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For SaleSingle Family Home
$193K
2225 Monroe Street, Palm Bay, FL 32905
Palm Bay Waterfront neighborhood
Subdivision: Powells Subd
3
Bedrooms
2
Bathrooms
1,434
Sq Ft
2002
Year Built
$135 /sqft

About This Property

Description from listing agent

Concrete block 3-bedroom, 2-bathroom home with a split-bedroom floor plan. Built in 2002, this home offers a functional layout with the primary suite separated from the guest bedrooms for added privacy. The converted 1-car garage adds flexible bonus living space with its own mini-split AC system and is ready to use as a family room, home office, playroom, or guest area, or easily returned to garage use. Outside, the 0.24-acre lot delivers a spacious backyard plus an oversized side yard with room for RV, boat, or trailer parking...a rare find for buyers who need storage for toys or work vehicles. Centrally located near Florida Institute of Technology (FIT), Community Center, Downtown Melbourne, shopping, dining, major roadways, medical facilities, parks and area beaches. Come see it today!

Space Coast Context

🚀 Launch Viewing — Fair Views

35.1 mi from SLC-40

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

Aerospace Commute Guide
L3Harris3.7 mi~8 min
Northrop5.3 mi~12 min
Blue Origin29 mi~1h 5m
SpaceX30.2 mi~1h 7m
Lockheed30.2 mi~1h 7m
Boeing/KSC32.2 mi~1h 12m
KSC32.8 mi~1h 13m

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
  • 7/16/26
    Listed
    $193K
    $135/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

Price history and market context for this listing.

Price Reductions
No reductions
Listed price has not changed since hitting the market
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
0.24 acres (10,454 sqft)
Full Baths
2
Garage
1 car (attached)
Days on Market
13
MLS Area
340 - NE Palm Bay

Schools

Middle School

Stone

High School

Palm Bay

Financial & Listing Details

Listed
Jul 16, 2026
Parcel #
28-37-14-50-00004.0-0014.01
$193K

Listing Agent (for property info)

L
Laura Lee Hanson
Lokation Real Estate
321-682-0061
Call Listing Agent

Estimated Monthly Payment

$1,360/mo
Principal & interest
$1,017
Property taxes
$193
Insurance
$150

Based on a 6.90% rate, 30-year loan, and $193K price — down payment shown: $38,600.

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# 1082686

Interested in this property?

Equal Housing Opportunity

MLS# 1082686 · Listing Broker: Lokation 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.