45
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449 NE Gilbert Drive NE
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 2, 2026 | Listed by U S Realty Hub LLC | $348,500 | |
| Listed by U S Realty Hub LLC | |||
| May 1, 2026 | Sold | ||
| Sold | |||
| Mar 17, 2026 | In contract | - | |
| In contract | |||
| Feb 19, 2026 | Listed by Real Broker, LLC | $335,000 | |
| Listed by Real Broker, LLC | |||
| | |||
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Welcome home to 449 Gilbert Drive NE in the heart of Central Palm Bay, where space, light, and comfort come together beautifully.
Pulling up, you'll immediately notice the inviting curb appeal--mature palms, a wide driveway, and a side-entry two-car garage set on a generous .27-acre lot. This is the kind of property that gives you breathing room, with a fully fenced backyard and no HOA to limit your lifestyle.
Step inside and you're greeted by soaring vaulted ceilings and warm wood-look laminate flooring that flows through the main living areas. The open floor plan creates an airy, expansive feel from the moment you enter. Rounded archways and soft natural light give the home character and warmth, while the layout offers flexibility for the way you live.
The kitchen truly anchors the home. Crisp white cabinetry, new major kitchen appliances (May 2024), generous counter space, and a breakfast bar make it both functional and welcoming. Whether you're prepping dinner, helping with homework, or entertaining friends, you'll stay connected to the dining and living spaces with ease. The adjacent dining area is spacious enough for holiday gatherings, yet perfectly comfortable for everyday meals.
Beyond the main living room, you'll find additional gathering space--ideal for a media room, game room, home office, or second lounge. The split-bedroom floor plan provides privacy, with a generously sized primary suite featuring a walk-in closet and fresh carpet installed in December 2025, while the secondary bedrooms are light-filled and comfortable for family or guests.
Step outside and imagine weekend barbecues under your private gazebo. The backyard has been enhanced with a new wooden privacy fence (June 2025), offering added seclusion and peace of mind. There's room for pets, play, or even a future pool, and the covered patio creates a relaxing space to enjoy Florida evenings year-round.
Major system updates provide confidence and efficiency, including a new roof (November 2024) and a new HVAC system (August 2022). Energy-conscious buyers will also appreciate the Energy Star efficient washer & dryer, HVAC, and major appliances, helping to reduce utility costs while supporting sustainable living.
Built in 2002 and offering 1,768 square feet of living space (2,296 total building area), this 3-bedroom, 2-bath home blends open-concept design, thoughtful updates, and meaningful improvements in a prime Palm Bay location near Lockmar Elementary, Central Middle, and Palm Bay High.
If you've been searching for a home that feels open, welcoming, and move-in ready with the big-ticket items already done--this is it.
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| Jan 6, 2020 | Sold | ||
| Sold | |||
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About Port Malabar
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017