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Gated Community
• 1,815 sq. ft., 2 bath, 3 bdrm single story "3 bedroom 2-bath" -  MLS® $1,200 USD Monthly - Riviera Key 2006 Home NE Palm Bay, Palm Bay - Beautiful 3 bedroom home with family room, screened-in patio (access from master bedroom and family room), built-in shelves and nooks, plus 2-car garage. Master bath has 2 walk-in closets, double sinks. In gated community close to restaurants, Walmart, Starbucks, BJ's. In excellent, move-in condition! Property information
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Just East of Bayside Lakes !!
• 10,000 sq. ft. lot / land "0.23 acres zoned SRE" - MLS® $17,400 - Port Malabar Unit #31 SW Palm Bay, Palm Bay - 0.23 acre interior lot in highly desireable Port Malabar Unit #31 of Palm Bay. Located in the SW section of Palm Bay, this area is zoned SRE requiring a minimum 1800 sq.ft minimum home. Directly on J.A. Bombardier Boulevard just east of the wonderful Bayside Lakes Subdivision and the PGA Majors Golf Course. Great location for your new property just 0.4 miles -1 minute- to Bayside High School and 1.8 miles -6 minutes to Publix Shopping. From Exit #173 of I-95, go west on Palm Bay Road to Minton Road. Turn left on Minton Road and proceed south for 3.3 miles to Jupiter Boulevard SW. Turn right on Jupiter Boulevard SW and an immediate left on De Groodt Road SW. Proceed south for 2.5 miles. Turn left on JA Bombardier Boulevard SW and proceed 0.3 miles. Proceed to 482 Bombardier Boulevard SW which is the 3rd lot BEFORE the corner of Bombardier and Gaynor on the south side of the road.
Taxes: $727.38 Tax Year: 2006 Tax Acct: 2911532 Tax ID: 29-36-24-JP-01468.0-0011.00
Plat Book #: 0017 Plat Book Pg: 0022
Legal: LOT 11 BLK 1468 Unit #31
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Oversized Corner Lot near Bayside Lakes!
• 10,750 sq. ft. lot / land "0.25 acres" - MLS® $14,750 - Port Malabar Unit #30 SW Palm Bay, Palm Bay - Oversized 0.25 acre CORNER lot available in Port Malabar Unit #30 of SW Palm Bay. Property and area zoned SRE for 1800 sq.ft.minimum under air home in an area just west of Bayside Lakes Subdivision, 1.5 miles -3 minutes- to Westside Elementary and Bayside High Schools, 11 minutes to Publix Shopping and 38 minutes to the beach in Indialantic. Homes already on this street one-half mile from the main street leading to I-95. From Exit #176 of I-95 go west on Palm Bay Road NE. Turn left on Minton Road NW and proceed south for 3.3 miles. Turn right on Jupiter Boulevard SW and left on de Groodt Road SW. Proceed south for 4.0 miles and turn right on Felton Street SW, left on Labin avenue SW, Left on Lamon Street SW and right on Fitzpatrick Avenue SW. Proceed to the corner of Fitzpatrick and Fellenz Avenues SW which is the corner lot on the north side of the road. Property information
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Multi-Family/Residential Lot
• 18,900 sq. ft. lot / land "0.43 acres" - MLS® $42,000 - Port Malabar Unit #46 Port Malabar Unit 46, SE Palm Bay - Oversized interior 0.43 acre Multi-Family or Residential Buildable lot available in Port Malabar Unit #46 of SE Palm Bay. The lot and area is zoned RM-10 for up to 4 Multi-Family units or a large single family home. Very nice location just 15 minutes to Westside Elementary and Odyssey Charter Schools, Publix Shopping, and 31 minutes to the ocean in Indialantic. The adjacent property on 1626 Morley Street and the property behind 1626 Morley on 1625 Alcalay is also available - Double or Triple!! From Exit #173 of I-95 go east on Malabar Road SE to the first light. Turn right on Babcock Street SE and proceed south for 4.5 miles. Turn right on Bolanos Street SE and left on Westside Avenue SE. Turn right on Morley Street SE and proceed to 1626 and 1638 Morley Street which is the 3rd and 4th lot from the corner of Morley and Hester on the north side of the road. Or from Westside Avenue SE turn right on Alcalay Street and proceed to 1625 Alcalay Street SE which is the 3rd lot from the corner of Alcalay and Hester on the south side of the road. Property information
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Multi-Family/Residential Lot
• 18,900 sq. ft. lot / land "0.46 acres" - MLS® $42,000 - Port Malabar Unit #46 Port Malabar Unit 46, SE Palm Bay - Oversized interior 0.43 acre Multi-Family or Residential Buildable lot available in Port Malabar Unit #46 of SE Palm Bay. The lot and area is zoned RM-10 for up to 4 Multi-Family units or a large single family home. Very nice location just 15 minutes to Westside Elementary and Odyssey Charter Schools, Publix Shopping, and 31 minutes to the ocean in Indialantic. The adjacent property on 1638 Morley Street and the property behind 1626 Morley on 1625 Alcalay is also available - Double or Triple!! From Exit #173 of I-95 go east on Malabar Road SE to the first light. Turn right on Babcock Street SE and proceed south for 4.5 miles. Turn right on Bolanos Street SE and left on Westside Avenue SE. Turn right on Morley Street SE and proceed to 1626 and 1638 Morley Street which is the 3rd and 4th lot from the corner of Morley and Hester on the north side of the road. Or from Westside Avenue SE turn right on Alcalay Street and proceed to 1625 Alcalay Street SE which is the 3rd lot from the corner of Alcalay and Hester on the south side of the road. Property information
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Rates on 30-year mortgages top 6 percent Mortgage Rate Trend Index
Almost half (46 percent) of the mortgage experts polled by Bankrate.com this week think rates will continue to rise over the next 30 to 45 days, though 36 percent foresee a decrease. Only 18 percent expect no change.
