1372 Vancouver Ave SE · Palm Bay, FL 32909

$324,900

4 bd · 2.0 ba · 1,876 sqft · Land · 42 Days on market

Built 2026 10,019 sqft lot

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Why this score? — see what drove the D+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +11.3/30.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• Schools +4.7/10.0
• Livability +3.6/5.0
• Rent growth +3.4/5.0
• DSCR +3.3/10.0
• Condition / age +2.5/5.0
• 1% rule +1.9/10.0

Listing remarks MLS

Welcome to The Marigold - Elegant, Spacious Living Discover The Marigold in Melbourne, a charming and practical four-bedroom home designed with your family's comfort in mind. Enter through the modest front porch into a welcoming foyer that leads you past the bedrooms and into the impressive great room-a perfect space for relaxing and entertaining. The large eat-in kitchen features a convenient island ideal for cooking, dining, or hosting guests. Just off the kitchen, a spacious flex area provides endless possibilities-whether you choose a cozy breakfast nook or an informal seating space. Extend your living outdoors with an optional concrete patio off the flex space. This home includes four bedrooms, highlighted by a private owner's suite at the back of the house, complete with a generous walk-in closet and a luxurious bathroom retreat. Bedrooms two and three share a full bathroom, and the third bedroom at the front offers its own sizable walk-in closet. With 1,876 finished square feet, The Marigold offers plenty of space to accommodate growing families comfortably. The laundry room is thoughtfully tucked behind the kitchen with convenient access to the garage, doubling as a practical mudroom. The Marigold also includes a 2-car garage designed to fit two vehicles-or one vehicle plus a workbench or storage area to suit your needs. Make your new home truly yours by selecting from customizable color packages tailored to your style. Schedule a tour today with one of our

Key facts

• Open floor plan
• Owner's bath
• Dual vanities

Tags

• OPEN FLOOR PLAN
• FLEX SPACE
• WALK-IN CLOSET
• OWNER'S BATH
• DUAL VANITIES
• WALK-IN SHOWER

Property features AI

Exterior

• Parking: Attached 2-car garage with garage door opener
• Security: Smoke detectors
• Utilities: Aerobic septic system; Cable available
• Home design: Single-family residence; One-story home; Faces east; New construction
• Construction: Block and stucco construction; Shingle roof; New construction
• Exterior features: Screened-in patio off flex space; Patio; Storm shutters

Interior

• Kitchen: Eat-in kitchen with island and pantry; Microwave; Electric range; Dishwasher; Electric water heater
• Bedrooms: 4 bedrooms, all on the first floor; Primary bedroom with walk-in closet, ensuite shower and dual sinks; Bedroom 2 with built-in closet; Bedroom 3 with walk-in closet; Bedroom 4 with built-in closet
• Flooring: Ceramic tile in main living areas and kitchen; Carpet in bedrooms
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Open floorplan; Entrance foyer; Kitchen island; Pantry; Primary bathroom with shower (no tub); Primary bedroom on main level; Smart home features including smart thermostat; Walk-in closets
• Laundry & utility: Washer hookup; Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath land listed at $325k.

Deal economics

• At list price, monthly cash flow is $-116 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $304k (6.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $226k (30.6% below list).
• Recommended offer: $226k (30.6% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 72/100 on livability (#366 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: employment D+, amenities F, health & safety D-.
• Brevard (suburban): math 53% / reading 57% proficiency, ranked #19 of 73 in FL (top 26%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Columbia Elementary School (math 52% / reading 47%, grade D, #1,088 of 2,144 statewide, top 53%, 506 students, 68% FRL); Stone Magnet Middle School (math 33% / reading 35%, grade F, #426 of 571 statewide, top 75%, 670 students, 69% FRL); Bayside High School (math 27% / reading 40%, grade F, #400 of 667 statewide, top 61%, 1,854 students, 51% FRL) — zoned schools average 63% FRL vs 43% district-wide (20 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 39% at this address vs 55% district-wide (-16 pts) — the specific schools serving this property underperform the Brevard average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising (+3.7%/yr); 1111 active listings in the ZIP; 25 comparable units currently listed for rent nearby; rentals at typical pace (median 20d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 4,602 units permitted in Brevard County in 2024 (702 in 5+ unit buildings).
• This rent runs 34% of the median local income ($80k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $35k of equity ($2k loan paydown + $32k appreciation (10.0% local appreciation)).
• Brevard County population projected at +15% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• By year 2, paydown + projected appreciation supports a ~$56k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 42 days — a 3% lower offer ($315k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 13y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $58k; list at $325k implies a 460% gain — meaningful room to come down on a strong offer.

