1 / 2
For SaleLand / Lot
$63K
274 Abello Road SE, Palm Bay, FL 32909
Palm Bay - Bayside Lakes neighborhood
Subdivision: Port Malabar Unit 50
0
Bathrooms

About This Property

Description from listing agent

HUGE CONSTRUCTION COST SAVINGS ON THIS CITY WATER BEAUTY! THIS PROPERTY HAS BEEN PREVIOUSLY CLEARED AND THE OWNER HAS PAID THE CITY WATER FEES! WHAT A BONUS FOR THE BUYER! NESTLED IN THE POPULAR UNIT 50 NEIGHBORHOOD WITH FEW LOTS ON THE MARKET TO CHOOSE FROM. CLOSE TO AREA SCHOOLS AND PARKS. FOR SHOPPING, HEAD SOUTH TO THE BAYSIDE LAKES COMMERCIAL DISTRICT WHERE YOU WILL FIND A PUBLIX, WALGREENS, DUNKIN, STARBUCKS, RESTAURANTS, HEALTH FIRST COMPLEX AND MUCH MORE! OR, HEAD NORTH TO THE BUSTLING MALABAR RD CORRIDOR PROVIDING A WONDERFUL VARIETY OF BIG NAME STORES, RESTAURANTS, BANKING, I-95 ACCESS AND MANY MORE CHOICES. TAKE A DRIVE BY AND HAVE A LOOK! A PRIOR BUYER DID AN ENVIRONMENTAL STUDY AND FOUND WHAT WAS DESCRIBED AS LIKELY A JUVENILE GOPHER TORTOISE BURROW. THEY STATED THE COST WOULD BE LOWER DUE TO THE SIZE. SEE ATTACHED FROM ATLANTIC ENVIRONMENTAL. PRICE REDUCED TO HELP OFFSET THE COST.

Space Coast Context

🚀 Launch Viewing — Fair Views

41.9 mi from SLC-40

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

Aerospace Commute Guide
L3Harris9.7 mi~22 min
Northrop11.8 mi~26 min
Blue Origin36.1 mi~1h 20m
SpaceX37.1 mi~1h 23m
Lockheed37.1 mi~1h 23m
Boeing/KSC38.6 mi~1h 26m
KSC38.9 mi~1h 27m

Estimates only — verify with Google Maps.

Flood Risk

Flood zone data not yet available for this listing. Check FEMA Flood Map

Source: FEMA National Flood Hazard Layer. Insurance estimates are ranges only — get a quote for accurate pricing.

Price History

Date
Event
Price
  • 9/20/25
    Listed
    $63K

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

Price vs. Comparable Sales
4.8% above median
Median comparable close: $60,000 — premium may reflect unique features not captured in automated comps
Typical Offer Discount
97.3% of list price
At that rate, a competitive offer ≈ $61,216
Price Reductions
No reductions
Listed price has not changed since hitting the market
See & adjust the 8 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
0.24 acres (10,454 sqft)
Days on Market
243
MLS Area
343 - SE Palm Bay

Schools

Elementary

Columbia

Middle School

Southwest

High School

Bayside

Financial & Listing Details

Listed
Oct 24, 2025
Parcel #
29-37-18-Jr-02667.0-0022.00
$63K

Listing Agent (for property info)

C
Cheryl L Smith
Cheryl Smith Realty, Inc
321-544-8449
Call Listing Agent

Estimated Monthly Payment

$544/mo
Principal & interest
$331
Property taxes
$63
Insurance
$150

Based on a 6.90% rate, 30-year loan, and $63K price — down payment shown: $12,580.

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# 1057796

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Equal Housing Opportunity

MLS# 1057796 · Listing Broker: Cheryl Smith Realty, Inc · 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.