About This Property
Description from listing agentThe Clearmont St NE tract is a permit-ready multifamily development site in northeast Palm Bay: 3.52 acres zoned RM-15 with High Density Residential future land use. Multifamily is permitted by right at 15 units per acre, a yield of up to 52 units. Ownership holds an engineered plan set for the tract. The tract is irregular in shape, about 620 feet long and 300 feet at its widest, with about 150 feet of frontage on Clearmont St NE, a four-lane divided road. It is wooded and unimproved. City of Palm Bay water, sewer, and reclaimed water are at the street. Flood Zone X, with no wetland mapped on the National Wetlands Inventory layer.
Space Coast Context
🚀 Launch Viewing — Fair Views
37.1 mi from SLC-40
37.1 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.
Price History
- 10/13/26Listed$1.5M
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.
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
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Schools
Elementary
Palm Bay Elem
Middle School
Stone
High School
Palm Bay
Financial & Listing Details
Estimated Monthly Payment
- Principal & interest
- $7,903
- Property taxes
- $1,500
- Insurance
- $150
Based on a 6.90% rate, 30-year loan, and $1.5M price — down payment shown: $300,000.
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.
