1 / 50
For SaleSingle Family Home
$345K
1883 Capital Drive SE, Palm Bay, FL 32909
Palm Bay - St. Johns Heritage Parkway neighborhood
Subdivision: Cypress Bay Preserve Phase 1
4
Bedrooms
2
Bathrooms
1,918
Sq Ft
2022
Year Built
$180 /sqft

About This Property

Description from listing agent

Discover WATERFRONT living in Cypress Bay Preserve, where a tranquil lake becomes your backyard and every day feels a little like a getaway. Built in 2022 and beautifully maintained, this single-story home pairs fresh, modern design with a standout low HOA of just $255 per quarter. Step inside and let the open-concept layout do the talking. Natural light pours across the kitchen, living, and dining areas, which flow together effortlessly, just as at home hosting a crowd as for a quiet night in. Four generously sized bedrooms and two full baths span 1,918 thoughtfully designed square feet. But the real showstopper is the water. Sip your morning coffee to the glassy calm of the lake and let the shimmering evening light be your reward at day's end. Gated, sidewalk-lined, and complete with a community pool and two-car garage, this home delivers the lakefront lifestyle buyers want. This home also offers unbeatable convenience, just minutes to I-95 and nearby shopping. Appointment required.

Space Coast Context

🚀 Launch Viewing — Fair Views

45.7 mi from SLC-40

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

Aerospace Commute Guide
L3Harris13.7 mi~31 min
Northrop15.6 mi~35 min
Blue Origin39.6 mi~1h 28m
Lockheed40.8 mi~1h 31m
SpaceX40.9 mi~1h 31m
Boeing/KSC42.7 mi~1h 35m
KSC43.2 mi~1h 36m

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
  • 7/17/26
    Listed
    $345K
    $180/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 5 comparable sales in this area in the last 180 days.

Price vs. Comparable Sales
At market value
Median comparable close price: $355,000
Typical Offer Discount
98.5% of list price
At that rate, a competitive offer ≈ $339,564
Price Reductions
No reductions
Listed price has not changed since hitting the market
See & adjust the 5 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
0.16 acres (6,970 sqft)
Full Baths
2
Garage
2 car
HOA Fee
$255/mo
Waterfront
Grand Canal
Days on Market
41
MLS Area
343 - SE Palm Bay

Community & HOA

HOA

Schools

Elementary

Sunrise

Middle School

Southwest

High School

Bayside

Financial & Listing Details

Listed
Jul 17, 2026
Parcel #
30-37-03-50-00000.0-0159.00
$345K

Listing Agent (for property info)

C
Crystal Cardenas
Southern Key Realty
561-801-1165
Call Listing Agent

Estimated Monthly Payment

$2,567/mo
Principal & interest
$1,817
Property taxes
$345
Insurance & HOA
$405

Based on a 6.90% rate, 30-year loan, and $345K price — down payment shown: $68,980.

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# 1082778

What's Nearby

schools
Sunrise Elementary School
0.6 mi away

Interested in this property?

Equal Housing Opportunity

MLS# 1082778 · Listing Broker: Southern Key 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.