1 / 4
For SaleLand / Lot
$50K
984 Underhill Avenue SE, Palm Bay, FL 32909
Palm Bay - Bayside Lakes neighborhood
Subdivision: Port Malabar Unit 15
0
Bathrooms

About This Property

Description from listing agent

It's a buildable single family residential lot with Rs2 Zoning available in Port Malabar Unit #15 of Palm Bay. Nicely located in the SE section near Bayside Lakes and the PGA Majors Golf Course, this lot is just 3.3 miles -8 minutes- to Publix Shopping, 4.7 miles -10 minutes- to Bayside High and Westside Elementary Schools, 2.0 miles -6 minutes- to the Shoppes of Palm Bay, and just 14.3 miles -24 minutes to the beaches in Indialantic. From Exit #173 of I-95 go west on Malabar Road. Turn left on San Filippo Drive SE and proceed south for 1.2 miles. Turn left on Foundation Park Boulevard SE and right on Underhill Avenue SE. The lot will be on the right side of the road.

Space Coast Context

🚀 Launch Viewing — Fair Views

40.8 mi from SLC-40

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

Aerospace Commute Guide
L3Harris8.6 mi~19 min
Northrop10.6 mi~24 min
Blue Origin34.8 mi~1h 18m
SpaceX35.9 mi~1h 20m
Lockheed35.9 mi~1h 20m
Boeing/KSC37.7 mi~1h 24m
KSC38.1 mi~1h 25m

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
22.0% above median
Median comparable close: $41,000 — premium may reflect unique features not captured in automated comps
Typical Offer Discount
92.9% of list price
At that rate, a competitive offer ≈ $46,455
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
0.24 acres (10,454 sqft)
Days on Market
196
MLS Area
343 - SE Palm Bay

Schools

Elementary

Columbia

Middle School

Stone

High School

Bayside

Financial & Listing Details

Listed
Feb 12, 2026
Parcel #
29-37-09-Go-00695.0-0013.00
$50K

Listing Agent (for property info)

P
Philip L Rotondo
Coldwell Banker Realty
321-698-5893
Call Listing Agent

Estimated Monthly Payment

$463/mo
Principal & interest
$263
Property taxes
$50
Insurance
$150

Based on a 6.90% rate, 30-year loan, and $50K price — down payment shown: $10,000.

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# 1023645

What's Nearby

schools
Columbia Elementary School
0.6 mi away
home improvement
Ace Hardware
0.7 mi away
shopping
BP Shop
0.7 mi away
schools
Royal Palm Charter School
0.8 mi away
shopping
Mr. K Food Store
0.8 mi away
schools
Palm Bay Academy - Middle School Campus
0.8 mi away
government
Saint Johns River Water Management District: Palm Bay Service Center
0.9 mi away
schools
Eastern Florida State College
1.1 mi away

Interested in this property?

Equal Housing Opportunity

MLS# 1023645 · Listing Broker: Coldwell Banker Realty · 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.