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$489,000

  • For Sale
  • Under Contract
  • Single Family
  • 2 Beds
  • 1 Full Bath
  • 956 Sq. Ft.
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1.44 acres with beautiful river views! This rare homesite is finally available for you! Move right in or build your own on this unique property with front and rear access. The vintage home sits elevated facing the Indian River with new lighting and walkways for relaxing strolls or throwing your pole in for a fresh catch. Start your day on the front porch with your cup of coffee and a majestic sunrise. Step back in time and enjoy the hardwood floors, the stone fireplace (decoration only), the jack and jill bath, main gathering room PLUS a front sitting room. Modern touches with central AC, water heater, stainless steel appliances, tile countertops, backsplash, and washer and dryer hookups inside the home. The main attraction is the LAND! Property runs from Water Dr to Orange Blossom Trail with much of it already cleared. Bring back the Old World Charm on this home or build your own dream home with unrivaled views. The choices are endless!

Full Property Details for 1632 Water Dr NE

General

  • Price: $489,000
  • Taxes: $4,025 (2023)
  • Status: Under Contract
  • Type: Single Family
  • Source: BrevardCounty
  • MLS ID: 1058146
  • Updated: 2/17/2026
  • Added to Site: 206 day(s) ago

Interior

  • Interior Features: Ceiling Fan(s), Jack and Jill Bath, Primary Bathroom - Tub with Shower, Primary Downstairs, Walk-In Closet(s)
  • Appliances: Electric Oven, Electric Water Heater, Refrigerator
  • Furnishings: Unfurnished
  • Flooring: Wood

Rooms

Bathrooms

  • Total Bathrooms: 1
  • Full Bathrooms: 1

Bedrooms

  • Total Bedrooms: 2

Other Rooms

  • Laundry: Electric Dryer Hookup, In Unit, Washer Hookup

Exterior

  • Porch/Patio/Deck: Front Porch

Parking

  • Parking Features: Covered

Location

  • Area: 340 - NE Palm Bay
  • County: Brevard
  • Subdivision: Tillman Plat of
  • Driving Directions: US1 to Hessey N of Palm Bay Rd. Take quick R on Water Dr just behind Palm Bay Chamber of Commerce. Left on Dirt Driveway.
  • Direction Faces: East

School Information

  • Elementary School: Palm Bay Elem
  • Middle School: Stone
  • High School: Palm Bay

Community

  • Pets Allowed: Yes
  • Pet Restrictions: Yes

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air, Electric
  • Heating Type: Central, Electric
  • Water Heater: Electric

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Electricity Connected, Water Connected

Structural Information

  • Architectural Style: Ranch
  • Exterior Const.: Frame, Stone, Stucco
  • Roof: Membrane
  • Stories/Levels: 1
  • Square Feet: 956
  • Living Area: 956 Sq. Ft.
  • Current Bldg. Use: Residential
  • Year Built: 1928

Additional Structures

  • Other Structures: Other

Lot Features

  • Property View: River, Trees/Woods
  • Lot Size (Acres): 1.44
  • Lot Size (Sq. Ft.): 62,726
  • Lot Features: Other

Water Features

  • Water View: Yes

Financial Considerations

  • Price Per Sq. Ft.: $511.51
  • Tax Amount: $4,025.25
  • Tax Year: 2023
  • Terms: Cash, Conventional

Disclosures and Reports

  • Special Conditions: Standard
  • Property ID: 28-37-24-25-00001.0-0003.00

Listed by RE/MAX Elite

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— 1632 Water Dr NE —

  • RE/MAX Elite

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with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 1632 Water Dr NE

School District:Brevard County School District
NameGradesDistance
Palm Bay Elementary School
1200 Alamanda Rd Ne, Palm Bay, FL 32905
PK-60.9 mi
Palm Bay Magnet Senior High School
101 Pirate Lane, Melbourne, FL 32901
9-122.2 mi
Stone Magnet Middle School
1101 East University Boulevard, Melbourne, FL 32901
7-82.1 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1632 Water Dr NE Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/15/2026
Price Reduced
$489,000
-1.81%
MLS
10/13/2025
Price Reduced
$498,000
-14.87%
MLS
9/26/2025
Listed
$585,000
485%
MLS
1/03/2003
Sold
$100,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1632 Water Dr NE

Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,495
5%
$388,200
3%
2024
$5,252
30%
$376,340
76%
2023
$4,025
-1%
$214,110
-2%
2022
$4,059
4%
$217,620
13%
2021
$3,906
—
$193,370
2%
2021
$3,906
-2%
$189,290
-2%
2018
$3,970
7%
$193,730
12%
2017
$3,709
-9%
$172,430
-10%
2019
$4,097
19%
$191,080
12%
2016
$3,456
11%
$170,580
25%
2015
$3,110
-1%
$137,010
1%
2014
$3,129
-1%
$135,530
1%
2013
$3,168
—
$134,600
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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1632 Water Drive NE, Palm Bay, FL 32905 (MLS# 1058146) is a Single Family property with 2 bedrooms and 1 full bathroom. 1632 Water Drive NE is currently listed for $489,000 and was received on September 26, 2025. Want to learn more about 1632 Water Drive NE? Do you have questions about finding other Single Family real estate for sale in Palm Bay? You can browse all Palm Bay real estate or contact a Coldwell Banker agent to request more information.

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