Unit 40, Block 1990, Lot 16
590 THOR AVE SE
Palm Bay (SE)
Price
Contact for Price
Size
1.78 AC
Utilities
Well & Septic
Property Overview
This 1.78-acre buildable lot at 590 THOR AVE SE is located in Southeast Palm Bay (Unit 40, Block 1990, Lot 16). The lot offers 77,537 square feet of usable land with well and septic. Owner financing available — 25% 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
Well & Septic — Unit 40
Well ~$5K-$10K + Septic ~$8K-$15K
This area requires well and septic. Both are common and reliable throughout Palm Bay. Installed during construction.
See full utility guide by unit →What You Could Do With This Lot
Build Affordably
Most affordable lots in Palm Bay. Well and septic installation adds $13K-$25K but lot prices are significantly lower.
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 (25% down), then resell with your own seller financing at a markup. Create monthly income while building equity.
Spec Home Build
At 77,537 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
25%
Min Down
35%
Deed Transfers
$0
Prepay Penalty
10%
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
590 THOR AVE SE
City
Palm Bay
Lot Size
1.78 AC (77,537 sqft)
Utilities
Well & Septic
Unit / Block
Unit 40, Block 1990, Lot 16
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 590 THOR AVE SE?
Yes. This 1.78-acre lot (77,537 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 40?
This lot has well and septic. Well ~$5K-$10K + Septic ~$8K-$15K. You will need to install both a well ($5,000-$10,000) and septic system ($8,000-$15,000).
Is owner financing available for this lot?
Yes. 25% minimum down for an option contract ($10,250 on this lot). Deed transfers at 35% paid. 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 — no extra cost except the deed transfer fee, even if market values have increased.
Interested in this lot?
Contact Vahid for zoning details, utility verification, and financing terms.
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.