Recommended offer $225,551 (30.6% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 42 days. Have you received any prior offers? Is the seller open to a 31% concession, seller financing, or rate buy-down credit?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.69% ✗
• Cap rate: 5.86%
• Cash-on-cash: -1.53%
• DSCR: 0.93
• GRM: 12.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

10.0% appreciation · 3.67% rent growth · sell at horizon

5-year hold

• IRR: 23.3%
• Equity multiple: 2.88×
• Total profit: $170,911
• Equity at exit: $292,696

10-year hold

• IRR: 20.9%
• Equity multiple: 6.63×
• Total profit: $511,952
• Equity at exit: $631,209

Cash invested: $90,972 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

ZIP-level market 32909

• Home prices YoY: 6.0%
• Rents YoY: 3.7%
• Active inventory: 1111
• Price-to-rent: 12.0×

Monthly cashflow live

• Estimated rent: $2,256 high
• Mortgage (P&I): −$1,704
• Tax from tax record: −$59 /mo · $704/yr
• Insurance: −$135
• HOA: −$0
• Vacancy / Maint / Mgmt: −$474
• Net cashflow: $-116

Break-even live

Break-even rent $2,402

Max offer price $304,406

Occupancy floor —

Sensitivity live

Price	-10% $68	-5% $-24	+0% $-116	+5% $-208	+10% $-688
Rent	-10% $-294	-5% $-205	+0% $-116	+5% $-27	+10% $62
Rate	-1.0pp $48	-0.5pp $-33	base $-116	+0.5pp $-200	+1.0pp $-286

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $81,225
• Closing costs: $9,747
• Reserves months: —
• Total cash needed: —

Rent comps 25 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1418 Paley Cir SE Palm Bay, FL	3.0	2.0	1260	$1,850	$1.47	24d	1	0.31mi
1210 Vandalia Ave SE Palm Bay, FL	4.0	2.0	1833	$2,050	$1.12	15d	1	0.39mi
1530 Paley Cir SE Palm Bay, FL	4.0	2.0	1842	$2,095	$1.14	15d	1	0.40mi
1150 Raoul St SE Palm Bay, FL	4.0	2.0	1787	$2,300	$1.29	24d	1	0.41mi
1517 Wacker Ave SE Palm Bay, FL	4.0	2.0	1775	$2,200	$1.24	24d	1	0.55mi
1255 Wadsworth St SE Unit 1255 Palm Bay, FL	3.0	3.0	1747	$2,350	$1.35	20d	1	0.60mi
1643 Talavera St SE Palm Bay, FL	4.0	2.0	1833	$1,861	$1.02	20d	1	0.61mi
1625 Waneta St SE Palm Bay, FL	3.0	2.0	1631	$2,100	$1.29	20d	1	0.66mi
1068 Saint Johns St SE Palm Bay, FL	3.0	2.0	1332	$2,000	$1.50	24d	1	0.67mi
1150 Tiger St SE Palm Bay, FL	3.0	2.0	1690	$1,950	$1.15	15d	1	0.70mi
1674 Waltz St SE Palm Bay, FL	3.0	2.0	1262	$1,831	$1.45	15d	1	0.84mi
2910 Emerson Dr SE Palm Bay, FL	3.0	2.0	1700	$1,950	$1.15	15d	1	1.00mi
822 Seven Gables Cir SE Palm Bay, FL	3.0	2.0	1474	$1,835	$1.24	24d	1	1.01mi
818 Seven Gables Cir SE Palm Bay, FL	3.0	2.0	1490	$1,795	$1.20	24d	1	1.01mi
896 Talmadge Ave SE Palm Bay, FL	3.0	2.0	1263	$1,900	$1.50	15d	1	1.03mi
885 Talmadge Ave SE Palm Bay, FL	3.0	2.0	1787	$2,300	$1.29	22d	1	1.04mi
829 Tampa Ave SE Palm Bay, FL	3.0	2.0	1303	$1,740	$1.34	24d	1	1.07mi
721 Taluga Ave SE Palm Bay, FL	3.0	2.0	1556	$1,800	$1.16	24d	1	1.23mi
1290 Sail Ct SE Palm Bay, FL	3.0	2.0	1509	$1,945	$1.29	24d	1	1.24mi
2036 Walsh Ave SE Palm Bay, FL	3.0	2.0	1331	$1,930	$1.45	24d	1	1.25mi
1205 Jaslo St SE Palm Bay, FL	1.0–3.0	1.0–2.0	992	$2,245	$2.26	15d	8	1.34mi
710 Avalon St SE Palm Bay, FL	3.0	2.0	1378	$1,995	$1.45	24d	1	1.40mi
647 Airoso Rd SE Palm Bay, FL	4.0	3.0	2365	$2,900	$1.23	14d	1	1.43mi
1224 Buffing Cir SE Palm Bay, FL	4.0	2.0	2233	$2,395	$1.07	15d	1	1.46mi
1129 Colonial Ave SE Palm Bay, FL	4.0	3.0	2008	$2,500	$1.25	20d	1	1.47mi

