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875 Gabriel Avenue NE, Palm Bay, FL, 32907

3beds
2baths
2,160sqft
$349,000
$162price/sqft
$2,584/moest. monthly cost
$103,360/yrincome needed

About This Home

Located in the highly desirable Lockmar area of Palm Bay, this home offers the perfect opportunity to create something truly your own. Even better, the sellers are offering a brand-new roof at closing, giving you peace of mind for many years to come. Situated on an oversized .40-acre lot, there's plenty of space for outdoor living, entertaining, or even adding a pool. Inside, you'll find a split bedroom floor plan that provides privacy and functionality, along with vaulted ceilings that make the main living areas feel open and inviting. A large Florida room adds flexibility--perfect for a home office, playroom, gym, or second living space. This home is ready for your personal touch and updates, making it an ideal option for buyers looking to customize a property.

Getting Around

9
WalkingCar-Dependent
0
TransitVery Limited Transit
32
BikeSomewhat Bikeable

Schools

6/10
Lockmar Elementary SchoolGrades PK-60.8 mi
5/10
Central Middle SchoolGrades 7-83.0 mi
2/10

Construction

Condition

  • Property condition: Resale
  • Year built: 1992

Materials

  • Foundation: Slab
  • Roof: Shingle
  • Construction materials: Block

Type & Style

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

Interior

Appliances

  • Appliances included: Dryer,Dishwasher,Electric Range,Microwave,Refrigerator,Washer
  • Laundry features: Laundry Room

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 2
  • Main level bathrooms: 2
  • Main level bedrooms: 3

Features

  • Breakfast Area,Bathtub,Dual Sinks,High Ceilings,Living/Dining Room,Split Bedrooms,Soaking Tub,Separate Shower,Vaulted Ceiling(s),Walk-In Closet(s)
  • Flooring: Carpet,Ceramic Tile

Heating & Cooling

  • Heating features: Electric
  • Cooling features: Central Air,Ceiling Fan(s)

Interior Area

  • Total structure area: 2,580
  • Total interior livable area: 2,160 sqft

Kitchen

  • Level: First
  • Area: 81
  • Dimensions: 9 X 9

Living Room

  • Level: First
  • Area: 204
  • Dimensions: 12 X 17

Master Bedroom

  • Area: 168
  • Dimensions: 14 X 12

Property

Details

  • Parcel number: 283730kp02400014
  • Zoning: RESI
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1
  • Exterior features: None

Lot

  • Lot size: 0.40 Acres
  • Features: Corner Lot,Oversized Lot,1/4 to 1/2 Acre Lot

Parking

  • Total spaces: 4
  • Parking features: Attached,Driveway,Garage
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2
  • Has uncovered spaces: Yes

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
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Hurricane
Lightning
Strong Wind
Tornado
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 $1,764$21,168
Home Insurance *$294$3,528
Property Taxes $309$3,708
Electricity $217$2,608
Total$2,584$31,008
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$88,594/yr
40% on housing$77,520/yr
45% on housing$68,906/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

$162This 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)

No zestimate history available

Price History

DateEventPrice
2026-04-20Price change$359,900
2026-03-20Listed for sale$370,000

For Sale by Agent

AgentDwayne Byrd, Arium Real Estate, LLC
BrokerageArium Real Estate, LLC

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