1 / 5
For SaleLand / Lot
$37K
2859 Basil Avenue SW, Palm Bay, FL 32908
Southwest Palm Bay neighborhood
Subdivision: Port Malabar Unit 49
0
Bathrooms

About This Property

Description from listing agent

Prime building opportunity in the rapidly growing Southwest section of Palm Bay! Lot is mostly cleared and ready for your custom dream home or next investment project. Seller willing to clear remaining trees upon request. Situated in a quiet neighborhood within Port Malabar Unit 49, this level parcel offers standard 80 x 125 dimensions with no HOA restrictions, giving you complete freedom to build. It sits outside of a high-risk flood zone, saving you on annual insurance premiums. Enjoy close proximity to local golf courses, parks, lakes, dining, and shopping, with easy access to major roadways and beautiful Space Coast beaches. Power is nearby with high-speed internet available. Well & Septic needed. Bring your own builder and secure your piece of Florida today!

Space Coast Context

🚀 Launch Viewing — Fair Views

44.6 mi from SLC-40

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

Aerospace Commute Guide
L3Harris12.6 mi~28 min
Northrop14.6 mi~33 min
Blue Origin38.9 mi~1h 27m
SpaceX39.8 mi~1h 29m
Lockheed39.9 mi~1h 29m
Boeing/KSC41.1 mi~1h 32m
KSC41.4 mi~1h 32m

Estimates only — verify with Google Maps.

Flood Risk

Zone X (500-yr) — Moderate Risk

Moderate flood risk (0.2% annual chance). Flood insurance is optional but advisable.

Estimated flood insurance: $800 – $2,500 / 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
  • 8/7/26
    Price change
    $37K -8.8%

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

Price vs. Comparable Sales
10.6% above median
Median comparable close: $33,000 — premium may reflect unique features not captured in automated comps
Typical Offer Discount
91.1% of list price
At that rate, a competitive offer ≈ $33,268
Price Reductions
1 reduction
Originally listed at $36,500 · Cut $3,500 total
See & adjust the 4 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
0.23 acres (10,019 sqft)
Days on Market
89
MLS Area
345 - SW Palm Bay

Schools

Elementary

Westside

Middle School

Southwest

High School

Bayside

Financial & Listing Details

Listed
Jun 2, 2026
Parcel #
29-36-26-Ks-02563.0-0007.00
$37K

Listing Agent (for property info)

K
Kristie Urry
Waterman Real Estate, Inc.
321-300-4777
Call Listing Agent

Estimated Monthly Payment

$379/mo
Principal & interest
$192
Property taxes
$37
Insurance
$150

Based on a 6.90% rate, 30-year loan, and $37K price — down payment shown: $7,300.

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# 1078858

What's Nearby

government
City of Palm Bay
1.8 mi away
schools
Westside Elementary School
1.8 mi away
schools
Bayside High School
2.1 mi away
government
Supervisor of Elections and Property Appraiser
2.5 mi away
restaurants
Domino's
2.7 mi away
pharmacies
Bayside Lakes Family Pharmacy
2.8 mi away
shopping
7-Eleven
2.8 mi away
restaurants
Dunkin'
2.8 mi away

Interested in this property?

Equal Housing Opportunity

MLS# 1078858 · Listing Broker: Waterman Real Estate, 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.