2981 Gaffney Ave SE · Palm Bay, FL 32909

$475,000

4 bd · 3.0 ba · 2,200 sqft · Land · 92 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).

• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• Schools +4.7/10.0
• Cash flow +3.6/30.0
• Livability +3.6/5.0
• Rent growth +3.4/5.0
• Condition / age +2.5/5.0
• 1% rule +0.0/10.0
• DSCR +0.0/10.0

Listing remarks MLS

Ask about Seller concessions for Closing Costs! Multigenerational Living (or Dual Income) Redefined Mother-In_Law Suite Privacy, dignity, & connection—built right in. The Argenta Flex Residence makes it easy to stay close as a family w/ o sacrificing anyone's independence. With a fully integrated Additional Dwelling Unit (ADU), this home offers two complete living spaces under one roof—the Flex unit w/ its own entrance, living area, kitchenette, bathroom, bedroom, garage, & separate AC & Washer/Dryer Hookup Ideal for Every Generation One home. Multiple life stages. The Argenta Flex Residence adapts to your family's changing needs—offering true independence, comfort, & flexibility for every generation under one roof. Strong Returns, Minimal Effort Unlike retrofitted garage conversions, the Argenta Flex ADU is professionally designed for maximum rental value $1,400+ in monthly rental income Potential 40-60% of your mortgage High demand for units w/ privacy & private garag Where Affordable Luxury Meets Smart Design This isn't just another home it's a showcase of thoughtful design where superior craftsmanship meets exceptional value. The Argenta Flex Residence delivers what we call "affordable luxury" premium finishes and features that both families and tenants love, typically found in much higher-priced homes. The Main Home: Your Family Sanctuary Designed for modern family living, the main home features an open-concept layout that maximizes space and natural light. The spacious kitchen flows seamlessly into the dining and living areas perfect for daily family life and entertaining. The master suite provides a private retreat, while additional bedrooms offer flexibility for children, guests, or home office space. Key Main Home Features Secondary bedrooms with flexible uses Two-car garage with access to main home Private outdoor living spaces Open-concept living, dining, and kitchen Master suite with walk-in closet and en-suite bath A Built-In Investment Property Turn Your Home Into a Cash-Flowing Asset The Argenta Flex Residence isn't just a place to live it's a long-term wealth strategy. The ADU functions as a high-demand rental unit designed for premium tenants, delivering monthly income from the day you move in. The Flex Unit: Complete Independence Thoughtfully positioned for maximum privacy, the Flex ADU functions as a fully independent residence. The efficient yet spacious layout includes everything needed for comfortable living from the well-appointed kitchenette to the private living area. The separate entrance and dedicated garage access ensure complete independence for family members or tenants. Key Flex Unit Features Private entrance with dedicated walkway Functional Kitchenette Comfortable living area and bedroom Complete bathroom with quality finishes Private garage bay with direct interior access Thoughtfully Positioned Properties Strategically positioned in Palm Bay's most desirable neighborhoods, our Argenta developments are carefully selected to maximize both lifestyle appeal and investment returns. Each location provides residents with the perfect balance of family-friendly amenities, employment accessibility, and recreational opportunities that make Palm Bay one of Florida's most sought-after markets. Florida's Fastest-Growing Opportunity Palm Bay combines natural beauty with economic opportunity. With housing costs about 20% below the state average and a booming job market in tech, engineering, and aerospace, it's a smart choice for professionals and families alike. Add top-rated schools, diverse dining, vibrant community events, and easy access to Orlando just an hour away and it's easy to see why Palm Bay is one of Florida's fastest-growing cities.

Key facts

• Separate ac
• Washer/dryer hookup
• Mother-in_law suite

Tags

• MOTHER-IN_LAW SUITE
• ADDITIONAL DWELLING UNIT
• TWO COMPLETE LIVING SPACES
• SEPARATE AC
• WASHER/DRYER HOOKUP

Property features AI

Exterior

• Parking: 3-car garage; Additional parking; RV access/parking
• Security: Smoke detectors
• Utilities: Aerobic septic sewer; Cable available; Electricity connected; Energy-efficient features: appliances, insulation, lighting, thermostat, windows
• Home design: Single family residence; One story; Entry level: 1; Faces southwest; New construction
• Construction: Block, stone and stucco construction; Shingle roof; Pets allowed
• Exterior features: Impact windows; Patio; Other exterior features

