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For sale
    • Price cut: $11K (5/23)
    $399,000

    516 Olsmar St SW, Palm Bay, FL 32908

    3beds
    1,809sqft
    : 
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    Single Family Residence
    Built in 2023
    10,018 Square Feet Lot
    $395,200 Zestimate®
    $221/sqft
    $-- HOA

    What's special

    Spacious islandWrought iron porch surroundOpen floor planNew paver patioVinyl-fenced backyardTray ceilingStone columns
    Beautiful and move-in ready! This 3-bedroom, 2-bath home with a den and 20x12 trussed screened porch on city water is packed with upgrades. Stone columns and a wrought iron porch surround add curb appeal and peace of mind. Inside, you'll love the open floor plan, Level 2 vinyl plank flooring, and kitchen with stainless appliances and a spacious island overlooking the family room. The primary suite offers a tray ceiling, walk-in closet, double vanity, and a large tiled shower with glass door. Extras include a WiFi garage door opener, LED lighting, new paver patio, and vinyl-fenced backyard-perfect for relaxing or entertaining!
    255 days
    |
    58
    |
    1
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Katie Jo Greet 321-525-1008,

    Lokation Real Estate,

    Margaret Hood 321-557-4434,

    Lokation Real Estate

    Source: Space Coast AOR,MLS#: 1060706

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 2
      • Full bathrooms: 2
      Heating
      • Central, Electric
      Cooling
      • Central Air, Electric
      Appliances
      • Included: Dishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator
      • Laundry: Electric Dryer Hookup, Washer Hookup
      Features
      • Kitchen Island, Split Bedrooms
      • Has fireplace: No
      Interior area
      • Total interior livable area: 1,809 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 2
      • Parking features: Attached, Garage
      • Attached garage spaces: 2
      Features
      • Stories: 1
      • Patio & porch: Covered, Front Porch, Patio, Porch, Screened
      • Exterior features: Storm Shutters
      • Fencing: Back Yard,Vinyl
      Lot
      • Size: 10,018 Square Feet
      • Features: Few Trees
      Details
      • Additional structures: Shed(s)
      • Additional parcels included: 2912862
      • Parcel number: 293625Jp01494.00011.00
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • Block, Concrete, Stucco
      • Roof: Shingle
      Condition
      • New construction: No
      • Year built: 2023

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Public
      • Utilities for property: Cable Available

      Community & HOA

      Community
      • Security: Carbon Monoxide Detector(s), Security Gate, Smoke Detector(s)
      • Subdivision: Port Malabar Unit 31
      HOA
      • Has HOA: No
      Location
      • Region: Palm Bay

      Financial & listing details

      • Price per square foot: $221/sqft
      • Tax assessed value: $272,680
      • Annual tax amount: $5,024
      • Date on market: 11/1/2025
      • Listing terms: Cash,Conventional,FHA,VA Loan

        Estimated market value

        $395,200

        $375,000 - $415,000

        $2,260/mo

        Price history

        DateEventPrice
        5/23/2026Price change$399,000-2.7%$221/sqft
        Source: Space Coast AOR #1060706 Report a problem
        3/31/2026Price change$410,000-1.2%$227/sqft
        Source: Space Coast AOR #1060706 Report a problem
        1/22/2026Price change$414,999-1.2%$229/sqft
        Source: Space Coast AOR #1060706 Report a problem
        11/1/2025Listed for sale$420,000+14.1%$232/sqft
        Source: Space Coast AOR #1060706 Report a problem
        1/24/2024Sold$368,000-0.4%$203/sqft
        Source: Space Coast AOR #982128 Report a problem
        1/9/2024Pending sale$369,400$204/sqft
        Source: Space Coast AOR #982128 Report a problem
        12/8/2023Listed for sale$369,400+825.8%$204/sqft
        Source: Space Coast AOR #982128 Report a problem
        1/20/2023Listing removed--
        Source: Space Coast AOR #925696 Report a problem
        2/1/2022Pending sale$39,900$22/sqft
        Source: Space Coast AOR #925696 Report a problem
        1/28/2022Listed for sale$39,900$22/sqft
        Source: Space Coast AOR #925696 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$5,024 +1.7%$272,680 +2.6%
        2024$4,941 +635.1%$265,840 +659.5%
        2023$672 +216.3%$35,000 +84.2%
        2022$213 -50.8%$19,000 +90%
        2021$432 +5.5%$10,000 +33.3%
        2020$409 -9.8%$7,500
        2019$454 $7,500 +17.2%
        2018$454 +2.7%$6,400 +412%
        2017$442 +1.5%$1,250 -72.2%
        2016$435 +16.8%$4,500 +12.5%
        2015$373 +4.1%$4,000 +14.3%
        2014$358 $3,500 +29.6%
        2013-- $2,700 -10%
        2012$72 -14.3%$3,000 -14.3%
        2011$84 -21.7%$3,500 -30%
        2010$108 -23.7%$5,000 -28.6%
        2009$141 -53%$7,000 -56.3%
        2008$301 -36%$16,000 -38.5%
        2007$470 +6.5%$26,000 +18.2%
        2005$441 +82.1%$22,000 +100%
        2004$242 +272.3%$11,000 +292.9%
        2003$65 +16.2%$2,800 +16.7%
        2002$56 +20.7%$2,400 +20%
        2001$46 +2%$2,000
        2000$45 $2,000
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        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: 32908

        Getting around

        3 / 100
        Car-Dependent
        25 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Westside
        • Middle: Southwest
        • High: Bayside

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

        A local agent can set up tours, give advice and negotiate with sellers.

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