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For SaleSingle Family Home
$309K
282 Velvet Avenue NE, Palm Bay, FL 32907
Northwest Palm Bay neighborhood
Subdivision: Port Malabar Unit 28
3
Bedrooms
2
Bathrooms
1,696
Sq Ft
1988
Year Built
$182 /sqft

About This Property

Description from listing agent

Beautiful 3 Bedroom, 2 Bath home, shows like new. Freshly painted and updated bathrooms and kitchen. Sit on your back porch with a view of the lake and lots of oak trees. Walking distance to schools. Hurricane windows and shutters. Enclosed back porch adds 240 feet under air bringing the total area under air to 1696.

Space Coast Context

🚀 Launch Viewing — Fair Views

38.7 mi from SLC-40

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

Aerospace Commute Guide
L3Harris6.6 mi~15 min
Northrop8.5 mi~19 min
Blue Origin32.7 mi~1h 13m
SpaceX33.9 mi~1h 16m
Lockheed33.9 mi~1h 16m
Boeing/KSC35.6 mi~1h 19m
KSC36.1 mi~1h 20m

Estimates only — verify with Google Maps.

Flood Risk

Flood zone data not yet available for this listing. Check FEMA Flood Map

Source: FEMA National Flood Hazard Layer. Insurance estimates are ranges only — get a quote for accurate pricing.

Price History

Date
Event
Price
  • 9/24/25
    Listed
    $309K
    $182/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
At market value
Median comparable close price: $313,000
Typical Offer Discount
99.3% of list price
At that rate, a competitive offer ≈ $306,556
Price Reductions
No reductions
Listed price has not changed since hitting the market
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
0.37 acres (16,117 sqft)
Full Baths
2
Garage
2 car
Days on Market
341
MLS Area
340 - NE Palm Bay

Schools

Elementary

Port Malabar

Middle School

Stone

High School

Palm Bay

Financial & Listing Details

Listed
Sep 24, 2025
Parcel #
28-37-33-75-02195.0-0002.00
$309K

Listing Agent (for property info)

W
Wiley H Elliott
CENTURY 21 Circle
321-536-1487
Call Listing Agent

Estimated Monthly Payment

$2,085/mo
Principal & interest
$1,626
Property taxes
$309
Insurance
$150

Based on a 6.90% rate, 30-year loan, and $309K price — down payment shown: $61,740.

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# 1057913

What's Nearby

government
Interchange Square Post Office
0.3 mi away
government
Palm Bay Firefighters Benevolent
0.4 mi away
shopping
Mobil Mart
0.4 mi away
home improvement
Harbor Freight Tools
0.4 mi away
restaurants
McDonald's
0.4 mi away
vets
Ark and Bark Animal Hospital
0.4 mi away
shopping
7-Eleven
0.5 mi away
parks
Playsmart Playground
0.5 mi away

Interested in this property?

Equal Housing Opportunity

MLS# 1057913 · Listing Broker: CENTURY 21 Circle · 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.