717 Palos Verde Drive, Satellite Beach, FL 32937 (MLS# 1042949)

717 Palos Verde Drive, Satellite Beach, FL 32937

$725,000

Virtual Tour

https://www.propertypanorama.com/instaview/spc/1042949

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Property Type: Residential Bedrooms: 5 Baths: 3 Square Footage: 4,005 Lot Size (sq. ft.): 6,534 Status: Closed

Current Price: $725,000 List Date: 4/11/2025 Last Modified: 4/24/2026

Overview

Description

PREFERRED LENDER IS OFFERING 1% BACK TO APPROVED BUYER! Don't miss this rare chance to own a spacious 5BR/3BA lakefront home in the exclusive, gated Montecito community of Satellite Beach—just minutes from the ocean! With over 4,000 sq ft, this home is packed with everything you could want: brand new LVP flooring, a chef's kitchen, formal living & dining, open-concept family room, home theater, gym, and bonus space. The luxurious upstairs primary suite features a custom closet, ensuite bath, and extra walk-in. Enjoy your private backyard oasis with a summer kitchen, hot tub, and serene lake views—plenty of room to add a pool! Montecito offers resort-style amenities including a pool, gym, clubhouse, and playground. Top-rated schools, dining, and shopping are nearby, with easy access to the Indian River, Kennedy Space Center, and Orlando Airport. This beachside gem is priced to sell—act fast!

Listing Details MLS# 1042949

General Property Information

Bedrooms Total: 5
Bathrooms Total: 3
Bathrooms Full: 3
Living Area: 4005
Living Area Source: Measured
Accessibility Features YN: No
New Construction YN: No
Year Built: 2007
Garage YN: Yes
Garage Spaces: 2
Carport YN: Yes
Lot Size Acres: 0.15
Lot Size Square Feet: 6534
Association YN: Yes
Association Fee: 255
Association Fee Frequency: Quarterly
Association Name: Montecito Phase 1A
Association Fee 2 Frequency: Annually
CDD Fee YN: Yes
CDD Fee Amount: 3725
Community Fee(s) YN: Yes
Other Fee(s) Amount: 112
Water Body Access YN: No
Waterfront YN: Yes
Furnished: Unfurnished
Stories: 2
Direction Faces: West
Senior Community YN: No
Pool Private YN: No
List Price/SqFt: 186.02
Sold Price/SqFt: 181.02
Bathrooms Half: 0
Carport Spaces: 0

Property Features

Appliances: Dishwasher; Disposal; Dryer; Electric Oven; Electric Range; Freezer; Ice Maker; Induction Cooktop; Microwave; Refrigerator; Washer; Other Association Amenities: Clubhouse; Gated; Maintenance Grounds; Management - Full Time; Management - Off Site; Park; Playground; Pool Association Fee Includes: Maintenance Grounds Construction Materials: Block; Concrete; Frame; Stucco; Wood Siding Cooling: Central Air; Electric Current Use: Residential; Single Family Exterior Features: Balcony; Courtyard; Outdoor Kitchen; Other Flooring: Carpet; Tile; Wood Heating: Central; Electric Interior Features: Breakfast Bar; Built-in Features; Ceiling Fan(s); Eat-in Kitchen; Entrance Foyer; His and Hers Closets; Jack and Jill Bath; Kitchen Island; Pantry; Primary Bathroom - Tub with Shower; Split Bedrooms; Walk-In Closet(s) Levels: Two Listing Terms: Cash; Conventional; FHA; VA Loan Lot Features: Cleared Other Structures: Outdoor Kitchen Parking Features: Attached; Garage Patio And Porch Features: Front Porch; Patio; Rear Porch; Side Porch Pets Allowed: Breed Restrictions Possession: Close Of Escrow Property Condition: Updated/Remodeled Road Frontage Type: Private Road Road Surface Type: Asphalt Roof: Tile Security Features: Security Gate Sewer: Public Sewer Showing Requirements: Appointment Only; Lockbox; Showing Service Smart Home Features: Programmable Thermostat; Smoke Detector Spa Features: Above Ground; Bath; Heated; Private Special Listing Conditions: Standard Utilities: Cable Connected; Electricity Connected View: Lake; Water Water Source: Public Waterfront Features: Lake Front Showing Considerations: Occupied

Contract Information

Original List Price: 765000
Listing Contract Date: 2025-04-11
Property Sub Type: Single Family Residence

Location Tax and Legal

Street Number: 717
Street Name: Palos Verde
Street Suffix: Drive
County: Brevard
State: FL
Postal Code: 32937
MLS Area Major: 381 - N Satellite Beach
Subdivision Name: Montecito Phase 1A