Interior

• Kitchen: Disposal; Electric range; ENERGY STAR dishwasher; ENERGY STAR refrigerator; Ice maker; Microwave
• Bedrooms: 4 bedrooms (primary on main level)
• Flooring: Tile flooring
• Bathrooms: 3 full bathrooms
• Heating & cooling: Central heating (electric heat pump); Central air conditioning; Electric multi-unit split system; Has heating and cooling
• Interior features: Breakfast bar; Eat-in kitchen; Entrance foyer; Guest suite / in-law floorplan; Kitchen island; Open floorplan; Primary bathroom with shower (no tub); Primary bedroom on main level; Smart thermostat; Split bedroom layout; Walk-in closets
• Laundry & utility: Washer/dryer in unit; Electric dryer hookup; Laundry located in garage / lower level

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath land listed at $475k.

Deal economics

• At list price, monthly cash flow is $-1k ($-17k/yr) — negative.
• To cash-flow at today's rent, offer at most $271k (43.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $237k (50.1% below list).
• Recommended offer: $237k (50.1% 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: Westside Elementary School (math 51% / reading 58%, grade C, #892 of 2,144 statewide, top 44%, 798 students, 52% FRL); Southwest Middle School (math 40% / reading 39%, grade F, #373 of 571 statewide, top 66%, 920 students, 58% FRL); Bayside High School (math 27% / reading 40%, grade F, #400 of 667 statewide, top 61%, 1,854 students, 51% FRL).
• Zoned-school proficiency averages 42% at this address vs 55% district-wide (-12 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; 21 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 $51k of equity ($3k loan paydown + $48k 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 ~$82k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 92 days — a 9% lower offer ($432k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 3y 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 $38k; list at $475k implies a 1167% gain — meaningful room to come down on a strong offer.

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 $237,023 (50.1% 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 92 days. Have you received any prior offers? Is the seller open to a 50% 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: 0.50% ✗
• Cap rate: 2.73%
• Cash-on-cash: -12.72%
• DSCR: 0.43
• GRM: 16.7

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: 15.5%
• Equity multiple: 2.28×
• Total profit: $170,529
• Equity at exit: $427,918

10-year hold

• IRR: 15.2%
• Equity multiple: 5.33×
• Total profit: $576,235
• Equity at exit: $922,821

Cash invested: $133,000 (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: 16.7×

Monthly cashflow live

• Estimated rent: $2,370 high
• Mortgage (P&I): −$2,491
• Tax est. 1.5%: −$594 /mo · $7,125/yr
• Insurance: −$198
• HOA: −$0
• Vacancy / Maint / Mgmt: −$498
• Net cashflow: $-1,410

Break-even live

Break-even rent $4,155

Max offer price $270,951

Occupancy floor —

Sensitivity live

Price	-10% $-1,082	-5% $-1,246	+0% $-1,410	+5% $-1,574	+10% $-1,738
Rent	-10% $-1,597	-5% $-1,504	+0% $-1,410	+5% $-1,317	+10% $-1,223
Rate	-1.0pp $-1,171	-0.5pp $-1,289	base $-1,410	+0.5pp $-1,533	+1.0pp $-1,658

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: $118,750
• Closing costs: $14,250
• Reserves months: —
• Total cash needed: —

