2581 Spence Dr NE, Palm Bay, FL 32905
PENDING

2581 Spence Dr NE
Palm Bay, FL 32905

  • 7 Beds
  • 6 Baths
  • 2,458 sqft

$565,000

Est. Mortgage $3,553/mo*
Get Pre-Qualified

$565,000

Est. Mortgage $3,553/mo*
Get Pre-Qualified
7 Beds
6 Baths
2,458 sqft

Local Information

Map showing home location
© Google
-- mins to
Commute Destination

Description

Income Producing Property near Downtown Melbourne. Welcome to 2581 Spence Dr, a rare and versatile multi unit property offering immediate income and long term upside. This unique compound style residence is occupied and currently generating rental income, making it an ideal opportunity for investors seeking a stabilized asset in a growing market. The property features a main home with 2 bedrooms, 1 bathroom, and a garage, complemented by five additional rental units that allow for diversified income streams. These include: Unit A: Studio, Unit B: Studio, Unit C: 1-bedroom unit, Unit D: Efficiency unit with a loft, Unit E: Efficiency. Tenants enjoy shared amenities including a central courtyard that creates a welcoming community feel, as well as a dedicated laundry area for added convenience. Major improvements have already been completed, offering peace of mind to the next owner. The property has a newer roof and fencing.

Home Highlights

Parking
Garage
Outdoor
No Info
View
No Info
HOA
None
Price/Sqft
$230
Listed
162 days ago

Home Details for 2581 Spence Dr NE

Interior Features

Beds & Baths
Number of Bedrooms: 7Number of Bathrooms: 6Number of Bathrooms (full): 6
Dimensions and Layout
Living Area: 2458 Square Feet
Appliances & Utilities
Utilities: Electricity Connected, Sewer Connected, Water ConnectedLaundry: Common Area
Heating & Cooling
Heating: CentralHas CoolingAir Conditioning: Central Air,Wall/Window Unit(s)Has HeatingHeating Fuel: Central
Fireplace & Spa
No Fireplace
Levels, Entrance, & Accessibility
Stories: 1Number of Stories: 1Levels: One
View
No View

Exterior Features

Exterior Home Features
Fencing: Chain Link, Fenced, WoodNo Private Pool
Parking & Garage
Number of Garage Spaces: 1Number of Covered Spaces: 1No CarportHas a GarageNo Attached GarageParking Spaces: 1Parking: Additional Parking,Garage,Off Street
Frontage
Not on Waterfront
Water & Sewer
Sewer: Public Sewer

Days on Market

Days on Market: 162

Property Information

Year Built
Year Built: 1958
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family
Building
Construction Materials: Block, Concrete, Frame, StuccoNot a New ConstructionHas Additional Parcels
Property Information
Parcel Number: 283711760000f.00002.00Additional Parcels Description: 2825766

Price & Status

Price
List Price: $565,000Price Per Sqft: $230
Status Change & Dates
Off Market Date: Thu Jun 11 2026Possession Timing: Close Of Escrow

Active Status

MLS Status: Pending

Location

Direction & Address
City: Palm Bay
School Information
Elementary School: Palm Bay ElemJr High / Middle School: StoneHigh School: Palm Bay

Agent Information

Listing Agent
Listing ID: 1065407

Community

Not Senior Community

HOA

No HOA

Lot Information

Lot Area: 9583.2 sqft

Listing Info

Special Conditions: Standard

Offer

Listing Terms: Cash, Conventional

Miscellaneous

Delayed Marketing Date: Fri Jan 02 2026Mls Number: 1065407
Last check for updates: about 19 hours ago
Listing courtesy of Caleb Jose Gomez, (321) 294-8873
Blue Marlin Real Estate
Alba Gomez, (321) 361-7757
Blue Marlin Real Estate
Source: Space Coast AOR, MLS#1065407
Also Listed on Space Coast AOR.

Market trends in Palm Bay

Last updated May 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$290K
$3.33KMoM
Sale-to-List Price
98.3%
0.1%MoM
Price per sq ft
$178
$2MoM
Available listings
901
17MoM

Price History for 2581 Spence Dr NE

DatePriceEventSource
06/11/2026$565,000PendingSpace Coast AOR #1065407
06/07/2026$545,000PendingToActiveSpace Coast AOR #1065407
05/24/2026$545,000PendingSpace Coast AOR #1065407
05/01/2026$545,000PriceChange
Space Coast AOR #1065407
03/23/2026$550,000PriceChange
Space Coast AOR #1065407
03/07/2026$574,990PriceChange
Space Coast AOR #1065407
01/03/2026$599,999Listed For SaleSpace Coast AOR #1065407
04/12/2025$1,300ListingRemovedZillow Rentals
03/19/2025$1,300PriceChange
Zillow Rentals
02/04/2025$1,350PriceChange
Zillow Rentals
01/15/2025$1,400PriceChange
Zillow Rentals
12/12/2024$1,500Listed For RentZillow Rentals
12/11/2024$1,500ListingRemovedZillow Rentals
12/05/2024$1,550Listed For RentZillow Rentals
11/19/2024$1,550ListingRemovedZillow Rentals
10/30/2024$1,550PriceChange
Zillow Rentals
10/03/2024$1,600Listed For RentZillow Rentals
12/30/2021$400,000Sold
Space Coast AOR #901734
12/01/2021$699,000PendingRE/MAX International #901734
12/01/2021$699,000ContingentSpace Coast AOR #901734
06/09/2021$699,000PriceChange
Space Coast AOR #901734
04/09/2021$799,000Listed For SaleRE/MAX International #901734
03/14/2017$250,000ListingRemovedAgent Provided
01/13/2016$250,000Listed For SaleAgent Provided
01/01/2015$250,000ListingRemovedAgent Provided
06/27/2012$42,000Sold
Space Coast AOR #638966

