1632 Water Dr NE, Palm Bay, FL, 32905
About This Home
1.44 acres with beautiful river views! This rare homesite is finally available for you! Front and rear access possible. Zoned Urban Mixed Use but grandfathered in residential with restrictions. So many opportunities! The current vintage home sits elevated facing the Indian River with new lighting and walkways for relaxing strolls or throwing your pole in for a fresh catch. Start your day on the front porch with your cup of coffee and a majestic sunrise. Step back in time and enjoy the hardwood floors, the stone fireplace (decoration only), the jack and jill bath, main gathering room PLUS a front sitting room. Modern touches with central AC, water heater, stainless steel appliances, tile countertops, backsplash, and washer and dryer hookups inside the home. The main attraction is the LAND! Property runs from Water Dr to Orange Blossom Trail with much of it already cleared.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1928
Materials
- Roof: Membrane
- Construction materials: Frame,Stone,Stucco
Type & Style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Electric Oven,Electric Water Heater,Refrigerator
- Laundry features: Electric Dryer Hookup,In Unit,Washer Hookup
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Features
- Ceiling Fan(s),Jack and Jill Bath,Primary Bathroom - Tub with Shower,Primary Downstairs,Walk-In Closet(s)
- Flooring: Wood
Heating & Cooling
- Heating features: Central,Electric
- Cooling features: Central Air,Electric
Interior Area
- Total interior livable area: 956 sqft
Property
Details
- Parcel number: 2837242500001.00003.00
- Zoning description: Zoning Exception
- Special condition: Standard
Features
- Levels: One
- Stories: 1
- Patio & porch: Front Porch
- Has view: Yes
- View description: River,Trees/Woods
- Has water view: Yes
- Water view: River
Lot
- Lot size: 1.44 Acres
- Features: Other
Parking
- Parking features: Covered
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
- Lightning
- Coastal Flooding
- Inland Flooding
- Strong Wind
- Tornado
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Brevard County and Florida
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,472 | $29,664 |
| Home Insurance * | $675 | $8,100 |
| Property Taxes | $573 | $6,876 |
| Electricity | $197 | $2,366 |
| Total | $3,917 | $47,004 |
Income You'd Need if You Spent...
Florida FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-26 | Listed for sale | $489,000 |
| 2026-03-26 | Listing removed | $489,000 |
| 2026-02-17 | Contingent | $489,000 |
| 2026-01-15 | Price change | $489,000 |
| 2025-10-13 | Price change | $498,000 |
| 2025-09-26 | Listed for sale | $585,000 |
| 2025-09-26 | Listing removed | $599,900 |
| 2025-07-12 | Price change | $599,900 |
| 2025-05-12 | Price change | $659,000 |
| 2025-03-25 | Listed for sale | $679,000 |
| 2025-03-25 | Listing removed | $769,000 |
| 2025-01-28 | Price change | $769,000 |
| 2024-10-22 | Listed for sale | $799,900 |
| 2014-04-30 | Listing removed | $775 |
| 2014-04-18 | Listed for rent | $775 |
| 2003-01-03 | Sold | $100,000 |
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