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$39,990 -$2,510 (-5.91%) Price Reduced

  • For Sale
  • Active
  • Lots/Land
  • 0.23 Acres
  • Updated 5 hours ago
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Build Now or Pay More Later - Prime Lot in Palm Bay, FL Opportunities like this are disappearing fast. Secure a residential lot in Palm Bay, FL, one of the fastest-growing areas on Florida's Space Coast, where demand is rising and inventory is shrinking. Strategically positioned with quick access to I-95 via Malabar Rd (SR-514) and US-1, giving you seamless connectivity. You're ~1 hour to Orlando International Airport (MCO), 20-25 minutes to the beaches, and 35-40 minutes to Kennedy Space Center-all while avoiding the inflated prices of Orlando and Miami. This is the window to build on your terms-whether it's your primary home or a smart long-term investment in a high-growth corridor. Serious buyers only. Don't wait-by the time you're ready, this opportunity may already be gone.

Full Property Details for 480 Truman St SW

General

  • Price: $39,990
  • Taxes: $343 (2025)
  • Status: Active
  • Type: Lots/Land
  • Source: MidFloridaRegionalMLS
  • MLS ID: S5148364
  • Updated: 5/25/2026
  • Added to Site: 35 day(s) ago

Location

  • Area: 32908 - Palm Bay/Melbourne
  • County: Brevard
  • Development Name: 32908 - Palm Bay/Melbourne
  • Subdivision: PORT MALABAR UNIT 19
  • Driving Directions: ake I-95 to Exit 173 (Malabar Rd / SR-514). Head west on Malabar Rd SE for approximately 3.5 miles. Turn left onto Minton Rd SE. Continue for about 1 mile, then turn right onto Jupiter Blvd SW. Drive ~1.5 miles, then turn left onto De Groodt Rd SW. Continue for about 1 mile, then turn right onto Truman St SW. The property will be on your left-hand side.

Community

  • Community Name: 32908 - Palm Bay/Melbourne

Utilities

  • Sewer: Septic Needed
  • Water: Well Required
  • Utility Description: Electrical Nearby

Structural Information

  • Current Bldg. Use: Residential

Lot Features

  • Property View: Water
  • Lot Size (Acres): 0.23
  • Lot Size (Sq. Ft.): 10,019
  • Lot Size: 10019
  • Lot Dimensions: 80 x 125
  • Street/Road Desc.: Asphalt

Water Features

  • Water View: Yes

Financial Considerations

  • Price Per Acre: $173,870
  • Tax Amount: $343.53
  • Tax Year: 2025

Disclosures and Reports

  • Ownership: Fee Simple
  • Special Conditions: None
  • Legal Description: PORT MALABAR UNIT 19 LOT 24 BLK 1089
  • Flood Zone Info: R1
  • APN: 29 360125108924
  • Property ID: 29 360125108924
  • Block/Lot/Section: 1089

Listed by Lpt Realty, Llc

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Listing agent

— 480 Truman St SW —

  • Lpt Realty, Llc

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 480 Truman St SW

School District:Brevard County School District
NameGradesDistance
Jupiter Elementary School, Palm Bay, FL
950 Tupelo Road Southwest, Palm Bay, FL 32908
PK-60.9 mi
Southwest Middle School, Palm Bay, FL
451 Eldron Boulevard Southeast, Palm Bay, FL 32909
7-81.5 mi
Heritage High School
2351 Malabar Road Northwest, Palm Bay, FL 32907
9-124 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 480 Truman St SW Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/25/2026
Price Reduced
$39,990
-5.91%
MLS
5/11/2026
Price Reduced
$42,500
-5.56%
MLS
4/21/2026
Listed
$45,000
525%
MLS
8/13/2018
Sold
$7,200
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 480 Truman St SW

Year
Property Taxes
Change
Tax Assessment
Change
2024
$308
—
$29,500
16%
2024
$308
11%
$25,500
16%
2023
$278
49%
$22,000
144%
2021
$186
-23%
$9,000
-53%
2022
$241
30%
$19,000
171%
2021
$186
-9%
$7,000
8%
2019
$205
11%
$6,500
18%
2018
$185
15%
$5,500
10%
2017
$161
63%
$5,000
11%
2016
$99
10%
$4,500
55%
2015
$90
3%
$2,900
10%
2014
$87
16%
$2,640
10%
2013
$75
—
$2,400
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Listed by Lpt Realty, Llc

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480 Truman Street SW, Palm Bay, FL 32908 (MLS# S5148364) is a Lots/Land property with a lot size of 0.23 acres. 480 Truman Street SW is currently listed for $39,990 and was received on April 21, 2026. Want to learn more about 480 Truman Street SW? Do you have questions about finding other Lots/Land real estate for sale in Palm Bay? You can browse all Palm Bay real estate or contact a Coldwell Banker agent to request more information.

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