Under contract-accepting backup offers. Welcome to Port Malabar, nestled in the heart of beautiful Palm Bay, in Brevard County, Florida. This charming community offers the potential for a perfect blend of tranquility and convenience, making it an ideal place to call home. Port Malabar is known for its lush green spaces and peaceful atmosphere while still being close to all the amenities and attractions that Palm Bay has to offer. With easy access to major highways, shopping centers, dining options, and top-rated schools, Port Malabar is a great choice. The lots in Units 51, 52 and 53 are not buildable at this time as General Development Corporation never completed the infrastructure. They put the roads in but then filed for bankruptcy before doing anything else. The city has not had the funds to improve the area so it remains as GDC left it. The area is known locally as “The Compound”. There are no street signs or stop signs installed on the roads. Although you may not be able to obtain a building permit yet, there is a market for these lots for long term investment or buyers who want a piece of land they can hang out on. The tax assessed value is low in this area so property owners can enjoy a relatively minimal tax bill each year. Possibilities are endless so check it out!