Bimini Bay

Palm Bay · Brevard County

A canal-waterfront pocket of single-family homes in Palm Bay, where many backyards open onto a canal for fishing and kayaking.

Canal waterfrontSingle-family homesFishing and kayaking

Live Market Pulse

47/100
Momentum

Buyer-Leaning Market (limited data)

Tight supply keeps sellers in control, but dated interiors still trade at a discount, so condition is where buyers win.

Free · No obligation

Unlock Off-Market Bimini Bay

Listings before the portals, true comps, and the renovation and carrying-cost math, before you tour.

Built fromLive Space Coast MLS data14 years of closingsLocal renovation analysisUpdated twice daily

LiveMarket PulseSpace Coast MLS

$275K

Median Price

12mo

Supply

n/a

Avg DOM

Soft

Seller Leverage

$186/sf

Median $/Sqft

n/a

1-Yr Price Change

0now

Distress

Jon's Current Read

"Bimini Bay is a waterfront pocket of single-family homes in Palm Bay where many lots front a canal that connects to a non-navigation body of water. The appeal is genuine and accessible: backyard water access for fishing and kayaking at a Palm Bay price point, in single-family homes rather than attached product. The trade-offs are the realities of canal living. The water is non-navigation, which suits paddle craft more than larger powerboats; flood and wind insurance are a real budget line; and seawall and dock condition vary home to home and can be costly. Value is led by water access and condition, and it varies sharply lot to lot. The read is the specific home, its water frontage and seawall, an early insurance quote, the flood zone verified, and the school zoning confirmed before you offer."

Jon Brooks, founder, Momentum Realty · Updated June 2026

The 60-Second Overview

Bimini Bay market snapshot (as of June 17, 2026): the median sale price is about $275K ($186 per sq ft), a buyer-leaning market (limited data). Based on 2 recent closings in live Space Coast MLS data.

Bimini Bay is a waterfront pocket of single-family homes in Palm Bay, Brevard County, Florida (ZIP 32905), near the Indian River and the US-1 corridor. Third-party profiles describe it as a subdivision with picturesque homes, many set along a canal that connects to a non-navigation body of water.

The everyday draw is the water. With backyard canal frontage on many lots, residents fish and kayak from their own property, the kind of low-key waterfront lifestyle that is increasingly rare at an accessible price. Because the waterway is non-navigation, it suits paddle craft and smaller boats more than larger powerboats, so confirm the specific water access for any home rather than assuming open-water boating.

Waterfront living carries its own due diligence. Flood and wind insurance are a real budget line, and the number depends on flood zone, elevation, age and construction. Seawall and dock condition vary home to home and can be costly to repair or replace. Inspect both closely and quote insurance early, since these factors shape both the carry and the offer.

Value here is led by water access and condition, and it varies sharply lot to lot. A canal-front home with a sound seawall is a different market from an off-water or original-condition one. The read is the specific home, its water frontage and seawall, an early insurance quote, the flood zone verified, and the school zoning confirmed by address before you offer.

A Look Inside Bimini Bay

The course, the club, the gates.

Photos of Bimini Bay from recent listings in the community. Swipe to explore.

Swipe or use the arrows → tap any photo to enlarge

Bimini Bay

Quick Match

Who Bimini Bay is best for.

Best for

Buyers who want backyard canal-waterfront living at an accessible price
Paddlers and anglers who want to fish or kayak from their own lot
Buyers who want a single-family home rather than attached product
Buyers who will budget waterfront insurance and seawall upkeep honestly

Probably not for

Buyers who want open-water access for a larger powerboat
Buyers who want a beach community rather than a canal pocket
Buyers unwilling to inspect seawall and dock condition closely
Buyers unwilling to quote flood and wind insurance early

Market Pulse

How Bimini Bay is performing right now

47/100
momentum

Buyer-Leaning Market (limited data)

Seller's marketBalancedBuyer's market

12Months of supplytight

72Median days on marketdays

0 : 2Under contract vs for salestrong demand

2Sold in last 12 monthsliquidity

+127%Median price since 2012appreciation

+3%Asking vs recent sold $/sqftroom to negotiate

Tight supply and strong demand favor sellers here. Homes still take about two months to sell, though, and with asking prices running above recent sales per square foot, a prepared buyer has room on anything overpriced. Reading each home against the real comps, not the headline trend, is where the edge is.