Listing history 30 events

1. 2026-06-18
   days on market $324,900 Active 42 DOM
2. 2026-06-17
   days on market $324,900 Active 41 DOM
3. 2026-06-16
   days on market $324,900 Active 40 DOM
4. 2026-06-15
   days on market $324,900 Active 39 DOM
5. 2026-06-14
   days on market $324,900 Active 37 DOM
6. 2026-06-10
   days on market $324,900 Active 34 DOM
7. 2026-06-08
   days on market $324,900 Active 32 DOM
8. 2026-06-07
   days on market $324,900 Active 31 DOM
9. 2026-06-05
   days on market $324,900 Active 28 DOM
10. 2026-06-03
    days on market $324,900 Active 27 DOM
11. 2026-06-02
    days on market $324,900 Active 26 DOM
12. 2026-06-01
    days on market $324,900 Active 25 DOM
13. 2026-05-31
    days on market $324,900 Active 24 DOM
14. 2026-05-31
    days on market $324,900 Active 23 DOM
15. 2026-05-07
    listed $324,900 Active
16. 2026-05-01
    listed $324,900 Active 1489-char remark

    Show marketing remark (1489 chars)

    Welcome to The Marigold - Elegant, Spacious Living Discover The Marigold in Melbourne, a charming and practical four-bedroom home designed with your family's comfort in mind. Enter through the modest front porch into a welcoming foyer that leads you past the bedrooms and into the impressive great room-a perfect space for relaxing and entertaining. The large eat-in kitchen features a convenient island ideal for cooking, dining, or hosting guests. Just off the kitchen, a spacious flex area provides endless possibilities-whether you choose a cozy breakfast nook or an informal seating space. Extend your living outdoors with an optional concrete patio off the flex space. This home includes four bedrooms, highlighted by a private owner's suite at the back of the house, complete with a generous walk-in closet and a luxurious bathroom retreat. Bedrooms two and three share a full bathroom, and the third bedroom at the front offers its own sizable walk-in closet. With 1,876 finished square feet, The Marigold offers plenty of space to accommodate growing families comfortably. The laundry room is thoughtfully tucked behind the kitchen with convenient access to the garage, doubling as a practical mudroom. The Marigold also includes a 2-car garage designed to fit two vehicles-or one vehicle plus a workbench or storage area to suit your needs. Make your new home truly yours by selecting from customizable color packages tailored to your style. Schedule a tour today with one of our