Rent comps 21 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
238 Silver Frost St SE Palm Bay, FL	3.0	2.0	1475	$1,849	$1.25	25d	1	0.41mi
286 Silver Frost St SE Palm Bay, FL	4.0	2.0	1833	$1,925	$1.05	16d	1	0.41mi
291 Foley St SE Palm Bay, FL	4.0	2.0	1833	$2,025	$1.10	15d	1	0.47mi
2785 Gabboys Ave SE Palm Bay, FL	3.0	2.0	1475	$1,849	$1.25	25d	1	0.48mi
486 Dadeville St SE Palm Bay, FL	4.0	2.0	1833	$1,995	$1.09	16d	1	0.51mi
496 Vanguard St SE Palm Bay, FL	3.0	2.0	1666	$2,150	$1.29	25d	1	0.55mi
3247 Halblum Ave SE Palm Bay, FL	4.0	3.0	1820	$2,516	$1.38	15d	1	0.60mi
160 Dailey St SE Palm Bay, FL	4.0	2.0	1795	$2,275	$1.27	25d	1	0.62mi
3270 Framingham Ave SW Palm Bay, FL	4.0	2.0	1856	$2,400	$1.29	25d	1	0.72mi
543 Reading St SE Palm Bay, FL	4.0	2.0	1833	$2,010	$1.10	23d	1	0.77mi
555 Gagnon St SE Palm Bay, FL	4.0	3.0	2373	$2,400	$1.01	25d	1	0.84mi
2650 De Groodt Rd SW Palm Bay, FL	4.0	2.0	1874	$2,350	$1.25	16d	1	0.85mi
448 Saint Andre Blvd SW Palm Bay, FL	4.0	2.0	2088	$4,000	$1.92	25d	1	0.89mi
590 Trymore Dr SE Palm Bay, FL	4.0	2.0	1873	$2,250	$1.20	16d	1	1.10mi
1224 Dillard Dr SE Palm Bay, FL	3.0	2.0	1770	$2,336	$1.32	16d	1	1.14mi
2691 Tepee Ave SE Palm Bay, FL	4.0	2.0	1833	$2,040	$1.11	23d	1	1.15mi
820 Tedder Rd SE Palm Bay, FL	3.0	2.0	1808	$2,000	$1.11	25d	1	1.20mi
583 Halifax St SW Palm Bay, FL	4.0	2.0	1833	$2,075	$1.13	15d	1	1.24mi
2437 Hagoplan Ave SW Palm Bay, FL	3.0	2.0	1840	$2,150	$1.17	25d	1	1.38mi
402 Breckenridge Cir SE Palm Bay, FL	3.0	2.0	1960	$2,200	$1.12	25d	1	1.43mi
830 Painesville St SE Palm Bay, FL	3.0	2.0	2029	$2,220	$1.09	16d	1	1.43mi

Listing history 32 events

1. 2026-06-22
   days on market $475,000 Active 92 DOM
2. 2026-06-18
   days on market $475,000 Active 89 DOM
3. 2026-06-17
   days on market $475,000 Active 88 DOM
4. 2026-06-16
   days on market $475,000 Active 87 DOM
5. 2026-06-15
   days on market $475,000 Active 86 DOM
6. 2026-06-14
   days on market $475,000 Active 84 DOM
7. 2026-06-10
   days on market $475,000 Active 81 DOM
8. 2026-06-08
   days on market $475,000 Active 79 DOM
9. 2026-06-07
   days on market $475,000 Active 78 DOM
10. 2026-06-05
    days on market $475,000 Active 75 DOM
11. 2026-06-03
    days on market $475,000 Active 74 DOM
12. 2026-06-02
    days on market $475,000 Active 73 DOM
13. 2026-06-01
    days on market $475,000 Active 72 DOM
14. 2026-05-31
    days on market $475,000 Active 71 DOM
15. 2026-05-31
    days on market $475,000 Active 70 DOM
16. 2026-03-21
    listed $475,000 Active
17. 2026-03-20
    historical 3801-char remark

    Show marketing remark (3801 chars)

    Ask about Seller concessions for Closing Costs! Multigenerational Living (or Dual Income) Redefined Mother-In_Law Suite Privacy, dignity, & connection—built right in. The Argenta Flex Residence makes it easy to stay close as a family w/ o sacrificing anyone's independence. With a fully integrated Additional Dwelling Unit (ADU), this home offers two complete living spaces under one roof—the Flex unit w/ its own entrance, living area, kitchenette, bathroom, bedroom, garage, & separate AC & Washer/Dryer Hookup Ideal for Every Generation One home. Multiple life stages. The Argenta Flex Residence adapts to your family's changing needs—offering true independence, comfort, & flexibility for every generation under one roof. Strong Returns, Minimal Effort Unlike retrofitted garage conversions, the Argenta Flex ADU is professionally designed for maximum rental value $1,400+ in monthly rental income Potential 40-60% of your mortgage High demand for units w/ privacy & private garag Where Affordable Luxury Meets Smart Design This isn't just another home it's a showcase of thoughtful design where superior craftsmanship meets exceptional value. The Argenta Flex Residence delivers what we call "affordable luxury" premium finishes and features that both families and tenants love, typically found in much higher-priced homes. The Main Home: Your Family Sanctuary Designed for modern family living, the main home features an open-concept layout that maximizes space and natural light. The spacious kitchen flows seamlessly into the dining and living areas perfect for daily family life and entertaining. The master suite provides a private retreat, while additional bedrooms offer flexibility for children, guests, or home office space. Key Main Home Features Secondary bedrooms with flexible uses Two-car garage with access to main home Private outdoor living spaces Open-concept living, dining, and kitchen Master suite with walk-in closet and en-suite bath A Built-In Investment Property Turn Your Home Into a Cash-Flowing Asset The Argenta Flex Residence isn't just a place to live it's a long-term wealth strategy. The ADU functions as a high-demand rental unit designed for premium tenants, delivering monthly income from the day you move in. The Flex Unit: Complete Independence Thoughtfully positioned for maximum privacy, the Flex ADU functions as a fully independent residence. The efficient yet spacious layout includes everything needed for comfortable living from the well-appointed kitchenette to the private living area. The separate entrance and dedicated garage access ensure complete independence for family members or tenants. Key Flex Unit Features Private entrance with dedicated walkway Functional Kitchenette Comfortable living area and bedroom Complete bathroom with quality finishes Private garage bay with direct interior access Thoughtfully Positioned Properties Strategically positioned in Palm Bay's most desirable neighborhoods, our Argenta developments are carefully selected to maximize both lifestyle appeal and investment returns. Each location provides residents with the perfect balance of family-friendly amenities, employment accessibility, and recreational opportunities that make Palm Bay one of Florida's most sought-after markets. Florida's Fastest-Growing Opportunity Palm Bay combines natural beauty with economic opportunity. With housing costs about 20% below the state average and a booming job market in tech, engineering, and aerospace, it's a smart choice for professionals and families alike. Add top-rated schools, diverse dining, vibrant community events, and easy access to Orlando just an hour away and it's easy to see why Palm Bay is one of Florida's fastest-growing cities.

