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For sale
    • Price cut: $50K (6/27)
    $499,900

    581 Drexel Ave NE, Palm Bay, FL 32907

    4beds
    2,858sqft
    : 
    $3,182/mo
    Get pre-qualified
    Single Family Residence
    Built in 2001
    0.46 Acres Lot
    $488,600 Zestimate®
    $175/sqft
    $-- HOA

    What's special

    Rv parkingFresh paintHalf bathBay-window nookExpansive deckAccordion shuttersTile flooring
    A rare custom-built retreat surrounded by the natural beauty of Turkey Creek Sanctuary! This original-owner home offers nearly 2,900 sq ft on a .46-acre double lot with no HOA. The main level has 3 bedrooms, 2 full baths, a half bath, formal dining room, family room with gas fireplace, and an open kitchen with breakfast bar and bay-window nook. The primary suite includes porch access, a walk-in closet, dual sinks and a walk-in tile shower. Upstairs, a nearly 1,000 sq ft bonus room with another half bath offers flexibility as a 4th bedroom, guest suite, office, gym, theater or game room. Enjoy preserve views from the screened porch and expansive deck. Highlights include a 3-car garage, RV parking, tile flooring, fresh paint, accordion shutters, 2019 metal roof and gutters, 2020 HVAC, 2023 water heater and exterior paint, plus a new septic system being installed July 2026. An adjacent .34-acre lot is available, creating up to .80 acre.
    214 days
    |
    1,024
    |
    81
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Vera L Koon 321-302-9588,

    Waterman Real Estate, Inc.,

    Michael Wolff 321-785-0555,

    Waterman Real Estate, Inc.

    Source: Space Coast AOR,MLS#: 1064828

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 4
      • Full bathrooms: 2
      • 1/2 bathrooms: 2
      Primary bedroom
      • Level: First
      • Area: 317.52
      • Dimensions: 16.80 x 18.90
      Bedroom 2
      • Level: First
      • Area: 131.3
      • Dimensions: 13.00 x 10.10
      Bedroom 3
      • Level: First
      • Area: 128.7
      • Dimensions: 11.70 x 11.00
      Bedroom 4
      • Description: Bed 4 OR BONUS - Flex room
      • Level: Second
      • Area: 915.68
      • Dimensions: 38.80 x 23.60
      Dining room
      • Level: First
      • Area: 153.52
      • Dimensions: 15.20 x 10.10
      Family room
      • Level: First
      • Area: 313.24
      • Dimensions: 19.10 x 16.40
      Kitchen
      • Level: First
      • Area: 153.9
      • Dimensions: 13.50 x 11.40
      Other
      • Description: screened back porch
      • Level: First
      • Area: 750.4
      • Dimensions: 16.00 x 46.90
      Other
      • Description: Breakfast Nook
      • Level: Main
      • Area: 76.14
      • Dimensions: 9.40 x 8.10
      Other
      • Description: 3 CAR GARAGE
      • Area: 839.8
      • Dimensions: 22.10 x 38.00
      Heating
      • Central, Electric
      Cooling
      • Central Air, Electric
      Appliances
      • Included: Dishwasher, Disposal, Electric Range, Electric Water Heater, Ice Maker, Microwave, Refrigerator
      • Laundry: Electric Dryer Hookup, In Garage, Washer Hookup
      Features
      • Breakfast Bar, Breakfast Nook, Ceiling Fan(s), Open Floorplan, Primary Bathroom - Shower No Tub, Primary Downstairs, Split Bedrooms, Vaulted Ceiling(s), Walk-In Closet(s)
      • Flooring: Carpet, Tile
      • Has fireplace: Yes
      • Fireplace features: Free Standing, Gas
      Interior area
      • Total structure area: 4,264
      • Total interior livable area: 2,858 sqft

