Palm Bay Lots & Land - Vahid Rajabian

Palm Bay Lots & Land - Vahid Rajabian "Palm Bay land specialist since 2003. Residential lots starting at $41,000 with owner financing. No bank required. 📞 321-333-7230 | palmbaylots-land.com"

Serving individuals, builders, hedge funds, and national homebuilders throughout Brevard County.

09/03/2026

Malabar Road is moving into its next phase. The City of Palm Bay has received Location Design Concept Acceptance for the Malabar Road PD&E Study (St. Johns Heritage Pkwy to Minton Rd), advancing plans to widen the corridor from two lanes to four with a shared-use path (Source: City of Palm Bay, FL). Builder activity has been notable nearby too — Lennar and NVR recorded $90M in home sales over the past 12 months in NW Palm Bay along the St. Johns Heritage Parkway corridor (Source: The Palm Bayer).

Listing spotlight: 328 Malabar Rd SE — a signalized commercial corner, approx. 1.75–2 acres, listed at $1,575,000.
https://www.crexi.com/properties/1510348/florida-328-malabar-road-se

Vahid Rajabian, Broker Associate | M. David Moallem, Inc. | License
321-333-7230

09/03/2026

Big infrastructure news for Palm Bay: the City just received $3.5 million from Florida's Job Growth Grant Fund to extend water and sewer lines for the new Phoenix Business Park — a project expected to open the door to nearly 1,000,000 sq ft of future industrial and commercial space and 350+ new jobs (Source: Space Coast Daily, Sept. 2026). Growth like this is exactly why more buyers are taking a serious look at land here.

Speaking of land — here's a solid buildable lot in Palm Bay: 1257 Wabash Rd SE, a 0.23-acre residential lot with city water, cleared and filled, priced at $75,000. Owner financing available — call for terms.

📞 321-333-7230
🌐 palmbaylots-land.com

Vahid Rajabian, Broker Associate | M. David Moallem, Inc. | License

09/02/2026

Ever wonder what it means when a road project is "in a PD&E study"? It's the second of five phases FDOT uses to plan major road work — Planning, then PD&E (Project Development & Environment), Design, Right-of-Way Acquisition, and Construction (Source: FDOT District 7 Studies, "What is a PD&E Study?"). A project only reaches the Design phase after FDOT issues a Location & Design Concept Acceptance.

That's exactly where the Malabar Road corridor between St. Johns Heritage Parkway and Minton Road stands: FDOT granted Location & Design Concept Acceptance in December 2025, and the project has now moved into Design (Source: City of Palm Bay, Malabar Road PD&E Study page). Construction funding and timeline are not yet set.

For anyone evaluating land or commercial property along a corridor like this, knowing which phase a road project is in — and that reaching Design isn't the same as funded construction — matters for realistic planning.

Vahid Rajabian, Broker Associate | M. David Moallem, Inc. | License
321-333-7230

09/01/2026

Listing spotlight: 328 Malabar Rd SE, Palm Bay — a signalized commercial corner on approximately 1.75-2 acres, listed at $1,575,000 on Crexi. This corridor just saw a milestone: FDOT granted Location & Design Concept Acceptance in December 2025 to widen Malabar Road from St. Johns Heritage Parkway to Minton Road from two to four lanes, and the project has moved into the design phase (Source: City of Palm Bay, Malabar Road PD&E Study). For anyone evaluating commercial corners along this corridor, that's useful context on current infrastructure plans.

See the listing: https://www.crexi.com/properties/1510348/florida-328-malabar-road-se

Vahid Rajabian, Broker Associate | M. David Moallem, Inc. | License
321-333-7230

09/01/2026

Palm Bay's housing market hit a turning point at midyear: median home price eased to $315K and resale inventory climbed 73% year-over-year, giving buyers more room to negotiate after several tight years (Source: WFTV, citing Redfin data, 2026). Homes are also taking longer to sell, in the 78-90 day range. If you're weighing a sale or purchase in Brevard County, let's talk through what these shifts mean for your specific situation.

Vahid Rajabian, Broker Associate | M. David Moallem, Inc. | License
321-333-7230

09/01/2026

Big land move just south of Palm Bay: Kissimmee-based JTD Land Company paid $53 million cash for the 1,100-acre Sun Terra Lakes site on Babcock Street — entitled for 2,548 homes, a 125-acre private lake, and a gated active-adult section of about 1,200 homes. Groundbreaking is targeted for early 2027 (Source: GrowthSpotter, Aug. 3, 2026).

Land trades of this size are a good read on where builders expect Palm Bay-area demand to head next.

Vahid Rajabian, Broker Associate | M. David Moallem, Inc. | License
321-333-7230

08/30/2026

Quick Palm Bay market check: the average home price was $330K in July 2026, up 1.6% from a year ago, and homes are selling a bit faster too — a median 70 days on market over the past three months, down from 76 days last year. (Source: Redfin, Palm Bay housing market data, July 2026)

Zoom out to Brevard County and it's essentially flat: median sale price of $368,859 as of June 2026, down about 0.3% year-over-year. (Source: Redfin, Brevard County housing market data, June 2026)

Not a prediction, just today's numbers. The countywide figure is a starting point, not the answer for your street or parcel — if you want a read on your specific property, I'm happy to help.

Vahid Rajabian, Broker Associate | M. David Moallem, Inc. | License
321-333-7230

08/30/2026

Listing spotlight: 328 Malabar Rd SE, Palm Bay — a signalized commercial corner lot, approximately 1.75–2 acres. See current asking price on the Crexi listing linked below.

This corner sits on the Malabar Road corridor, where the City of Palm Bay has active roadway planning underway: a four-lane widening of St. Johns Heritage Parkway north of Malabar Road, and a separate Malabar Road PD&E study to Minton Road. (Source: City of Palm Bay, Public Works project pages)

https://www.crexi.com/properties/1510348/florida-328-malabar-road-se

Vahid Rajabian, Broker Associate | M. David Moallem, Inc. | License
321-333-7230

08/30/2026

Big land move just south of Palm Bay: Kissimmee-based JTD Land Company paid $53 million cash for the roughly 1,100-acre Sun Terra Lakes site on Babcock Street, approved for 2,548 homes plus a 25-acre commercial center. Groundbreaking is targeted for early 2027. (Source: GrowthSpotter, Aug. 3, 2026)

Another sign of continued builder interest in land along Brevard's southern growth corridor.

Vahid Rajabian, Broker Associate | M. David Moallem, Inc. | License
321-333-7230

08/28/2026

National builders keep putting real money into NW Palm Bay. Brevard County Clerk records show Lennar and NVR (Ryan Homes' parent company) recorded $90 million combined in home sales and lot acquisitions along the St. Johns Heritage Parkway corridor between March 2025 and March 2026 — 234 home sales and 42 lot-purchase tranches across five subdivisions. (Source: The Palm Bayer, March 19, 2026)

Locally, Ryan Homes is one of three builders (with Meritage Homes and Maronda Homes) building out the 885-lot Malabar Springs community at the west end of Malabar Road.

For anyone holding land in that corridor, this kind of steady builder appetite for finished lots is a fundamental worth knowing. I have a 12.78-acre parcel on Hillsdale Ave in Palm Bay, asking $1,698,090 — sized for this kind of build-out. Full listing: https://www.crexi.com/properties/992432/florida-1278-acre-hillsdale-ave-palm-bay

No price predictions here — just sharing what the public record shows.

Vahid Rajabian, Broker Associate | M. David Moallem, Inc. | License
321-333-7230

Address

1663 Georgia Street, NE Suite 700
Palm Bay, FL
32907

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