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For SaleSingle Family Home
$479K
1632 Water Drive NE, Palm Bay, FL 32905
Palm Bay Waterfront neighborhood
Subdivision: Tillman Plat of
2
Bedrooms
1
Bathrooms
956
Sq Ft
1928
Year Built
$501 /sqft

About This Property

Description from listing agent

1.44 acres with beautiful river views! This rare homesite is finally available for you! Front and rear access possible. Zoned Urban Mixed Use but grandfathered in residential with restrictions. So many opportunities! The current vintage home sits elevated facing the Indian River with new lighting and walkways for relaxing strolls or throwing your pole in for a fresh catch. Start your day on the front porch with your cup of coffee and a majestic sunrise. Step back in time and enjoy the hardwood floors, the stone fireplace (decoration only), the jack and jill bath, main gathering room PLUS a front sitting room. Modern touches with central AC, water heater, stainless steel appliances, tile countertops, backsplash, and washer and dryer hookups inside the home. The main attraction is the LAND! Property runs from Water Dr to Orange Blossom Trail with much of it already cleared.

Space Coast Context

🚀 Launch Viewing — Fair Views

36.2 mi from SLC-40

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

Aerospace Commute Guide
L3Harris5.2 mi~12 min
Northrop6.7 mi~15 min
Blue Origin30 mi~1h 7m
Lockheed31.3 mi~1h 10m
SpaceX31.4 mi~1h 10m
Boeing/KSC33.5 mi~1h 15m
KSC34.1 mi~1h 16m

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
  • 8/21/26
    Price change
    $479K -2.0%
    $501/sqft
  • 9/26/25
    Listed
    $489K
    $512/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
1 reduction
Originally listed at $489,000 · Cut $10,000 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
1.44 acres (62,726 sqft)
Full Baths
1
Days on Market
135
MLS Area
340 - NE Palm Bay

Schools

Elementary

Palm Bay Elem

Middle School

Stone

High School

Palm Bay

Financial & Listing Details

Listed
Apr 17, 2026
Parcel #
28-37-24-25-00001.0-0003.00
$479K

Listing Agent (for property info)

A
Angela Lawless
RE/MAX Elite
321-720-8156
Call Listing Agent

Estimated Monthly Payment

$3,153/mo
Principal & interest
$2,524
Property taxes
$479
Insurance
$150

Based on a 6.90% rate, 30-year loan, and $479K price — down payment shown: $95,800.

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# 1058146

What's Nearby

schools
Palm Bay Elementary
0.8 mi away
grocery
Bravo
0.8 mi away
parks
Playground at Knecht Park
0.9 mi away
government
Palm Bay Post Office
1.4 mi away
grocery
Thrifty Produce
1.6 mi away
pharmacies
Acquaviva's Pharmacy
1.8 mi away
shopping
7-Eleven
1.9 mi away
schools
Stone Middle School
2.0 mi away

Interested in this property?

Equal Housing Opportunity

MLS# 1058146 · Listing Broker: RE/MAX Elite · 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.