20-Lot Single Family Residential Development – Space Coast
Tropical Palms Subdivision – Builder Opportunity Merritt Island, FL
Marketing description
Katalyst is pleased to present a prime, single-family development opportunity in Merritt Island, FL.
Located in a well-established residential market with strong demand for new housing, Tropical Palms will be delivered fully approved and engineered for development, allowing builders to proceed without entitlement delays. Tropical Palms consists of 20 single-family lots, each 66 feet wide with a minimum lot size of 6,600 sq. ft., designed to accommodate a variety of home styles within a conventional subdivision layout.
Investment highlights
Final PUD Approval Expected in Q4 2025 – The project is in the entitlement process, with full PUD approval anticipated by late 2025, allowing for 20 single-family homes in a well-located residential market.
Delivered Shovel-Ready – Fully engineered and designed subdivision, minimizing entitlement risks and reducing development timelines for builders, Designed to accommodate both national and regional homebuilders.
Strategic Location – Situated in Merritt Island, FL, a growing residential corridor with proximity to Kennedy Space Center, Port Canaveral, and Cocoa Beach, supporting continued housing demand.
Efficient Site Plan – 7.71-acre community with 20 single-family lots, each 66 feet wide with a minimum lot size of 6,600 sq. ft., designed for modern home layouts.
Zoning & Land Use – Proposed PUD zoning
Setbacks for Development –
Front Yard: 20 ft.
Rear Yard: 20 ft.
Side Yard: 7.5 ft.
Street Side: 15 ft
This builder-ready project offers an opportunity to capitalize on a high-growth market with minimal entitlement risk and pre-approved development parameters.
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