17. 2026-01-27
    soldstatus $58,000 Closed 907-char remark

    Show marketing remark (907 chars)

    CONVENIENTLY LOCATED AND EASY TO FIND, THIS BEAUTIFUL CITY WATER HOMESITE SITS IN A WELL-ESTABLISHED, NICELY DEVELOPED NEIGHBORHOOD WITHIN WALKING DISTANCE TO COLUMBIA ELEMENTARY SCHOOL. WITH NUMEROUS NEW HOMES RISING THROUGHOUT THE AREA, THIS PROPERTY OFFERS A PRIME OPPORTUNITY TO BUILD YOUR DREAM RESIDENCE. THE LOT TO THE SOUTH IS ALSO AVAILABLE AT THE SAME PRICE, ALLOWING YOU THE OPTION TO PURCHASE BOTH AND ENJOY NEARLY A HALF ACRE OF SPACE TO SPREAD OUT. YOU'LL APPRECIATE THE CLOSE PROXIMITY TO MULTIPLE COMMERCIAL DISTRICTS. JUST SIX MINUTES DOWN WACO TO EMERSON, BAYSIDE LAKES FEATURES PUBLIX, WALGREENS, DUNKIN, STARBUCKS, A MEDICAL COMPLEX, RESTAURANTS, AND MORE. OR HEAD TEN MINUTES NORTH TO THE POPULAR MALABAR ROAD CORRIDOR WITH MAJOR RETAILERS, BANKING, DINING, AND QUICK I-95 ACCESS. DRIVE BY AND EXPLORE THIS HIGH, DRY, PARTIALLY CLEARED PROPERY. THE PERFECT SETTING FOR YOUR FUTURE HOME!

18. 2026-01-27
    soldstatus $116,000

    Show marketing remark (907 chars)

    CONVENIENTLY LOCATED AND EASY TO FIND, THIS BEAUTIFUL CITY WATER HOMESITE SITS IN A WELL-ESTABLISHED, NICELY DEVELOPED NEIGHBORHOOD WITHIN WALKING DISTANCE TO COLUMBIA ELEMENTARY SCHOOL. WITH NUMEROUS NEW HOMES RISING THROUGHOUT THE AREA, THIS PROPERTY OFFERS A PRIME OPPORTUNITY TO BUILD YOUR DREAM RESIDENCE. THE LOT TO THE SOUTH IS ALSO AVAILABLE AT THE SAME PRICE, ALLOWING YOU THE OPTION TO PURCHASE BOTH AND ENJOY NEARLY A HALF ACRE OF SPACE TO SPREAD OUT. YOU'LL APPRECIATE THE CLOSE PROXIMITY TO MULTIPLE COMMERCIAL DISTRICTS. JUST SIX MINUTES DOWN WACO TO EMERSON, BAYSIDE LAKES FEATURES PUBLIX, WALGREENS, DUNKIN, STARBUCKS, A MEDICAL COMPLEX, RESTAURANTS, AND MORE. OR HEAD TEN MINUTES NORTH TO THE POPULAR MALABAR ROAD CORRIDOR WITH MAJOR RETAILERS, BANKING, DINING, AND QUICK I-95 ACCESS. DRIVE BY AND EXPLORE THIS HIGH, DRY, PARTIALLY CLEARED PROPERY. THE PERFECT SETTING FOR YOUR FUTURE HOME!

