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For SaleSingle Family Home
$390K
1201 Gem Court, Palm Bay, FL 32907
Northwest Palm Bay neighborhood
Subdivision: Port Malabar Unit 48
4
Bedrooms
2
Bathrooms
1,836
Sq Ft
1988
Year Built
$212 /sqft

About This Property

Description from listing agent

Welcome home to this beautifully maintained 4-bedroom, 2-bath screened pool home tucked away on a quiet cul-de-sac! Situated on an oversized, fully fenced pie-shaped lot spanning more than one-third of an acre, this property offers plenty of room to relax, entertain, and enjoy Florida living. Major updates include a 2020 roof, impact-rated windows, and a 2025 water heater giving you peace of mind. Inside, you'll find a welcoming foyer leading to a spacious floor plan with an eat-in kitchen featuring granite countertops, a breakfast bar, ample cabinet space, and stainless steel appliances. The living areas flow seamlessly to the large screened lanai, complete with a custom bar and beverage refrigerator overlooking the sparkling salt water pool perfect for entertaining. The split floor plan offers a spacious primary suite, nicely sized secondary bedrooms, and the convenience of a dedicated pool bath. On city water with septic, offering a great combination of convenience and value.

Space Coast Context

🚀 Launch Viewing — Fair Views

37.5 mi from SLC-40

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

Aerospace Commute Guide
L3Harris5.8 mi~13 min
Northrop7.8 mi~17 min
Blue Origin31.9 mi~1h 11m
SpaceX32.7 mi~1h 13m
Lockheed32.8 mi~1h 13m
Boeing/KSC34 mi~1h 16m
KSC34.3 mi~1h 16m

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.

Price History

Date
Event
Price
  • 8/22/26
    Price change
    $390K -2.5%
    $212/sqft
  • 7/25/26
    Listed
    $400K
    $218/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
At market value
Median comparable close price: $399,000
Typical Offer Discount
99.1% of list price
At that rate, a competitive offer ≈ $386,612
Price Reductions
1 reduction
Originally listed at $400,000 · Cut $10,000 total
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
0.35 acres (15,246 sqft)
Full Baths
2
Garage
2 car
Pool
Yes
Days on Market
11
MLS Area
344 - NW Palm Bay

Schools

Elementary

Discovery

Middle School

Central

High School

Heritage

Financial & Listing Details

Listed
Aug 16, 2026
Parcel #
28-36-23-Kr-2488-30
$390K

Listing Agent (for property info)

A
Amy Lucas
Keller Williams Realty Brevard
321-576-7303
Call Listing Agent

Estimated Monthly Payment

$2,595/mo
Principal & interest
$2,055
Property taxes
$390
Insurance
$150

Based on a 6.90% rate, 30-year loan, and $390K price — down payment shown: $78,000.

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# 1083413

What's Nearby

home improvement
True Value
0.6 mi away
fire stations
Palm Bay Fire Department Station 3
0.6 mi away
fire stations
Palm Bay West Fire / Rescue Station 83
1.0 mi away
restaurants
Subway
1.0 mi away
grocery
Eli's West Indian Grocery
1.1 mi away
schools
Pineapple Cove Classical Academy at West Melbourne
1.1 mi away
restaurants
Panera Bread
1.3 mi away
restaurants
Wendy's
1.3 mi away

Interested in this property?

Equal Housing Opportunity

MLS# 1083413 · 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.