808 Grandeur St SE · Palm Bay, FL 32909

$372,900

4 bd · 2.0 ba · 2,040 sqft · SingleFamily public records · 95 Days on market

Built 2021 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).

• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• Cash flow +6.5/30.0
• Schools +4.7/10.0
• Livability +3.6/5.0
• Rent growth +3.4/5.0
• Condition / age +2.5/5.0
• 1% rule +1.4/10.0
• DSCR +0.7/10.0

Listing remarks MLS

Stunning 2021 Construction - 4 Bedrooms, 2 Full Baths - Experience modern living at its finest in this beautifully designed newer-build home. Featuring an impressive open-concept layout with vaulted ceilings and a desirable split floor plan. Meticulously maintained and move-in ready, this property delivers outstanding quality, comfort, and long-term value. Homes of this caliber and age are highly sought after—don't miss the chance to secure this exceptional opportunity. The expansive backyard provides a rare opportunity for customization—perfect for outdoor entertaining, future upgrades, or creating a private retreat tailored to your vision. Inside, a dedicated bonus laundry room adds convenience and efficiency to daily living.

Key facts

• Near dining
• Near shopping
• Established home

Tags

• OPEN-CONCEPT FLOOR PLAN
• DURABLE LAMINATE FLOORING
• MOVE-IN-READY OPPORTUNITY
• ESTABLISHED HOME
• NEAR SHOPPING
• NEAR DINING

Property features AI

Exterior

• Parking: Garage; 2-car garage
• Utilities: Public sewer; Water connected
• Home design: Single family residence; North-facing
• Construction: Concrete construction
• Exterior features: Patio

Interior

• Kitchen: Dishwasher; Electric range; Microwave; Refrigerator
• Bedrooms: 4 bedrooms
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fan(s); Open floorplan; Pantry; Primary bathroom with shower (no tub); Walk-in closet(s)
• Laundry & utility: Unfurnished (no washer/dryer included)

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $373k.

Deal economics

• At list price, monthly cash flow is $-636 ($-8k/yr) — negative.
• To cash-flow at today's rent, offer at most $261k (30.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $237k (36.4% below list).
• Recommended offer: $237k (36.4% 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: John F. Turner Senior Elementary School (math 38% / reading 43%, grade F, #1,471 of 2,144 statewide, top 69%, 543 students, 69% FRL); Southwest Middle School (math 40% / reading 39%, grade F, #373 of 571 statewide, top 66%, 920 students, 58% FRL); Heritage High School (math 30% / reading 44%, grade F, #340 of 667 statewide, top 52%, 2,007 students, 62% 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); 1123 active listings in the ZIP; 16 comparable units currently listed for rent nearby; rentals at typical pace (median 23d 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 36% 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 $40k of equity ($3k loan paydown + $37k 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 ~$64k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 95 days — a 9% lower offer ($339k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 20y 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.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $237,236 (36.4% 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 95 days. Have you received any prior offers? Is the seller open to a 36% concession, seller financing, or rate buy-down credit?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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.
7. 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.
8. 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: 0.64% ✗
• Cap rate: 4.25%
• Cash-on-cash: -7.31%
• DSCR: 0.67
• GRM: 13.1

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: 19.3%
• Equity multiple: 2.57×
• Total profit: $164,205
• Equity at exit: $335,938

10-year hold

• IRR: 17.9%
• Equity multiple: 5.97×
• Total profit: $518,746
• Equity at exit: $724,463

Cash invested: $104,412 (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: 1123
• Price-to-rent: 13.1×

Monthly cashflow live

• Estimated rent: $2,372 high
• Mortgage (P&I): −$1,956
• Tax from tax record: −$399 /mo · $4,788/yr
• Insurance: −$155
• HOA: −$0
• Vacancy / Maint / Mgmt: −$498
• Net cashflow: $-636