19. 2025-12-11
    status Pending 907-char remark

    Show marketing remark (907 chars)

    CONVENIENTLY LOCATED AND EASY TO FIND, THIS BEAUTIFUL CITY WATER HOMESITE SITS IN A WELL-ESTABLISHED, NICELY DEVELOPED NEIGHBORHOOD WITHIN WALKING DISTANCE TO COLUMBIA ELEMENTARY SCHOOL. WITH NUMEROUS NEW HOMES RISING THROUGHOUT THE AREA, THIS PROPERTY OFFERS A PRIME OPPORTUNITY TO BUILD YOUR DREAM RESIDENCE. THE LOT TO THE SOUTH IS ALSO AVAILABLE AT THE SAME PRICE, ALLOWING YOU THE OPTION TO PURCHASE BOTH AND ENJOY NEARLY A HALF ACRE OF SPACE TO SPREAD OUT. YOU'LL APPRECIATE THE CLOSE PROXIMITY TO MULTIPLE COMMERCIAL DISTRICTS. JUST SIX MINUTES DOWN WACO TO EMERSON, BAYSIDE LAKES FEATURES PUBLIX, WALGREENS, DUNKIN, STARBUCKS, A MEDICAL COMPLEX, RESTAURANTS, AND MORE. OR HEAD TEN MINUTES NORTH TO THE POPULAR MALABAR ROAD CORRIDOR WITH MAJOR RETAILERS, BANKING, DINING, AND QUICK I-95 ACCESS. DRIVE BY AND EXPLORE THIS HIGH, DRY, PARTIALLY CLEARED PROPERY. THE PERFECT SETTING FOR YOUR FUTURE HOME!

20. 2025-12-09
    price $59,900 907-char remark

    Show marketing remark (907 chars)

    CONVENIENTLY LOCATED AND EASY TO FIND, THIS BEAUTIFUL CITY WATER HOMESITE SITS IN A WELL-ESTABLISHED, NICELY DEVELOPED NEIGHBORHOOD WITHIN WALKING DISTANCE TO COLUMBIA ELEMENTARY SCHOOL. WITH NUMEROUS NEW HOMES RISING THROUGHOUT THE AREA, THIS PROPERTY OFFERS A PRIME OPPORTUNITY TO BUILD YOUR DREAM RESIDENCE. THE LOT TO THE SOUTH IS ALSO AVAILABLE AT THE SAME PRICE, ALLOWING YOU THE OPTION TO PURCHASE BOTH AND ENJOY NEARLY A HALF ACRE OF SPACE TO SPREAD OUT. YOU'LL APPRECIATE THE CLOSE PROXIMITY TO MULTIPLE COMMERCIAL DISTRICTS. JUST SIX MINUTES DOWN WACO TO EMERSON, BAYSIDE LAKES FEATURES PUBLIX, WALGREENS, DUNKIN, STARBUCKS, A MEDICAL COMPLEX, RESTAURANTS, AND MORE. OR HEAD TEN MINUTES NORTH TO THE POPULAR MALABAR ROAD CORRIDOR WITH MAJOR RETAILERS, BANKING, DINING, AND QUICK I-95 ACCESS. DRIVE BY AND EXPLORE THIS HIGH, DRY, PARTIALLY CLEARED PROPERY. THE PERFECT SETTING FOR YOUR FUTURE HOME!

21. 2025-12-08
    status Active 907-char remark

    Show marketing remark (907 chars)

    CONVENIENTLY LOCATED AND EASY TO FIND, THIS BEAUTIFUL CITY WATER HOMESITE SITS IN A WELL-ESTABLISHED, NICELY DEVELOPED NEIGHBORHOOD WITHIN WALKING DISTANCE TO COLUMBIA ELEMENTARY SCHOOL. WITH NUMEROUS NEW HOMES RISING THROUGHOUT THE AREA, THIS PROPERTY OFFERS A PRIME OPPORTUNITY TO BUILD YOUR DREAM RESIDENCE. THE LOT TO THE SOUTH IS ALSO AVAILABLE AT THE SAME PRICE, ALLOWING YOU THE OPTION TO PURCHASE BOTH AND ENJOY NEARLY A HALF ACRE OF SPACE TO SPREAD OUT. YOU'LL APPRECIATE THE CLOSE PROXIMITY TO MULTIPLE COMMERCIAL DISTRICTS. JUST SIX MINUTES DOWN WACO TO EMERSON, BAYSIDE LAKES FEATURES PUBLIX, WALGREENS, DUNKIN, STARBUCKS, A MEDICAL COMPLEX, RESTAURANTS, AND MORE. OR HEAD TEN MINUTES NORTH TO THE POPULAR MALABAR ROAD CORRIDOR WITH MAJOR RETAILERS, BANKING, DINING, AND QUICK I-95 ACCESS. DRIVE BY AND EXPLORE THIS HIGH, DRY, PARTIALLY CLEARED PROPERY. THE PERFECT SETTING FOR YOUR FUTURE HOME!

