1 / 20
For SaleSingle Family Home
$275K
2566 Spence Drive NE, Palm Bay, FL 32905
Palm Bay Waterfront neighborhood
Subdivision: Farview Subd Replat of Pt of
3
Bedrooms
3
Bathrooms
1,100
Sq Ft
2018
Year Built
$250 /sqft

About This Property

Description from listing agent

Completely Remodeled 3-Bedroom Home in NE Palm Bay - Big Value in a Smart Space Welcome home to this beautifully remodeled 3-bedroom, 2.5-bath residence in desirable NE Palm Bay, right off of US-1. Thoughtfully designed to make the most of every square foot, this home offers a comfortable layout, stylish updates, and everyday functionality. kitchen features ample cabinet storage and a practical layout for easy meal prep. The primary bedroom includes a private en-suite bath, while two additional bedrooms offer flexibility for family, guests, or a home office. A unique bonus, the detached Air-Conditioned laundry room includes a convenient half bath. City water and sewer service complete the package. Perfect for first-time buyers, downsizers, or investors, this home delivers modern comfort, affordability, and smart design in one tidy footprint. This is a 1952 built property with an effective age of 2018 Ideally located near the Indian River, FIT & Downtown Melbourne

Space Coast Context

🚀 Launch Viewing — Good Views

34.7 mi from SLC-40

34.7 miles from SLC-40 — visible on clear days, especially at night.

Aerospace Commute Guide
L3Harris3.6 mi~8 min
Northrop5 mi~11 min
Blue Origin28.6 mi~1h 4m
Lockheed29.8 mi~1h 6m
SpaceX29.9 mi~1h 7m
Boeing/KSC31.9 mi~1h 11m
KSC32.5 mi~1h 12m

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

Price history and market context for this listing.

Price Reductions
No reductions
Listed price has not changed since hitting the market
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
Half Baths
1
Days on Market
88
MLS Area
340 - NE Palm Bay

Schools

Middle School

Stone

High School

Palm Bay

Financial & Listing Details

Listed
Apr 28, 2026
Parcel #
28-37-11-76-0000e.0-0016.00
$275K

Listing Agent (for property info)

K
Kim Wilson
Waterman Real Estate, Inc.
321-863-8027
Call Listing Agent

Estimated Monthly Payment

$1,873/mo
Principal & interest
$1,448
Property taxes
$275
Insurance
$150

Based on a 6.90% rate, 30-year loan, and $275K price — down payment shown: $54,980.

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# 1075807

Interested in this property?

Equal Housing Opportunity

MLS# 1075807 · Listing Broker: Waterman 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.