18. 2026-03-20
    historical

    Show marketing remark (3801 chars)

    Ask about Seller concessions for Closing Costs! Multigenerational Living (or Dual Income) Redefined Mother-In_Law Suite Privacy, dignity, & connection—built right in. The Argenta Flex Residence makes it easy to stay close as a family w/ o sacrificing anyone's independence. With a fully integrated Additional Dwelling Unit (ADU), this home offers two complete living spaces under one roof—the Flex unit w/ its own entrance, living area, kitchenette, bathroom, bedroom, garage, & separate AC & Washer/Dryer Hookup Ideal for Every Generation One home. Multiple life stages. The Argenta Flex Residence adapts to your family's changing needs—offering true independence, comfort, & flexibility for every generation under one roof. Strong Returns, Minimal Effort Unlike retrofitted garage conversions, the Argenta Flex ADU is professionally designed for maximum rental value $1,400+ in monthly rental income Potential 40-60% of your mortgage High demand for units w/ privacy & private garag Where Affordable Luxury Meets Smart Design This isn't just another home it's a showcase of thoughtful design where superior craftsmanship meets exceptional value. The Argenta Flex Residence delivers what we call "affordable luxury" premium finishes and features that both families and tenants love, typically found in much higher-priced homes. The Main Home: Your Family Sanctuary Designed for modern family living, the main home features an open-concept layout that maximizes space and natural light. The spacious kitchen flows seamlessly into the dining and living areas perfect for daily family life and entertaining. The master suite provides a private retreat, while additional bedrooms offer flexibility for children, guests, or home office space. Key Main Home Features Secondary bedrooms with flexible uses Two-car garage with access to main home Private outdoor living spaces Open-concept living, dining, and kitchen Master suite with walk-in closet and en-suite bath A Built-In Investment Property Turn Your Home Into a Cash-Flowing Asset The Argenta Flex Residence isn't just a place to live it's a long-term wealth strategy. The ADU functions as a high-demand rental unit designed for premium tenants, delivering monthly income from the day you move in. The Flex Unit: Complete Independence Thoughtfully positioned for maximum privacy, the Flex ADU functions as a fully independent residence. The efficient yet spacious layout includes everything needed for comfortable living from the well-appointed kitchenette to the private living area. The separate entrance and dedicated garage access ensure complete independence for family members or tenants. Key Flex Unit Features Private entrance with dedicated walkway Functional Kitchenette Comfortable living area and bedroom Complete bathroom with quality finishes Private garage bay with direct interior access Thoughtfully Positioned Properties Strategically positioned in Palm Bay's most desirable neighborhoods, our Argenta developments are carefully selected to maximize both lifestyle appeal and investment returns. Each location provides residents with the perfect balance of family-friendly amenities, employment accessibility, and recreational opportunities that make Palm Bay one of Florida's most sought-after markets. Florida's Fastest-Growing Opportunity Palm Bay combines natural beauty with economic opportunity. With housing costs about 20% below the state average and a booming job market in tech, engineering, and aerospace, it's a smart choice for professionals and families alike. Add top-rated schools, diverse dining, vibrant community events, and easy access to Orlando just an hour away and it's easy to see why Palm Bay is one of Florida's fastest-growing cities.

