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For SaleSingle Family Home
$500K
742 Penguin Avenue NE, Palm Bay, FL 32907
Northwest Palm Bay neighborhood
Subdivision: Lockmar Acres
4
Bedrooms
2
Bathrooms
2,452
Sq Ft
1987
Year Built
$204 /sqft

About This Property

Description from listing agent

Beautifully updated, screened-in pool home in desirable Lockmar Estates! This spacious property sits on a generous 0.39-acre lot and features a long list of recent upgrades for comfort and peace of mind. Interior Highlights • Recently remodeled kitchen (Feb 2026) with new white cabinetry, granite countertops, and a stylish tile backsplash • Tile flooring throughout the home • Modern, tastefully updated master bathroom (Sept 2025) • Additional bonus room off the pool area--perfect for entertaining or relaxing Major Upgrades • New roof installed Jan 2024 • New hurricane-impact windows and double-pane patio sliders installed April 2024 (transferable warranty) • Pool remodeled and resurfaced July 2022, including new heater and pump • AC installed 2017 with 3 years remaining on the transferable warranty • Septic tank recently cleaned • Sliding storm shutters on the rear of the home This home combines style, comfort, and essential upgrades--ready for you to move in and enjoy!

Space Coast Context

🚀 Launch Viewing — Fair Views

38.1 mi from SLC-40

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

Aerospace Commute Guide
L3Harris6 mi~13 min
Northrop8 mi~18 min
Blue Origin32.4 mi~1h 12m
SpaceX33.3 mi~1h 14m
Lockheed33.4 mi~1h 14m
Boeing/KSC34.8 mi~1h 18m
KSC35.2 mi~1h 18m

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
  • 3/5/26
    Listed
    $500K
    $204/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 2 comparable sales in this area in the last 180 days.(limited data — interpret with caution)

Price vs. Comparable Sales
23.5% above median
Median comparable close: $405,000 — premium may reflect unique features not captured in automated comps
Typical Offer Discount
95.1% of list price
At that rate, a competitive offer ≈ $475,735
Price Reductions
No reductions
Listed price has not changed since hitting the market
See & adjust the 2 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
0.39 acres (16,988 sqft)
Full Baths
2
Garage
2 car (attached)
Pool
Yes
Days on Market
110
MLS Area
341 - Central Palm Bay

Schools

Elementary

Lockmar

Middle School

Central

High School

Palm Bay

Financial & Listing Details

Listed
Mar 5, 2026
Parcel #
28-37-30-Kp-02441.0-0009.00
$500K

Listing Agent (for property info)

A
Amy Beth Bergstrom
HomeSmart Coastal Realty
321-447-9100
Call Listing Agent

Estimated Monthly Payment

$3,284/mo
Principal & interest
$2,634
Property taxes
$500
Insurance
$150

Based on a 6.90% rate, 30-year loan, and $500K price — down payment shown: $100,000.

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# 1071102

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Equal Housing Opportunity

MLS# 1071102 · Listing Broker: HomeSmart Coastal 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.