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 169 single family homes for sale with an average list price of $373,502.84, 4 townhouses for sale with an average list price of $231,985, 2 condos for sale with an average list price of $290,000, and 236 lots for sale with an average list price of $60,575.95. 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

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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.

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Recent Sales

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Subdivisions

Subdivisions Median Price
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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
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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
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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
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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
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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.
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Subdivisions

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Market Trends

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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

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Real Estate News

New Homes For Sale This Week in Palm Bay: September 5th to September 11th

New Homes For Sale This Week in Palm Bay: September 5th to September 11th - September 12, 2025

Palm Bay had 18 new homes for sale during the week of Friday, September 5 to Thursday, September 11, including including 16 single family homes for sale with an average ... continue reading
New Construction Homes For Sale This Week in Palm Bay: September 3rd to September 9th

New Construction Homes For Sale This Week in Palm Bay: September 3rd to September 9th - September 10, 2025

Palm Bay had 8 new construction homes during the week of Wednesday, September 3 to Tuesday, September 9, including 8 single family homes for sale with an average list price ... continue reading
Homes Just Sold in Palm Bay: September 2nd to September 8th

Homes Just Sold in Palm Bay: September 2nd to September 8th - September 9, 2025

Palm Bay had 9 sales during the week of Tuesday, September 2 to Monday, September 8, including including 7 single family homes for sale with an average list price of ... continue reading
New Homes For Sale This Week in Palm Bay: August 29th to September 4th

New Homes For Sale This Week in Palm Bay: August 29th to September 4th - September 5, 2025

Palm Bay had 6 new homes for sale during the week of Friday, August 29 to Thursday, September 4, including including 2 single family homes for sale with an average ... continue reading
Homes Just Sold in Palm Bay: August 26th to September 1st

Homes Just Sold in Palm Bay: August 26th to September 1st - September 2, 2025

Palm Bay had 8 sales during the week of Tuesday, August 26 to Monday, September 1, including including 5 single family homes for sale with an average list price of ... continue reading
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