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For SaleTownhouse
$165K
1485 Malibu Circle NE #112, Palm Bay, FL 32905
Palm Bay Waterfront neighborhood
Subdivision: Port Malabar Country Club Unit 7 Pt of Second Repl
2
Bedrooms
2
Bathrooms
836
Sq Ft
1985
Year Built
$197 /sqft

About This Property

Description from listing agent

Accepting backup offers! Waterfront townhouse ready for its new owner! This stunning corner-unit townhouse features a split-bedroom floor plan with 2 bedrooms, 2 full bathrooms, and a spacious living area with vaulted ceilings that create an open and airy feel. The kitchen offers plenty of cabinet and counter space, white shaker cabinets, stylish backsplash, and a sliding glass door leading to the front porch, perfect for enjoying your morning coffee. Indoor washer and dryer are included for added convenience. Primary bedroom has a west facing window to capture sunsets and view the pond. Enjoy a private courtyard with storage closet, while the rear porch entrance leads directly toward the lake, creating a peaceful waterfront setting. Home also features two separate entrances for added accessibility. Property is not currently homesteaded, offering potential tax savings for buyers who make it their primary residence. Transferable home warranty included! VIEW TODAY!

Space Coast Context

🚀 Launch Viewing — Fair Views

36.9 mi from SLC-40

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

Aerospace Commute Guide
L3Harris4.7 mi~10 min
Northrop6.7 mi~15 min
Blue Origin31 mi~1h 9m
SpaceX32.1 mi~1h 12m
Lockheed32.1 mi~1h 12m
Boeing/KSC33.7 mi~1h 15m
KSC34.1 mi~1h 16m

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.

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
0.07 acres (3,049 sqft)
Full Baths
2
HOA Fee
$355/mo
Waterfront
Yes
Days on Market
158
MLS Area
340 - NE Palm Bay

Community & HOA

HOA

  • Name: MALIBU VILLAS PROPERTY OWNERS ASSOCIATION, INC.
  • Fee: $355 / monthly

Schools

Middle School

Stone

High School

Palm Bay

Financial & Listing Details

Listed
Mar 25, 2026
Parcel #
28-37-20-76-00121.0-0007.00
$165K

Listing Agent (for property info)

R
Robert Klingensmith
Lokation Real Estate
321-408-2033
Call Listing Agent

Estimated Monthly Payment

$1,539/mo
Principal & interest
$869
Property taxes
$165
Insurance & HOA
$505

Based on a 6.90% rate, 30-year loan, and $165K price — down payment shown: $32,980.

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# 1072904

What's Nearby

schools
Riviera Elementary School
0.2 mi away
restaurants
Dunkin'
0.3 mi away
restaurants
7 Brew Coffee
0.3 mi away
coffee shops
7 Brew Coffee
0.3 mi away
shopping
Wawa
0.3 mi away
grocery
ALDI
0.3 mi away
restaurants
Starbucks
0.4 mi away
coffee shops
Starbucks
0.4 mi away

Interested in this property?

Equal Housing Opportunity

MLS# 1072904 · Listing Broker: Lokation 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.