2927 Pinewood Dr NE Unit NE Palm Bay, FL 32905
Port Malabar NeighborhoodEstimated payment $2,292/month
Highlights
- Pool View
- Balcony
- Patio
- Community Pool
- Breakfast Bar
- Living Room
About This Home
AMAZING VALUE for surf enthusiasts, investors, and home-buyers alike! NEW roof, landscaping, paint, kitchen countertops, sinks, toilets, vanities, and lights (2025), NEW luxury VP flooring (2024) NEW HVAC motor (2023) New kitchen and laundry appliances (2022), and NEW water heater (2021). You will enjoy this cozy surf den with upgrades like luxury VP flooring laid in a classic herringbone pattern that flows throughout the entire home creating an open space. The spacious well planned kitchen has been updated with marble patterned countertops, soft close cabinetry, and modern finishes. The upgrades continue into both bathrooms where special touches including 3-tier capiz seashell lighting adds a spa-like ambiance. Tech upgrades add convenience and energy savings with efficient LED lighting, keypad entry, and ring doorbell camera equipped. The tranquil patio transforms the home into a tropical oasis, with artificial turf floors for added green space, and a dream grill and patio set boasting pool views. No next door neighbor for added privacy in a welcoming pet friendly growing community. Furniture and decor negotiable. The neutral color scheme of this 2/2 2nd story condo holds its resale value as a turn-key long-term rental with rent comps averaging $1,600+ and high demand from the influx of surf enthusiast in one of Brevard county's fastest growing areas. Only 12 minutes to beaches, 10 minutes to downtown Melbourne, 5 minutes to Florida Technical College and the Melbourne Arts District, 90 minutes to Disney, easy access to Melbourne and Orlando (MCO) International Airports, with major shopping and grocery including Publix, Sprouts, Aldi, Winn-Dixie, Target, Home Goods, Ulta, Wawa, Tesla Supercharger, Crumble Cookie and Kava nearby. Coast Electric $100 (thermostat set to 75), Spectrum $55 (1GB high speed internet), City of Palm Bay Utilities $70 (water), Condo Association Fee $1,316.54 Palm Bay Club Homeowners Condominium Association, Inc. (Security, pool, landscaping, maintenance, garbage). The seller purchased this property and taught themself to surf and compete in less than a year, met the man of their dreams, made friends and memories for a lifetime while enjoying the maintenance free convenience of condo living in a beach centric community in one of the fastest growing areas in Brevard county. Come create your destination!
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $1,798
Year Built
- Built in 1985 | Remodeled
HOA Fees
- $1,316 Monthly HOA Fees
Parking
- Unassigned Parking
Home Design
- Stucco
Interior Spaces
- 1,036 Sq Ft Home
- 1-Story Property
- Living Room
- Dining Room
- Vinyl Flooring
- Pool Views
Kitchen
- Breakfast Bar
- Electric Oven
- Electric Range
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Full Bathrooms
Laundry
- Dryer
- Washer
Home Security
Outdoor Features
- Balcony
- Patio
Utilities
- Central Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 28-37-22-00-00272.P-0000.00
Community Details
Overview
- Association fees include ground maintenance, trash
- On-Site Maintenance
Recreation
- Community Pool
Additional Features
- Security
- Fire and Smoke Detector
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $1,798 | $93,070 | -- | -- |
| 2023 | $1,798 | $102,490 | $0 | $102,490 |
| 2022 | $1,580 | $82,140 | $0 | $0 |
| 2021 | $43 | $16,760 | $0 | $0 |
| 2020 | $43 | $16,530 | $0 | $0 |
| 2019 | $102 | $16,160 | $0 | $0 |
| 2018 | $104 | $15,860 | $0 | $0 |
| 2017 | $114 | $15,540 | $0 | $0 |
| 2016 | $43 | $15,230 | $0 | $0 |
| 2015 | $43 | $15,130 | $0 | $0 |
| 2014 | $43 | $15,010 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/23/2025 07/23/25 | For Sale | $155,000 | -- | $150 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $110,000 | First International Title | |
| Quit Claim Deed | $100 | First International Title | |
| Certificate Of Transfer | $100 | -- | |
| Warranty Deed | $150,000 | Attorney | |
| Quit Claim Deed | -- | Attorney |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $228,000 | Reverse Mortgage Home Equity Conversion Mortgage | |
| Previous Owner | $85,500 | Balloon |
Source: Daytona Beach Area Association of REALTORS®
MLS Number: 1215908
APN: 28-37-22-00-00272.P-0000.00
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