Live from the Space Coast MLS, as of June 17, 2026. Refreshed twice daily. Months of supply, days on market, and the contract-to-listing ratio are computed from current Bimini Bay listings and the trailing twelve months of closed sales.

Where prices are going$850K2026 YTD

Median sale price by year. Tap a label to compare Bridgewater at Bayside Lakes or Palm Bay. The 1-year price change is the median sold price over the most recent year versus the prior year, the same measure most listing sites and local Realtor reports use. It reflects the mix of homes that sold, not the change in any single home's value, which is why median price per square foot is shown alongside it to adjust for home size. In thinly traded neighborhoods, where a sale or two can swing the median, we lead with the mix-resistant price-per-square-foot trend instead.

Price per square foot$3072026 YTD

Median $/sqft by year. 2026 is year to date.

Supply and demand now2 : 0active : pending

For sale2

Pending0

Sold 12mo2

Active and pending listings now vs homes sold in the last 12 months.

8.6A- score

Momentum intelligence

Momentum buy score

Our proprietary read on how a home in Bimini Bay buys, holds, and resells. See the five factors.

Homes For Sale Right Now in Bimini Bay

Live MLS inventory for Bimini Bay. Every active listing, what is under contract right now, and the last 12 months of closed sales, refreshed twice a day. Closed comps beat an algorithm's guess every time.

1177 Eleuthera Drive home for sale in Bimini Bay

ActiveTop listing

$303,900

3 bd · 2 ba · 1,566 sqft · built 2006

1177 Eleuthera Drive, Palm Bay, 32905

RenovatedPool

Listed by Savvy Avenue LLC

1082 Eleuthera Drive home for sale in Bimini Bay

Active

$299,000

2 bd · 2 ba · 1,566 sqft · built 2005

1082 Eleuthera Drive, Palm Bay, 32905

Strong resaleRenovatedBest value

Listed by Real Broker LLC

Active and pending Bimini Bay listings as of 2026-06-17, priced high to low. Listing data provided by the Space Coast Multiple Listing Service. Information is deemed reliable but is not guaranteed accurate by the MLS.. Tap any home to ask about it.

Interactive Map

Bimini Bay on the map.

Every active, pending, and recently sold home, plotted. Toggle the layers, color the dots by status or lot type, and tap a home for the details.

Listing locations from Space Coast MLS; lot type inferred from listing descriptions. Destination pins are approximate. Map data © OpenStreetMap, tiles © CARTO. Flood, school, and commute overlays are on the roadmap.

Nearby & Commute

How far is everything?

The takeaway

The location is the everyday-convenience case: shopping, schools, and the major roads are all a manageable drive.

Drive times from Bimini Bay. They are approximate and vary with traffic and your exact start point.

Palm Bay everyday shopping and dining~5 to 8 min · everyday errands

US-1 corridor~3 to 6 min · main north-south route

I-95 (Palm Bay interchange)~8 to 12 min · regional highway

Downtown Melbourne~18 to 22 min · dining and culture

Melbourne Orlando International Airport~18 to 22 min · regional airport

Atlantic beaches (Melbourne Beach)~25 to 30 min · Atlantic beaches

Distances and drive times are approximate and vary with traffic. Confirm your real commute at your real departure time.

Nearby Communities

Explore more neighborhoods near Bimini Bay with Momentum Realty’s local guides.

Country CoveMalabarMalabar, FL · 0.6 mi

Reserve at CountryClub Lakes EstatesPalm Bay, FL · 0.6 mi

El Pueblo BonitoPalm Bay, FL · 0.6 mi

Vista OaksWestPalm Bay, FL · 0.7 mi

RivieraKeyPalm Bay, FL · 0.7 mi

TillmanPalm BayPalm Bay, FL · 0.8 mi

OakmontPreserveMalabar, FL · 0.9 mi

Rhum CovePalm Bay, FL · 1.1 mi

VistaOaksPalm Bay, FL · 1.1 mi

Browse all Florida neighborhood guides →

Carrying cost · the no-CDD edge

No CDD bond means thousands less per year than newer master plans.

