1650 Burgundy Street SEPalm Bay, FL 32909Price: $289,900

Under contract-accepting backup offers. Short Sale. Short Sale... Discover a rare opportunity to own a versatile property offering space, flexibility, and long-term potential in the heart of Palm Bay. Situated on an expansive double lot totaling nearly half an acre, this unique residence combines comfortable everyday living with exceptional options for multigenerational living, guest accommodations, or income potential. The main home features 2 spacious bedrooms and 2.5 bathrooms, designed for both comfort and functionality. The layout includes generous living areas ideal for entertaining or relaxing, along with a convenient Jack-and-Jill bathroom configuration that enhances flow and privacy. With approximately 1,200 square feet of living space, the home offers an efficient footprint while maintaining a comfortable and open feel. A standout feature of this property is the detached oversized two-car garage complete with its own electrical panel and loft above-providing incredible flexibility. The loft space can easily be transformed into a private guest house, in-law suite, home office, studio, or additional storage, giving future owners the ability to customize the property to fit their lifestyle or investment goals. Plans for the garage are available. Major system updates provide peace of mind and improved efficiency, including a new roof installed in November 2023, new A/C in June 2024, and solar panels added in May 2024, helping reduce long-term operating costs and enhance sustainability. The septic system has also been recently serviced, ensuring the property is ready for its next chapter. Surrounded by mature trees and located in the established Port Malabar community, this property offers the perfect balance of privacy, space, and convenience. Whether you're seeking a primary residence with room to grow, a multigenerational living solution, or a property with future income potential, this home delivers unmatched versatility and opportunity. Property Highlights: Double lot totaling approximately 0.46 acres, 2 bedrooms | 2.5 bathrooms in main residence, Detached 2-car garage with loft-ideal for guest suite, office, or in-law quarters, New roof (2023), new A/C (2024), and solar panels (2024), Spacious living areas with functional layout, No HOA and endless potential for customization This is more than a home-it's a strategic opportunity to create value, expand functionality, and design a living environment tailored to your needs.