4191 Corey Road, Malabar, FL 32950 (MLS # O6366691)

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View Virtual Tour PRICE $729,500 BEDS 5 BATHS 3 HOME SIZE 2,312 sqft LOT SIZE 2.41 ac Request More Info Schedule a Showing

Experience the beauty of Old Florida on 2.4 acres surrounded by granddaddy oaks, lush greenery, and endless possibilities. A stately oak-lined driveway leads to this unique two-story home elevated on solid cement posts, offering 4,332 total square feet and 2,312 square feet of living area. Upstairs features 4 bedrooms, 2 beautifully updated baths, and a newly renovated kitchen completed in 2024, all easily accessed by a private elevator/dumbwaiter. Major improvements include a newer roof (2022), HVAC (2022), updated electric (2022), double-paned front windows (2023), Pergo flooring (2023), gutters (2023), new banisters and railings (2024), a sundeck off the kitchen (2024), a screen enclosure (2024), new drain fields (2024), a new water filtration system (2024), interior and exterior paint (2024), updated bathrooms (2025), new doors (2025), and a new washer (2025). The finished lower level offers remarkable flexibility, featuring an additional bedroom and full bathroom, ideal for a private in-law suite, dedicated home office, fitness room, game room, or workshop. Outdoor amenities further enhance the property's appeal, including a 4-stall horse stable with electric, a spacious 10' x 20' shed, a chicken coop with 11 active hens producing roughly a dozen eggs weekly, and goats with babies that may remain with the property or be rehomed if desired. The expansive acreage provides abundant space for RVs, trailers, equipment, and agricultural use, offering excellent income-producing potential through boarding, small livestock, or other homestead-based ventures. The front 1.25-acre also offers an excellent opportunity to build an additional residence. This prime Malabar location places you just 2 miles from the Valkaria Airport and The Habitat at Valkaria Golf Course, 3.5 miles from the Indian River's fishing pier and boat ramp, 9 miles from Melbourne Beach, and approximately 20 miles from the world-renowned Sebastian Inlet, with the beloved annual Seafood Festival held each March. Additional advantages include agricultural/residential zoning with low taxes, a variety of tropical fruit trees, dual access from both the front and rear of the property, and no flood insurance requirement, with an impressively low annual premium of approximately $2,700. This exceptional estate blends unmatched versatility, privacy, and the natural beauty of Florida's east coast. A home this unique is truly hard to find, and it's rare to see a property like this hit the market! Don't miss your chance to check it out before it's gone. Call today to schedule a private showing!