22. 2025-12-08
    status Pending 907-char remark

    Show marketing remark (907 chars)

    CONVENIENTLY LOCATED AND EASY TO FIND, THIS BEAUTIFUL CITY WATER HOMESITE SITS IN A WELL-ESTABLISHED, NICELY DEVELOPED NEIGHBORHOOD WITHIN WALKING DISTANCE TO COLUMBIA ELEMENTARY SCHOOL. WITH NUMEROUS NEW HOMES RISING THROUGHOUT THE AREA, THIS PROPERTY OFFERS A PRIME OPPORTUNITY TO BUILD YOUR DREAM RESIDENCE. THE LOT TO THE SOUTH IS ALSO AVAILABLE AT THE SAME PRICE, ALLOWING YOU THE OPTION TO PURCHASE BOTH AND ENJOY NEARLY A HALF ACRE OF SPACE TO SPREAD OUT. YOU'LL APPRECIATE THE CLOSE PROXIMITY TO MULTIPLE COMMERCIAL DISTRICTS. JUST SIX MINUTES DOWN WACO TO EMERSON, BAYSIDE LAKES FEATURES PUBLIX, WALGREENS, DUNKIN, STARBUCKS, A MEDICAL COMPLEX, RESTAURANTS, AND MORE. OR HEAD TEN MINUTES NORTH TO THE POPULAR MALABAR ROAD CORRIDOR WITH MAJOR RETAILERS, BANKING, DINING, AND QUICK I-95 ACCESS. DRIVE BY AND EXPLORE THIS HIGH, DRY, PARTIALLY CLEARED PROPERY. THE PERFECT SETTING FOR YOUR FUTURE HOME!

23. 2025-11-13
    listed $63,000 Active 907-char remark

    Show marketing remark (907 chars)

    CONVENIENTLY LOCATED AND EASY TO FIND, THIS BEAUTIFUL CITY WATER HOMESITE SITS IN A WELL-ESTABLISHED, NICELY DEVELOPED NEIGHBORHOOD WITHIN WALKING DISTANCE TO COLUMBIA ELEMENTARY SCHOOL. WITH NUMEROUS NEW HOMES RISING THROUGHOUT THE AREA, THIS PROPERTY OFFERS A PRIME OPPORTUNITY TO BUILD YOUR DREAM RESIDENCE. THE LOT TO THE SOUTH IS ALSO AVAILABLE AT THE SAME PRICE, ALLOWING YOU THE OPTION TO PURCHASE BOTH AND ENJOY NEARLY A HALF ACRE OF SPACE TO SPREAD OUT. YOU'LL APPRECIATE THE CLOSE PROXIMITY TO MULTIPLE COMMERCIAL DISTRICTS. JUST SIX MINUTES DOWN WACO TO EMERSON, BAYSIDE LAKES FEATURES PUBLIX, WALGREENS, DUNKIN, STARBUCKS, A MEDICAL COMPLEX, RESTAURANTS, AND MORE. OR HEAD TEN MINUTES NORTH TO THE POPULAR MALABAR ROAD CORRIDOR WITH MAJOR RETAILERS, BANKING, DINING, AND QUICK I-95 ACCESS. DRIVE BY AND EXPLORE THIS HIGH, DRY, PARTIALLY CLEARED PROPERY. THE PERFECT SETTING FOR YOUR FUTURE HOME!

