$599,000
Palm Bay, FL 32909
MLS# 1063892
Status: Pending
6 beds | 4 baths | 3822 sqft
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Property Description
Brand-new recently completed modern duplex in rapidly growing Palm Bay—an exceptional investment opportunity with no HOA or CDD fees! This turn key property offers complete privacy between units, making it ideal for investors or owner-occupants looking to live in one side and rent the other. Both units feature high-end finishes. Built for comfort and efficiency. A spacious backyard adds potential for outdoor living or future enhancements. Conveniently located near Waterstone, the new Publix Shopping Center, and multiple new developments, this duplex is positioned for long-term value and steady rental income. Seller is offering entire duplex at $599,000. Investor Info: Insurance $1800 yr, Taxes est $4500-$5k, Rent per side $2400-$2600 each , Based on $600k purchase and $2400 per month each / $4800 total monthly rent $57,600 yr, Cap or ROI 9.6%
Details
Maps
Contract Information
Comp Sale YN: No
Current Price: $599,000
Original List Price: 599000
List Price: $599,000
Status: Pending
Listing Contract Date: 2025-12-09
Property Sub Type: Duplex
Location, Tax, and Legal
Unit Number: A & B
Tax Account: 2943460
Parcel Number: 29-37-28-Kq-02012.0-0011.00
General County Location: South
Elementary School: Sunrise
Middle School: Southwest
High School: Bayside
Tax Annual Amount: 1199.35
Tax Year: 2024
Tax Legal Description: PORT MALABAR UNIT 46 LOT 11 BLK 2012
Zoning Description: Residential
Directions: From I-95: Take exit 173, Use the left 2 lanes to take the Malabar Rd ramp to FL-514 E/Malabar, Turn right onto S Babcock St, Turn right ontoEspejo St SE
General Property Information
Number Of Buildings: 2
Number Of Units Total: 2
Stories Total: 1
Bathrooms Half: 0
Living Area: 3016
Living Area Source: Builder
Building Area Total: 3822
Lot Size Acres: 0.32
Lot Size Square Feet: 13939
Association YN: No
New Construction YN: Yes
Estimated Completion Date: 2025-12-01
Garage YN: Yes
Garage Spaces: 2
Carport YN: No
Waterfront YN: No
Senior Community YN: No
CDD Fee YN: No
Water Body Access YN: No
Furnished: Unfurnished
Stories: 1
Direction Faces: South
Pool Private YN: No
List Price/SqFt: 198.61
Bedrooms Total: 6
Bathrooms Total: 4
Bathrooms Full: 4
Year Built: 2025
Remarks and Miscellaneous
Public Remarks: Brand-new recently completed modern duplex in rapidly growing Palm Bay—an exceptional investment opportunity with no HOA or CDD fees! This turn key property offers complete privacy between units, making it ideal for investors or owner-occupants looking to live in one side and rent the other. Both units feature high-end finishes. Built for comfort and efficiency. A spacious backyard adds potential for outdoor living or future enhancements. Conveniently located near Waterstone, the new Publix Shopping Center, and multiple new developments, this duplex is positioned for long-term value and steady rental income. Seller is offering entire duplex at $599,000. Investor Info: Insurance $1800 yr, Taxes est $4500-$5k, Rent per side $2400-$2600 each , Based on $600k purchase and $2400 per month each / $4800 total monthly rent $57,600 yr, Cap or ROI 9.6%
Appliances
Dishwasher: 1
Electric Range: 1
Microwave: 1
Refrigerator: 1
Association Amenities
None: 1
Construction Materials
Block: 1
Concrete: 1
Stucco: 1
Cooling
Electric: 1
Current Use
Investment: 1
Residential: 1
DPR Eligible
DPR Eligible: Yes
Heating
Electric: 1
Sewer
Public Sewer: 1
Special Listing Conditions
Standard: 1
Unit 1 Details
Unit ID: A
Actual Rent: 2500
Unit SqFt: 1580
Beds Total: 3
Full Baths Total: 2
Furnished: Unfurnished
Unit Remarks: Unit A
Unit 2 Details
Unit ID: B
Actual Rent: 2500
Unit SqFt: 1580
Beds Total: 3
Full Baths Total: 2
Furnished: Unfurnished
Unit Remarks: Unit B
Utilities
Electricity Connected: 1
Sewer Connected: 1
Water Connected: 1
Water Source
Public: 1
Location Tax and Legal
Street Number: 1623
Street Name: Espejo
Street Suffix: Street
Street Direction Suffix: SE
County: Brevard
State: FL
Postal Code: 32909
MLS Area Major: 343 - SE Palm Bay
Subdivision Name: Port Malabar Unit 46
Status Change Information
Major Change Timestamp: 2025-12-13T19:38:53Z
Major Change Type: Status Change
Status Change Timestamp: 2025-12-13
Purchase Contract Date: 2025-12-13
Property Features
Appliances: Dishwasher; Electric Range; Microwave; Refrigerator
Association Amenities: None
Construction Materials: Block; Concrete; Stucco
Cooling: Electric
Current Use: Investment; Residential
Heating: Electric
Sewer: Public Sewer
Special Listing Conditions: Standard
Utilities: Electricity Connected; Sewer Connected; Water Connected
Water Source: Public
Listing Office: Golden Group Realty LLC
Last Updated: December - 13 - 2025
Information is deemed to be reliable, but is not guaranteed.