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For SaleSingle Family Home
$290K
1082 Eleuthera Drive NE, Palm Bay, FL 32905
Palm Bay Waterfront neighborhood
Subdivision: Bimini Bay
3
Bedrooms
2
Bathrooms
1,566
Sq Ft
2005
Year Built
$185 /sqft

About This Property

Description from listing agent

A rare find in this area. 3-Bedroom/2-Bath home with 2-car garage, in the Bahama Islands style, gated community of Bimini Bay. New roof, A/C and water heater in 2023. The kitchen features Granite Countertops (2019) 42'' cabinets w/under-cabinet lighting, and S/S appliances. 10' ceilings and abundant natural light contribute to the open feeling, along with crown molding, recessed lighting and hardwired speakers. Tile flooring throughout. The 3rd bedroom is a Flex room that could be used as an office, den or whatever your needs require. Enjoy your screened back porch with a view of the water. Thanks to the LIFESTYLE overhead screen door, your garage can double as a screened front porch. A short walk to the community pool, just two houses down. This is truly a move in ready home. You won't even need your lawnmower. The HOA covers lawn and landscaping, as well as exterior maintenance, including painting and roof replacement.

Space Coast Context

🚀 Launch Viewing — Fair Views

37.5 mi from SLC-40

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

Aerospace Commute Guide
L3Harris5.4 mi~12 min
Northrop7.4 mi~16 min
Blue Origin31.6 mi~1h 10m
SpaceX32.7 mi~1h 13m
Lockheed32.7 mi~1h 13m
Boeing/KSC34.4 mi~1h 17m
KSC34.9 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.

Price History

Date
Event
Price
  • 7/1/26
    Price change
    $290K -3.0%
    $185/sqft
  • 6/5/26
    Listed
    $299K
    $191/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
10.2% below market
Median comparable close price: $323,000
Typical Offer Discount
96.5% of list price
At that rate, a competitive offer ≈ $279,867
Price Reductions
1 reduction
Originally listed at $299,000 · Cut $9,000 total
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
0.14 acres (6,098 sqft)
Full Baths
2
Garage
2 car
HOA Fee
$279/mo
Days on Market
35
MLS Area
340 - NE Palm Bay

Community & HOA

HOA

  • Name: Bimini Bay homeowners association Inc.
  • Fee: $279 / monthly

Schools

Middle School

Stone

High School

Palm Bay

Financial & Listing Details

Listed
Jun 6, 2026
Parcel #
28-37-28-25-0000a.0-0028.00
$290K

Listing Agent (for property info)

T
Tom DiBerardino
Real Broker LLC
321-508-3011
Call Listing Agent

Estimated Monthly Payment

$2,247/mo
Principal & interest
$1,528
Property taxes
$290
Insurance & HOA
$429

Based on a 6.90% rate, 30-year loan, and $290K price — down payment shown: $58,000.

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# 1079259

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Equal Housing Opportunity

MLS# 1079259 · Listing Broker: Real Broker 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.