24. 2025-11-12
    historical
25. 2025-10-02
    listed $69,900 Active
26. 2023-03-24
    soldstatus $240,000
27. 2013-09-19
    historical
28. 2013-02-15
    listed $115,900
29. 1999-03-31
    soldstatus $74,000
30. 1995-10-23
    soldstatus $8,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast FL · Resets to sale price

• Current annual tax: $704 · $59/mo
• Projected year-2 tax: $2,697 · $225/mo
• Expected delta: +$1,993/yr (+$166/mo · 283.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Taxation est. · year 1

• Rental income: $27,066
• − Mortgage interest: −$18,199
• − Property taxes: −$704
• − Insurance: −$1,624
• − Repairs & maintenance: −$2,165
• − Management: −$2,165
• − Depreciation: −$9,452
• Taxable loss: −$7,244
• Est. tax savings @ 24.0%: +$1,739
• After-tax cash flow: $346/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Brevard
• NCES district ID: 1200150
• Math proficiency: 53% ▼ -9.00%
• Reading proficiency: 57% ▼ -4.00%
• Median HH income: $49,426
• Composite: 46.86/100
• National rank: #2370
• State rank: #19 of 73 in FL

Livability — Palm Bay

• Score: 72/100
• State rank: #366
• US rank: #6458

Category grades

Amenities F Commute C+ Cost of living A+ Crime C+ Employment D+ Housing A+ Health & safety D- User ratings C-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Palm Bay, FL
• County: Brevard County · 602,871 people
• City population: 132,211
• Metro: Palm Bay-Melbourne-Titusville, FL
• Population (ZIP): 41,804
• Household income: $79,977
• Rent vs Own: 17.3% rent · 82.7% own
• Severe rent burden: 697.0

Population outlook (Brevard County) Hauer SSP2

• Today (2025): 623,254 people
• By 2030: 648,420 · +4.0%
• By 2040: 690,009 · +10.7%
• By 2050: 715,669 · +14.8%
• By 2075: 775,744 · +24.5%
• By 2100: 776,687 · +24.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.70)
• Race & ethnicity: White 46% Black 21% Hispanic / Latino 20% Two or more races 16% Asian 4%
• Hispanic origin (detail): Mexican 2% Puerto Rican 8% Cuban 5%
• Common ancestry: Hispanic 3% Slovak 2% Lithuanian 2%
• Foreign-born: 17% · Canada, China, Jamaica
• Languages at home: 84% English-only · Spanish 9% French/Haitian/Cajun 4% Chinese 1%

Political lean MEDSL · Brevard

• 2024 margin: Strong R (+20.8) · D 39.1% · R 59.9% · Other 1.0%
• 2008→2024 swing: -10.4pp toward R · 2008: -10.4pp · 2024: -20.8pp
• All cycles: 2024: R+20.8 2020: R+16.4 2016: R+19.8 2012: R+12.7 2008: R+10.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 18.81%
• Current HPI: 330.8595
• Rent YoY: ▲ 3.67%
• Metro: Palm Bay-Melbourne-Titusville, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

+3961.2% since first listed

16 events — show timeline

• 2026-05-07 Listed $324,900 SCMLS
• 2026-05-01 Listed $324,900 Zillow
• 2026-01-27 Sold (Public Records) $116,000 Public Records
• 2026-01-27 Sold (MLS) $58,000 SCMLS
• 2025-12-11 Pending — SCMLS
• 2025-12-09 Price Changed $59,900 SCMLS
• 2025-12-08 Relisted — SCMLS
• 2025-12-08 Pending — SCMLS
• 2025-11-13 Listed $63,000 SCMLS
• 2025-11-12 Listing Removed — SCMLS
• 2025-10-02 Listed $69,900 SCMLS
• 2023-03-24 Sold (Public Records) $240,000 Public Records
• 2013-09-19 Listing Removed — SCMLS
• 2013-02-15 Listed $115,900 SCMLS
• 1999-03-31 Sold (Public Records) $74,000 Public Records
• 1995-10-23 Sold (Public Records) $8,000 Public Records

Property tax history

-6.2%/yr

Latest (2025): $704 · +12.4% YoY. Source: county tax records.