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For SaleSingle Family Home
$281K
1064 Cabot Drive NE, Palm Bay, FL 32905
Palm Bay Waterfront neighborhood
Subdivision: Port Malabar Unit 2
3
Bedrooms
2
Bathrooms
1,831
Sq Ft
1960
Year Built
$153 /sqft

About This Property

Description from listing agent

Welcome to this unique mid-century modern pool home offering exceptional flexibility and space. Originally a two-bedroom residence, the home has been thoughtfully expanded to include three bedrooms, a private guest suite, and multiple bonus rooms to fit a variety of lifestyles. The spacious primary suite, converted from the former garage, features an ensuite bath and is serviced by a tankless water heater. Inside, you'll find an indoor laundry room, a generous dining area, and a comfortable family room that creates an inviting gathering space. Just off the kitchen, a versatile room can be used as a home office, den, hobby room, or additional sleeping area. Step outside to your private backyard retreat featuring a sparkling pool, perfect for entertaining or relaxing. A detached guest suite at the rear of the property provides added flexibility for visitors. Buyers must personally visit and view the interior of the property prior to submitting an offer.

Space Coast Context

🚀 Launch Viewing — Fair Views

37.2 mi from SLC-40

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

Aerospace Commute Guide
L3Harris6.2 mi~14 min
Northrop7.7 mi~17 min
Blue Origin31 mi~1h 9m
Lockheed32.3 mi~1h 12m
SpaceX32.4 mi~1h 12m
Boeing/KSC34.5 mi~1h 17m
KSC35.1 mi~1h 18m

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.

Offer Intelligence

Based on 1 comparable sale in this area in the last 180 days.(limited data — interpret with caution)

Price vs. Comparable Sales
9.4% below market
Median comparable close price: $310,000
Typical Offer Discount
100.0% of list price
At that rate, a competitive offer ≈ $281,000
Price Reductions
No reductions
Listed price has not changed since hitting the market
See & adjust the 1 comparable sale 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
0.22 acres (9,583 sqft)
Full Baths
2
Pool
Yes
Days on Market
119
MLS Area
340 - NE Palm Bay

Schools

Elementary

Palm Bay Elem

Middle School

Stone

High School

Palm Bay

Financial & Listing Details

Listed
Mar 28, 2026
Parcel #
28-37-25-06-00012.0-0022.00
$281K

Listing Agent (for property info)

L
Lynda Austin
Florida East Coast Real Estate
828-606-3445
Call Listing Agent

Estimated Monthly Payment

$1,912/mo
Principal & interest
$1,481
Property taxes
$281
Insurance
$150

Based on a 6.90% rate, 30-year loan, and $281K price — down payment shown: $56,200.

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# 1031473

Interested in this property?

Equal Housing Opportunity

MLS# 1031473 · Listing Broker: Florida East Coast 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.