321 Allison Drive, Palm Bay, FL, 32908 | $493,000

Malabar Lakes West . 52-Acre Pool Home with Space to Gather, Room to Grow, Freedom to Live. Some homes simply check boxes. This one creates a lifestyle. Situated on a fully fenced . 52-acre homesite in desirable Malabar Lakes West, this spacious 5-bedroom, 3-bath pool home blends comfort, flexibility, and outdoor living into one exceptional property. Whether you're hosting holidays, accommodating extended family, working from home, or simply craving more space and privacy, this home was designed to adapt to the way you live. Inside, you'll find multiple living and dining areas, soaring ceilings, crown molding, ceiling fans throughout, and fresh professional interior paint in Sherwin-Williams Marshmallow. A sought after first-floor bedroom and full bath creates the perfect setup for guests, in-laws, a home office, or multi-generational living. The kitchen serves as the heart of the home, offering granite countertops, freshly painted cabinetry, pantry storage, a breakfast nook, and an oversized peninsula with seating for four. Recent upgrades include a brand-new stainless-steel refrigerator, dishwasher, garbage disposal, and workstation sink featuring a waterfall vegetable faucet, integrated pressurized cup washer, and durable easy to maintain design making meal prep and entertaining a pleasure. Upstairs, retreat to the oversized primary suite featuring a walk-in closet and a beautifully renovated spa-inspired bathroom. The custom walk-in tiled shower includes a rainfall shower head, dual body spray wands, built-in bench seating, modern finishes, and a Bluetooth-enabled exhaust fan that brings a luxury hotel feel to your daily routine. Step outside and discover where this property truly shines. The screened pool with waterfall feature creates a private backyard oasis, while the expansive fenced yard offers room for pets, play, gardening, entertaining, and future possibilities. Gather around the custom fire pit area, enjoy the mature landscaping, or simply relax knowing you have space that is increasingly difficult to find. A gated side parking area provides room to bring your boat, RV, trailer, recreational vehicles, and all your toys without HOA parking restrictions. Home additionally features a brand-new 2025 roof, 2025 fencing, 2024 gutters, 2024 pool pump, fresh landscaping and mulch, exterior pressure washing, new staircase carpeting, new laminate flooring throughout the upstairs bedrooms, loft and guest bath, updated toilets, new refrigerator water line, new garage door opener, second-floor impact windows with tint, remote blinds, exterior paint, and a newer water heater. Comfort is enhanced with dual-zone climate control, featuring a brand-new downstairs HVAC system and an upstairs system that has been recently serviced and maintained. With low HOA dues of only $450 per year, an oversized homesite, extensive updates, a resort-style backyard, and room for every stage of life, this Malabar Lakes West residence offers something increasingly rare in today's market: the freedom to spread out, entertain, store your toys, and truly enjoy the Florida lifestyle. This isn't just a house it's the place where your next chapter begins.

Features

  • Amenities: Maintained Community, Street Lights
  • Rooms: 11
  • Bedrooms: 5
  • Baths: 3 full
  • Lot Size: 64x200
  • Laundry: Inside, Laundry Room, In Unit, Upper Level, Washer Hookup
  • Style: Contemporary
  • Development: Malabar Lakes West
  • Year Built: 2004
  • Garage: 2-car Attached
  • Heating: Central, Electric
  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Approx Sq. Feet: 2,763
  • Acreage: 0.52
  • Lot Size: 64x200
  • Est. Taxes: $1,014
  • HOA Fee: $450 Annually
  • Lot Desc: Landscaped
  • View: Other, Pool
  • Elem. School: Jupiter
  • Pool: In Ground, Screen Enclosure, Waterfall, Concrete, Chlorination - Auto, Private
  • Pet Policy: Yes, No Restrictions
  • Appliances: Electric Water Heater, Dryer, Dishwasher, ENERGY STAR Qualified Refrigerator, Electric Range, Ice Maker, Microwave, Refrigerator, Water Heater, Washer, Range
  • MLS#: B26034150
  • Website: https://www.raveis.com
    /prop/B26034150/321allisondrive_palmbay_fl?source=qrflyer
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Listing courtesy of Atlantic Key Realty Group

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
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321 Allison Drive, Palm Bay, FL, 32908

$493,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $394,400 $394,400 $394,400
Term 360 months 360 months 180 months
Initial Interest Rate** 5.990% 6.375% 5.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.370% 6.512% 5.866%
Monthly Tax Payment $85 $85 $85
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $2,362 $2,461 $3,249
Total Monthly Payment $2,521 $2,620 $3,408

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.