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For SaleSingle Family Home
$500K
1401 Palau Street SE, Palm Bay, FL 32909
Palm Bay - St. Johns Heritage Parkway neighborhood
Subdivision: Port Malabar Unit 18
4
Bedrooms
3
Bathrooms
2,330
Sq Ft
2008
Year Built
$215 /sqft

About This Property

Description from listing agent

Custom Built and Absolutely Stunning pool home on a corner double lot .52 acre with city water! This immaculate 4-bedroom, 2.5-bath home features a spacious flex/bonus room upstairs with a wet bar, making it a true entertainer's dream. The gourmet kitchen boasts -new stainless steel appliances (2023), granite countertops, and 42'' maple cabinets. The first-floor primary suite showcases a tray ceiling with LED lighting, while elegant details throughout include 5'' baseboards, knockdown ceilings, rounded corners, and tray ceilings in both the dining room and primary bedroom. Upstairs, enjoy a 16x23 game room with wet bar and half bath, plus an incredible home theater complete with projector, screen, and tiered seating or 4th bed option. Step outside to a screened-in pool, perfect for relaxing or hosting guests. This smart home is wired for a Ring security system and includes a backyard storage shed. Major updates provide peace of mind include:

Space Coast Context

🚀 Launch Viewing — Fair Views

42 mi from SLC-40

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

Aerospace Commute Guide
L3Harris9.9 mi~22 min
Northrop11.9 mi~27 min
Blue Origin36 mi~1h 20m
SpaceX37.2 mi~1h 23m
Lockheed37.2 mi~1h 23m
Boeing/KSC39 mi~1h 27m
KSC39.4 mi~1h 28m

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.

Offer Intelligence

Based on 2 comparable sales in this area in the last 180 days.(limited data — interpret with caution)

Price vs. Comparable Sales
15.7% above median
Median comparable close: $432,000 — premium may reflect unique features not captured in automated comps
Typical Offer Discount
97.4% of list price
At that rate, a competitive offer ≈ $486,791
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
0.52 acres (22,651 sqft)
Full Baths
2
Half Baths
1
Total Rooms
8
Garage
2 car (attached)
Pool
Yes
Days on Market
159
MLS Area
343 - SE Palm Bay

Schools

Elementary

Columbia

Middle School

Stone

High School

Bayside

Financial & Listing Details

Listed
Feb 9, 2026
Parcel #
29-37-16-Gr-00921.0-0022.00
$500K

Listing Agent (for property info)

V
Vera L Koon
Waterman Real Estate, Inc.
321-302-9588
Call Listing Agent

Estimated Monthly Payment

$3,284/mo
Principal & interest
$2,634
Property taxes
$500
Insurance
$150

Based on a 6.90% rate, 30-year loan, and $500K price — down payment shown: $99,980.

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# 1068943

Interested in this property?

Equal Housing Opportunity

MLS# 1068943 · Listing Broker: Waterman Real Estate, 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.