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Property Tax and Assessment

Year2025
Tax$3,230
Assessment$162,680
Home facts updated by county records

Comparable Sales for 2581 Spence Dr NE

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
435 3rd Ave, Indialantic, FL
2.39
Multi-Family Home
$575,000
03/05/26
4
2
1,876
1350 Atlantic St, Melbourne Beach, FL
2.38
Multi-Family Home
$1,120,000
11/07/25
6
5
3,306
1069 NE Bacon Cirle, Palm Bay, FL
2.87
Multi-Family Home
$269,500
11/28/25
4
4
1,488
2612 Tree Ridge Ln NE, Palm Bay, FL
3.09
Multi-Family Home
$640,000
04/20/26
8
3
3,480
2700 Highway A1A #11, Melbourne Beach, FL
3.07
Multi-Family Home
$430,000
10/06/25
6
4
2,340
412 Butler St #412/416, Melbourne, FL
3.36
Multi-Family Home
$277,500
12/29/25
4
2
1,646

Nearby homes

Get a sense of prices in the area by checking nearby homes.
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Assigned Schools

These are the assigned schools for 2581 Spence Dr NE.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Palm Bay

At least 833 Trulia users voted on each feature.

  • 87 % Say it's dog friendly

  • 86 % Say car is needed

  • 84 % Say parking is easy

  • 82 % Say yards are well-kept

  • 74 % Say there's holiday spirit

  • 69 % Say it's quiet

  • 57 % Say there's wildlife

  • 56 % Say kids play outside

  • 54 % Say people would walk alone at night

  • 53 % Say they plan to stay for at least 5 years

  • 50 % Say neighbors are friendly

  • 44 % Say there are sidewalks

  • 37 % Say it's walkable to grocery stores

  • 31 % Say streets are well-lit

  • 25 % Say it's walkable to restaurants

  • 19 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Bscardino20
    "Nothing makes the neighborhood unique other than the overpopulation and awful roads…. Yet they keep building more and more housing/apts"
    4
    Flag
  • Maurice Murphy
    "Have to watch the speeders coming down your street. So be mindful when your children are outside playing."
    1
    Flag
  • Kathy
    "They would like it as there is a sidewalk and a circle to walk around. Many people have dogs a walk them over to the dog park across the street."
    0
    Flag
  • starbrst72
    "I have a long commute to Orlando but. i chose it because I loved the peace and calm in Palm Bay when we moved here 6 years ago"
    0
    Flag
  • 9wrxx499wd
    "Not the best place to live in, specially the pinewood were u can hear the cops sirens every other day "
    0
    Flag
  • Alyssadacri
    "Close enough to highway 95 and other major roads and businesses. Probably a thirty minute commute by car. Melbourne airport is also very close"
    8
    Flag
  • Jose D. G.
    "Neighborhood is quiet and less crowded. There is natural wildlife around. The neighborhood is accessible via highways "
    3
    Flag
  • Marissa S.
    "It’s a great part of Florida to live and raise children . It’s very clean and safe to live . The only bad thing I can say is 3 o’clock traffic "
    8
    Flag
  • Kathy.f.dresser
    "Not a place I would have ever picked to live. There is nothing exciting about Palm Bay. No nice stores to shop. Nothing worth visiting. Can’t wait to move out. "
    5
    Flag
  • Crissymsrodriguez
    "You have to walk your dog on the streets, close to passing cars. There are some sidewalks on main roads."
    0
    Flag
  • Svslowdancing
    "rocket launches. you can see them all looking down our street to the north. Cape Canaveral is only 55 miles away. the launches are as visible as anywhere. "
    1
    Flag
  • Janinemills06
    "not to many neighborhood events but it's a quiet safe neighborhood. the neighbors are friendly but not nosey "
    2
    Flag
  • Janinemills06
    "People in my neighborhood are friendly say or wave hello but they do not bother you.if you needed help they would be there in a heartbeat. love my neighborhood "
    3
    Flag
  • Ashley P.
    "Palm Bay has all the perks of a small town but yet is very busy! I love it here! Everyone seems personable! "
    0
    Flag
  • Mary
    "Their is side walks . This neighborhood has lots of dogs. Almost every house has a back yard that is fenced "
    0
    Flag
  • PHILIP M.
    "The area has a lot of people you need to watch out for there is no sidewalks and the main road they do not slow down at the crosswalk but the area is mostly clean and there is a park nearby"
    0
    Flag
  • Brandy T.
    "keep a eye on your kids at all times. And courteous to your neighbors sleep and property. And clean up after your dog when them to go to the bathroom. And keep your cats inside your home."
    0
    Flag
  • Brandy T.
    "don't let your small children walk to the bus stop alone human trafficking is at its most high. please be safe"
    0
