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$50,393
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Property Description
Don't miss this opportunity to own a prime vacant lot in rapidly growing Palm Bay, FL! Located at 500 Hobart Ave NW, this .23-acre lot sits on a paved residential street in a quiet neighborhood. This property offers the perfect canvas to build your custom dream home or as a smart investment for the future. With no HOA and no deed restrictions, you're free to design a home that fits your lifestyle. Power is nearby, and well/septic are typical for the area. Conveniently located just minutes from I-95, major shopping, schools, restaurants, and the Space Coast beaches, this lot offers the perfect blend of tranquility and accessibility. Surrounded by newer homes and ongoing development, this area is seeing strong demand and rising property values. Secure your slice of Florida today and build when you're ready - the future is bright in Palm Bay!
Full Property Details
Full Property Details for 500 Hobart Ave NW
General
- Price: $50,393
- Taxes: $520 (2024)
- Status: Active
- Type: Lots/Land
- Source: MidFloridaRegionalMLS
- MLS ID: OM712029
- Updated: 10/23/2025
- Added to Site: 88 day(s) ago
Location
- Area: 32907 - Palm Bay/Melbourne
- County: Brevard
- Development Name: 32907 - Palm Bay/Melbourne
- Subdivision: PORT MALABAR UNIT 39
- Driving Directions: Head to I-95, Palm?Bay. Take the Malabar Road (FL-514 / CR-514) exit heading west. Continue on Malabar Road until you reach Jupiter?Boulevard?NW; turn right (north) onto Jupiter Boulevard. Turn left onto Serenade?Street?NW. Continue on Serenade; it becomes Hobart?Avenue?NW. Drive along Hobart Avenue NW until you reach 500?Hobart?Ave?NW on the left-hand side (or depending on numbering, check both sides).
Community
- Community Name: 32907 - Palm Bay/Melbourne
Utilities
- Sewer: Septic Needed
- Water: Well Required
- Utility Description: Electrical Nearby, Water Nearby
Structural Information
- Current Bldg. Use: Residential
Lot Features
- Lot Size (Acres): 0.14
- Lot Size (Sq. Ft.): 6,098
- Lot Size: 6098
- Lot Dimensions: 80 x 125
- Street/Road Desc.: Paved
Financial Considerations
- Price Per Acre: $359,950
- Tax Amount: $520.84
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: None
- Legal Description: PORT MALABAR UNIT 39 LOT 2 BLK 1849
- Flood Zone Info: X
- APN: 28 36342518492
- Property ID: 28 36342518492
- Block/Lot/Section: 1849
Listed by Suncoast Property Management L
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Schools
Schools serving 500 Hobart Ave NW
School District:Brevard County School District
| Name | Grades | Distance |
|---|---|---|
Christa Mcauliffe Elementary School 155 Del Mundo Street Northwest, Palm Bay, FL 32907 | PK-6 | 2.4 mi |
Central Middle School 2600 Wingate Boulevard, West Melbourne, FL 32904 | 7-8 | 4.7 mi |
Heritage High School 2351 Malabar Road Northwest, Palm Bay, FL 32907 | 9-12 | 2 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 500 Hobart Ave NW
Date
Details
Price
Change
Source
10/22/2025
Listed
$50,393
—
MLS
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
Tax History for 500 Hobart Ave NW
Year
Property Taxes
Change
Tax Assessment
Change
2025
$441
-15%
$24,400
-10%
2024
$521
-1%
$27,200
—
2023
$528
257%
$27,200
209%
2021
$148
-29%
$8,800
-55%
2022
$207
40%
$19,600
188%
2021
$148
6%
$6,800
31%
2018
$140
—
$5,200
—
2017
$140
-8%
$5,200
23%
2019
$152
58%
$4,230
6%
2016
$96
12%
$4,000
38%
2015
$86
8%
$2,900
10%
2014
$80
7%
$2,640
10%
2013
$75
—
$2,400
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 500 Hobart Ave NW
500 Hobart Avenue NW, Palm Bay, FL 32907 (MLS# OM712029) is a Lots/Land property with a lot size of 0.14 acres. 500 Hobart Avenue NW is currently listed for $50,393 and was received on October 22, 2025. Want to learn more about 500 Hobart Avenue NW? 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.