Break-even live

Break-even rent $3,177

Max offer price $260,595

Occupancy floor —

Sensitivity live

Price	-10% $-425	-5% $-530	+0% $-636	+5% $-741	+10% $-847
Rent	-10% $-823	-5% $-729	+0% $-636	+5% $-542	+10% $-448
Rate	-1.0pp $-448	-0.5pp $-541	base $-636	+0.5pp $-732	+1.0pp $-831

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: $93,225
• Closing costs: $11,187
• Reserves months: —
• Total cash needed: —

Rent comps 16 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
907 Algardi St SE Palm Bay, FL	4.0	2.0	1943	$2,330	$1.20	25d	1	0.43mi
490 Hatcher St SE Palm Bay, FL	4.0	2.0	1833	$2,150	$1.17	23d	1	0.59mi
272 Aquarius Ave SE Palm Bay, FL	4.0	2.0	1650	$1,995	$1.21	25d	1	0.73mi
334 Bordeaux Ave NE Palm Bay, FL	4.0	2.0	2083	$2,250	$1.08	16d	1	0.94mi
309 Cactus St SE Palm Bay, FL	4.0	2.0	1846	$2,195	$1.19	16d	1	0.98mi
214 Eldron Blvd NE Palm Bay, FL	3.0	2.0	1646	$2,075	$1.26	25d	1	1.10mi
721 Taluga Ave SE Palm Bay, FL	3.0	2.0	1556	$1,800	$1.16	25d	1	1.14mi
154 Anderson Ave NE Unit 154 Palm Bay, FL	3.0	2.0	1414	$1,800	$1.27	16d	1	1.20mi
885 Talmadge Ave SE Palm Bay, FL	3.0	2.0	1787	$2,300	$1.29	23d	1	1.23mi
481 Firestone St NE Palm Bay, FL	4.0	2.0	1504	$2,100	$1.40	25d	1	1.25mi
194 Holiday Park Blvd NE Palm Bay, FL	3.0	2.0	1404	$1,695	$1.21	25d	1	1.27mi
647 Airoso Rd SE Palm Bay, FL	4.0	3.0	2365	$2,900	$1.23	15d	1	1.36mi
1129 Colonial Ave SE Palm Bay, FL	4.0	3.0	2008	$2,500	$1.25	21d	1	1.40mi
296 Croquet Ave NE Palm Bay, FL	4.0	2.0	2028	$2,300	$1.13	23d	1	1.40mi
463 Eldron Blvd NE Palm Bay, FL	4.0	2.0	1870	$2,800	$1.50	25d	1	1.44mi
549 Burlington Ave NE Palm Bay, FL	3.0	2.0	1608	$2,075	$1.29	16d	1	1.47mi

Listing history 45 events

1. 2026-06-22
   days on market $372,900 Active 95 DOM
2. 2026-06-18
   days on market $372,900 Active 92 DOM
3. 2026-06-17
   days on market $372,900 Active 91 DOM
4. 2026-06-16
   days on market $372,900 Active 90 DOM
5. 2026-06-15
   days on market $372,900 Active 89 DOM
6. 2026-06-14
   days on market $372,900 Active 87 DOM
7. 2026-06-10
   days on market $372,900 Active 84 DOM
8. 2026-06-08
   days on market $372,900 Active 82 DOM
9. 2026-06-07
   days on market $372,900 Active 81 DOM
10. 2026-06-05
    days on market $372,900 Active 78 DOM
11. 2026-06-03
    days on market $372,900 Active 77 DOM
12. 2026-06-02
    days on market $372,900 Active 76 DOM
13. 2026-06-01
    days on market $372,900 Active 75 DOM
14. 2026-05-31
    days on market $372,900 Active 74 DOM
15. 2026-05-31
    days on market $372,900 Active 73 DOM
16. 2026-05-18
    status Active
17. 2026-05-18
    price $372,900
18. 2026-05-17
    historical
19. 2026-05-08
    price $374,900
20. 2026-05-01
    price $372,900
21. 2026-04-23
    price $374,900
22. 2026-03-17
    listed $375,900 Active
23. 2026-03-03
    historical 749-char remark

