PALMBAYLAND.COM
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M. David Moallem Properties, Inc

Your Best Resource for Palm Bay Lots and Land

Moallem Lot Advantages

Buy with confidence

View our policies and guarantees
  1. Nine days no questions asked cancellation and refund on your contract
  2. All our buildable lots may be exchanged at ANY TIME upon your request within our available inventory*
  3. Easy in-house owner financing
  4. Second to none: largest available inventory
  5. Fair market pricing
  6. Knowledgeable team and priceless advice to select the best choice for you and guarantee to exchange it upon request
Again, buy with confidence! Join the family of tens of hundreds of our happy customers. We are the best source for Palm Bay oversize lots and tracts.
Over 1000 lots sold in 2021.

*A price adjustment and actual closing costs may apply for size and location of the lots being exchanged

About Palm Bay
Palm Bay City Hall

Palm Bay is the most populous city in Brevard County, Florida, with 130,000 residents. Incorporated in 1960, it spans 68.86 square miles with lots of land to build your home or business! Palm Bay was ranked the nation's 11th most innovative city in 2010 by Forbes Magazine and boasts many high tech employers including L3Harris Technologies, Intersil, and Palm Bay Hospital. See the city's natural beauty by visiting Palm Bay Regional Park, Turkey Creek Sanctuary, or Valkaria Gardens. Outdoor enthusiasts can enjoy many recreational services from local businesses like Palm Bay Marina, The Majors Golf Club, and Hurricane Paintball Park.

There is so much to see and do that the official Palm Bay motto is "A Perfect Place to Grow."

Click for Website Tutorial

Click for Real Estate News 6-12-2023 | commercialobserver.com:
New York residents continue to fly south to Florida.

1-2-2022 | Floridatrend.com:
Florida remains top destination spot in great covid migration

12-20-2021 | Floridatrend.com:
Some non-buyers regret sitting on the sidelines

12-13-2021 | Floridatrend.com:
Home sales and price growth to slow in 2022, experts say

3-22-2021 | Floridarealtors.org:
The Florida market gets More Sales as New-Home Sales Plunge nationally.

Price Guide

2023 Palm Bay Lots Prices & Policies

Moallem Properties
Three images of the building process which includes lot clearing, construction, and finally a finished home.
Office: 321.724.2424
Palm Bay Lots
Palm Bay Land
www.palmbayland.com
Price varies by unit
Please see below
Fax: 321.951.8861
Standard Lot Size is
80' x 125' = 10,000 sq. ft.
Base prices for the first 10,000 square feet*
Unit 49: $4.00/sq. ft.
Units 15, 17, 18, 19, 20, 22, 23, 24, 25, 30, 32, 36, 37 $4.40/sq. ft.
Units 13, 14, 26, 39, 41, 42, 44, 50 $5.20/sq. ft.
Unit 21: (140 Donna Rd. NE) $73,625 for 87' x 125' lot
Unit 40 commercial/multifamily: $350,000 / acre
* Additional acreage beyond 10,000 sq. ft. priced at $3.00 / sq. ft.
Add for Most City Water Lots: $15,000
Add for Most City Water and Sewer Lots: $25,000
City Water & Sewer Units: Units: 5, 7, 8, 9, 13, 38 and 40
City Water Units Unit: 10, 11, 12, 16, 21, 28, 31, 42, 44, 46, 48, 50
Units 51, 52 & 53 Not Buildable. We may trade with others or buy it from you.
Typical prices are not negotiable. If you enjoy negotiating, add $1,000 to the price.
OWNER FINANCING Available: Typical monthly payment is $13.22/month for every $1,000 financed for 10 years amortization at 10% interest with minimum 20% Down Payment. No pre-payment penalty. No balloon. There will be a 10-point fee added to the financed amount at closing. Cash prices are for 30-day closings.
  • Exceptional Lots are priced individually
  • For side and rear canal lots deduct $4,000
  • Acreage and Oversized lots priced individually, typically at $3.00/sq. ft. above 10,000 sq. ft.
  • All lots are guaranteed buildable, unless otherwise noted in the contract. All buildable lots may be exchanged within our inventory at your request, subject to certain rules and restrictions and closing costs.
  • Exchange: Minimum $5,000 exchange fee (if not previously purchased from our inventory by current owner). Exchange fee includes Title Insurance.
WE BUY – SELL AND TRADE LOTS!!!! * We have 2,300 +/- Lots in our inventory,
Many of which are in units 51,52, and 53.
All lot prices and rebates are subject to change without notice.
Our plaza location is at the corner of Malabar Rd. and Babcock St.
1663 Georgia Street N.E. Suite 700 Palm Bay, FL 32907
David Moallem Direct: 321.626.3590
E-Mail: palmbayland@gmail.com
Vahid Rajabian Direct: 321.333.7230
E-Mail: vahid@palmbayland.com
Updated 10/18/2023
The M. David Moallem Inc. logo is a gold lion on a black field.

