597 Balcom Terrace SE, Palm Bay, FL 32909 (MLS# 1075399)

597 Balcom Terrace SE, Palm Bay, FL 32909

$280,000

Situated on an Oversized Corner Lot in Palm Bay with City Water!

Virtual Tour

https://www.virtualtourcafe.com/mls/10005104

Virtual Tour

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Corian Countertops and Backsplash, Abundant Cabinetry, Newer Appliances

Dual Sink Vanity, Walk-In Shower, and Separate Garden Tub

Spacious - with Plenty of Room to Garden, Expand, or Build a Pool

Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 1,975 Lot Size (sq. ft.): 13,504 Status: Active Under Contract

Current Price: $280,000 List Date: 4/22/2026 Last Modified: 5/26/2026

Overview

Description

Investor opportunity or ideal for a buyer ready to customize and unlock significant upside. Situated on a desirable.31-acre corner lot; this 3 Bedroom & 3 full-bathrooms home offers a spacious layout & strong value-add potential. Inside, you'll find vaulted ceilings, skylights for natural light, a wood-burning stone fireplace anchoring the family room plus a bay window in the living room. Two dining areas provide versatility, while the enclosed air-conditioned porch adds valuable flex space. A spacious primary bathroom features dual sinks, a soaking tub & a separate walk-in shower. Functional perks include a dedicated laundry room with a utility sink & custom cabinetry. Connected to city water with NO HOA or deed restrictions. Plenty of room to park a boat or RV, or design the backyard oasis of your vision with space for a pool. Whether renovating or renting, this property checks the boxes for a smart investment!

Listing Details MLS# 1075399

General Property Information

Bedrooms Total: 3
Bathrooms Total: 3
Bathrooms Full: 3
Living Area: 1975
Living Area Source: Public Records
Accessibility Features YN: No
New Construction YN: No
Year Built: 1992
Garage YN: Yes
Garage Spaces: 2
Carport YN: No
Lot Size Acres: 0.31
Lot Size Square Feet: 13504
Association YN: No
CDD Fee YN: No
Community Fee(s) YN: No
Waterfront YN: No
Furnished: Unfurnished
Stories: Yes
Direction Faces: South
Senior Community YN: No
Pool Private YN: No
List Price/SqFt: 141.77
Bathrooms Half: 0

Property Features

Appliances: Dishwasher; Disposal; Electric Oven; Electric Range; Electric Water Heater; Microwave; Refrigerator Architectural Style: Ranch Construction Materials: Block; Concrete; Stucco Cooling: Central Air; Electric Current Use: Residential; Single Family Fencing: Back Yard; Chain Link; Fenced Fireplace Features: Wood Burning Flooring: Laminate; Tile Heating: Central; Electric Interior Features: Breakfast Bar; Breakfast Nook; Ceiling Fan(s); Entrance Foyer; Primary Bathroom -Tub with Separate Shower; Skylight(s); Vaulted Ceiling(s); Walk-In Closet(s) Laundry Features: Sink Levels: One Listing Terms: Cash; Conventional Lot Features: Corner Lot Other Structures: Shed(s) Parking Features: Attached; Garage Patio And Porch Features: Patio; Rear Porch Pets Allowed: Yes Possession: Close Of Escrow Property Condition: Fixer Rental Restrictions: No Minimum Road Frontage Type: City Street Road Surface Type: Asphalt; Paved Roof: Shingle Sewer: Septic Tank Showing Requirements: Appointment Only; Showing Service Special Listing Conditions: Standard Utilities: Cable Available; Electricity Connected; Water Connected Water Source: Public Showing Considerations: Occupied Contingency Reason: Inspection

Contract Information

Original List Price: 280000
Listing Contract Date: 2026-04-22
Property Sub Type: Single Family Residence

Location Tax and Legal

Street Number: 597
Street Name: Balcom
Street Suffix: Terrace
Street Direction Suffix: SE
County: Brevard
State: FL
Postal Code: 32909
MLS Area Major: 343 - SE Palm Bay
Subdivision Name: Port Malabar Unit 50