    Show marketing remark (627 chars)

    This newer four-bedroom, two-bath home offers modern comfort and effortless living. The thoughtfully designed floor plan features spacious bedrooms, updated bathrooms, and a bright, open layout ideal for both everyday life and entertaining. The stellar kitchen is a true centerpiece, showcasing modern finishes, ample counter space, and seamless flow into the main living areas. Step outside to an open backyard that provides plenty of room to relax, play, or create your own outdoor retreat. With contemporary features throughout and a welcoming, move-in-ready feel, this home perfectly blends style, space, and functionality.

24. 2026-03-03
    historical 627-char remark

    Show marketing remark (627 chars)

    This newer four-bedroom, two-bath home offers modern comfort and effortless living. The thoughtfully designed floor plan features spacious bedrooms, updated bathrooms, and a bright, open layout ideal for both everyday life and entertaining. The stellar kitchen is a true centerpiece, showcasing modern finishes, ample counter space, and seamless flow into the main living areas. Step outside to an open backyard that provides plenty of room to relax, play, or create your own outdoor retreat. With contemporary features throughout and a welcoming, move-in-ready feel, this home perfectly blends style, space, and functionality.

25. 2026-01-13
    price $375,900 627-char remark

    Show marketing remark (627 chars)

    This newer four-bedroom, two-bath home offers modern comfort and effortless living. The thoughtfully designed floor plan features spacious bedrooms, updated bathrooms, and a bright, open layout ideal for both everyday life and entertaining. The stellar kitchen is a true centerpiece, showcasing modern finishes, ample counter space, and seamless flow into the main living areas. Step outside to an open backyard that provides plenty of room to relax, play, or create your own outdoor retreat. With contemporary features throughout and a welcoming, move-in-ready feel, this home perfectly blends style, space, and functionality.

26. 2025-12-28
    price $375,900 749-char remark

    Show marketing remark (749 chars)

    Stunning 2021 Construction - 4 Bedrooms, 2 Full Baths - Experience modern living at its finest in this beautifully designed newer-build home. Featuring an impressive open-concept layout with vaulted ceilings and a desirable split floor plan. Meticulously maintained and move-in ready, this property delivers outstanding quality, comfort, and long-term value. Homes of this caliber and age are highly sought after—don't miss the chance to secure this exceptional opportunity. The expansive backyard provides a rare opportunity for customization—perfect for outdoor entertaining, future upgrades, or creating a private retreat tailored to your vision. Inside, a dedicated bonus laundry room adds convenience and efficiency to daily living.

27. 2025-12-10
    listed $385,000 Active 749-char remark

    Show marketing remark (749 chars)

    Stunning 2021 Construction - 4 Bedrooms, 2 Full Baths - Experience modern living at its finest in this beautifully designed newer-build home. Featuring an impressive open-concept layout with vaulted ceilings and a desirable split floor plan. Meticulously maintained and move-in ready, this property delivers outstanding quality, comfort, and long-term value. Homes of this caliber and age are highly sought after—don't miss the chance to secure this exceptional opportunity. The expansive backyard provides a rare opportunity for customization—perfect for outdoor entertaining, future upgrades, or creating a private retreat tailored to your vision. Inside, a dedicated bonus laundry room adds convenience and efficiency to daily living.

28. 2025-12-06
    historical $385,000 749-char remark

    Show marketing remark (749 chars)

    Stunning 2021 Construction - 4 Bedrooms, 2 Full Baths - Experience modern living at its finest in this beautifully designed newer-build home. Featuring an impressive open-concept layout with vaulted ceilings and a desirable split floor plan. Meticulously maintained and move-in ready, this property delivers outstanding quality, comfort, and long-term value. Homes of this caliber and age are highly sought after—don't miss the chance to secure this exceptional opportunity. The expansive backyard provides a rare opportunity for customization—perfect for outdoor entertaining, future upgrades, or creating a private retreat tailored to your vision. Inside, a dedicated bonus laundry room adds convenience and efficiency to daily living.

