1 / 2
For SaleLand / Lot
$69K
481 Olsmar Street SW, Palm Bay, FL 32908
Southwest Palm Bay neighborhood
Subdivision: Port Malabar Unit 31
0
Bathrooms

About This Property

Description from listing agent

DRIVE BY AND DISCOVER THIS CLEARED AND WELL-MAINTAINED HOMESITE FEATURING CITY WATER. THIS CONVENIENT LOCATION PLACES YOU CLOSE TO AREA SCHOOLS, WITH BAYSIDE HIGH AND WESTSIDE ELEMENTARY JUST AROUND THE CORNER AND SOUTHWEST MIDDLE SCHOOL ONLY A 9-MINUTE DRIVE AWAY. OUTDOOR FUN AWAITS JUST 4 MINUTES NORTH AT MCGRIFF PARK, OFFERING A PLAYGROUND AND URBAN-STYLE SKATEBOARD RAMPS. DAILY SHOPPING AND DINING ARE EASY WITH THE POPULAR BAYSIDE LAKES SHOPPING AREA JUST 4 MINUTES AWAY, FEATURING PUBLIX, DUNKIN, STARBUCKS, WALGREENS, RESTAURANTS, MEDICAL SERVICES, AND MORE. FOR EVEN MORE OPTIONS, THE BUSY MALABAR ROAD CORRIDOR IS ONLY 8 MINUTES AWAY, PROVIDING A WIDE SELECTION OF MAJOR RETAILERS, RESTAURANTS, AND QUICK ACCESS TO I-95 FOR EASY COMMUTING. IF YOU ARE PLANNING TO BUILD, THE AREA REQUIRES A MINIMUM OF 1,800 SQUARE FEET UNDER AIR, HELPING PRESERVE NEIGHBORHOOD APPEAL AND PROPERTY VALUES. TAKE A DRIVE BY, EXPLORE THE AREA, AND ENVISION THE POSSIBILITIES.

Space Coast Context

🚀 Launch Viewing — Fair Views

43.6 mi from SLC-40

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

Aerospace Commute Guide
L3Harris11.5 mi~26 min
Northrop13.5 mi~30 min
Blue Origin37.8 mi~1h 24m
SpaceX38.8 mi~1h 26m
Lockheed38.8 mi~1h 26m
Boeing/KSC40.2 mi~1h 30m
KSC40.5 mi~1h 30m

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
    $69K

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
8.7% above median
Median comparable close: $63,500 — premium may reflect unique features not captured in automated comps
Typical Offer Discount
92.0% of list price
At that rate, a competitive offer ≈ $63,469
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
0.23 acres (10,019 sqft)
Days on Market
176
MLS Area
345 - SW Palm Bay

Schools

Elementary

Westside

Middle School

Southwest

High School

Bayside

Financial & Listing Details

Listed
Mar 8, 2026
Parcel #
29-36-25-Jp-01492.0-0023.00
$69K

Listing Agent (for property info)

C
Cheryl L Smith
Cheryl Smith Realty, Inc
321-544-8449
Call Listing Agent

Estimated Monthly Payment

$583/mo
Principal & interest
$364
Property taxes
$69
Insurance
$150

Based on a 6.90% rate, 30-year loan, and $69K price — down payment shown: $13,800.

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# 1071348

What's Nearby

schools
Westside Elementary School
0.7 mi away
schools
Bayside High School
0.9 mi away
government
City of Palm Bay
1.0 mi away
government
Supervisor of Elections and Property Appraiser
1.6 mi away
restaurants
Domino's
1.6 mi away
pharmacies
Bayside Lakes Family Pharmacy
1.7 mi away
shopping
7-Eleven
1.7 mi away
restaurants
Dunkin'
1.7 mi away

Interested in this property?

Equal Housing Opportunity

MLS# 1071348 · Listing Broker: Cheryl Smith Realty, Inc · 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.