WASHINGTON – April 25, 2008 – Rates on 30-year mortgages topped 6 percent for the first time in six weeks as financial markets grew more worried about rising inflation pressures. Freddie Mac, the mortgage company, reported Thursday that 30-year fixed-rate mortgages averaged 6.03 percent this week after three straight weeks at 5.88 percent. Rates on 30-year mortgages were last above 6 percent the week of March 16 when they averaged 6.13 percent. “Average rates on mortgages increased across the board this last week as the most recent economic data raised inflationary concerns in the capital markets,” said Frank Nothaft, Freddie Mac’s chief economist. Fueling those concerns was a bigger-than-expected 1.1 percent jump in wholesale prices and a renewed surge in energy costs, which have pushed gasoline and crude oil prices to record levels. The Federal Reserve has been aggressively cutting interest rates to combat an economic slowdown that many economists believe has turned into a recession. However, analysts said that the Fed is likely to scale back its rate cuts to a quarter-point move at next week’s meeting as a way of signaling that it is also concerned about the threat of inflation. Bill Hampel, chief economist for the Credit Union National Association, said while interest rates rose this week they still remain at historically favorable levels. He said that the bigger problem for the housing industry at the moment is the fact that many lenders have tightened up on credit standards in reaction to rising mortgage defaults, making it harder for prospective buyers to qualify for loans. Rates on 15-year, fixed-rate mortgages, a popular choice for refinancing, rose this week to 5.62 percent, up from 5.40 percent last week. Five-year adjustable-rate mortgages rose to 5.68 percent, up from 5.48 percent last week. One-year adjustable-rate mortgages rose to 5.28 percent compared with 5.10 percent last week. The mortgage rates do not include add-on fees known as points. For 30-year and 15-year mortgages, the nationwide average fee was 0.3 point while the average fee was 0.5 point for 5-year and one-year mortgages. A year ago, rates on 30-year mortgages stood at 6.16 percent, 15-year mortgage rates averaged 5.87 percent, five-year adjustable-rate mortgages were 5.88 percent and one-year adjustable-rate mortgages were at 5.43 percent. On the Net: Freddie Mac: http://www.freddiemac.com
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New home sales plunge to lowest level in 16 years
WASHINGTON (AP) – April 24, 2008 – Sales of new homes plunged in March to the lowest level in 161⁄2 years as housing slumped further at the start of the spring sales season.
The median price of a new home in March, compared with a year ago, fell by the largest amount in nearly four decades.
The Commerce Department reported Thursday that sales of new homes dropped by 8.5 percent last month to a seasonally adjusted annual rate of 526,000 units, the slowest sales pace since October 1991.
The median price of a home sold in March dropped by 13.3 percent compared with March 2007, the biggest year-over-year price decline since a 14.6 percent plunge in July 1970.
The dismal news on new home sales followed earlier reports showing sales of existing homes fell by 2 percent in March. Housing, which boomed for five years, has been in a prolonged slump for the past two years with sales and home prices falling at especially sharp rates in formerly boom areas of the country.
For March, sales were down in all regions of the country, dropping the most in the Northeast, a decline of 19.4 percent. Sales fell by 12.9 percent in the West, 12.5 percent in the Midwest and 4.6 percent in the South.
In other economic news, orders to factories for big-ticket manufactured goods fell for a third straight month in March, the longest string of declines since the 2001 recession, while applications for unemployment benefits fell by 33,000 to 342,000.
