Under contract

$590,000

428 Penguin Dr, Satellite Beach, FL 32937

3beds

1,735sqft

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Single Family Residence

Built in 1965

8,712 Square Feet Lot

$565,700 Zestimate^®

$340/sqft

$-- HOA

What's special

Screened poolSpacious deckNewer kitchen cabinets

SHORT SALE - 3 bed, 2 bath, pool home. This home needs work but has strong potential with terrazzo floors throughout, newer kitchen cabinets from a prior renovation, and a screened pool with spacious deck for entertaining. Just minutes from the beach, schools, and shopping, it's an ideal investment for a remodel or flip. With updates and vision, this property can shine and offer great opportunity.

308 days

28

1

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
Full bathrooms: 2

Heating

Central

Cooling

Central Air

Appliances

Included: Gas Range
Laundry: In Garage

Features

Ceiling Fan(s), Eat-in Kitchen, Open Floorplan, Primary Bathroom - Shower No Tub
Flooring: Terrazzo
Has fireplace: No

Interior area

Total interior livable area: 1,735 sqft

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Property

Parking

Total spaces: 2
Parking features: Attached, Garage
Attached garage spaces: 2

Features

Stories: 1
Patio & porch: Rear Porch, Screened
Exterior features: Courtyard
Has private pool: Yes
Pool features: In Ground, Screen Enclosure
Fencing: Vinyl,Wood

Lot

Size: 8,712 Square Feet
Features: Few Trees

Details

Additional parcels included: 2606541
Parcel number: 2637227500000.00008.00
Special conditions: Third Party Approval,Short Sale

Construction

Type & style

Home type: SingleFamily
Architectural style: Contemporary
Property subtype: Single Family Residence

Materials

Concrete, Stucco
Roof: Shingle

Condition

Fixer
New construction: No
Year built: 1965

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected, Water Connected

Community & HOA

Community

Subdivision: Waterway Estates 3rd Addn

HOA

Has HOA: No

Location

Region: Satellite Beach

Financial & listing details

Price per square foot: $340/sqft
Tax assessed value: $422,740
Annual tax amount: $4,643
Date on market: 9/16/2025
Listing terms: Cash

Estimated market value

$565,700

$537,000 - $594,000

$4,024/mo

Price history

Date	Event	Price
6/4/2026	Contingent	$590,000$340/sqft
Source: Space Coast AOR #1057310 Report a problem
10/23/2025	Price change	$590,000-5.6%$340/sqft
Source: Space Coast AOR #1057310 Report a problem
9/16/2025	Listed for sale	$625,000+81.7%$360/sqft
Source: Space Coast AOR #1057310 Report a problem
12/30/2020	Sold	$344,000-1.7%$198/sqft
Source: Space Coast AOR #881641 Report a problem
12/30/2020	Contingent	$350,000$202/sqft
Source: Keller Williams via MLS #881641 Report a problem
9/21/2020	Price change	$350,000-7.9%$202/sqft
Source: Keller Williams Realty Brevard #881641 Report a problem
8/6/2020	Listed for sale	$379,900$219/sqft
Source: Keller Williams Realty Brevard #881641 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$5,769 +22.9%	$422,740 +9.2%
2024	$4,694 +1.1%	$387,180 +3%
2023	$4,644 +7.2%	$375,910 +3%
2022	$4,332 +1.7%	$364,970 +26.4%
2021	$4,261 +157.5%	$288,830 +129.6%
2020	$1,654 +3.8%	$125,820 +2.3%
2019	$1,595	$123,000 +1.9%
2018	$1,595 +30.4%	$120,710 +2.1%
2017	$1,222 -23.2%	$118,230 +2.1%
2016	$1,591 +30.2%	$115,800 +0.7%
2015	$1,222 -0.5%	$115,000 +0.8%
2014	$1,229	$114,090 -17.3%
2013	--	$137,920 +15.2%
2012	$1,261 +4.6%	$119,710 +1.2%
2011	$1,206 +10.8%	$118,290 -13.7%
2010	$1,089 +9.5%	$137,050 -9.2%
2009	$995 +0%	$150,890 -15.2%
2008	$994 -11.8%	$178,000 -13.2%
2007	$1,127 -7.1%	$205,000 +14.8%
2005	$1,213 -1.7%	$178,640 +32.2%
2004	$1,234 -1.6%	$135,170 +2.1%
2003	$1,255 +2.3%	$132,350 +11.9%
2002	$1,227 +2.7%	$118,290 +10.1%
2001	$1,195 +8.2%	$107,440 +7.5%
2000	$1,104	$99,940

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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Climate risks

Neighborhood: South Patrick Shores

Getting around

17 / 100

Car-Dependent

35 / 100

Somewhat Bikeable

Nearby schools

GreatSchools rating

8/10
Sea Park Elementary School
Grades: PK-6Distance: 0.4 mi
7/10
Delaura Middle School
Grades: 7-8Distance: 1.7 mi
8/10
Satellite Senior High School
Grades: 9-12Distance: 1.6 mi

Schools provided by the listing agent

Elementary: Sea Park
Middle: DeLaura
High: Satellite

Source: Space Coast AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.