About This Property
Description from listing agentTurnkey investment opportunity featuring six fully rented 3-bedroom, 2-bath condos, each producing positive cash flow. All units offer interior laundry rooms with stacked washer/dryers and have effective dates of 2022-2023. Recent improvements include replaced appliances throughout, new bathroom tile, luxury vinyl plank flooring in five units, and newly installed porcelain tile in the sixth. A/C systems in five condos were replaced between 2020-2022; the remaining unit has been inspected and is functioning well. HOA dues are $367 per unit and include water, sewer, master insurance, cable, internet, grounds maintenance, and pool maintenance. Additional capital improvements include a 2025 roof replacement and scheduled exterior painting in May 2026. Unit 201 also received new appliances and fresh interior paint in May 2026. A strong, income-producing portfolio with major updates already completed.
Space Coast Context
🚀 Launch Viewing — Fair Views
37.4 mi from SLC-40
37.4 miles from SLC-40 — visible as a bright streak in good conditions.
Estimates only — verify with Google Maps.
Flood 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
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
Community & HOA
HOA
- Name: Diversified Property Management
- Fee: $367 / monthly
Schools
Elementary
Rivieria
Middle School
Stone
High School
Palm Bay
Financial & Listing Details
Estimated Monthly Payment
- Principal & interest
- $5,264
- Property taxes
- $999
- Insurance & HOA
- $517
Based on a 6.90% rate, 30-year loan, and $999K price — down payment shown: $199,800.
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.
