$26,000). No prepayment penalty.
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Contact Vahid for parcel details, zoning verification, and financing terms.
Request Parcel Report321-333-7230