1883 Capital Drive SE, Palm Bay, FL 32909 (MLS# 1082778)

(321) 951-0322

(800) 545-5687

738 Malabar Road SE

Palm Bay, FL 32907

Mon-Fri 9:00 am to 5:45 pm

Saturday 10:00 am - 2:00 pm

1883 Capital Drive SE, Palm Bay, FL 32909

New Listing

$344,900

Property Type: Residential Bedrooms: 4 Baths: 2 Square Footage: 1,918 Lot Size (sq. ft.): 6,970 Status: Active

Current Price: $344,900 List Date: 7/17/2026 Last Modified: 7/20/2026

Overview

Description

Discover WATERFRONT living in Cypress Bay Preserve, where a tranquil lake becomes your backyard and every day feels a little like a getaway. Built in 2022 and beautifully maintained, this single-story home pairs fresh, modern design with a standout low HOA of just $255 per quarter. Step inside and let the open-concept layout do the talking. Natural light pours across the kitchen, living, and dining areas, which flow together effortlessly, just as at home hosting a crowd as for a quiet night in. Four generously sized bedrooms and two full baths span 1,918 thoughtfully designed square feet. But the real showstopper is the water. Sip your morning coffee to the glassy calm of the lake and let the shimmering evening light be your reward at day's end. Gated, sidewalk-lined, and complete with a community pool and two-car garage, this home delivers the lakefront lifestyle buyers want. This home also offers unbeatable convenience, just minutes to I-95 and nearby shopping. Appointment require ... (Read more)

Listing Details MLS# 1082778

General Property Information

Bedrooms Total: 4
Bathrooms Total: 2
Bathrooms Full: 2
Living Area: 1918
Living Area Source: Appraiser
Accessibility Features YN: Yes
New Construction YN: No
Year Built: 2022
Garage YN: Yes
Garage Spaces: 2
Carport YN: No
Lot Size Acres: 0.16
Lot Size Square Feet: 6969.6
Land Lease YN: No
Association YN: Yes
Association Fee: 255
Association Fee Frequency: Quarterly
Association Name: Cypress Bay Preserve Association
Association Phone: (888) 813-3435
CDD Fee YN: No
Community Fee(s) YN: No
Water Body Access YN: No
Waterfront YN: Yes
Water Body Name: Grand Canal
Furnished: Unfurnished
Stories: Yes
Direction Faces: Southwest
Senior Community YN: No
Pool Private YN: No
List Price/SqFt: 179.82
Bathrooms Half: 0

Property Features

Accessibility Features: Visitor Bathroom Appliances: Dishwasher; Disposal; Dryer; Electric Range; Electric Water Heater; Ice Maker; Microwave; Refrigerator; Washer Architectural Style: Ranch Association Amenities: Gated; Pool; Water Association Fee Includes: Maintenance Grounds; Other Construction Materials: Block; Concrete; Stucco Cooling: Central Air Current Use: Single Family Electric: Underground Exterior Features: Storm Shutters Fencing: Fenced; Full; Other Flooring: Carpet; Tile Green Energy Efficient: Doors; Windows Heating: Central Interior Features: Ceiling Fan(s); Kitchen Island; Open Floorplan; Pantry; Primary Bathroom - Shower No Tub; Walk-In Closet(s); Other Laundry Features: Electric Dryer Hookup; Washer Hookup Levels: One Listing Terms: Cash; Conventional; FHA; USDA Loan; VA Loan Lot Features: Sprinklers In Front; Other Parking Features: Additional Parking; Garage Patio And Porch Features: Covered; Porch Pets Allowed: Breed Restrictions Possession: Close Of Escrow Rental Restrictions: Other Road Frontage Type: Private Road Road Surface Type: Paved Roof: Shingle Security Features: Fire Alarm; Security Gate; Other Sewer: Public Sewer Showing Requirements: Appointment Only; Call Listing Agent; Showing Service Special Listing Conditions: Standard Utilities: Cable Available; Electricity Connected; Sewer Connected; Water Connected View: Lake Water Source: Well; Other Waterfront Features: Lake Front Community Features: Gated; Sidewalks

Contract Information

Original List Price: 344900
Listing Contract Date: 2026-07-17
Start Showing Date: 2026-07-17
Property Sub Type: Single Family Residence

Location Tax and Legal

Street Number: 1883
Street Name: Capital
Street Suffix: Drive
Street Direction Suffix: SE
County: Brevard
State: FL
Postal Code: 32909
MLS Area Major: 343 - SE Palm Bay
Subdivision Name: Cypress Bay Preserve Phase 1

Remarks and Miscellaneous

Public Remarks: Discover WATERFRONT living in Cypress Bay Preserve, where a tranquil lake becomes your backyard and every day feels a little like a getaway. Built in 2022 and beautifully maintained, this single-story home pairs fresh, modern design with a standout low HOA of just $255 per quarter. Step inside and let the open-concept layout do the talking. Natural light pours across the kitchen, living, and dining areas, which flow together effortlessly, just as at home hosting a crowd as for a quiet night in. Four generously sized bedrooms and two full baths span 1,918 thoughtfully designed square feet. But the real showstopper is the water. Sip your morning coffee to the glassy calm of the lake and let the shimmering evening light be your reward at day's end. Gated, sidewalk-lined, and complete with a community pool and two-car garage, this home delivers the lakefront lifestyle buyers want. This home also offers unbeatable convenience, just minutes to I-95 and nearby shopping. Appointment required.

Status Change Information

Major Change Timestamp: 2026-07-17T16:12:24Z
Major Change Type: New Listing
Status Change Timestamp: 2026-07-17

More Information

Closing Company Details

Closing Company Name: Title Haus (Title Agent - Nick Head 772-828-7572)
Closing Company Address: 770 SE Indian St, Stuart, FL 34997

DPR Eligible

DPR Eligible: Yes

Legal Details

Permission Granted to Advertise: Yes

Power Production Type

Ownership: Seller Owned

Showing Requirements

Gated: Community
Appointment Only: Yes
Call Listing Agent: Yes
Showing Service: Yes

Currently Not Used

Homestead YN: Yes

Location, Tax, and Legal

Tax Account: 3022527
Parcel Number: 30-37-03-50-00000.0-0159.00
General County Location: South
Elementary School: Sunrise
Middle School: Southwest
High School: Bayside
Tax Annual Amount: 4967.59
Tax Year: 2025
Tax Legal Description: CYPRESS BAY PRESERVE - PHASE 1 LOT 159
Zoning Description: Single Family
Directions: From I-95, take the St. Johns Heritage Parkway interchange (just north of Micco Rd) and head east on St. Johns Heritage Pkwy to Babcock St. Turn left on Babcock St to the Cypress Bay Preserve gated en