Unit 28, Block 2206, Lot 28
1663 GEORGIA ST NE
Palm Bay (NE)
Price
$224,486
Size
1.45 AC
Utilities
City Water Only
Property Overview
This 1.45-acre buildable lot at 1663 GEORGIA ST NE is located in Northeast Palm Bay (Unit 28, Block 2206, Lot 28). The lot offers 63,162 square feet of usable land with city water (septic system required). Owner financing available — 30% minimum down, no bank qualification required.
Northeast Palm Bay
Established area close to Melbourne, US-1 corridor, and the Indian River. Good infrastructure with proximity to shopping, restaurants, and Melbourne International Airport.
Nearby
Melbourne, Palm Bay Regional Park, Turkey Creek Sanctuary
Area Character
Established residential with mature landscaping. Close to city amenities.
Utilities & Infrastructure
City Water Only — Unit 28
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.
Spec Home Build
At 63,162 sq ft, this lot fits a generous floor plan. Build a spec home at $125-150/sqft and sell in a growing market.
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
1663 GEORGIA ST NE
City
Palm Bay
Lot Size
1.45 AC (63,162 sqft)
Utilities
City Water Only
Unit / Block
Unit 28, Block 2206, Lot 28
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 1663 GEORGIA ST NE?
Yes. This 1.45-acre lot (63,162 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 28?
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 ($67,346 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 Northeast Palm Bay area like?
Established area close to Melbourne, US-1 corridor, and the Indian River. Good infrastructure with proximity to shopping, restaurants, and Melbourne International Airport. Nearby: Melbourne, Palm Bay Regional Park, Turkey Creek Sanctuary.
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.