1 / 20
For SaleCondominium
$135K
725 Port Malabar Boulevard NE #301, 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
$114 /sqft

About This Property

Description from listing agent

Located in the desirable Fairways of Brevard 55+ Community, this well maintained 2 bedroom, 2 bathroom third-floor condo offers comfortable and low-maintenance living with elevator access. The unit features a bright and open floor plan, walk in closet in the primary suite, and a walk-in shower for added convenience. Recent updates include a 2022 water heater. Residents enjoy community amenities including a pool, cable, internet, water, trash and maintenance-covered living. Conveniently located just 15 minutes from Downtown Melbourne and only 20 minutes from the beach, this home provides easy access to shopping, dining, golf, medical facilities, and major roadways while offering a quiet and well-kept community atmosphere. Roof Age - 2020, A/C Age - 1999, Water Heater Age - 2022

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.

Offer Intelligence

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

Price vs. Comparable Sales
10.7% above median
Median comparable close: $122,000 — premium may reflect unique features not captured in automated comps
Typical Offer Discount
95.1% of list price
At that rate, a competitive offer ≈ $128,373
Price Reductions
No reductions
Listed price has not changed since hitting the market
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
0.1 acres (4,356 sqft)
Full Baths
2
Total Rooms
6
HOA Fee
$475/mo
Senior Community
Yes
Days on Market
74
MLS Area
345 - SW Palm Bay

Community & HOA

HOA

  • Name: FAIRWAYS OF BREV
  • Fee: $475 / monthly

Schools

Elementary

Rivieria

Middle School

Stone

High School

Palm Bay

Financial & Listing Details

Listed
May 12, 2026
Parcel #
28-37-28-00-00761.5-0000.00
$135K

Listing Agent (for property info)

E
Eric Zimmerman
RE/MAX Advantage
386-846-1515
Call Listing Agent

Estimated Monthly Payment

$1,471/mo
Principal & interest
$711
Property taxes
$135
Insurance & HOA
$625

Based on a 6.90% rate, 30-year loan, and $135K price — down payment shown: $27,000.

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# 1077108

Interested in this property?

Equal Housing Opportunity

MLS# 1077108 · Listing Broker: RE/MAX Advantage · 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.