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502 Australian Rd NW, Palm Bay, FL, 32907

2beds
2baths
1,226sqft
$255,000
$208price/sqft
$2,104/moest. monthly cost
$84,160/yrincome needed

About This Home

NO HOA, CORNER LOT, FENCED YARD, GARAGE + CARPORT! This NW Palm Bay home offers the space, parking, and practical features buyers are looking for. Tile flooring runs throughout the open living and dining area, while the kitchen includes granite countertops, wood cabinetry, stainless steel appliances, and a breakfast bar. The primary suite features an updated private bath with a tiled walk-in shower, and the interior laundry room provides built-in storage with additional workspace. Outside, the screened patio opens to a large fenced yard shaded by mature trees, with plenty of room for pets, outdoor gatherings, gardening, or future plans. Come see how much this home has to offer--schedule your showing today.

Getting Around

15
WalkingCar-Dependent
0
TransitVery Limited Transit
40
BikeSomewhat Bikeable

Schools

5/10
Central Middle SchoolGrades 7-84.3 mi
4/10
Heritage High SchoolGrades 9-123.6 mi

Construction

Condition

  • Year built: 1981

Materials

  • Roof: Shingle
  • Construction materials: Block,Concrete,Stucco

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Electric Range,Microwave,Refrigerator
  • Laundry features: In Unit

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Breakfast Bar,Breakfast Nook,Ceiling Fan(s),Eat-in Kitchen,Primary Bathroom - Shower No Tub,Walk-In Closet(s)
  • Flooring: Tile

Heating & Cooling

  • Heating features: Central,Electric
  • Cooling features: Central Air,Electric

Interior Area

  • Total interior livable area: 1,226 sqft

Property

Details

  • Parcel number: 283636Ex00649.00019.00
  • Special condition: Standard

Features

  • Stories: 1
  • Patio & porch: Porch,Screened
  • Exterior features: Storm Shutters
  • Fencing: Chain Link

Lot

  • Lot size: 0.30 Acres
  • Features: Corner Lot

Parking

  • Total spaces: 3
  • Parking features: Attached,Attached Carport,Garage,Garage Door Opener
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 3
  • Carport: Yes
  • Carport spaces: 1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Hurricane
    HurricaneVery High
  • Lightning
    LightningRelatively High
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate
  • Wildfire
    WildfireModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Hurricane
Lightning
Strong Wind
Tornado
Wildfire
Tsunami

FEMA Declared Disasters in Brevard County and Florida

Coastal Storm
Flood
Hurricane
Severe Storm
Straight Line Winds
Tornado
Tropical Depression
Tropical Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,289$15,468
Home Insurance *$215$2,580
Property Taxes $403$4,836
Electricity $197$2,366
Total$2,104$25,248
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$72,137/yr
40% on housing$63,120/yr
45% on housing$56,106/yr

Florida FAIR Plan Programs

Citizens Property Insurance Corporation [Florida]

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,321,953Commercial: 13,564
Total Premiums$4.60B
Total Exposure$385.82B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 13.8%
13.8%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 4.8%
4.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$208This listing

vs Other Active Listings

Avg $/sqft

ZIP 32907$155
Brevard County$192

vs Homes Sold Last Month

Median $/sqft

ZIP 32907$187
Brevard County$209

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-08-04Price change$249,900
2026-07-17Listed for sale$255,000
2020-05-19Sold$166,750
2020-04-10Pending sale$168,400
2020-04-09Price change$168,400
2020-03-27Listed for sale$169,900
2014-12-16Sold$52,000
2014-05-06Sold$61,000

For Sale by Agent

AgentRyan McDuffie
BrokerageRLL Real Estate Group

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