19. 2026-03-20
    historical

    Show marketing remark (3801 chars)

    Ask about Seller concessions for Closing Costs! Multigenerational Living (or Dual Income) Redefined Mother-In_Law Suite Privacy, dignity, & connection—built right in. The Argenta Flex Residence makes it easy to stay close as a family w/ o sacrificing anyone's independence. With a fully integrated Additional Dwelling Unit (ADU), this home offers two complete living spaces under one roof—the Flex unit w/ its own entrance, living area, kitchenette, bathroom, bedroom, garage, & separate AC & Washer/Dryer Hookup Ideal for Every Generation One home. Multiple life stages. The Argenta Flex Residence adapts to your family's changing needs—offering true independence, comfort, & flexibility for every generation under one roof. Strong Returns, Minimal Effort Unlike retrofitted garage conversions, the Argenta Flex ADU is professionally designed for maximum rental value $1,400+ in monthly rental income Potential 40-60% of your mortgage High demand for units w/ privacy & private garag Where Affordable Luxury Meets Smart Design This isn't just another home it's a showcase of thoughtful design where superior craftsmanship meets exceptional value. The Argenta Flex Residence delivers what we call "affordable luxury" premium finishes and features that both families and tenants love, typically found in much higher-priced homes. The Main Home: Your Family Sanctuary Designed for modern family living, the main home features an open-concept layout that maximizes space and natural light. The spacious kitchen flows seamlessly into the dining and living areas perfect for daily family life and entertaining. The master suite provides a private retreat, while additional bedrooms offer flexibility for children, guests, or home office space. Key Main Home Features Secondary bedrooms with flexible uses Two-car garage with access to main home Private outdoor living spaces Open-concept living, dining, and kitchen Master suite with walk-in closet and en-suite bath A Built-In Investment Property Turn Your Home Into a Cash-Flowing Asset The Argenta Flex Residence isn't just a place to live it's a long-term wealth strategy. The ADU functions as a high-demand rental unit designed for premium tenants, delivering monthly income from the day you move in. The Flex Unit: Complete Independence Thoughtfully positioned for maximum privacy, the Flex ADU functions as a fully independent residence. The efficient yet spacious layout includes everything needed for comfortable living from the well-appointed kitchenette to the private living area. The separate entrance and dedicated garage access ensure complete independence for family members or tenants. Key Flex Unit Features Private entrance with dedicated walkway Functional Kitchenette Comfortable living area and bedroom Complete bathroom with quality finishes Private garage bay with direct interior access Thoughtfully Positioned Properties Strategically positioned in Palm Bay's most desirable neighborhoods, our Argenta developments are carefully selected to maximize both lifestyle appeal and investment returns. Each location provides residents with the perfect balance of family-friendly amenities, employment accessibility, and recreational opportunities that make Palm Bay one of Florida's most sought-after markets. Florida's Fastest-Growing Opportunity Palm Bay combines natural beauty with economic opportunity. With housing costs about 20% below the state average and a booming job market in tech, engineering, and aerospace, it's a smart choice for professionals and families alike. Add top-rated schools, diverse dining, vibrant community events, and easy access to Orlando just an hour away and it's easy to see why Palm Bay is one of Florida's fastest-growing cities.

20. 2025-10-23
    listed $475,000 Active
21. 2025-10-09
    listed $475,000 Active
22. 2025-09-17
    historical
23. 2025-09-08
    listed $475,000 Active
24. 2025-08-22
    listed $475,000 Active 3801-char remark

    Show marketing remark (3801 chars)