29. 2025-12-02
    listed $375,000 Active 627-char remark

    Show marketing remark (627 chars)

    This newer four-bedroom, two-bath home offers modern comfort and effortless living. The thoughtfully designed floor plan features spacious bedrooms, updated bathrooms, and a bright, open layout ideal for both everyday life and entertaining. The stellar kitchen is a true centerpiece, showcasing modern finishes, ample counter space, and seamless flow into the main living areas. Step outside to an open backyard that provides plenty of room to relax, play, or create your own outdoor retreat. With contemporary features throughout and a welcoming, move-in-ready feel, this home perfectly blends style, space, and functionality.

30. 2025-11-28
    historical
31. 2025-09-29
    listed $375,000 Active
32. 2022-12-01
    soldstatus $344,500 Closed
33. 2022-12-01
    soldstatus $344,500
34. 2022-11-22
    historical Contingent
35. 2022-11-10
    price $375,000
36. 2022-10-03
    price $415,000
37. 2022-09-14
    listed $425,000 Active
38. 2021-03-31
    soldstatus $279,484 Closed
39. 2020-11-11
    historical
40. 2020-11-09
    listed $279,484
41. 2020-01-27
    soldstatus $30,500
42. 2020-01-24
    soldstatus $30,500
43. 2019-09-13
    listed $35,000
44. 2006-08-31
    historical
45. 2006-03-31
    listed $71,500

ⓘ 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: $4,788 · $399/mo
• Projected year-2 tax: $4,788 · $399/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°F today · 22 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $28,468
• − Mortgage interest: −$20,888
• − Property taxes: −$4,788
• − Insurance: −$1,864
• − Repairs & maintenance: −$2,277
• − Management: −$2,277
• − Depreciation: −$10,848
• Taxable loss: −$14,475
• Est. tax savings @ 24.0%: +$3,474
• After-tax cash flow: $-4,155/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

+421.5% since first listed

30 events — show timeline

• 2026-05-18 Relisted — SCMLS
• 2026-05-18 Price Changed $372,900 SCMLS
• 2026-05-17 Listing Removed — SCMLS
• 2026-05-08 Price Changed $374,900 SCMLS
• 2026-05-01 Price Changed $372,900 SCMLS
• 2026-04-23 Price Changed $374,900 SCMLS
• 2026-03-17 Listed $375,900 SCMLS
• 2026-03-03 Listing Removed — SCMLS
• 2026-03-03 Listing Removed — SCMLS
• 2026-01-13 Price Changed $375,900 SCMLS
• 2025-12-28 Price Changed $375,900 SCMLS
• 2025-12-10 Listed $385,000 SCMLS
• 2025-12-06 Coming Soon $385,000 SCMLS
• 2025-12-02 Listed $375,000 SCMLS
• 2025-11-28 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-09-29 Listed $375,000 Stellar MLS as Distributed by MLS Grid
• 2022-12-01 Sold (Public Records) $344,500 Public Records
• 2022-12-01 Sold (MLS) $344,500 SCMLS
• 2022-11-22 Contingent — SCMLS
• 2022-11-10 Price Changed $375,000 SCMLS
• 2022-10-03 Price Changed $415,000 SCMLS
• 2022-09-14 Listed $425,000 SCMLS
• 2021-03-31 Sold (MLS) $279,484 SCMLS
• 2020-11-11 Listing Removed — SCMLS
• 2020-11-09 Listed $279,484 SCMLS
• 2020-01-27 Sold (MLS) $30,500 SCMLS
• 2020-01-24 Sold (Public Records) $30,500 Public Records
• 2019-09-13 Listed $35,000 SCMLS
• 2006-08-31 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2006-03-31 Listed $71,500 Stellar MLS as Distributed by MLS Grid

Property tax history

+38.4%/yr

Latest (2025): $4,788 · -8.6% YoY. Source: county tax records.