When was property at 717 Palos Verde Drive built and last sold?

The property at 717 Palos Verde Drive was built in 2007 and last sold on Sep 15, 2022 for $865,000.

How much is this home worth?

The estimated value of the home located at 717 Palos Verde Drive is $706,569.

What are some comparable homes to 717 Palos Verde Drive?

There are currently no comparable homes to 717 Palos Verde Drive.

Satellite Beach

32937

Montecito

717 Palos Verde Drive

Sold on Jun 1, 2026

Map

$665,000

● House - Off Market

717 Palos Verde Drive

Satellite Beach, FL 32937

5 Beds

3 Baths

4,005 Ft²

$5,186

Est. Monthly

$276

HOA / Fees

About This Property

With approx. 4,005 sq ft, this expansive Montecito home delivers space, flexibility, & a layout designed to truly work for everyday living. The first floor offers multiple defined living areas including a formal living room, dining room, & a spacious family room, all finished w/ durable LVP flooring. The kitchen opens to an oversized flex room featuring built-in cabinetry, space for a second refrigerator, a dedicated mini split, & a striking 150-gallon aquarium. A 1st-floor bedroom & full guest bath add convenience for guests or multi-generational living. Upstairs, wood floors lead to a generously sized primary suite w/ a bright bath, adjoining flex space ideal for a gym or office, & a private balcony overlooking the courtyard. A Bonus room with carpet, three additional bedrooms, a full guest bath with dual sinks, & an upstairs laundry room complete the second level. Outdoor living includes multiple pergola-covered patios, summer kitchen, a spacious backyard, & tranquil pond views. Located in a gated community with a million-dollar clubhouse, fitness center, Olympic-sized pool, & beach proximity.

Unit Size

4,005 Ft²

Days on Market

129 days

Land Size

0.15 acres

Price per sqft

$171

Property Type

House

Property Taxes

$1,546

HOA Dues

$276

Year Built

2007

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Last updated: 6 months ago (Space Coast MLS #1067428)

Price History

Date / Event	Date	Event
Jun 1, 2026	Sold	Premium
Sold
Apr 24, 2026	In contract	-
In contract
Feb 17, 2026	Price Decreased	$685,000 ↓ $30K (4.2%)
Price Decreased
Jan 23, 2026	Listed by Compass Florida, LLC	$715,000
Listed by Compass Florida, LLC
Jul 18, 2025	Sold	Premium
Sold
Jun 24, 2025	In contract	-
In contract
Apr 24, 2025	Price Decreased	$745,000 ↓ $20K (2.6%)
Price Decreased
Apr 11, 2025	Listed by RE/MAX Solutions	$765,000
Listed by RE/MAX Solutions

	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!
Sep 15, 2022	Sold	Premium
Sold
May 19, 2022	Listed by Compass Florida, LLC	$879,900
Listed by Compass Florida, LLC
Sep 18, 2012	Sold	Premium
Sold
Jun 6, 2011	Listed by Smart Choices Realty	$359,000
Listed by Smart Choices Realty

	Best Deal on the BEACH! Only 3 years old and features 5 bedroom 3 full bath plus media room and lakefront. Walking distance to the beach and gorgeous amenities. Maintenance free community and only new home community on beach side.
Jan 10, 2007	Sold	Premium
Sold

Property Highlights

Garage

Air Conditioning

Building Info

Overview

General

Year Built: 2007

Effective Year Built: 2010
Building Count: 1
Bedroom Count: 5
Bathroom Count: 3
Full Bathrooms: 3
Partial Bathrooms: 3
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: 4
Floor Count: 200
Living Units: 1
Floor Cover: 0
Basement Type: 0
Basement Area: 0
Garage Type: 1
Garage Square Area: 420
Parking Space Count: 2
Patio Type: 5
Porch Type: 35
Pool Type: 0
Location Influence Type: 118

Dimensions

Lot Size Square Feet: 6,534

Lot Size Frontage Feet: 470
Total Building Area: 4,481
Gross Building Area: 4,481
Building Area: 3,495
Building Area Measurement: L

Heating and Cooling

Air Conditioning: 1

Heating: 3
Heated Square Feet: 3,495
Heating Fuel Type: 0

Utilities

Sewer System: 0

Water Service: 0

Building

Building Type: 0

Property Class: R
Subdivision: MONTECITO PHASE 1A
Land Acres: 0000000150
Standard Land Use Code: 1001
County Land Use Code: 0110
State Land Use Code: 001
Legal Description 1: MONTECITO PHASE 1A LOT 126

Neighborhood

School District Name: Brevard County School District

Census Tract: 066800

Zoning

Zoning: PUD

Geography

Assessors Map Reference: MB 54 PG 40

Account Number: 2629023
Parcel: 26-37-26-32-00000.0-0126.00
Lot: 126
Meridian: SEC 26 TWN 26S RNG 37E
Municipality: SATELLITE BEACH
Latitude: 28.1961
Longitude: -80.6035

Address

Full Address: 717 Palos Verde Dr

Address - House Number: 717
Address - Street Name: Palos Verde
Address - Suffix Type: Dr
State: FL
City Name: Satellite Beach
Carrier Code: C055
4-Digit Zip Code: 5744
Zip Code: 32937

Valuation

Tax

Total Area: 3,788

Tax Year: 2022
Tax Amount: $1,081,461
Tax Rate Code Area: 41M0

Appraisal Valuation

Standard Deviation: 0.2038

Valuation Date: Jan 03, 2024
Confidence Score: 72
Final Value: 872,569
High Value: 1,050,475
Low Value: 694,663

Open Liens

Total Open Liens:

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Total Open Liens Amount:

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First Open Lien Mortgage Lender:

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First Open Lien Mortgage Recording Date:

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First Open Lien Mortgage Loan Amount:

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First Open Lien Mortgage Loan Due Date:

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Market Valuation

Market Total Value: $576,790

Assessments Valuation

Assessed Year: 2022

Assessed Total Value: $435,190

Sales

Current Sale Contract Date: Sep 15, 2022

Current Sale Recording Date: Sep 15, 2022
Current Sale Price:

Premium
Current Sale Document Type: 71
Current Sale Input Document Number: 226820
Previous Sale Recording Date: Sep 18, 2012
Previous Sale Contract Date: Aug 31, 2012
Previous Sale Amount: $339,000
Previous Sale Document Type: 71

Last Sale Mortgage

First Mortgage Lender:

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First Mortgage Transaction Date:

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First Mortgage Loan Amount:

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First Mortgage Terms:

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Data used for valuation calculations is provided by RealtyHop, and other third party sources

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Comparables

About Montecito

Stats & Trends

Median Asking:

$519,900

Sale Price/ft²

$242

Below Asking

0.03%

Average Days on Market

109

Average Home Size

2397 ft²

Average Home Age

16.6 years

Currently For Sale

5 Listings

Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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2 Baths
1,300 ft²

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$2,100 /mo

2 Beds
1 Bath
946 ft²

530 Sheridan Avenue, Satellite Beach, FL, 32937 Listing by Rusty Melle

Unit for rent at 532 Sheridan Avenue, Satellite Beach, FL, 32937

$2,100 /mo

2 Beds
1 Bath
946 ft²

532 Sheridan Avenue, Satellite Beach, FL, 32937 Listing by Rusty Melle

Rentals Near You

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Listed by: Milly Akins, Compass Florida, LLC
Last Updated: 6 months ago
Data Source: Space Coast MLS, MLS# 1067428

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