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For SaleSingle Family Home
$264K
2566 Spence Drive NE, Palm Bay, FL 32905
Palm Bay Waterfront neighborhood
Subdivision: Fairview Resubd
3
Bedrooms
3
Bathrooms
1,100
Sq Ft
1952
Year Built
$240 /sqft

About This Property

Description from listing agent

Welcome to a charming NO HOA neighborhood! Immaculate and move-in ready, this beautifully remodeled 3-bedroom, 2.5-bath home offers a spacious layout, beautiful kitchen, and large yard. The backyard features a gazebo and fire pit, with plenty of room for a future pool and a productive garden. Just minutes from the beach and only a few hundreds yard from scenic Riverview Drive and the Indian River Lagoon. Enjoy nearby kayak and boat launches, Riverview Park, the Downtown Melbourne Farmer's Market, Victoria Park playground, and the Ted Moorhead Lagoon House. Originally built in 1952, the home was completely renovated down to the studs in 2022, offering the feel of a newly built home. A detached laundry building includes washer, dryer, and a convenient half bath--especially useful if a pool is added. Roof 2022, HVAC 2022, water heater 2023. Some photos have been virtually staged for illustrative purposes. Furnishings and décor shown may not be present in the home.

Space Coast Context

🚀 Launch Viewing — Good Views

34.7 mi from SLC-40

34.7 miles from SLC-40 — visible on clear days, especially at night.

Aerospace Commute Guide
L3Harris3.6 mi~8 min
Northrop5 mi~11 min
Blue Origin28.6 mi~1h 4m
Lockheed29.8 mi~1h 6m
SpaceX29.9 mi~1h 7m
Boeing/KSC31.9 mi~1h 11m
KSC32.5 mi~1h 12m

Estimates only — verify with Google Maps.

Flood Risk

Zone X — Minimal Risk

Outside the Special Flood Hazard Area. Flood insurance is optional but recommended.

Estimated flood insurance: $500 – $1,200 / yr — varies by coverage, elevation & insurer

Source: FEMA National Flood Hazard Layer. Insurance estimates are ranges only — get a quote for accurate pricing.

Price History

Date
Event
Price
  • 9/18/26
    Price change
    $264K -1.9%
    $240/sqft
  • 8/19/26
    Listed
    $269K
    $245/sqft

Tracked by MaxxCity from the date each listing first appeared in our system — earlier history isn't available from the MLS feed.

Offer Intelligence

Price history and market context for this listing.

Price Reductions
1 reduction
Originally listed at $269,000 · Cut $5,000 total
How we match comps

Comps are pulled directly from the Space Coast MLS — sold sales only, closed within the last 180 days. We apply hyper-local matching criteria in this order:

  • ✓Same property type, always (single family, condo, townhouse, etc.)
  • ✓Single-story homes compared only to single-story (and multi to multi)
  • ✓Exact bedroom count
  • ✓Bathrooms within ±0.5
  • ✓Garage spaces within ±1
  • ✓Pool status must match
  • ✓Waterfront status must match
  • ✓HOA must match (HOA community vs. no HOA)
  • ✓Price within ±5–20% of list price (tightest in early tiers)
  • ✓Square footage within ±10–25% (tighter in early tiers)
  • ✓Year built always within ±5–20 years (never dropped)

We search in tiers, expanding the radius only as needed — starting in the same subdivision within 1 mile, then 2 miles, then the same neighborhood within 3 miles, and the same zip code within 5 miles as a last resort. For luxury homes ($5M+), where nearby comps are scarce, we widen the search to 5–20 miles. Year built is always required so comps are from the same era of construction. The median is weighted toward nearer sales, and sales within the last 90 days count 2× to reflect current market conditions.

Median estimate is based on similar active listings and homes that have sold within the last 180 days in this area, as reported through Brevard MLS. This is not an appraisal or a Comparative Market Analysis (CMA). Before making an offer, work with a licensed real estate agent to obtain a CMA, or hire a certified real estate appraiser for an independent valuation.

Additional Details

Lot Size
0.22 acres (9,583 sqft)
Full Baths
2
Half Baths
1
Days on Market
55
MLS Area
340 - NE Palm Bay

Schools

Middle School

Stone

High School

Palm Bay

Financial & Listing Details

Listed
Aug 19, 2026
Parcel #
28-37-11-76-0000e.0-0016.00
$264K

Listing Agent (for property info)

A
Anne Melody Silaghi
Avanti Way Realty LLC
321-447-0280
Call Listing Agent

Estimated Monthly Payment

$1,805/mo
Principal & interest
$1,391
Property taxes
$264
Insurance
$150

Based on a 6.90% rate, 30-year loan, and $264K price — down payment shown: $52,800.

This is a quick estimate only — it does not include items like mortgage insurance, closing costs, or rate-lock terms. For an accurate payment based on your credit and finances, get pre-qualified with a certified bank or licensed mortgage brokerage.

MLS# 1085451

What's Nearby

police
Melbourne Police Department
0.4 mi away
schools
Stone Middle School
0.5 mi away
schools
Stone Middle School
0.6 mi away
schools
Melbourne Central Catholic High School
1.4 mi away
restaurants
Island Root Kava Bar
1.5 mi away
coffee shops
Island Root Kava Bar
1.5 mi away
fire stations
Melbourne Fire Department Station 5
1.5 mi away
fire stations
Melbourne Fire Department Station 5
1.5 mi away

Interested in this property?

Equal Housing Opportunity

MLS# 1085451 · Listing Broker: Avanti Way Realty LLC · IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS. Listing information provided by Space Coast Association of REALTORS® and the Space Coast MLS. © 2026 Space Coast Association of REALTORS®. All rights reserved. · MaxxCity Realty LLC · Licensed in Florida.