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1605 Espejo Street SE Unit A & B

Palm Bay, FL 32909

– beds
– baths
3,400 sqft
12,197 sqft lot
$176 per sqft
2025 build
– on site

Under Construction. Discover an exceptional brand new investment opportunity in Palm Bay—a true unicorn in today’s market! This rare and 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 courtesy of STELLAR_MLS / EXP REALTY LLC

Last checked: Checking… • Last updated Feb 8, 2025 •

MLS# S5120245 —

The Building

Year Built:

2025
New Construction:

true
Builder Model:

None
Builder Name:

Mimeca Construction
Construction Materials:

Stucco
Levels:

One
Roof:

Shingle
Foundation Details:

Slab
Window Features:

Impact Glass/Storm Windows
Patio And Porch Features:

Patio
Unit Number:

A & B
# of Buildings:

1
Building Area Units:

Square Feet

Interior

Interior Features:

Kitchen/Family Room Combo
Flooring:

Luxury Vinyl
Fireplace:

false

Room Dimensions

Living Area:

3400
Living Area Units:

Square Feet
Living Area Source:

Owner

Location

Directions:

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 Espejo St SE.
Latitude:

27.935029
Longitude:

-80.625295
Coordinates:

-80.625295, 27.935029

The Property

Parcel Number:

29 3728KQ201212
Property Type:

Residential Income
Property Subtype:

Duplex
Property Condition:

Under Construction
Lot Size Acres:

0.28
Lot Size Area:

12197
Lot Size SqFt:

12197
Lot Size Dimensions:

120 x 100
Lot Size Units:

Square Feet
Total Acres:

1/4 to less than 1/2
Zoning:

RM10
View:

false
Exterior Features:

Sliding Doors
Water Source:

Public
Road Surface Type:

Asphalt
Flood Zone Code:

x
Additional Parcels:

false
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Lot:

12
Tax Block:

2012
Tax Legal Description:

PORT MALABAR UNIT 46 LOT 12 BLK 2012
Tax Book Number:

22-58
Tax Annual Amount:

972.98

The Listing

Special Listing Conditions:

None

Heating & Cooling

Heating:

Central
Heating:

true
Cooling:

Central Air
Cooling:

true

Utilities

Utilities:

Electricity Available
Sewer:

Septic Tank

Appliances

Appliances:

Dishwasher
Laundry Features:

Laundry Closet

The Community

Subdivision Name:

PORT MALABAR UNIT 46
Senior Community:

false
Waterview:

false
Water Access:

false
Waterfront:

false
Pool Private:

false
Association:

false
Ownership:

Fee Simple

Parking

Garage:

true
Attached Garage:

true
Garage Spaces:

2
Carport:

false
Covered Spaces:

2

Extra Units

# of Units Total:

2

Explore the Area

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Spectrum

Provided by BroadbandNow®

Sale history

Date	Event	Source	Price	% Change
2/7/25 Feb 7, 2025	Listed / Active	STELLAR_MLS	$599,900

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This multifamily located in Palm Bay, FL 32909 is currently for sale for $599,900. 1605 Espejo Street SE Unit A & B is a 3,400 square foot multifamily with – beds and – baths that has been on Estately for 0 days. This multifamily is in the attendance area of Sunrise Elementary School, Bayside High School, and Southwest Middle School.

Listing Courtesy of: STELLAR_MLS and EXP REALTY LLC.

Based on information from the My Florida Regional MLS DBA Stellar MLS 2025.

All information provided is deemed reliable but is not guaranteed and should be independently verified. Stellar MLS, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. Stellar MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. For any questions please call (407) 499-8911.