Tour
$3,557 Closing Credit¹
#1040898, Salvatore Burke, Listing Office: Cast Away Realty
$299,900 List price
518 Homestead Ave NE Palm Bay, FL 32907
$3,561
Closing credit¹
3 beds
2 full
1,517 sqft
0.2 acres
$198 / sqft
House
Property details
About 518 Homestead Ave NE
Concrete Block Home in Quiet Palm Bay Neighborhood Welcome to 518 Homestead Ave NE—this well-kept 3 bedroom, 2 bathroom home offers 1,517 square feet of comfortable living in a peaceful, established neighborhood in NE Palm Bay. Built in 1986, this concrete block home has a brand new roof and brand new septic system—both installed in 2025, giving buyers peace of mind for years to come. Inside, you'll find a smart layout with a spacious living area, split floor plan for privacy, and plenty of natural light throughout. The lot offers mature landscaping and room to create the outdoor space you've been dreaming of—whether it's a garden, patio, or play area. Located close to parks, schools, shopping, and just a short drive to the Indian River or beaches, this home combines comfort and convenience. Whether you're starting fresh or looking to downsize into something low-maintenance, this home has tons of potential. (Photos coming soon)
Highlights
Home typeSingle Family Residence
HeatingCentral
StatusComing Soon
CoolingCentral Air
Size1,517 sqft
Lot size0.24 Acres
Year built1986
ParkingAdditional Parking,Attached,Garage Door Opener
MLS #1046699
Attached garage2 spaces
Active DateMay 17, 2025
Summary
- Full Bathrooms: 2
- Appliances: Dishwasher, Dryer, Electric Oven, Electric Range, Refrigerator, Washer
- Total Bedroom Count: 3
- Garage Space: 2 spaces
- Attached Garage: Yes
- Parking: Additional Parking,Attached,Garage Door Opener
- Heating: Central
- Cooling: Central Air
- List Price: $299,900
- Price/SqFt: $197
- Annual Tax Amount: $574
- Tax Year: 2023
- Lot: Cleared
- Directions: 95 to Malabar Rd Malabar east to Babcock St Babcock St North to Fallon West on Fallon to property on the right. Fallon turns into homestead.
- Year Built: 1986
- Stories: 1
- Living Area: 1,517 SqFt
- Lot Size: 0.24 Acres
- MLS Number: 1046699
- MLS Name: Space Coast MLS (Space Coast Association of REALTORS®)
- Office Name: LPT Realty LLC
- Office Phone: (877) 366-2213
- Office Email: flbrokers@lptrealty.com
- Listing Agent: Tina Lynn Scarbrough
Copyright © 2025 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Space Coast Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/25/2025, 12:50:32 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$299,900
518 Homestead Ave NE
$3,561
closing credit¹
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $67,750 | $574 |
| 2022 | $65,780 | $547 |
| 2021 | $63,870 | $547 |
| 2020 | $62,990 | $555 |
| 2019 | $61,580 | $708 |
| 2018 | $60,440 | $736 |
| 2017 | $59,200 | $736 |
History based on county public records data.
Nearby schools
5
Port Malabar Elementary School
Public District PK-6
0.6 mi
•301 Pioneer Ave NE
6
Riviera Elementary School
Public District PK-6
1.7 mi
•351 Riviera Dr NE
6
Lockmar Elementary School
Public District PK-6
2.3 mi
•525 Pepper St NE
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $58,887. The majority of Palm Bay, FL residents have income between $35k-100k annually. Residents typically live in single, no kids family. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
32%
<35k
47%
35k-100k
14%
100k-200k
7%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
37%
Single, No Kids
12%
Single, with Kids
33%
Married, No Kids
18%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
12%
<11 yrs old
7%
12-17 yrs old
18%
18-34 yrs old
44%
35-64 yrs old
19%
65+ yrs old
What do the neighbors do for fun?
Horse Races
Extreme Sports
Pro Boxing
Where do the neighbors shop?
Stein Mart
Sam's Club
Family Dollar
Where do the neighbors go to eat?
LongHorn Steakhouse
White Castle
Golden Corral
What do the neighbors drive?
Buick
Oldsmobile
Chevrolet
What do the neighbors listen to?
Contemporary Inspirational
Rock
Adult Standards
All data provided by Home Junction and Claritas
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Frequently asked questions
About 518 Homestead Ave NE
The listing price of 518 Homestead Ave NE property is $299,900.
The property 518 Homestead Ave NE is a house located in Palm Bay, Florida, 32907.
Coming Soon: 518 Homestead Ave NE is Coming Soon. This listing has not previously been on the market, but will be on the market soon (no showings are allowed yet). A listing contract has been executed.
The nearby schools for 518 Homestead Ave NE are: Port Malabar Elementary School (GreatSchools Rating 5/10), Riviera Elementary School (GreatSchools Rating 6/10), Lockmar Elementary School (GreatSchools Rating 6/10), Palm Bay Academy Charter School (GreatSchools Rating 3/10), Southwest Middle School (GreatSchools Rating 3/10), Royal Palm Charter School (GreatSchools Rating 6/10), Palm Bay Magner High School (GreatSchools Rating 3/10), Pineapple Cove Classical Academy (GreatSchools Rating 6/10), Odyssey Charter School (GreatSchools Rating 6/10).
According to the records, the last property tax for 2023 is $574 (source: MLS/based on county public records data).
The property at 518 Homestead Ave NE has 3 bedrooms and 2 bathrooms.
The property 518 Homestead Ave NE is 1,517 SqFt (source: MLS/tax record).
The year of construction for 518 Homestead Ave NE is 1986.
This home is located at 518 Homestead Ave NE in Palm Bay, FL and zip code 32907 in the Port Malabar neighborhood. This 1,517 square foot home, which was built in 1986, sits on a 0.24 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since May 20, 2025 and is currently priced at $299,900.
In April 2025, from all listings sold in Palm Bay, FL there were more than 34 sold above asking price, over 146 sold below and more than 104 were sold right at the asked price. The inventory of homes for sale in Palm Bay, FL between March and April 2025 increased by 6%. Listings spent 79 days on the market in April 2025, and had a median list price of $330,996 during the same period.
From Rocket Homes Real Estate and based on county public records data.