Remarks and Miscellaneous

Public Remarks: Investor opportunity or ideal for a buyer ready to customize and unlock significant upside. Situated on a desirable.31-acre corner lot; this 3 Bedroom & 3 full-bathrooms home offers a spacious layout & strong value-add potential. Inside, you'll find vaulted ceilings, skylights for natural light, a wood-burning stone fireplace anchoring the family room plus a bay window in the living room. Two dining areas provide versatility, while the enclosed air-conditioned porch adds valuable flex space. A spacious primary bathroom features dual sinks, a soaking tub & a separate walk-in shower. Functional perks include a dedicated laundry room with a utility sink & custom cabinetry. Connected to city water with NO HOA or deed restrictions. Plenty of room to park a boat or RV, or design the backyard oasis of your vision with space for a pool. Whether renovating or renting, this property checks the boxes for a smart investment!

Status Change Information

Major Change Timestamp: 2026-05-26T14:12:31Z
Major Change Type: Status Change
Status Change Timestamp: 2026-05-26
Contingency: Active Under Contract

More Information

Closing Company Details

Closing Company Name: State Title-Jennifer Hodl(321) 985-5615; jenniferh@statetitlepartners.net
Closing Company Address: 300 E Fee Ave. Melbourne 32901

DPR Eligible

DPR Eligible: Yes

Fireplace Features

Fireplaces Total: Yes
Wood Burning: Yes

Legal Details

Permission Granted to Advertise: Yes

Currently Not Used

Homestead YN: No

Location, Tax, and Legal

Tax Account: 2937806
Parcel Number: 29-37-18-Jr-02684.0-0011.00
General County Location: South
Elementary School: Columbia
Middle School: Southwest
High School: Bayside
Tax Annual Amount: 5305.13
Tax Year: 2025
Tax Legal Description: PORT MALABAR UNIT 50 LOT 11 BLK 2684
Directions: Head south on Babcock St SE. Turn right onto Malabar Rd SE (FL-514). Continue west on Malabar Rd for about 1.5 miles. Turn left onto Eldron Blvd SE. Turn right onto Jupiter Blvd SE. Turn left onto De Groodt Rd SE. Turn right onto Balcom Terrace SE, home will be on the right.

Appliances

Dishwasher: Yes
Disposal: Yes
Electric Oven: Yes
Electric Range: Yes
Electric Water Heater: Yes
Microwave: Yes
Refrigerator: Yes

Architectural Style

Ranch: Yes

Construction Materials

Block: Yes
Concrete: Yes
Stucco: Yes

Cooling

Central Air: Yes
Electric: Yes

Current Use

Residential: Yes
Single Family: Yes

Fencing

Back Yard: Yes
Chain Link: Yes
Fenced: Yes

Flooring

Laminate: Yes
Tile: Yes

Heating

Central: Yes
Electric: Yes

Interior Features

Breakfast Bar: Yes
Breakfast Nook: Yes
Ceiling Fan(s): Yes
Entrance Foyer: Yes
Primary Bathroom -Tub with Separate Shower: Yes
Skylight(s): Yes
Vaulted Ceiling(s): Yes
Walk-In Closet(s): Yes

Laundry Features

Sink: Yes

Levels

One: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Lot Features

Corner Lot: Yes

Other Structures

Shed(s): Yes

Parking Features

Attached: Yes
Garage: Yes

Patio And Porch Features

Patio: Yes
Rear Porch: Yes

Pets Allowed

Yes: Yes

Possession

Close Of Escrow: Yes

Road Frontage Type

City Street: Yes

Road Surface Type

Asphalt: Yes
Paved: Yes

Roof

Shingle: Yes

Sewer

Septic Tank: Yes

Special Listing Conditions

Standard: Yes

Utilities

Cable Available: Yes
Electricity Connected: Yes
Water Connected: Yes

Water Source

Public: Yes

Showing Requirements

Appointment Only: Yes
Showing Service: Yes

Showing Considerations

Occupied: Yes

Property Condition

Fixer: Yes

Rental Restrictions

No Minimum: Yes

Contingency Reason

Inspection: Yes

Listing Office: Misty Morrison Real Estate

Last Updated: May - 26 - 2026

Information is deemed to be reliable, but is not guaranteed.