    Ask about Seller concessions for Closing Costs! Multigenerational Living (or Dual Income) Redefined Mother-In_Law Suite Privacy, dignity, & connection—built right in. The Argenta Flex Residence makes it easy to stay close as a family w/ o sacrificing anyone's independence. With a fully integrated Additional Dwelling Unit (ADU), this home offers two complete living spaces under one roof—the Flex unit w/ its own entrance, living area, kitchenette, bathroom, bedroom, garage, & separate AC & Washer/Dryer Hookup Ideal for Every Generation One home. Multiple life stages. The Argenta Flex Residence adapts to your family's changing needs—offering true independence, comfort, & flexibility for every generation under one roof. Strong Returns, Minimal Effort Unlike retrofitted garage conversions, the Argenta Flex ADU is professionally designed for maximum rental value $1,400+ in monthly rental income Potential 40-60% of your mortgage High demand for units w/ privacy & private garag Where Affordable Luxury Meets Smart Design This isn't just another home it's a showcase of thoughtful design where superior craftsmanship meets exceptional value. The Argenta Flex Residence delivers what we call "affordable luxury" premium finishes and features that both families and tenants love, typically found in much higher-priced homes. The Main Home: Your Family Sanctuary Designed for modern family living, the main home features an open-concept layout that maximizes space and natural light. The spacious kitchen flows seamlessly into the dining and living areas perfect for daily family life and entertaining. The master suite provides a private retreat, while additional bedrooms offer flexibility for children, guests, or home office space. Key Main Home Features Secondary bedrooms with flexible uses Two-car garage with access to main home Private outdoor living spaces Open-concept living, dining, and kitchen Master suite with walk-in closet and en-suite bath A Built-In Investment Property Turn Your Home Into a Cash-Flowing Asset The Argenta Flex Residence isn't just a place to live it's a long-term wealth strategy. The ADU functions as a high-demand rental unit designed for premium tenants, delivering monthly income from the day you move in. The Flex Unit: Complete Independence Thoughtfully positioned for maximum privacy, the Flex ADU functions as a fully independent residence. The efficient yet spacious layout includes everything needed for comfortable living from the well-appointed kitchenette to the private living area. The separate entrance and dedicated garage access ensure complete independence for family members or tenants. Key Flex Unit Features Private entrance with dedicated walkway Functional Kitchenette Comfortable living area and bedroom Complete bathroom with quality finishes Private garage bay with direct interior access Thoughtfully Positioned Properties Strategically positioned in Palm Bay's most desirable neighborhoods, our Argenta developments are carefully selected to maximize both lifestyle appeal and investment returns. Each location provides residents with the perfect balance of family-friendly amenities, employment accessibility, and recreational opportunities that make Palm Bay one of Florida's most sought-after markets. Florida's Fastest-Growing Opportunity Palm Bay combines natural beauty with economic opportunity. With housing costs about 20% below the state average and a booming job market in tech, engineering, and aerospace, it's a smart choice for professionals and families alike. Add top-rated schools, diverse dining, vibrant community events, and easy access to Orlando just an hour away and it's easy to see why Palm Bay is one of Florida's fastest-growing cities.

25. 2025-06-26
    soldstatus $37,500
26. 2025-06-24
    soldstatus $37,500 Closed
27. 2025-03-06
    status Pending
28. 2024-04-03
    status Active
29. 2024-02-12
    status Pending
30. 2023-11-20
    listed $40,000 Active
31. 2012-07-19
    soldstatus $177,500
32. 2003-08-22
    soldstatus $5,500

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

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (shaded) · 20% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 9/10 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: $28,443
• − Mortgage interest: −$26,607
• − Property taxes: −$7,125
• − Insurance: −$2,375
• − Repairs & maintenance: −$2,275
• − Management: −$2,275
• − Depreciation: −$13,818
• Taxable loss: −$26,034
• Est. tax savings @ 24.0%: +$6,248
• After-tax cash flow: $-10,674/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

+8536.4% since first listed

17 events — show timeline

• 2026-03-21 Listed $475,000 SCMLS
• 2026-03-20 Listing Removed — MARMLS
• 2026-03-20 Listing Removed — Beaches MLS
• 2026-03-20 Listing Removed — SCMLS
• 2025-10-23 Listed $475,000 Beaches MLS
• 2025-10-09 Listed $475,000 MARMLS
• 2025-09-17 Listing Removed — SCMLS
• 2025-09-08 Listed $475,000 SCMLS
• 2025-08-22 Listed $475,000 SCMLS
• 2025-06-26 Sold (Public Records) $37,500 Public Records
• 2025-06-24 Sold (MLS) $37,500 SCMLS
• 2025-03-06 Pending — SCMLS
• 2024-04-03 Relisted — SCMLS
• 2024-02-12 Pending — SCMLS
• 2023-11-20 Listed $40,000 SCMLS
• 2012-07-19 Sold (Public Records) $177,500 Public Records
• 2003-08-22 Sold (Public Records) $5,500 Public Records

Property tax history

+12.4%/yr

Latest (2025): $308 · +9.1% YoY. Source: county tax records.