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For SaleSingle Family Home
$337K
1924 Capital Drive SE, Palm Bay, FL 32909
Palm Bay - St. Johns Heritage Parkway neighborhood
Subdivision: Cypress Bay Preserve Phase 1
4
Bedrooms
2
Bathrooms
1,918
Sq Ft
2022
Year Built
$176 /sqft

About This Property

Description from listing agent

Beautiful waterfront home with open concept design and spacious family room that expands to a casual dining area and an open well appointed kitchen. 4 Bedrooms, 2 Bathrooms and a 2-Car Garage. You will love the flow of this home and the view of the lake as soon as you walk through the door. Enjoy entertaining in this desirable modern living space. Kitchen boasts a kitchen island, stainless steel appliances, lovely granite countertops and plenty of storage space. Unwind in the master suite that features walk-in closets, double sinks and a walk-in shower. Enjoy the screened porch overlooking the sparkling lake! Located just minutes from 192, I-95, Shopping, Dining, and Entertainment!

Space Coast Context

🚀 Launch Viewing — Fair Views

45.7 mi from SLC-40

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

Aerospace Commute Guide
L3Harris13.7 mi~31 min
Northrop15.6 mi~35 min
Blue Origin39.6 mi~1h 28m
SpaceX40.9 mi~1h 31m
Lockheed40.9 mi~1h 31m
Boeing/KSC42.7 mi~1h 35m
KSC43.2 mi~1h 36m

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

Price vs. Comparable Sales
3.7% below market
Median comparable close price: $350,000
Typical Offer Discount
99.1% of list price
At that rate, a competitive offer ≈ $333,967
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
0.14 acres (6,098 sqft)
Full Baths
2
Garage
2 car
HOA Fee
$235/mo
Waterfront
Yes
Days on Market
264
MLS Area
343 - SE Palm Bay

Community & HOA

HOA

Schools

Elementary

Sunrise

Middle School

Southwest

High School

Bayside

Financial & Listing Details

Listed
Dec 6, 2025
Parcel #
30-37-03-50-00000.0-0141.00
$337K

Listing Agent (for property info)

R
Rita Mahesh Soni
Nexthome Coastal Vista
321-698-5571
Call Listing Agent

Estimated Monthly Payment

$2,498/mo
Principal & interest
$1,776
Property taxes
$337
Insurance & HOA
$385

Based on a 6.90% rate, 30-year loan, and $337K price — down payment shown: $67,400.

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# 1063729

What's Nearby

schools
Sunrise Elementary School
0.7 mi away

Interested in this property?

Equal Housing Opportunity

MLS# 1063729 · Listing Broker: Nexthome Coastal Vista · 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.