Palm Bay, FL, Real Estate

Palm Bay, Florida, is a vibrant city located on the east-central coast of the state, known for its scenic beauty, affordable living, and growing community. Situated along the Indian River Lagoon, it offers residents and visitors access to outdoor activities like fishing, kayaking, and hiking, with attractions such as Turkey Creek Sanctuary showcasing the area’s natural splendor. As one of the fastest-growing cities in Florida, Palm Bay blends suburban charm with urban conveniences, featuring diverse neighborhoods, a variety of dining options, and proximity to Melbourne’s beaches and cultural amenities. With a population exceeding 120,000, the city fosters a family-friendly environment and a strong sense of community, making it an appealing destination for those seeking a balance of relaxation and opportunity.

Palm Bay currently has 165 single family homes for sale with an average list price of $372,616.93, 5 townhouses for sale with an average list price of $211,588, 2 condos for sale with an average list price of $290,000, and 234 lots for sale with an average list price of $61,066.56. The average annual property tax for Palm Bay is $1,913.79.

Current Homes for Sale

Schools

School District Level Grades
Cape View Elementary School Brevard Elementary PK, KG-6

Schools

View schools in Palm Bay

Browse Palm Bay

Absorption Report

Using the absorption rate, we can determine how long it's taking for homes to sell and which price points are selling the fastest in Palm Bay, i.e. what's hot and what's not.

See What's Hot & What's Not in Palm Bay

Recent Sales

View recent sales in Palm Bay

Subdivisions

Subdivisions Median Price
No Photos

Bridgewater at Bayside Lakes

Bridgewater at Bayside Lakes is a single-family home community in Palm Bay, Florida, built between 2003 and 2004. It currently has no homes for sale. The homes range in size from 1,865 ft2 to 3,926 ft2. The HOA fees range from $122 to $153 per month. The average annual property tax for Bridgewater at Bayside Lakes is $2,778.97. It is located in Brevard County. ... Read more
Median Price: $410,000
No Photos

Courtyards at Waterstone

Courtyards at Waterstone is a single-family home community in Palm Bay, Florida, built between 2022 and 2023. It currently has no homes for sale. The homes range in size from 1,635 ft2 to 1,867 ft2. The HOA fees range from $55 to $600 per month. The average annual property tax for Courtyards at Waterstone is $933.34. It is located in Brevard County. ... Read more
No Photos

Cypress Bay Preserve

Cypress Bay Preserve is a single-family home community in Palm Bay, Florida, built between 2022 and 2023 by D.R. Horton. It currently has no homes for sale. The homes range in size from 1,672 ft2 to 1,828 ft2. The HOA fees range from $70 to $70 per month. The average annual property tax for Cypress Bay Preserve is $964.17. It is located in Brevard County. ... Read more
Median Price: $350,000
No Photos

Gardens at Waterstone II

Gardens at Waterstone II is a single-family home community in Palm Bay, Florida, built between 2023 and 2024 by KB Home. It currently has no homes for sale. The homes range in size from 1,707 ft2 to 3,203 ft2. The HOA fees range from $275 to $275 per month. The average annual property tax for Gardens at Waterstone II is $88.97. It is located in Brevard County. ... Read more
Median Price: $412,599
No Photos

Heron Bay at Waterstone

Heron Bay at Waterstone is a subdivision in Palm Bay, Florida. It currently has no homes for sale. It is located in Brevard County.
Show all 9 Subdivisions

Subdivisions

View subdivisions in Palm Bay

Market Trends

View market trends in Palm Bay

Nearby Golf Courses

Jo Daddy's Lighted Golf Course

3255 Jupiter Blvd SE, Palm Bay, FL 32909
Par 29 • 29 holes • 1470 yards

Nearby Golf Courses

View golf courses near Heron Bay at Waterstone

Real Estate News

New Homes For Sale This Week in Palm Bay: August 22nd to August 28th

New Homes For Sale This Week in Palm Bay: August 22nd to August 28th - August 29, 2025

Palm Bay had 9 new homes for sale during the week of Friday, August 22 to Thursday, August 28, including including 6 single family homes for sale with an average ... continue reading
New Construction Homes For Sale This Week in Palm Bay: August 20th to August 26th

New Construction Homes For Sale This Week in Palm Bay: August 20th to August 26th - August 27, 2025

Palm Bay had only 1 new construction home during the week of Wednesday, August 20 to Tuesday, August 26, and it was a single family home for sale with a ... continue reading
Homes Just Sold in Palm Bay: August 19th to August 25th

Homes Just Sold in Palm Bay: August 19th to August 25th - August 26, 2025

Palm Bay had 10 sales during the week of Tuesday, August 19 to Monday, August 25, including including 6 single family homes for sale with an average list price of ... continue reading
New Homes with In-ground Swimming Pools in Palm Bay: August 17th to August 23rd

New Homes with In-ground Swimming Pools in Palm Bay: August 17th to August 23rd - August 24, 2025

Palm Bay had new homes for sale with an in-ground swimming pool during the month of Sunday, August 17 to Saturday, August 23, including 2 single family homes for ... continue reading
New Homes For Sale This Week in Palm Bay: August 15th to August 21st

New Homes For Sale This Week in Palm Bay: August 15th to August 21st - August 22, 2025

Palm Bay had 10 new homes for sale during the week of Friday, August 15 to Thursday, August 21, including including 9 single family homes for sale with an average ... continue reading
View More Palm Bay News

Real Estate News

View More Palm Bay News

Sold Homes

We have helped thousands of families buy and sell homes!

HomesByMarco agents are experts in the area. If you're looking to buy or sell a home, give us a call today at 888-326-2726.