Remarks and Miscellaneous

Public Remarks: PREFERRED LENDER IS OFFERING 1% BACK TO APPROVED BUYER! Don't miss this rare chance to own a spacious 5BR/3BA lakefront home in the exclusive, gated Montecito community of Satellite Beach—just minutes from the ocean! With over 4,000 sq ft, this home is packed with everything you could want: brand new LVP flooring, a chef's kitchen, formal living & dining, open-concept family room, home theater, gym, and bonus space. The luxurious upstairs primary suite features a custom closet, ensuite bath, and extra walk-in. Enjoy your private backyard oasis with a summer kitchen, hot tub, and serene lake views—plenty of room to add a pool! Montecito offers resort-style amenities including a pool, gym, clubhouse, and playground. Top-rated schools, dining, and shopping are nearby, with easy access to the Indian River, Kennedy Space Center, and Orlando Airport. This beachside gem is priced to sell—act fast!

Status Change Information

Major Change Timestamp: 2025-07-18T15:55:57Z
Major Change Type: Status Change
Price Change Timestamp: 2025-04-24T12:02:03Z
Status Change Timestamp: 2025-07-18
Purchase Contract Date: 2025-06-30
Close Date: 2025-07-18
Close Price: 725000

More Information

Closing Company Details

Closing Company Name: Oasis Title and Escrow
Closing Company Address: 6525 3rd Street Suite 109 Rockledge, FL 32955

DPR Eligible

DPR Eligible: Yes

Legal Details

Permission Granted to Advertise: Yes

Location, Tax, and Legal

Tax Account: 2629023
Parcel Number: 26-37-26-32-00000.0-0126.00
General County Location: South
Elementary School: Sea Park
Middle School: DeLaura
High School: Satellite
Tax Annual Amount: 15275.22
Tax Year: 2024
Tax Legal Description: MONTECITO PHASE 1A LOT 126
Directions: From South Patrick Drive, turn East on to Tortoise Drive. Turn Right onto Mission Bay Dr. Follow the road as it turns left and becomes Montecito Dr. Turn left on to Palos Verde Dr. It is the second house on the right.

Appliances

Dishwasher: Yes
Disposal: Yes
Dryer: Yes
Electric Oven: Yes
Electric Range: Yes
Freezer: Yes
Ice Maker: Yes
Induction Cooktop: Yes
Microwave: Yes
Refrigerator: Yes
Washer: Yes
Other: Yes

Association Amenities

Clubhouse: Yes
Gated: Yes
Maintenance Grounds: Yes
Management - Full Time: Yes
Management - Off Site: Yes
Park: Yes
Playground: Yes
Pool: Yes

Association Fee Includes

Maintenance Grounds: Yes

Construction Materials

Block: Yes
Concrete: Yes
Frame: Yes
Stucco: Yes
Wood Siding: Yes

Cooling

Central Air: Yes
Electric: Yes

Current Use

Residential: Yes
Single Family: Yes

Exterior Features

Balcony: Yes
Courtyard: Yes
Outdoor Kitchen: Yes
Other: Yes

Flooring

Carpet: Yes
Tile: Yes
Wood: Yes

Heating

Central: Yes
Electric: Yes

Interior Features

Breakfast Bar: Yes
Built-in Features: Yes
Ceiling Fan(s): Yes
Eat-in Kitchen: Yes
Entrance Foyer: Yes
His and Hers Closets: Yes
Jack and Jill Bath: Yes
Kitchen Island: Yes
Pantry: Yes
Primary Bathroom - Tub with Shower: Yes
Split Bedrooms: Yes
Walk-In Closet(s): Yes

Levels

Two: Yes

Listing Terms

Cash: Yes
Conventional: Yes
FHA: Yes
VA Loan: Yes

Lot Features

Cleared: Yes

Other Structures

Outdoor Kitchen: Yes

Parking Features

Attached: Yes
Garage: Yes

Patio And Porch Features

Front Porch: Yes
Patio: Yes
Rear Porch: Yes
Side Porch: Yes

Pets Allowed

Breed Restrictions: Yes

Possession

Close Of Escrow: Yes

Road Frontage Type

Private Road: Yes

Road Surface Type

Asphalt: Yes

Roof

Tile: Yes

Security Features

Security Gate: Yes

Sewer

Public Sewer: Yes

Spa Features

Above Ground: Yes
Bath: Yes
Heated: Yes
Private: Yes

Special Listing Conditions

Standard: Yes

Utilities

Cable Connected: Yes
Electricity Connected: Yes

View

Lake: Yes
Water: Yes

Water Source

Public: Yes

Waterfront Features

Lake Front: Yes

Showing Requirements

Appointment Only: Yes
Lockbox: Yes
Showing Service: Yes

Showing Considerations

Occupied: Yes

Smart Home Features

Programmable Thermostat: Yes
Smoke Detector: Yes

Property Condition

Updated/Remodeled: Yes

Documents

Listing Office: RE/MAX Solutions

Last Updated: April - 24 - 2026

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

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