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$699,999

Beds
3
Baths
2.0
sq ft
1,890

2640 Elm Dr NE, Palm Bay, FL 32905

2640 Elm Dr NE

Palm Bay, FL 32905

  • Pending
    • Price drop $25,001↓
WATERFRONT OCEAN ACCESS on Turkey Creek! Nestled on a quiet cul-de-sac, this fully upgraded home offers luxury and waterfront living. Located on a navigational canal with direct ocean access, it's ideal for boaters with a large commercial floating dock. The open floor plan and high vaulted ceilings create a spacious, inviting feel, while the hurricane-impact windows and 2019 Roof provide peace of mind. The kitchen boasts quartz countertops, an oversized island with ample storage, and a custom built in wine/coffee bar. The primary bath features a double shower for a spa-like retreat, and a large walk in closet for ample storage. Updates include a 2025 Screened Pool Enclosure, Resurfaced Patio, New Pergola, 2023 Pool Heater, 2021 HVAC, 2022 Mini-Split AC, and a 2017 Retaining Wall!NO HOA

Details

Property type

Single Family Residence

Est. home value

$634,156

Lot size

Unknown

Price per sq ft

$371

Year built

1987

Annual property taxes

$6,204

Price History

03/18/2025
Beaches

Beaches #R11068497

Pending
$699,999
03/12/2025
Beaches

Beaches #R11068497

Price change
$699,999
-3.45%
03/08/2025
Beaches

Beaches #R11068497

Price change
$725,000
-3.23%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$159,631
Asking price
$699,999
Closing costs (~8% of asking)
-$56,000
Est. remaining loan balance
-$484,368
Cash to seller
$159,631

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Rocket Mortgage Llc

Loan start date

February 2023

Original loan amount

$496,875

Est. remaining balance

$484,368

Interest rate

6.27%

Loan type

New Conventional, 30 year

Seller

Meredith Mayfield and John Mayfield

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Pending/Under Contract

Tomo last checked: 03/29/2025 at 7:55 AM

Listing updated: 03/18/2025 at 11:35 AM

Listed by: Sophiea Marchant, RE/MAX Gold Phone #: (772) 607-9600

MLS: Beaches #R11068497

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