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For SaleSingle Family Home
$350K
2010 Pennwood Drive, Melbourne, FL 32901
University Park neighborhood
Subdivision: Palm Gardens
2
Bedrooms
2
Bathrooms
1,728
Sq Ft
1923
Year Built
$202 /sqft

About This Property

Description from listing agent

Tucked beneath a towering oak tree on an oversized lot, this beautifully renovated 2BR/2BA + flex room historic Spanish Villa feels like a private oasis just minutes from Downtown Melbourne and the beach. Professionally updated in 2022 to preserve its original character, the home blends timeless charm with modern amenities rarely found in historic properties. The chef's kitchen features stainless appliances, double ovens, gas cooktop, and abundant storage. The impressive 27' x 14' primary suite includes a large en suite with jetted tub and separate shower--features uncommon for homes of this era. The fully fenced yard offers park-like paver patios, a centuries old Grandfather Oak, gas firepit, and a dedicated dog run, plus an RV hookup with double gate entry for added flexibility. Major upgrades include new AC (2024) and new drain plumbing (2026). Short-term rental friendly, ideal for families, investors, or short term rental hosts seeking a charming, cool, and unique home under $350K.

Space Coast Context

🚀 Launch Viewing — Good Views

33.6 mi from SLC-40

33.6 miles from SLC-40 — visible on clear days, especially at night.

Aerospace Commute Guide
L3Harris1.8 mi~4 min
Northrop3.5 mi~8 min
Blue Origin27.6 mi~1h 2m
SpaceX28.8 mi~1h 4m
Lockheed28.8 mi~1h 4m
Boeing/KSC30.6 mi~1h 8m
KSC31.1 mi~1h 9m

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
  • 3/16/26
    Listed
    $350K
    $202/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

Price history and market context for this listing.

Price Reductions
No reductions
Listed price has not changed since hitting the market
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)
Full Baths
2
Fireplaces
1
Days on Market
97
MLS Area
330 - Melbourne - Central

Schools

Elementary

University Park

Middle School

Hoover

High School

Melbourne

Financial & Listing Details

Listed
Mar 17, 2026
Parcel #
28-37-03-55-00003.0-0009.00
$350K

Listing Agent (for property info)

D
Dominique Mahler
Florida Homes Rlty & Mtg. LLC
321-749-7875
Call Listing Agent

Estimated Monthly Payment

$2,343/mo
Principal & interest
$1,844
Property taxes
$350
Insurance
$150

Based on a 6.90% rate, 30-year loan, and $350K price — down payment shown: $69,980.

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# 1072123

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Equal Housing Opportunity

MLS# 1072123 · Listing Broker: Florida Homes Rlty & Mtg. 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.