Unit 16, Block 758, Lot 40
1181 VALENCIA ST SE
Palm Bay (SE)
Price
$66,363
Size
0.24 AC
Utilities
City Water Only
Property Overview
This 0.24-acre buildable lot at 1181 VALENCIA ST SE is located in Southeast Palm Bay (Unit 16, Block 758, Lot 40). The lot offers 10,454 square feet of usable land with city water (septic system required). Owner financing available — 30% minimum down, no bank qualification required.
Southeast Palm Bay
One of the most active building areas in Palm Bay. Strong new construction activity, good appreciation trends, and growing community.
Nearby
Babcock Street corridor, Palm Bay parks, Space Coast beaches (15 min)
Area Character
High building activity. Popular with builders and new homeowners.
Utilities & Infrastructure
City Water Only — Unit 16
Septic ~$8,000-$15,000
City water is available — no well needed. You install septic through Brevard County Health Department.
See full utility guide by unit →What You Could Do With This Lot
Build Your Home
City water is available — just install septic. Saves $5K-$10K compared to lots needing both well and septic.
Invest & Hold
No HOA. Taxes ~$300-500/year. Palm Bay land has been appreciating as the Space Coast grows. Low holding cost while values increase.
Owner Finance & Resell
Buy with our financing (30% down), then resell with your own seller financing at a markup. Create monthly income while building equity.
Owner Financing Available
30%
Min Down
40%
Deed Transfers
$0
Prepay Penalty
10% / 12.33%–12.58% APR*
Interest
No bank qualification. We do personal approval — we look at you as an individual, not just a credit score. No hidden fees. Lot exchange guarantee if there's an issue.
Read: Owner Financing — What to Watch Out For →Property Details
Address
1181 VALENCIA ST SE
City
Palm Bay
Lot Size
0.24 AC (10,454 sqft)
Utilities
City Water Only
Unit / Block
Unit 16, Block 758, Lot 40
HOA
None
Est. Taxes
$300-500/yr
Zoning
RS-2 Residential
State Income Tax
None (FL)
Questions About This Lot
Can I build a house at 1181 VALENCIA ST SE?
Yes. This 0.24-acre lot (10,454 sq ft) is a verified buildable residential parcel in Palm Bay. It can accommodate a typical 1,500-2,500 sq ft single-family home with garage and yard. A local builder charges $125-150/sqft total cost including all permits.
What utilities are available at this lot in Unit 16?
This lot has city water (septic system required). Septic ~$8,000-$15,000. City water is available. You will need to install a septic system ($8,000-$15,000).
Is owner financing available for this lot?
Yes. 30% minimum down for an option contract ($19,909 on this lot). Deed transfers at 40% paid. 10% fixed interest rate (12.33%–12.58% APR). See the price guide for full terms. No bank qualification required. No prepayment penalty.
Are there HOA fees on this Palm Bay lot?
No. There are no HOA fees. Property taxes average $300-500 per year for residential lots in Palm Bay. Florida has no state income tax.
What is the Southeast Palm Bay area like?
One of the most active building areas in Palm Bay. Strong new construction activity, good appreciation trends, and growing community. Nearby: Babcock Street corridor, Palm Bay parks, Space Coast beaches (15 min).
What happens if there's a problem with this lot?
You're protected with our lot exchange guarantee. If there's a buildability issue, you can swap for another lot of the same size and price within the same year you purchased it. There is no recording fee during the option contract; fees apply after the deed transfers, even if market values have increased.
Interested in this lot?
Contact Vahid for zoning details, utility verification, and financing terms.
See this lot on the map
Broker Associate
Vahid Reza Rajabian
M. David Moallem, Inc.
License #BK3454072
Ready to Make This Lot Yours?
Call today for a free consultation. I'll answer your questions about zoning, utilities, and building potential — no pressure.