1623 Espejo St SE Unit A & B Palm Bay, FL 32909
Estimated payment $3,271/month
Highlights
- Under Construction
- Living Room
- 2 Car Garage
- No HOA
- Central Air
- South Facing Home
About This Home
Brand-new modern duplex in rapidly growing Palm Bay—an exceptional investment opportunity with no HOA or CDD fees! This turnkey property offers complete privacy between units, making it ideal for investors or owner-occupants looking to live in one side and rent the other. Both units feature high-end finishes. Built for comfort and efficiency. A spacious backyard adds potential for outdoor living or future enhancements. Conveniently located near Waterstone, the new Publix Shopping Center, and multiple new developments, this duplex is positioned for long-term value and steady rental income.
This property is currently under construction and the expected completion date is end of June 2025.
Seller is offering entire duplex at $599,000 or single duplex at $329,000 each
Investor Info: Insurance $1800 yr, Taxes est $4500-$5k, Rent per side $2400-$2600 each , Based on $600k purchase and $2400 per month each / $4800 total monthly rent $57,600 yr, Cap or ROI 9.6%
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $944
Year Built
- Built in 2025 | Under Construction
Lot Details
- 0.28 Acre Lot
- South Facing Home
Parking
- 2 Car Garage
Home Design
- Home is estimated to be completed on 6/30/25
- Block Exterior
- Stucco
Interior Spaces
- 3,016 Sq Ft Home
- 1-Story Property
- Living Room
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Full Bathrooms
Schools
- Sunrise Elementary School
- Southwest Middle School
- Bayside High School
Utilities
- Central Air
- Heating Available
Community Details
- No Home Owners Association
- Port Malabar Unit 46 Subdivision
Listing and Financial Details
- Assessor Parcel Number 29-37-28-Kq-02012.0-0011.00
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/16/2025 07/16/25 | For Sale | $599,000 | 0.0% | $199 / Sq Ft |
| 05/13/2025 05/13/25 | Pending | -- | -- | -- |
| 04/28/2025 04/28/25 | For Sale | $599,000 | -- | $199 / Sq Ft |
Source: Space Coast MLS (Space Coast Association of REALTORS®)
MLS Number: 1044473
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