For SaleLand / Lot
$20K
2291 Ceylon Way SW, Palm Bay, FL 32908
Southwest Palm Bay neighborhood
Subdivision: Port Malabar Unit 53
0
Bathrooms

About This Property

Description from listing agent

Future investment opportunity! This land and compound offer tremendous long-term potential as development continues to move towards the area. Secure your position now and become an owner/investor before future growth and expansion increase property values. The road infrastructure is already in place, providing convenient access and adding to the property's future appeal and accessibility. Whether you are looking to hold for appreciation, develop later, or expand your investment portfolio, this property presents an exciting opportunity with promising upside potential. Invest in tomorrow -- today.

Space Coast Context

🚀 Launch Viewing — Fair Views

43.6 mi from SLC-40

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

Aerospace Commute Guide
L3Harris11.8 mi~26 min
Northrop13.8 mi~31 min
Blue Origin38.1 mi~1h 25m
SpaceX38.9 mi~1h 27m
Lockheed39 mi~1h 27m
Boeing/KSC40.1 mi~1h 29m
KSC40.3 mi~1h 30m

Estimates only — verify with Google Maps.

Flood Risk

Zone X (500-yr) — Moderate Risk

Moderate flood risk (0.2% annual chance). Flood insurance is optional but advisable.

Estimated flood insurance: $800 – $2,500 / 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
  • 6/8/26
    Listed
    $20K

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

Price vs. Comparable Sales
At market value
Median comparable close price: $20,000
Typical Offer Discount
94.7% of list price
At that rate, a competitive offer ≈ $18,851
Price Reductions
No reductions
Listed price has not changed since hitting the market
See & adjust the 6 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
0.29 acres (12,632 sqft)
Days on Market
83
MLS Area
345 - SW Palm Bay

Schools

Elementary

Westside

Middle School

Southwest

High School

Bayside

Financial & Listing Details

Listed
Jun 8, 2026
Parcel #
29-36-22-Kv-02942.0-0005.00
$20K

Listing Agent (for property info)

R
Robert J Beatty
Coldwell Banker Realty
321-795-0501
Call Listing Agent

Estimated Monthly Payment

$275/mo
Principal & interest
$105
Property taxes
$20
Insurance
$150

Based on a 6.90% rate, 30-year loan, and $20K price — down payment shown: $3,980.

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# 1079380

What's Nearby

schools
Westside Elementary School
2.1 mi away
schools
Bayside High School
2.1 mi away
government
City of Palm Bay
2.5 mi away

Interested in this property?

Equal Housing Opportunity

MLS# 1079380 · Listing Broker: Coldwell Banker 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.