About This Property
Description from listing agentNew Construction Duplex | Investment Opportunity | Palm Bay Multifamily Zoning Don't miss this to-be-built duplex in a rapidly growing Palm Bay location--perfect for investors or owner-occupants looking to generate income. Each unit will feature 3 bedrooms, 2 bathrooms, and ~1,800 sq ft, with open-concept layouts, modern finishes, and a private garage. Designed for today's lifestyle, this property offers strong rental appeal and long-term value. Zoned multifamily, with the potential to build up to 4 units, making this a rare opportunity to maximize returns. Estimated 4-6 month build time, giving buyers the ability to secure new construction without extended delays. Ideal for: House hacking (live in one, rent the other) Long-term rental income Future expansion or resale flexibility Seller is open to multiple options, including construction-to-perm financing or purchase of land, plans, and permits. Prime opportunity to build equity and cash flow in Palm Bay.
Space Coast Context
🚀 Launch Viewing — Fair Views
43.6 mi from SLC-40
43.6 miles from SLC-40 — visible as a bright streak in good conditions.
Estimates only — verify with Google Maps.
Flood Risk
Moderate flood risk (0.2% annual chance). Flood insurance is optional but advisable.
Estimated flood insurance: $800 – $2,500 / yr — varies by coverage, elevation & insurer
Source: FEMA National Flood Hazard Layer. Insurance estimates are ranges only — get a quote for accurate pricing.
Offer Intelligence
Price history and market context for this listing.
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.
Location
Get DirectionsAdditional Details
Schools
Elementary
Sunrise
Middle School
Southwest
High School
Bayside
Financial & Listing Details
Listing Agent (for property info)
Estimated Monthly Payment
- Principal & interest
- $3,082
- Property taxes
- $585
- Insurance
- $150
Based on a 6.90% rate, 30-year loan, and $585K price — down payment shown: $117,000.
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.
