Affordable 4 Bedroom Home for Sale in Palm Bay with City Water & Sewer – Move-In Ready! Searching for an affordable 4-bedroom home in Palm Bay, FL? This move-in-ready home in the desirable Port Malabar area offers exceptional value, flexible living space, and major updates—all for just $240,000. Featuring approximately 1,300 square feet of living space, this well-maintained home includes 4 bedrooms, 1.5 bathrooms, and a versatile floor plan ideal for first-time homebuyers, growing families, remote workers, or investors seeking a great Palm Bay real estate opportunity. The professionally converted garage serves as a spacious fourth bedroom with central air conditioning while still providing additional storage space. Recent improvements include a brand-new roof installed in 2023, giving buyers added peace of mind. The property is connected to city water and city sewer, eliminating the maintenance and expense of well and septic systems—a highly sought-after feature among Palm Bay homes for sale. Conveniently located near shopping centers, restaurants, parks, schools, medical facilities, and major roadways, this home offers easy commuting throughout Brevard County and quick access to Florida's beautiful Space Coast beaches. Whether you're looking for a starter home, investment property, or affordable family home in Palm Bay, this property checks all the boxes with its combination of location, value, and functionality. First-time homebuyers may qualify for down payment assistance programs that could significantly reduce upfront costs. Ask for details. Affordable move-in-ready homes with 4 bedrooms, city utilities, and recent updates are hard to find in today's market. Schedule your private showing today before this opportunity is gone!
South Cove, located between Turkey Creek Sanctuary and the Indian River Lagoon, is a waterfront and suburban Palm Bay neighborhood with canal-lined streets and mangrove-edged views. The neighborhood’s character concentrates around the Malabar Road and U.S. 1 corridor, where marinas, bait-and-tackle counters, and low-key waterfront hangouts set the daily rhythm. Homes lean toward Florida ranches and newer builds with screened lanais, docks, and wide driveways. Kayaks and paddleboards appear at nearby launches, and evening light pulls attention toward the lagoon. Turkey Creek’s shaded trails add a cooler, green counterpoint to the salt-air setting.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Open floorplan
Bedrooms
4 bedrooms
Bathrooms
1 full bath
1 half bath
Kitchen
Range
Refrigerator
Laundry & utility
Laundry area in garage
Flooring
Carpet
Tile
Heating & cooling
Central heating
Central air conditioning
Exterior features
Storage
Home design
Single Family Residence
One level
Faces west
Parking
Attached garage (1 car)
Construction
Frame construction
Shingle roof
Slab foundation
Built on one level
Utilities
Public water
Public sewer
Electricity connected
Water connected
Sewer connected
Financial info
No lease restrictions indicated
Other
Homestead exemption indicated
Electricity and solar
View estimated energy costs and solar savings for this home
Priced slashed below market value! Motivated seller says bring me a buyer! Charming cottage home has 3 bedrooms and was recently renovated with a new kitchen, and bath and tile floors throughout the living area. New AC and water heater. Great North East Palm Bay location, with quick access to US1. Plenty of parking space for multiple cars, and a great workshop shed in the back yard. This house is move in ready!
Public Records
Nov 15, 2021
Sold
$220,429
$163/sq ft
SCMLS #916575
Nov 9, 2021
Sold
$220,500
$163/sq ft
Nov 8, 2021
Pending
—
Sep 30, 2021
Listed
$195,000
$144/sq ft
SCMLS #795802
Dec 8, 2017
Sold
$115,000
$85/sq ft
Oct 13, 2017
Listed
$125,000
$93/sq ft
SCMLS #795738
Oct 13, 2017
Listing Removed
—
Oct 13, 2017
Listed
$125,000
$93/sq ft
SCMLS #770055
Sep 1, 2017
Listing Removed
—
Nov 30, 2016
Listed
$129,000
$96/sq ft
SCMLS #576750
Dec 20, 2010
Sold
$45,000
$33/sq ft
Aug 2, 2010
Listed
$51,900
$38/sq ft
Public Records
Nov 1, 1984
Sold
$48,900
$36/sq ft
Public Records
Dec 1, 1982
Sold
$42,500
$31/sq ft
Public Records
Apr 1, 1981
Sold
$37,700
$28/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$1,722 (+2.9%)
2024
$1,673 (−54.7%)
2023
$3,691 (+93.2%)
2022
$1,910 (+94.5%)
$35,000 + $161,030
$196,030
2021
$982 (+2.6%)
2020
$957 (−9.1%)
2019
$1,053 (+2.8%)
2018
$1,025 (+210.1%)
2017
$330 (+68.6%)
2016
$196
2015
$196 (+1.6%)
2014
$193
Public record
Public record
Zoning
Beds
3
Baths
2
Stories
1
Lot width
—
Lot depth
—
Lot size
7,405 Sq. Ft.
Year renovated
2002
Finished Sq. Ft.
907
Unfinished Sq. Ft.
—
Total Sq. Ft.
907
Year built
1964
Style
Single Family Residential
County
Brevard County
APN
28 3725-01-1-13
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 27, 2026.
RM-10
Single, Two, Multiple-Family Residential District
The provisions of this district are intended to apply to an area of medium density residential development with a variety of housing types. Lot sizes and other restrictions are intended to promote medium density residential development, maintaining an adequate amount of open space for such development.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Housing-Senior
Infrastructure
Public service
Recreation
Park & open space
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.15% chance of being in a wildfire in next 30 years
10/10 Heat Factor
7 days above 105° expected this year, 23 days in 30 years
10/10 Wind Factor
99% chance of strong winds in next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Palm Bay, FL • 32905
Average low and high temperatures (°F)
70
51
75
57
79
62
82
68
87
74
89
75
89
76
90
77
88
77
83
73
78
64
74
59
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
95/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 12% for direct sun exposure in Palm Bay. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.9 hrs
7.5 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1107 Cable Ln
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $225,000 and $270,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $225K to $270K.