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For SaleCondominium
$470K
4955 Dixie Highway NE #505, Palm Bay, FL 32905
Palm Bay Waterfront neighborhood
Subdivision: Venetian Bay Condo Ph I
3
Bedrooms
3
Bathrooms
2,418
Sq Ft
2004
Year Built
$194 /sqft

About This Property

Description from listing agent

Back on the market due to buyer's pet-related circumstances--no fault of the property or seller. Imagine exquisite river views while sipping morning coffee watching postcard sunrises from your large wrap-around private balcony. This luxury corner unit provides a spacious great room with incredible views allow for family and guests to enjoy Florida living! Each of the 3 bedrooms have their own bathrooms. Suites for everyone! Primary bedroom is designed for royalty with wrap around balcony access. The kitchen features a large island, granite countertops, and tons of storage. Community includes heated riverfront pool, clubhouse, dock/pier, kayak storage, and two elevators. Includes one garage parking space with storage plus additional guest parking. I challenge you to find a better condo designed for family, guests, privacy, and living space for everyone. Just minutes to Atlantic beaches, and downtown Melbourne. Short drive to Eau Gallie Art District.

Space Coast Context

🚀 Launch Viewing — Fair Views

37.6 mi from SLC-40

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

Aerospace Commute Guide
L3Harris6.9 mi~15 min
Northrop8.4 mi~19 min
Blue Origin31.3 mi~1h 10m
Lockheed32.7 mi~1h 13m
SpaceX32.8 mi~1h 13m
Boeing/KSC35 mi~1h 18m
KSC35.7 mi~1h 20m

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
  • 9/2/26
    Price change
    $470K -2.1%
    $194/sqft
  • 6/27/26
    Price change
    $480K -4.0%
    $198/sqft
  • 6/16/26
    Listed
    $500K
    $207/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
2 reductions
Originally listed at $499,900 · Cut $30,000 total
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
0.1 acres (4,356 sqft)
Full Baths
3
Stories
7
Garage
1 car
HOA Fee
$1228.36/mo
Waterfront
Indian River
Days on Market
79
MLS Area
340 - NE Palm Bay

Community & HOA

HOA

  • Name: Venetian Bay Condominium Association, Inc
  • Fee: $1,228.36 / monthly

Schools

Middle School

Stone

High School

Palm Bay

Financial & Listing Details

Listed
Jun 16, 2026
Parcel #
28-38-30-00-00508.T-0000.00
$470K

Listing Agent (for property info)

J
Jeremy T Silber
Dale Sorensen Real Estate Inc.
321-353-9864
Call Listing Agent

Estimated Monthly Payment

$4,324/mo
Principal & interest
$2,476
Property taxes
$470
Insurance & HOA
$1,378

Based on a 6.90% rate, 30-year loan, and $470K price — down payment shown: $93,980.

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# 1080120

What's Nearby

restaurants
El Super Mofongo Resbaloso
0.5 mi away
government
Malabar Town Hall
1.0 mi away
government
Council Chambers
1.0 mi away
restaurants
El Platanito
1.0 mi away
government
Town Administrators Office
1.0 mi away
government
Malabar Public Works Complex
1.1 mi away
parks
Playground at Malabar Park
1.5 mi away
schools
Palm Bay Elementary
1.5 mi away

Interested in this property?

Equal Housing Opportunity

MLS# 1080120 · Listing Broker: Dale Sorensen 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.