tomo logo

$175,000

Beds
2
Baths
2.0
sq ft
1,184

725 Port Malabar Blvd NE Unit 301, Palm Bay, FL 32905

725 Port Malabar Blvd NE Unit 301

Palm Bay, FL 32905

  • 187 days on market
    • Price drop $14,000↓
PRICE REDUCTION!!! Welcome to 725 Port Malabar Blvd. NE, Unit 301 - a stunning 1,184 sq. ft. condo with 2 bedrooms and 2 full bathrooms. The secondary bedroom features new tile flooring and dual closets, and the secondary bathroom includes a tub and a tiled shower wall. The primary bedroom has new carpeting, a walk-in closet, a vanity, and an en-suite bathroom with a walk-in shower. The kitchen boasts newer appliances, and the unit has a new water heater (2023) and an AC unit under warranty until April 2025. All windows, including those on the enclosed back porch, are protected by roll-down storm shutters. The low HOA covers water, sewer, garbage, cable, and internet. The laundry room is just a short elevator ride to the second floor, and there's a large community pool! Fairway Condominiums has also successfully passed the mandated Florida inspection, ensuring peace of mind for the next decade. *Go and show! ELB. Please call agent to ensure owner is not in town.

Details

Property type

Condominium

Est. home value

$176,059

Lot size

4,356 sq ft

Price per sq ft

$148

Year built

1973

Monthly HOA fee

$500

Price History

03/04/2025
BrevardMLS

BrevardMLS #1025909

Price change
$175,000
-7.41%
11/12/2024
BrevardMLS

BrevardMLS #1025909

Price change
$189,000
-3.08%
10/04/2024
BrevardMLS

BrevardMLS #1025909

Listed
$195,000
+85.71%

Schools & Community

Elementary school: 

Riviera

Middle school: 

Stone

High school: 

Palm Bay

Senior community center: 

Yes

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

$84,212
Asking price
$175,000
Closing costs (~8% of asking)
-$14,000
Est. remaining loan balance
-$76,788
Cash to seller
$84,212

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

Seller’s Loan History

Lender

Caliber Home Loans Inc

Loan start date

April 2021

Original loan amount

$84,000

Est. remaining balance

$76,788

Interest rate

2.97%

Loan type

New Conventional, 30 year

Seller

Judy H Leighton

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: Active

Tomo last checked: 03/31/2025 at 6:15 AM

Listing updated: 03/23/2025 at 3:31 AM

Listed by: Paul B. Kempf, Burke Group Real Estate Phone #: (321) 462-8067

MLS: BrevardMLS #1025909

BrevardMLS logo

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