1 / 7
For SaleLand / Lot
$40K
485 Gephart Street SW, Palm Bay, FL 32908
Southwest Palm Bay neighborhood
Subdivision: Port Malabar Unit 37
0
Bathrooms

About This Property

Description from listing agent

Build your dream home on this well-located 0.23-acre residential lot in Palm Bay, FL. This property offers a great opportunity in a growing area known for new construction and steady development. The lot provides convenient access to available power and has no environmental issues, making your building process even smoother. Enjoy a peaceful setting while still being close to schools, shopping, dining, and major roadways for an easy commute. Whether you're looking to build now or invest for the future, this property offers excellent potential in a desirable and expanding part of Palm Bay. Don't miss out on this affordable slice of Florida living!

Space Coast Context

🚀 Launch Viewing — Fair Views

40.9 mi from SLC-40

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

Aerospace Commute Guide
L3Harris8.9 mi~20 min
Northrop10.9 mi~24 min
Blue Origin35.2 mi~1h 18m
SpaceX36.1 mi~1h 20m
Lockheed36.2 mi~1h 21m
Boeing/KSC37.5 mi~1h 24m
KSC37.8 mi~1h 24m

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
  • 4/10/26
    Listed
    $40K

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 3 comparable sales in this area in the last 180 days.

Price vs. Comparable Sales
17.6% above median
Median comparable close: $34,000 — premium may reflect unique features not captured in automated comps
Typical Offer Discount
90.4% of list price
At that rate, a competitive offer ≈ $36,154
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
0.23 acres (10,019 sqft)
Days on Market
142
MLS Area
345 - SW Palm Bay

Schools

Elementary

Jupiter

Middle School

Southwest

High School

Heritage

Financial & Listing Details

Listed
Apr 10, 2026
Parcel #
29-36-12-Kh-01674.0-0011.00
$40K

Listing Agent (for property info)

A
Asher Abadi
UDI, LLC
321-622-3937
Call Listing Agent

Estimated Monthly Payment

$401/mo
Principal & interest
$211
Property taxes
$40
Insurance
$150

Based on a 6.90% rate, 30-year loan, and $40K price — down payment shown: $8,000.

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# 1074365

What's Nearby

shopping
BP Shop
0.8 mi away
schools
Jupiter Elementary School
1.1 mi away
movie theaters
NCG Cimena
1.4 mi away
shopping
Citgo
1.4 mi away
grocery
Winn-Dixie
1.5 mi away
restaurants
Hungry Howie's
1.5 mi away
restaurants
Little Caesars
1.5 mi away
restaurants
McDonald's
1.6 mi away

Interested in this property?

Equal Housing Opportunity

MLS# 1074365 · Listing Broker: UDI, 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.