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For SaleSingle Family Home
$500K
757 Penguin Avenue NE, Palm Bay, FL 32907
Northwest Palm Bay neighborhood
Subdivision: Port Malabar Unit 45
4
Bedrooms
2
Bathrooms
2,402
Sq Ft
1987
Year Built
$208 /sqft

About This Property

Description from listing agent

**$Offering up to $15,000 towards buyer's closing costs/ interest rate buy down!!!*** Updated pool home on .39 acres in desirable Lockmar Estates! Enjoy privacy & NO HOA! This home features an oversized driveway & a double gated fully fenced yard offering easy access & plenty of space for boat storage, RVs, vehicles & more! This beautiful move-in ready home provides the perfect blend of comfort & peace of mind with great updates: New Roof 2025, New Septic & Drainfield 2022, AC 2021, Whole Home Filtration System, Water Heater 2023, Impact Windows & more! The versatile floorplan offers plenty of room for family or guests with 4 well appointed bedrooms & 2 large bathrooms. The fully fenced backyard with new pavered patio is a tropical oasis perfect for relaxing or entertaining. The large saltwater pool boasts an oversized screened enclosure & new salt system, pump & filter (2021). This home is close to I-95, shopping, restaurant & a short drive to area beaches!

Space Coast Context

🚀 Launch Viewing — Fair Views

38.1 mi from SLC-40

38.1 miles from SLC-40 — visible as a bright streak in good conditions.

Aerospace Commute Guide
L3Harris6 mi~13 min
Northrop8 mi~18 min
Blue Origin32.3 mi~1h 12m
SpaceX33.3 mi~1h 14m
Lockheed33.3 mi~1h 14m
Boeing/KSC34.8 mi~1h 18m
KSC35.1 mi~1h 18m

Estimates only — verify with Google Maps.

Flood Risk

Flood zone data not yet available for this listing. Check FEMA Flood Map

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

Price History

Date
Event
Price
  • 3/30/26
    Listed
    $500K
    $208/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

Based on 3 comparable sales in this area in the last 180 days.

Price vs. Comparable Sales
22.0% above median
Median comparable close: $410,000 — premium may reflect unique features not captured in automated comps
Typical Offer Discount
97.0% of list price
At that rate, a competitive offer ≈ $484,855
Price Reductions
No reductions
Listed price has not changed since hitting the market
See & adjust the 3 comparable sales used

Uncheck any home you don't consider comparable — the median updates instantly.

The median is weighted: nearer sales count more than distant ones, and comps marked recent (sold in the last 90 days) count 2×. Comps farther than 3 miles are flagged — a longer distance usually means few nearby sales were available.

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
0.39 acres (16,988 sqft)
Full Baths
2
Garage
2 car
Pool
Yes
Days on Market
154
MLS Area
340 - NE Palm Bay

Schools

Elementary

Lockmar

Middle School

Central

High School

Palm Bay

Financial & Listing Details

Listed
Mar 31, 2026
Parcel #
28-37-30-Kp-02440.0-0005.00
$500K

Listing Agent (for property info)

A
Angelique Jones
Keller Williams Realty Brevard
325-280-8386
Call Listing Agent

Estimated Monthly Payment

$3,284/mo
Principal & interest
$2,634
Property taxes
$500
Insurance
$150

Based on a 6.90% rate, 30-year loan, and $500K price — down payment shown: $100,000.

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.

MLS# 1073277

What's Nearby

schools
Lockmar Elementary School
0.7 mi away
schools
Christa McAuliffe Elementary
0.9 mi away
schools
Pineapple Cove Classical Academy
1.1 mi away
fire stations
Palm Bay West Fire / Rescue Station 83
1.2 mi away
government
Palm Bay City Hall
1.4 mi away
restaurants
Pollo Tropical
1.4 mi away
government
City Of Palm Bay Utilites Department
1.4 mi away
restaurants
Culver's
1.4 mi away

Interested in this property?

Equal Housing Opportunity

MLS# 1073277 · Listing Broker: Keller Williams Realty Brevard · 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.