$585,000
NEW CONSTRUCTION $15K PRICE DROP

1625 Chamorro St SE Unit A & B Palm Bay, FL 32909

Estimated payment $3,346/month

Total Views 1,808
6 Beds
4 Baths
2,780 Sq Ft
$210 Price per Sq Ft

Highlights

  • New Construction
  • No HOA
  • Family Room Off Kitchen
  • Open Floorplan
  • Oversized Lot
  • 2 Car Attached Garage

About This Home

PRICE TO SELL - NOW AT APPRAISED VALUE - NO GUESSWORK! Discover an exceptional brand new investment opportunity in Palm Bay—a true unicorn in today’s market! INVESTOR'S DREAM: LEASED & EARNING DEOM DAY ONE! This unique golden opportunity offers complete privacy between units, making it perfect for investors looking to live in one unit and rent the other for steady, passive income. With no HOA or CDD restrictions, you can enjoy the freedom to truly make this property your own with the least amount of expenses… more money for your pocket! Inside, every detail has been thoughtfully upgraded. Both units feature modern luxury with elegant luxury vinyl plank flooring, stainless steel appliances, and large format tile that exudes sophistication. The contemporary design is enhanced by darks and brass fixtures, wood shaker cabinets, quartz and butcher block countertops, and all LED ceiling lights. Impact windows and doors, a tankless water heater, and recent updates throughout ensure comfort and peace of mind for years to come. Step outside to a massive backyard—a blank canvas perfect for outdoor entertaining or future enhancements. Located less than 2 miles from Waterstone, the new Publix Shopping Center, and surrounded by exciting new developments, this property combines convenience with high-income potential. Seize this unique opportunity in Palm Bay and capitalize on a duplex that stands apart from the rest!

Listing Agent

Angie Amate

EXP REALTY LLC Brokerage Phone: 888-883-8509 License #3295927

EXP REALTY LLC

Co-Listing Agent

Ceila Morales

EXP REALTY LLC Brokerage Phone: 888-883-8509 License #3079625

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $973

Year Built

  • Built in 2025 | New Construction

Lot Details

  • 0.43 Acre Lot
  • Oversized Lot

Parking

  • 2 Car Attached Garage

Home Design

  • Duplex
  • Home is estimated to be completed on 3/15/25
  • Slab Foundation
  • Shingle Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 2,780 Sq Ft Home
  • Open Floorplan
  • Family Room Off Kitchen
  • Luxury Vinyl Tile Flooring
  • Storm Windows
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Walk-In Closet
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Built by MIMECA CONSTRUCTION
  • Port Malabar Un 46 Subdivision

Building Details

  • Gross Income $50,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$973

Year Built

Built in 2025 | New Construction

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Condition: Completed
  • Property Sub Type: Duplex
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 2780
  • Lot Size Acres: 0.43
  • New Construction: Yes
  • Year Built: 2025
  • Lot Size Sq Ft: 18731
  • Directions to Property: From I-95 S ramp to Miami, take exit 173 toward Malabar RD SE. Use the left 2 lanes to take the Malabar Rd ramp to FL-514 E/Malabar. Merge onto Malabar RD SE. Turn right onto S Babcock St. Turn right onto Chamorro St SE.
  • Status: Active
  • Street Post Direction: SE
  • Co List Office Mls Id: MFR261010944
  • Co List Office Phone: 888-883-8509
  • Ownership: Fee Simple
  • Escrow City: Orlando
  • Escrow Postal Code: 32801
  • Escrow State: FL
  • Escrow Street Name: S Orange Ave, Suite 1000
  • Escrow Street Number: 300
  • List Office Head Office Key Nume: 1041803
  • RATIO Current Price By Calculate: 210.43
  • Total Acreage: 1/4 to less than 1/2
  • Unit Number YN: 0
  • Water Access YN: 0
  • Permit Number: BL24-04331
  • Attribution Contact: 888-883-8509
  • Tax Year: 2024
  • Special Features: 4098

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Luxury Vinyl
  • Interior Amenities: Kitchen/Family Room Combo, Open Floorplan, Walk-In Closet(s)
  • Foundation Details: Slab
  • Total Bedrooms: 6
  • Levels: One
  • Window Features: Storm Window(s)
  • Street Number Modifier: 1625
  • ResoLivingAreaSource: Builder
  • Living Area Meters: 258.27

Exterior Features

  • Exterior Features: Lighting
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Road Surface Type: Asphalt, Paved
  • Water Extras YN: 0
  • Water View YN: 0
  • Waterfront Feet Total: 0
  • Projected Completion Date: 2025-03-15T00:00:00.000

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Garage Spaces: 1
  • Garage Spaces: 1

Utilities

  • Utilities: Cable Available, Electricity Available, Water Available
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: Laundry Room
  • Sewer: Septic Tank
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association 2 YN: 0

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Lot Info

  • Zoning: RM10
  • Parcel Number: 29 3728-KQ-2032-16
  • Additional Parcels: No
  • Lot Features: Oversized Lot, Paved
  • Flood Zone Code: X
  • Lot Size Square Meters: 1740

Green Features

  • Green Verification Count: 0

Building Info

  • Builder Name: MIMECA CONSTRUCTION

Rental Info

  • Furnished: Unfurnished
  • Total Actual Rent: 2100

Multi Family

  • Gross Income: 50400
  • Number Of Units Total: 2
  • Total Num Buildings: 1
  • Unit Count: 2

Tax Info

  • Tax Annual Amount: 972.98
  • Tax Block: 2032
  • Tax Book Number: 22-58
  • Tax Lot: 16

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/24/2025 04/24/25 Price Changed $585,000 -2.5% $210 / Sq Ft
03/07/2025 03/07/25 For Sale $599,900 0.0% $216 / Sq Ft
02/28/2025 02/28/25 Pending -- -- --
02/21/2025 02/21/25 For Sale $599,900 -- $216 / Sq Ft
Source: Stellar MLS

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Source: Stellar MLS

MLS Number: S5121180

Stellar MLS