1 / 21
For SaleSingle Family Home
$285K
538 Ocean Spray Street SW, Palm Bay, FL 32908
Southwest Palm Bay neighborhood
Subdivision: Port Malabar Unit 32
3
Bedrooms
2
Bathrooms
1,560
Sq Ft
2022
Year Built
$183 /sqft

About This Property

Description from listing agent

SELLER PAID SOLAR!! NEWER HOME! Step into an open-concept layout with tile flooring throughout the main living areas, offering both style and durability. This 3-bedroom, 2-bath home includes a flexible bonus space ideal for a home office, guest room, or 4th bedroom and a separate laundry room. Added bonus: a solar power system helps keep energy costs down/next to nothing! Well water and septic add to the low cost of utilities! LARGE backyard!

Space Coast Context

🚀 Launch Viewing — Fair Views

42 mi from SLC-40

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

Aerospace Commute Guide
L3Harris10 mi~22 min
Northrop12 mi~27 min
Blue Origin36.3 mi~1h 21m
SpaceX37.2 mi~1h 23m
Lockheed37.3 mi~1h 23m
Boeing/KSC38.6 mi~1h 26m
KSC38.8 mi~1h 26m

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
  • 6/18/26
    Price change
    $285K -1.7%
    $183/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 4 comparable sales in this area in the last 180 days.

Price vs. Comparable Sales
4.6% below market
Median comparable close price: $298,890
Typical Offer Discount
99.9% of list price
At that rate, a competitive offer ≈ $284,845
Price Reductions
1 reduction
Originally listed at $285,000 · Cut $5,000 total
See & adjust the 4 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
0.26 acres (11,326 sqft)
Full Baths
2
Total Rooms
6
Garage
2 car (attached)
Days on Market
59
MLS Area
345 - SW Palm Bay

Schools

Elementary

Westside

Middle School

Southwest

High School

Bayside

Financial & Listing Details

Listed
May 19, 2026
Parcel #
29-36-13-Kk-01576.0-0005.00
$285K

Listing Agent (for property info)

L
Lauren Merrell PA
Dale Sorensen Real Estate Inc.
321-987-3328
Call Listing Agent

Estimated Monthly Payment

$1,937/mo
Principal & interest
$1,502
Property taxes
$285
Insurance
$150

Based on a 6.90% rate, 30-year loan, and $285K price — down payment shown: $57,000.

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# 1072329

Interested in this property?

Equal Housing Opportunity

MLS# 1072329 · 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.