The Commerce Department said demand for durable goods dropped by 0.3 percent last month, a worse-than-expected performance that underscored the problems manufacturers are facing from a severe economic slowdown. The last time orders fell for three consecutive months was from February to April of 2001, when the country was sliding into the last recession.
The weakness in manufacturing orders was led by a 4.6 percent drop in orders for autos, a sector hard hit by soaring gasoline prices, and the weakening economy, which have cut sharply into car sales. Orders in the category that includes home appliances fell by 6.6 percent. This industry has been hurt by the two-year slump in home sales.
President Bush said Tuesday that the economy was not in a recession but a period of slower growth. However, economists who believe the country has fallen into a recession pointed to the string of declines in manufacturing orders to support their view.
“The broad swath of data in the March (orders) report is indicative of a mixed set of conditions in a factory sector that is, overall, in a mild recession,” said Cliff Waldman, economist for the Manufacturers Alliance/MAPI.
The Labor Department reported that claims for unemployment benefits fell by 33,000 last week to 342,000. Economists had been expecting claims to rise by 3,000. The four-week moving average for claims fell by 7,250 to 369,500.
Even with the improvements, analysts said the weak economy is still putting greater pressures on the labor market. The unemployment rate climbed to 5.1 percent in March as businesses laid off the largest number of workers in five years.
Economic growth slowed to a near-standstill at the end of last year as the economy was battered by the prolonged slump in housing and a severe credit crunch that has resulted in billions of dollars of losses at many of the nation’s largest financial institutions and has made it harder for consumers and businesses to get loans.
Consumer sentiment, meanwhile, has plunged to recessionary lows as Americans have also watched gasoline soar to an average price above $3.50 per gallon nationally.
The 0.3 percent drop in orders for durable goods, items expected to last at least three years, followed even bigger declines of 0.9 percent in February and 4.4 percent in January.
Orders for all transportation products fell by 4.6 percent, reflecting the big drop in demand for autos. Orders for commercial aircraft actually rose by 5.5 percent while demand for defense aircraft surged by 29.4 percent. Many defense industries have seen big increases reflecting the wars in Iraq and Afghanistan.
A key category viewed as a proxy for business investment plans showed no increase in March after a big 2 percent drop in February. Businesses have cut back on plans to expand and modernize as the economy has softened.
Copyright 2008 The Associated Press, Martin Crutsinger (AP Economics Writer).
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Buildable Lot on Canal in Palm Bay
• 10,000 sq. ft. lot / land "0.23 acres" - MLS® $22,500 - Port Malabar Unit #14 NW Palm Bay, Palm Bay - Interior 0.23 acre lot on a drainage right-of-way easement available in Port Malabar Unit #14 of Palm Bay. Very nice location for your property in the NW section of Palm Bay. Just 2.6 miles -5 minutes- from Winn Dixie Shopping, 2.0 miles -5 minutes- to Jupiter Elementary School, and 5.0 miles -11 minutes- to the SuperWalmart and the I-95 Ramp on Malabar Road. Your new property is close to the main artery of Jupiter Blvd. From Exit #176 of I-95 go west on Palm Bay Road. Turn left on Minton Road and proceed south for 1.7 miles. Turn right on Americana Boulevard NW and proceed for 1.5 miles. Turn right on Consolata Avneue NW and left on Altamira Street NW. Proceed to 823 Altamira Stret NW which is the 10th lot from the corner of Jupiter and Altamira on the north side of the road.
Taxes: $646.89 Tax Year: 2006 Tax Acct: 2815151 Tax ID: 28-36-35-EY-00593.0-0010.00
Plat Book #: 0015 Plat Book Pg: 0064
Legal: LOT 10 BLK 593 Unit #14
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Buildable City Water and Sewer Lot
• 10,000 sq. ft. lot / land "0.23 acres" - MLS® $23,500 - Port Malabar Unit #09 SE Palm Bay, Palm Bay - Interior 0.23 acre buildable lot on city water and sewer available in Port Malabar Unit #09 of Palm Bay. Great location in the SE Section just 0.9 miles -3 minutes- to John F. Turner Elementary School, 2 miles -5 minutes- to Columbia Elementary School, and 1.5 miles -4 minutes- to the Walmart Supercenter, Publix Shopping, and the I-95 ramp on Malabar Road. Conveniently located very close to the major artery leading towards I-95. From Exit #173 of I-95 go west on Malabar Road SE. Turn left on San Filippo Drive SE and proceed 0.5 miles. turn right on Jupiter Boulevard SE and proceed 0.9 miles. turn left on Emerson Drive SE, proceed 0.2 miles and turn right on Lilac Street SE. Proceed to 829 Lilac Street SE which is the second lot from the corner of Emerson and Lilac on the north side of the road. Property information
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Oversized 0.28 acre Buildable Corner Lot
• 12,000 sq. ft. lot / land "12000 sq. feet" - MLS® $34,000 - Port Malabar Unit #36 SW Palm Bay, Palm Bay - Oversized 0.28 acre CORNER lot available in Port Malabar Unit #36 of Palm Bay. Conveniently located in the SW Section of Palm Bay. Your new corner lot is 3 minutes away from Jupiter Elementary School and Winn Dixie Shopping; and 11 minutes to the Post Office, the Super Walmart, and the I-95 ramp on Malabar Road. Start off 2007 with a nice oversized corner lot for your investor, first time homebuyer or investor. From Exit #176 of I-95 go west on Palm Bay Road. Turn left on Minton Road and an immediate right on Emerson Drive. Proceed west for 1.5 miles. Turn left on Jupiter Boulevard SW and proceed 2.3 miles. Turn right on Malabar Road NW and left on Hurley Boulevard SW. Proceed to the corner of Schneider Street SW and Hurley Boulevard SW which is the corner lot on the north side of the road.
