1 / 46
For SaleSingle Family Home
$280K
597 Balcom Terrace SE, Palm Bay, FL 32909
Palm Bay - Bayside Lakes neighborhood
Subdivision: Port Malabar Unit 50
3
Bedrooms
3
Bathrooms
1,975
Sq Ft
1992
Year Built
$142 /sqft

About This Property

Description from listing agent

Investor opportunity or ideal for a buyer ready to customize and unlock significant upside. Situated on a desirable.31-acre corner lot; this 3 Bedroom & 3 full-bathrooms home offers a spacious layout & strong value-add potential. Inside, you'll find vaulted ceilings, skylights for natural light, a wood-burning stone fireplace anchoring the family room plus a bay window in the living room. Two dining areas provide versatility, while the enclosed air-conditioned porch adds valuable flex space. A spacious primary bathroom features dual sinks, a soaking tub & a separate walk-in shower. Functional perks include a dedicated laundry room with a utility sink & custom cabinetry. Connected to city water with NO HOA or deed restrictions. Plenty of room to park a boat or RV, or design the backyard oasis of your vision with space for a pool. Whether renovating or renting, this property checks the boxes for a smart investment!

Space Coast Context

🚀 Launch Viewing — Fair Views

41.4 mi from SLC-40

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

Aerospace Commute Guide
L3Harris9.2 mi~21 min
Northrop11.2 mi~25 min
Blue Origin35.5 mi~1h 19m
SpaceX36.6 mi~1h 22m
Lockheed36.6 mi~1h 22m
Boeing/KSC38.1 mi~1h 25m
KSC38.5 mi~1h 26m

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
  • 4/22/26
    Listed
    $280K
    $142/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 1 comparable sale in this area in the last 180 days.(limited data — interpret with caution)

Price vs. Comparable Sales
10.4% below market
Median comparable close price: $312,500
Typical Offer Discount
96.2% of list price
At that rate, a competitive offer ≈ $269,231
Price Reductions
No reductions
Listed price has not changed since hitting the market
See & adjust the 1 comparable sale 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
0.31 acres (13,504 sqft)
Full Baths
3
Garage
2 car (attached)
Fireplaces
1
Days on Market
86
MLS Area
343 - SE Palm Bay

Schools

Elementary

Columbia

Middle School

Southwest

High School

Bayside

Financial & Listing Details

Listed
Apr 22, 2026
Parcel #
29-37-18-Jr-02684.0-0011.00
$280K

Listing Agent (for property info)

M
Misty A Morrison
Misty Morrison Real Estate
321-288-0879
Call Listing Agent

Estimated Monthly Payment

$1,905/mo
Principal & interest
$1,475
Property taxes
$280
Insurance
$150

Based on a 6.90% rate, 30-year loan, and $280K price — down payment shown: $56,000.

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# 1075399

Interested in this property?

Equal Housing Opportunity

MLS# 1075399 · Listing Broker: Misty Morrison Real Estate · 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.