OWNER-FINANCING INFORMATION & GUIDELINES

Moallem Properties
PALM BAY LAND & LOTS
All owner financing is funded by David Moallem Trust.
  1. The interest rate is 10% APR.
  2. Amortizations up to 10 years.
  3. There is no pre-payment penalty and no balloon.
  4. Calculate monthly payments as $13.22 per $1,000 financed at 10%. Monthly payments can be paid be Zelle, check, or money order to David Moallem.
  5. Buyer needs to fill out a simple application and we need a copy of the buyer's ID.
  6. There is a $50 application fee per person. We may pull credit most of the time.
  7. There is a 10 point charge added to financed amount at the time of closing that may be added to the loan amount. For example, if you are owner-financing $20,000, the loan amount will be $22,000.
  8. Minimum down payment is $5,000 or 20%, whichever is greater.
  9. You get an option contract with minimum down payment.
  10. We close the transaction and transfer title once 30% of the purchase price has been received.
  11. If you fail to make timely payments, your contract may be canceled and all your payments will be forfeited.
  12. Buyer is responsible for property taxes and other ownership obligations as of the day the contract is executed.
Contact: David Moallem
1663 Georgia Street N.E. Suite 700 Palm Bay, FL 32907
Phone: 321.724.2424   Cell: 321.626.3590
Website: palmbayland.com   email: palmbayland@gmail.com
Updated 11/17/2023

Contact Us
Vahid in front of a white house. Click to view profile.
David outside his store front. Click to view profile.
M. David Moallem
  • Licensed Real Estate Broker
  • 📱 (321) 626-3590
  • 📞 (321) 724-2424
  • ✉️ palmbayland@gmail.com

David Moallem is a veteran of the Real Estate industry, with over 36 years of experience. His formal education was in Mathematics and Chemistry and he has received two Masters of Science degrees in Systems Engineering and Engineering Management from Florida Institute of Technology.

He is a former CCIM with a concentration in investment Real Estate. David has bought and sold over 10,000 properties.

His hobbies and interests are varied (other than Real Estate) and include reading about history, scuba diving, driving and model car collecting.

Contact David
Joan Moallem
  • Office Manager
  • 📞 (321) 724-2424
  • 📠 (321) 951-8861
  • ✉️ Joan@PalmBayLand.com

I am the Office Manager and the wife of David Moallem. It is my responsibility to assure that everything is properly taken care of here in the office and that all aspects of the office are run correctly. It is my pleasure to help you with any questions that you may have.

Contact Us
Doughlas M. Setzer
  • Broker's Assistant
  • 📞 (321) 724-2424
  • 📠 (321) 951-8861
  • ✉️ Doug@PalmBayLand.com

Doughlas M. Setzer has known David and Joan Moallem for over 18 years, and now works with them in the office to help day to day operations. He takes pride in being a loving husband to his wife Missi and father to their two beautiful children and being part of the Brevard County community to which he applies himself as a local Freemason, holding the title of Master of his Masonic Lodge in the year 2016. He is also a member of AZAN Shrine, helping burned and crippled children access healthcare at no charge to them and their families. Doughlas is also a big advocate for Law Enforcement and First Responders. Feel free to reach out to Doug for any questions that you may have!

Contact Us
Vahid Rajabian
  • Lot Sales Specialist
  • 📱 (321) 333-7230
  • 📠 (321) 951-8861
  • ✉️ Vahid@PalmBayLand.com

Vahid is a family man with his wife, Marjan, and two kids Satiar and Setareh. They made the move from Orlando to Palm Bay in 2003, one year after starting his position with Moallem Properties when his daughter was born. He's our lot sales specialist and he's ready to help find properties that suit your needs. Vahid is knowledgeable of the Palm Bay area and upcoming city projects. He also knows the advantages of owning lots adjacent to your home and other valuable information to help you make the right choice, like purchasing for your next home site or for investment. Vahid also works with builders in the area to find them multiple lots for potential clients. He will explain the process and prepare a Contract for Sale and Purchase for you to own your property. Schedule a meeting with Vahid on his direct line today as there are different purchase options for the buyer to acquire real estate, and right now is the best time to buy land in Palm Bay.

Contact Vahid

Office: (321) 724-2424   Fax: (321) 951-8861


We Welcome Your Suggestions!

Our Office is located on 1663 Georgia St NE #700, Palm Bay, FL. 32907 across from Malabar Rd just east of I-95 exit 173.

Call 321-724-2424 to schedule an appointment today!