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For SaleCondominium
$145K
725 Port Malabar Boulevard NE #106, Palm Bay, FL 32905
Palm Bay Waterfront neighborhood
Subdivision: Fairways of Brev. Condo Plan No 1
2
Bedrooms
2
Bathrooms
1,184
Sq Ft
1973
Year Built
$122 /sqft

About This Property

Description from listing agent

Welcome to this beautifully updated first-floor corner unit in a desirable 55+ community in Palm Bay. Just 15 minutes from the beaches, 10 minutes to vibrant downtown Melbourne, and with quick access to I-95, this condo offers the perfect blend of convenience and comfort. Inside, you'll find brand-new appliances, fresh wood-tile flooring throughout, and a smart, functional layout filled with natural light. As a corner unit, the home offers added privacy along with extra windows that create a bright, airy atmosphere. Both bedrooms are generously sized, and two full bathrooms provide comfort and flexibility for guests or everyday living. Enjoy easy, low-maintenance living in a welcoming community ideally located near shopping, dining, medical facilities, and everything the Space Coast has to offer. Whether you're searching for a full-time residence or a seasonal getaway, this move-in ready condo is ready to welcome you home.

Space Coast Context

🚀 Launch Viewing — Fair Views

37.6 mi from SLC-40

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

Aerospace Commute Guide
L3Harris5.5 mi~12 min
Northrop7.4 mi~16 min
Blue Origin31.6 mi~1h 10m
SpaceX32.8 mi~1h 13m
Lockheed32.8 mi~1h 13m
Boeing/KSC34.5 mi~1h 17m
KSC35 mi~1h 18m

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
  • 7/9/26
    Price change
    $145K +7.4%
    $122/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 1 comparable sale in this area in the last 180 days.(limited data — interpret with caution)

Price vs. Comparable Sales
16.0% above median
Median comparable close: $125,000 — premium may reflect unique features not captured in automated comps
Typical Offer Discount
92.6% of list price
At that rate, a competitive offer ≈ $134,259
Price Reductions
No reductions
Listed price has not changed since hitting the market
See & adjust the 1 comparable sale 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
0.1 acres (4,356 sqft)
Full Baths
2
HOA Fee
$475/mo
Pool
Yes
Senior Community
Yes
Days on Market
23
MLS Area
340 - NE Palm Bay

Community & HOA

HOA

  • Name: Fairways Of Brevard
  • Fee: $475 / monthly

Schools

Elementary

Riviera

Middle School

Stone

High School

Palm Bay

Financial & Listing Details

Listed
Jul 6, 2026
Parcel #
28-37-28-00-00759.6-0000.00
$145K

Listing Agent (for property info)

J
Joseph Gibson
Real Broker, LLC
321-261-9406
Call Listing Agent

Estimated Monthly Payment

$1,534/mo
Principal & interest
$764
Property taxes
$145
Insurance & HOA
$625

Based on a 6.90% rate, 30-year loan, and $145K price — down payment shown: $29,000.

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# 1055860

Interested in this property?

Equal Housing Opportunity

MLS# 1055860 · Listing Broker: Real Broker, LLC · 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.