      Property

      Parking
      • Total spaces: 3
      • Parking features: Attached, Garage, Garage Door Opener, RV Access/Parking
      • Attached garage spaces: 3
      Features
      • Levels: Two
      • Stories: 2
      • Patio & porch: Deck, Front Porch, Porch, Rear Porch, Screened
      • Exterior features: Storm Shutters
      • Has view: Yes
      • View description: Protected Preserve
      Lot
      • Size: 0.46 Acres
      • Features: Many Trees
      Details
      • Additional parcels included: 2846087
      • Parcel number: 283735Ft00115.00003.00
      • Zoning description: Residential
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Craftsman,Traditional
      • Property subtype: Single Family Residence
      Materials
      • Block, Stucco
      • Roof: Metal
      Condition
      • New construction: No
      • Year built: 2001

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Public
      • Utilities for property: Cable Connected, Electricity Connected, Water Connected

      Community & HOA

      Community
      • Security: Smoke Detector(s)
      • Subdivision: Port Malabar Unit 6
      HOA
      • Has HOA: No
      Location
      • Region: Palm Bay

      Financial & listing details

      • Price per square foot: $175/sqft
      • Tax assessed value: $433,710
      • Annual tax amount: $1,919
      • Date on market: 12/22/2025
      • Listing terms: Cash,Conventional,FHA,VA Loan
      • Road surface type: Asphalt

        Estimated market value

        $488,600

        $464,000 - $513,000

        $4,107/mo

        Price history

        DateEventPrice
        6/27/2026Price change$499,900-9.1%$175/sqft
        Source: Space Coast AOR #1064828 Report a problem
        12/22/2025Listed for sale$549,900$192/sqft
        Source: Space Coast AOR #1064828 Report a problem
        11/2/2025Listing removed$549,900$192/sqft
        Source: Space Coast AOR #1040611 Report a problem
        7/7/2025Price change$549,900-8%$192/sqft
        Source: Space Coast AOR #1040611 Report a problem
        3/20/2025Listed for sale$597,700-0.2%$209/sqft
        Source: Space Coast AOR #1040611 Report a problem
        2/19/2025Listing removed$599,000$210/sqft
        Source: Space Coast AOR #1030347 Report a problem
        1/7/2025Price change$599,000-4.2%$210/sqft
        Source: Space Coast AOR #1030347 Report a problem
        12/17/2024Price change$625,000-7.4%$219/sqft
        Source: Space Coast AOR #1030347 Report a problem
        11/22/2024Listed for sale$675,000$236/sqft
        Source: Space Coast AOR #1030347 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$1,976 +2.9%$150,700 +2.9%
        2024$1,920 +3%$146,460 +3%
        2023$1,863 +0.2%$142,200 +3%
        2022$1,859 -1.7%$138,060 +3%
        2021$1,891 +2.2%$134,040 +1.4%
        2020$1,851 -10.3%$132,190 +2.3%
        2019$2,062 +19.9%$129,220 +1.9%
        2018$1,720 -1.6%$126,820 +2.1%
        2017$1,749 -14.3%$124,220 +2.1%
        2016$2,040 +16.6%$121,670 +0.7%
        2015$1,749 -0.4%$120,830 +0.8%
        2014$1,756 $119,880 -6.6%
        2013-- $128,350 +10.5%
        2012$1,784 -6.5%$116,140 -4.2%
        2011$1,908 -20.7%$121,220 -20.9%
        2010$2,405 -7.4%$153,280 -18.6%
        2009$2,598 +7%$188,240 -34.3%
        2008$2,429 -3.4%$286,600 -8%
        2007$2,513 +6.7%$311,600 +10.1%
        2005$2,356 -5.6%$283,090 +48.1%
        2004$2,496 -3%$191,110 +14.6%
        2003$2,573 +2.5%$166,830 +7.6%
        2002$2,511 +732.8%$154,990 +1092.2%
        2001$301 +2%$13,000
        2000$296 $13,000
        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: 32907

        Getting around

        2 / 100
        Car-Dependent
        40 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Port Malabar
        • Middle: Stone
        • High: Palm Bay

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

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