8 months on rocket

6950 Babcock St SE, Palm Bay, FL, 32909

$4,950,000

18.27 Acres
Land

Location

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Property Highlights

Home TypeUnimproved Land
MLS #1012051
Lot Size18.27 Acres
StatusActive

About 6950 Babcock St SE

Discover a prime real estate opportunity in the thriving city of Palm Bay, Florida. This remarkable property offers 18 acres of unentitled land, providing a blank canvas for single or multi-use development. Whether you seek a substantial parcel or a more tailored portion. The future potential for this land is vast, making it an attractive investment opportunity for various prospects: a quaint 55+ community with a density of 4 to 6 units per acre, senior living accommodations, town homes, and multifamily housing with a density of up to 20 units per acre. Also, Commercial, or a mix of the two. Situated along Babcock Street, a well-traveled thoroughfare in Southeast Palm Bay, this property benefits from its proximity to planned future widening projects. The expansion is a response to the growing number of residents in the area, access to major infrastructure and with the newly built I-95 interchanges (166 and 173) nearby are the key features of this location. Discover a prime real estate opportunity in the thriving city of Palm Bay, Florida. This remarkable property offers 18 acres of unentitled land, providing a blank canvas for single or multi-use development. Whether you seek a substantial parcel or a more tailored portion, this offering can be divided into 4-14 or 5-13-acre plots, allowing for endless possibilities. The future potential for this land is vast, making it an attractive investment opportunity. Consider the various prospects: a quaint 55+ community with a density of 4 to 6 units per acre, senior living accommodations, town homes, and multifamily housing with a density of up to 20 units per acre. Situated along Babcock Street, a well-traveled thoroughfare in Southeast Palm Bay, this property benefits from its proximity to planned future widening projects. The expansion is a response to the growing number of residents in the area, access to major infrastructure is a key feature of this location, with the newly built I-95 interchanges (166 and 173) nearby. Additionally, Palm Bay Hospital, and major retail giants such as Walmart, Publix, Home Depot, and Lowes, are all just minutes away. Babcock Street serves as a crucial route to destinations southward to Micco, Fellsmere, and Sebastian, and northward to Melbourne. Palm Bay itself is experiencing significant growth and is strategically positioned in eastern central Florida, making it an ideal hub between Jacksonville and Miami. With its proximity to Orlando, just an hour's drive west, and its easy access to major highways, The current land use is residential, with zoning subject to your desired specifications. Utilities are close by, and the city gives concessions for the cost through credit on impact fees and future rebates. To explore this unique opportunity further, take advantage of our 30-day free look period. For inquiries and additional information, please contact Vahid Rajabian at 321-333-7230 or via email at vahid@palmbayland.com. Invest in the future of Palm Bay, where growth knows no bounds, and seize this exceptional real estate offering today.

Property Details

Property Features

Listing Office:

  • Office Name: M. David Moallem, Inc
  • Office Phone: (321) 724-2424
  • Listing Agent: Vahid Reza Rajabian

Virtual/3D Tour

  • Virtual Tour: 6950 Babcock St SE
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Lot Features

Lot Information:

  • Lot: Corner Lot, Split Possible, Wooded
  • Lot Size: 18.27 Acres

Other

Directions Information:

  • Directions: I-95 to Malabar East, right at Babcock property is on the NW corner of Babcock and Agnes.

Price Information

Listing Price Info

Price Summary:

  • List Price: $4,950,000
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Housing Market Comparison

See how this home compares to others in Palm Bay, FL.

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Palm Bay, FL

City

Med. Sold Price

$330.1K

Med. Price/SqFt

$193

Avg. Days On Market

71

# of Sold Homes

174

6950 Babcock St SE vs Palm Bay

240 DAYS ON ROCKET

+169 Days

$4,950,000

+$4.6M More

KEY TAKEAWAY

This property is $4.6M more than the Median Sold Price in Palm Bay, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Space Coast MLS (Space Coast Association of REALTORS®)
  • MLS Number: #1012051

Listing Office:

  • Office Name: M. David Moallem, Inc
  • Office Phone: (321) 724-2424
  • Listing Agent: Vahid Reza Rajabian

IDX Copyright © 2024 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Space Coast Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/21/2024, 11:51:07 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$24.7K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$14.9K

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-824389
4
/10

  • Columbia Elementary School

  • 1225 Waco Blvd SE

  • 0.98 miles

  • Public District Grades PK-6

school-card-donut-824390
6
/10

  • Odyssey Preparatory Charter Academy

  • 1350 Wyoming Dr SE

  • 1.72 miles

  • Public Charter Grades KG-6

school-card-donut-824391
6
/10

  • Port Malabar Elementary School

  • 301 Pioneer Ave NE

  • 2.15 miles

  • Public District Grades PK-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $34,537. Typical income of Palm Bay, FL residents is less than $35k annually. The majority of families are single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Living In Palm Bay, FL

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

Types of housing in Palm Bay, FL.

Palm Bay's housing market is diverse, offering a range of options from single-family homes to multi-family units. The architectural styles vary, with a noticeable presence of contemporary and ranch-style homes. The area has seen growth with new developments complementing the existing housing stock, which includes homes built from the 1970s onwards. The homeownership rate in Palm Bay is robust, reflecting a community invested in property ownership and stability.

What is it like to live in Palm Bay, FL?

Palm Bay is celebrated for its laid-back coastal lifestyle and natural beauty, with numerous parks and outdoor recreational opportunities. The community prides itself on a family-friendly atmosphere, with events like the Palm Bay Fair that highlight local culture and bring residents together. The city's character is further defined by its proximity to the Indian River Lagoon, appealing to those who appreciate water activities and conservation efforts.

Is it easy to get around Palm Bay, FL without a car?

The city of Palm Bay is served by a network of public schools, including elementary, middle, and high schools, as well as private educational institutions that cater to a range of learning preferences. Healthcare services are accessible, with facilities offering urgent care, primary care, and specialized medical services. The public library system supports lifelong learning and community engagement. Retail and dining options in Palm Bay reflect the local culture, with a mix of familiar chains and unique local establishments.

Transportation in Palm Bay, FL.

Transportation in Palm Bay includes a public bus system with established routes that connect key areas of the city. Ride-sharing services are available, providing additional options for residents and visitors. The city's layout and infrastructure support a car-dependent lifestyle, with major roads and highways facilitating travel to nearby cities and attractions. Efforts to enhance walkability and bikeability are ongoing, aiming to improve the overall accessibility of the city.

Frequently Asked Questions About 6950 Babcock St SE

What is the listing price of this property?

The listing price of 6950 Babcock St SE property is $4,950,000.

What type of property is this?

The property 6950 Babcock St SE is land located in Palm Bay, Florida, 32909.

Is this property for sale now?

Active Listing: 6950 Babcock St SE is For Sale (Active/New) which means the seller is accepting offers.

How much acreage is this property?

The property 6950 Babcock St SE is 18.27 acres.
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Rocket Homes›Florida›Brevard County›Palm Bay›32909›6950 Babcock St SE

This home is located at 6950 Babcock St SE in Palm Bay, FL and zip code 32909. This home sits on a 18.27 acre lot. It has been listed on Rocket Homes since April 26, 2024 and is currently priced at $4,950,000.

In November 2024 more than 11 listings in Palm Bay, FL were sold above the asking price. During the same period more than 78 listings were sold at asking price, while more than 85 were sold below. The number of listings in Palm Bay, FL increased by 5% between October 2024 and November 2024. In November 2024 median list price was $330,166 and the average listing age was 71 days.

From Rocket Homes Real Estate and based on county public records data.

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