Directions: See directions in addendum. Malabar, L on Hurley to the corner of Schneider and Hurley
Unit/Add'n: 36 Assumable: Deed Rest: No Bank/Corp Owned:
Equitable Interest: No Home Ownrs Assc: No P.U.D: No 55+ Community: No
Gated Community: No Assessment: HOA$/Term: / Front Faces: S
Features
Property Use:
Site Desc: Other-See Remarks
Utilities: Cable Available , Electric , Septic System , Telephone Available , Water-Well
Loc Desc: Buildable , Corner Lot , Fill May Need , Lot-City , Sold As Is
Water Desc: Current Adjacent: Residential , Vacant
Road Surface: Paved Security/Safety:
Sale Option: Docs on File:
Assoc. Fees Inc: Owner Consider: Cash , Conventional
Comm Amen: Showing: Drive By Okay
Possession: Closing
Taxes: $329.45 Tax Year: 2006 Tax Acct: 2903055 Tax ID: 29-36-03-KL-01700.0-0013.00
Plat Book #: 0019 Plat Book Pg: 0082
Legal: LOT 13 BLK 1700 Unit #36
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NW Palm Bay, Palm Bay - Announcing a price reduction on Glenridge and Cortland NW, a 11,875 sq. ft. lot / land "0.27 acres". Now MLS® $19,995 - Port Malabar Unit #42. Property information
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Buildable Lot in SW Palm Bay
• 10,000 sq. ft. lot / land "0.23 acres" - MLS® $11,900 - Port Malabar Unit #37 SW Palm Bay, Palm Bay - Interior 0.23 acre buildable lot available in Port Malabar Unit #37. Conveniently located in the SW Section of Palm Bay in front of a 11.71 acre tract, this property is just 1.7 miles -6 minutes- to Jupiter Elementary School and 2.5 miles -7 minutes- to Winn Dixie Shopping. The adjacent property on 851 SW Harper Boulevard is also available; so your first time homebuyer, builder, or investor can own a double lot for more privacy, more space or a larger home. From Exit #176 of I-95 go west on Palm Bay Road NE. Turn left on Minton Road NW and proceed south for 2.5 miles. Turn right on Malabar Road SW and proceed west for 1.0 mile. Turn left on Garvey Road SW and proceed for 1.3 miles. Turn right on Harper Boulevard SW. Proceed to 851 and 859 SW Harper Boulevard SW which are the 2nd and 3rd lot from the corner of Harper and Harriet on the north side of the road. Property information
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Buildable Lot in SW Palm Bay
• 10,000 sq. ft. lot / land "0.23 acres" - MLS® $11,900 - Port Malabar Unit #37 SW Palm Bay, Palm Bay - Interior 0.23 acre buildable lot available in Port Malabar Unit #37. Conveniently located in the SW Section of Palm Bay in front of a 11.71 acre tract, this property is just 1.7 miles -6 minutes- to Jupiter Elementary School and 2.5 miles -7 minutes- to Winn Dixie Shopping. The adjacent property on 859 SW Harper Boulevard is also available; so your first time homebuyer, builder, or investor can own a double lot for more privacy, more space or a larger home. From Exit #176 of I-95 go west on Palm Bay Road NE. Turn left on Minton Road NW and proceed south for 2.5 miles. Turn right on Malabar Road SW and proceed west for 1.0 mile. Turn left on Garvey Road SW and proceed for 1.3 miles. Turn right on Harper Boulevard SW. Proceed to 851 and 859 SW Harper Boulevard SW which are the 2nd and 3rd lot from the corner of Harper and Harriet on the north side of the road. Property information
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