At $247/sqft for a waterfront home with a private pool in an established part of Palm Bay, this property sits solidly in the mid-range for its category—waterfront here typically runs $500K–$1.2M+, so you're looking at either an older build, a smaller lot, or both relative to premium waterfront comps. The 2004 construction and modest 0.27-acre lot are the practical trade-offs to weigh against the water access and pool, especially since the price-per-square-foot sits well below what you'd pay inland in newer subdivisions. Given that Magnolia Park has no HOA, you'll have flexibility on maintenance and updates, but you'll want a full inspection on any 20-year-old waterfront property—seawalls, pool equipment, and water exposure can carry hidden costs.

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