For SaleSingle Family Home
$355K
1032 Welco Street SE, Palm Bay, FL 32909
Palm Bay - St. Johns Heritage Parkway neighborhood
Subdivision: Port Malabar Unit 17
4
Bedrooms
2
Bathrooms
1,620
Sq Ft
2026
Year Built
$219 /sqft

About This Property

Description from listing agent

Be among the first to own a brand-new 4-bedroom, 1,620 sq. ft. home in Southeast Palm Bay, completing in February 2026. This thoughtfully designed new construction features an open-concept living area with soaring vaulted ceilings, creating a bright and spacious feel throughout. Enjoy granite countertops in the kitchen and baths, top-of-the-line cabinetry, and modern finishes that blend style with everyday functionality. Impact windows provide added storm protection, energy efficiency, and peace of mind. Early opportunities like this are limited—secure one of the first homes completed in this growing area and enjoy the benefits of brand-new construction, contemporary design, and long-term value. Act now before availability is gone. Exact exterior finishes may be different than the photos. Additional photos to follow.

Space Coast Context

🚀 Launch Viewing — Fair Views

42.9 mi from SLC-40

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

Aerospace Commute Guide
L3Harris10.7 mi~24 min
Northrop12.7 mi~28 min
Blue Origin36.9 mi~1h 22m
SpaceX38.1 mi~1h 25m
Lockheed38.1 mi~1h 25m
Boeing/KSC39.7 mi~1h 28m
KSC40.2 mi~1h 30m

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.

Offer Intelligence

Based on 34 comparable sales in this area in the last 180 days.

Price vs. Comparable Sales
At market value
Median comparable close price: $345,000
Typical Offer Discount
99.3% of list price
At that rate, a competitive offer ≈ $352,589
Price Reductions
No reductions
Listed price has not changed since hitting the market
See & adjust the 34 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
0.23 acres (10,019 sqft)
Full Baths
2
Garage
2 car (attached)
Days on Market
206
MLS Area
343 - SE Palm Bay

Schools

Elementary

Columbia

Middle School

Southwest

High School

Bayside

Financial & Listing Details

Listed
Dec 27, 2025
Parcel #
29-37-20-Gq-00855.0-0006.00
$355K

Listing Agent (for property info)

J
Justin S Simons
Real Broker, LLC
618-444-7760
Call Listing Agent

Estimated Monthly Payment

$2,375/mo
Principal & interest
$1,870
Property taxes
$355
Insurance
$150

Based on a 6.90% rate, 30-year loan, and $355K price — down payment shown: $71,000.

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# 1065020

Interested in this property?

Equal Housing Opportunity

MLS# 1065020 · Listing Broker: Real Broker, 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.