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For SaleSingle Family Home
$300K
940 Forest Street NE, Palm Bay, FL 32907
Northwest Palm Bay neighborhood
Subdivision: Port Malabar Unit 8
3
Bedrooms
2
Bathrooms
1,465
Sq Ft
1989
Year Built
$205 /sqft

About This Property

Description from listing agent

Why spend more and wait for new construction when you can move in now? NEW ROOF + NEW HVAC + $9,000 BUYER INCENTIVE! Use the seller incentive toward closing costs or an interest rate buydown, subject to lender guidelines. CHOOSE YOUR OWN LENDER •NO HOA •MOVE-IN READY. Welcome to this well-maintained 3 bedroom, 2 bath home in a convenient Palm Bay location near shopping, dining, I-95 and everyday conveniences. Situated on a 0.23 acre lot, there's plenty of space to relax, entertain or enjoy the outdoors. The 2 car garage provides convenient parking and additional storage, while the recent major updates give buyers added peace of mind without the wait of new construction. If you're looking for a move-in-ready home, a generous lot, no HOA and a seller incentive to help make the purchase more affordable, this one is worth seeing. Schedule your private showing today! Some photos have been virtually staged with furniture for illustrative purposes. Actual furnishings are not included.

Space Coast Context

🚀 Launch Viewing — Fair Views

38.6 mi from SLC-40

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

Aerospace Commute Guide
L3Harris6.4 mi~14 min
Northrop8.4 mi~19 min
Blue Origin32.7 mi~1h 13m
SpaceX33.8 mi~1h 15m
Lockheed33.8 mi~1h 15m
Boeing/KSC35.5 mi~1h 19m
KSC35.9 mi~1h 20m

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
  • 8/7/26
    Price change
    $300K -3.2%
    $205/sqft
  • 6/9/26
    Listed
    $310K
    $212/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 10 comparable sales in this area in the last 180 days.

Price vs. Comparable Sales
11.1% above median
Median comparable close: $270,000 — premium may reflect unique features not captured in automated comps
Typical Offer Discount
97.9% of list price
At that rate, a competitive offer ≈ $293,546
Price Reductions
1 reduction
Originally listed at $309,900 · Cut $10,000 total
See & adjust the 10 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
0.23 acres (10,019 sqft)
Full Baths
2
Garage
2 car (attached)
Days on Market
81
MLS Area
341 - Central Palm Bay

Schools

Elementary

Lockmar

Middle School

Southwest

High School

Palm Bay

Financial & Listing Details

Listed
Jun 10, 2026
Parcel #
28-37-32-Fs-00253.0-0005.00
$300K

Listing Agent (for property info)

J
Jenny Ramirez
Coldwell Banker Residential
321-946-8555
Call Listing Agent

Estimated Monthly Payment

$2,030/mo
Principal & interest
$1,580
Property taxes
$300
Insurance
$150

Based on a 6.90% rate, 30-year loan, and $300K price — down payment shown: $59,980.

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# 1079585

What's Nearby

restaurants
7Brew Coffee
0.5 mi away
coffee shops
7Brew Coffee
0.5 mi away
restaurants
Sonic
0.6 mi away
restaurants
Dunkin' Donuts
0.6 mi away
pharmacies
CVS Pharmacy
0.6 mi away
shopping
Marathon
0.6 mi away
restaurants
Wetzel's Pretzels
0.7 mi away
restaurants
Panda Express
0.7 mi away

Interested in this property?

Equal Housing Opportunity

MLS# 1079585 · Listing Broker: Coldwell Banker Residential · 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.