    Flag
  • Svslowdancing
    "I don't have children, but I personally know many teachers. These folks are truly committed to the children they teach, work countless overtime hours and take thier jobs very seriously. The kids safely ride and play on the streets in my neighborhood, and have plenty of woods and fields to roam around in."
    0
    Flag
  • Nivesc57
    "I drive my own car but there is public transportation available! I live in a quiet street but close to restaurants stores, shops a hospital and university!"
    0
    Flag
  • Beccamber
    "Love my neighbors. Great schools and low crimes. !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!'!!!!"
    0
    Flag
  • Nivesc57
    "You need a car by lately city bus is available more than before. I have lived here 28 yrs! My neighbor hood is safe, we know our neighbors by name, we keep an eye on each other our homes and children. There r some elderly neighbors and we keep an eye and see if they need help, errands or just company! Where I live is closer to good schools, university, restaurants and stores, but u still feel the country feeling! "
    0
    Flag
  • Amber S.
    "Good vibes people are generally nice and in a happy mood not bad neighborhood pretty easy going not to busy"
    0
    Flag
  • Greg J
    "Neighborhood has nothing to do other than food spots which isn’t even all that good... Unless you’re into McDonald’s or Papa John’s, etc. and there’s no real culture here... really country so have to go to Orlando for any kind of activity "
    1
    Flag
  • Laure N.
    "Nothing, it’s just affordable. I wish we had sidewalks and street lights but all that would increase our taxes and I’m on a fixed income and cannot afford higher taxes. I’ve lived here 15 yrs and hardly know anyone, people here are not the friendliest. "
    0
    Flag
  • Chelsea
    "cars go really fast. and there are no side walks by any of the houses. you have to go to a main road to get a sidewalk."
    0
    Flag
  • Peterpasquarosa
    "just moved to palm bay from sebastian new neighbor's are very nice & helpful. children are very well behaved & polite. "
    0
    Flag
  • Mel.crisely0106
    "Peacefully , sharing , respectfully , neighbor always helping each other . Good service to , comfort"
    0
    Flag
  • Wbcf
    "neighborly well maintained andclose to stores and major highway 95 45 min to Orlando International airport"
    0
    Flag
  • Vikkistoner
    "It’s ok we are new to Florida so not sure of different areas yet so do not have any good information yet to offer a good opinion"
    0
    Flag
  • Arisutton18
    "Terrible place to raise children with disabilities. McKay Scholarship doesn’t guarantee the right school placement for your kids. Services are terrible "
    0
    Flag
  • Stacy L.
    "many neighbours' have dogs and walk them through the streets with no issues. People seem friendly enough around here. Bus stop up on Emerson for those without transportation. Neighborhood is predominantly quiet. Most yards are well kept. "
    0
    Flag
  • Alaflip4
    "Many people have dogs most are good about the leash requirements and clean up afterwards. There’s a great dog park close by. "
    0
    Flag
  • Ricaselena1
    "I have only lived here for 1 year but I am glad to be in this area. Quiet area, friendly and respectful neighbors. Well spaced and designed houses. looking forward to being here for a while!"
    0
    Flag
  • Terry M.
    "this neighborhood is very diverse and feels safe I like it here.clean and friendly neighbors ..and the homes are well maintained "
    0
    Flag
  • Walstien D.
    "there are parks and school and churches in the area. there are places too shop. And there are places for you to eat and lot of different types of restaurants and places to get your car repaired."
    0
    Flag
  • Bowserlinzi
    "We have a festival every first Friday of the month and that is pretty cool! Texas Roadhouse does kids night every Tuesday with activities for the kids and $1.99 kids meals"
    0
    Flag
  • starbrst72
    "We are friendly but let others live how they want. Our area is quiet except on holidays which makes things Peaceful "
    0
    Flag
  • starbrst72
    "It is quiet and peaceful lots of nature, we have peacocks, frogs, lizards, lots of birds and some snakes very diverse "
    0
    Flag

LGBTQ Local Legal Protections

Caleb Jose Gomez, Blue Marlin Real Estate
Agent Phone: (321) 294-8873
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
2581 Spence Dr NE, Palm Bay, FL 32905 is a 7 bedroom, 6 bathroom, 2,458 sqft multi-family built in 1958. This property is currently available for sale and was listed by Space Coast AOR on Jan 3, 2026. The MLS # for this home is MLS# 1065407.