See Home Value
$505,000
● House - Off Market

321 Allison Drive

Palm Bay, FL 32908
bedrooms
5 Beds
bathrooms
3 Baths
square feet
2,763 Ft²
$2,543
Est. Monthly
$38
HOA / Fees

About This Property

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 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.
Unit Size
2,763 Ft²
Days on Market
42 days
Land Size
0.52 acres
Price per sqft
$178
Property Type
House
Property Taxes
$84
HOA Dues
$38
Year Built
2004

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Last updated: 3 months ago (Space Coast MLS #1078535)

Price History

Date / Event Date Event Price
Jul 10, 2026 Sold
Sold
Jun 12, 2026 In contract -
In contract
Jun 8, 2026 Price Decreased $493,000
↓ $6K (1.2%)
Price Decreased
May 29, 2026 Listed by Atlantic Key Realty group $499,000
Listed by Atlantic Key Realty group
Oct 17, 2025 Listed $669,000
Listed
With its vaulted ceilings & crown molding throughout, this home combines space, modern upgrades, neighborhood charm, and prime location — a rare find in Palm Bay! Nestled in a highly sought neighborhood known for its welcoming community, maintained homes, and low HOA fees. Tucked away from main roads, with a peaceful and small community feel, and spacious lots that provide comfort and privacy. Just a few of the recent updates include a new roof ,gutters, hot water tank, paint, luxury vinyl floors, A/C, fence, pool pump, granite countertops, tinted energy efficient windows, appliances, and master bath updated to walk-in shower with waterfall and custom bench. Screened in patios and an extra parking pad, creating a perfect space to enjoy Florida living year-round. Step into your private backyard oasis with mature tropical landscaping, unwind by the saltwater pool or gather around the fire pit. Minutes away, is a brand-new shopping center, easy access to parks, I-95, the river & beaches
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Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2014
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 14
  • Building Condition: 0
  • Building Quality: 4
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 462
  • Parking Space Count: 2
  • Patio Type: 69
  • Porch Type: 35
  • Pool Type: 8
  • Location Influence Type: 179

    Dimensions

  • Lot Size Square Feet: 22,651
  • Lot Size Frontage Feet: 1,150
  • Total Building Area: 3,652
  • Gross Building Area: 3,652
  • Building Area: 2,763
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,763
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MALABAR LAKES WEST SUBDIVISION PHASE 1A
  • Land Acres: 0000000520
  • Standard Land Use Code: 1001
  • County Land Use Code: 0110
  • State Land Use Code: 001
  • Legal Description 1: MALABAR LAKES WEST SUBDIVISION PHASE 1A LOT 2 BLK A

Neighborhood

  • School District Name: Brevard County School District
  • Census Tract: 071354

Zoning

  • Zoning: SR

Geography

  • Assessors Map Reference: 384
  • Account Number: 2960204
  • Parcel: 29-36-04-01-0000A.0-0002.00
  • Block: A
  • Lot: 2
  • Meridian: SEC 04 TWN 29S RNG 36E
  • Municipality: UNINCORP DISTRICT 5
  • Latitude: 27.9942
  • Longitude: -80.7255

    Address

  • Full Address: 321 Allison Dr
  • Address - House Number: 321
  • Address - Street Name: Allison
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Palm Bay
  • Carrier Code: R110
  • 4-Digit Zip Code: 6405
  • Zip Code: 32908

Valuation

    Tax

  • Total Area: 3,166
  • Tax Year: 2022
  • Tax Amount: $77,668
  • Tax Rate Code Area: 5300

    Appraisal Valuation

  • Standard Deviation: 0.1719
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 78
  • Final Value: 519,473
  • High Value: 608,791
  • Low Value: 430,156

    Market Valuation

  • Market Total Value: $321,470

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $306,890

    Exemptions

  • Veteran Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 17, 2019
  • Current Sale Recording Date: Oct 09, 2019
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2019221720
  • Previous Sale Recording Date: Dec 14, 2016
  • Previous Sale Contract Date: Dec 07, 2016
  • Previous Sale Amount: $74,300
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Malabar Lakes West


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Frequently Asked Questions

When was property at 321 Allison Drive built and last sold?
The property at 321 Allison Drive was built in 2004 and last sold on Sep 17, 2019 for $345,500.
How much is this home worth?
The estimated value of the home located at 321 Allison Drive is $503,990.
What are some comparable homes to 321 Allison Drive?
There are currently no comparable homes to 321 Allison Drive.