Typical CDD community~$2,500/yr

Bimini Bay (no CDD)$0/yr

Roughly $25,000 saved over 10 years in carrying cost, before resale.

Illustrative. NE Florida CDD assessments commonly run $1,500-$3,500+/yr and vary by community; verify per property.

Schools

15-Second Take

Brevard County Public Schools
Verify the zoned schools by address
Magnet and choice options may be available
Confirm current ratings before relying on them
Private and parochial options nearby

Bimini Bay is served by Brevard County Public Schools. Assignment is by address and can change, so confirm the exact zoned elementary, middle, and high schools for any specific home, plus any magnet or choice options. Treat published ratings as a starting point, not the full story.

Buying with schools in mind? We can confirm the exact zoned schools for any Bimini Bay address.

The takeaway

What is actually shaping value at Bimini Bay, sourced and dated. We do not publish rumor.

Recent Developments in Bimini Bay

Development Intelligence

Our read on what is being built around Bimini Bay, scored for direction, significance, and how close the effect lands. The full sourced timeline follows below.

Net OutlookBullishThe structural story is an accessible canal-waterfront pocket where value is water-led and condition-led. Watch flood-insurance and waterfront-construction costs, and the wider Palm Bay growth story, and confirm seawall condition and the flood zone on any specific home.

Backyard canal-waterfront living at an accessible price

BullishWater frontage is a durable demand driver, and offering it in single-family homes at a Palm Bay price point supports steady interest from anglers, paddlers and waterfront-minded buyers. impact

SignificanceRadius: Community

Backyard canal-waterfront living at an accessible price

Non-navigation water and waterfront due diligence

NeutralThe non-navigation waterway limits larger powerboat use, and seawall, dock and flood-zone realities vary lot to lot. Inspect closely and quote insurance early; the lot, not the neighborhood, sets the value. impact

SignificanceRadius: Community

Non-navigation water and waterfront due diligence

Continued large-scale growth across Palm Bay

NeutralMajor new developments planned across Palm Bay, including the approved Everlands West plan, point to continued city growth, new services and added traffic over time. impact

SignificanceRadius: Regional

Continued large-scale growth across Palm Bay

Direction, significance, and effect-radius ratings are Momentum's proprietary, qualitative read of the sourced items below, not investment advice or a prediction for any specific home.

Development, infrastructure, retail, and school activity affecting Bimini Bay, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated June 2026.

Showing the latest, scroll for all updates ↓

April 2026
Development
Palm Bay advances the large-scale Everlands West plan
Local reporting described an approved Everlands West development planned for south Palm Bay, bringing roughly 2,300 homes plus commercial space and town-center plans, a signal of continued large-scale growth across the city. Why it matters: City-wide growth can add services and amenities over time, but also traffic. For an established waterfront pocket like Bimini Bay, the bigger value driver remains the specific lot's water access and condition. Source
2026
Community
Canal-front pocket connecting to a non-navigation body of water
Third-party real estate profiles describe Bimini Bay as a Palm Bay subdivision with picturesque homes, many set along a canal that flows to a non-navigation body of water, offering backyard water access for fishing and kayaking. Why it matters: The water is the headline asset and the headline due-diligence item. Confirm the specific water access, seawall and dock condition, the flood zone, and an early insurance quote on any home before you offer. Source

Summaries reflect public reporting and official sources linked above as of the dates shown. Project details, timelines, and approvals can change. Commentary on potential market effects is general observation, not investment advice or a prediction for any specific property. For the freshest items across the whole region, see This Week in Northeast Florida.

The Strategy

The Bimini Bay buying strategy.

If we were buying in Bimini Bay, this is the order of operations we would run, and the one we run for our clients.

Comp against true waterfront sales. A canal-front home is a different market from a dry lot; do not let a blended average set your offer.

Inspect the seawall and dock closely. Condition varies and repairs can be costly; factor any work into the price.

Verify the flood zone and quote insurance early. Waterfront flood and wind coverage is a real budget line; get the number up front.

Confirm the water access and any boating limits. The non-navigation waterway suits paddle craft; verify what the specific lot allows.

Verify the school zoning by address, and cross-shop Bridgewater at Bayside Lakes if amenities matter more than water frontage.

The Quick Decision

Best Buy

A canal-front home with a sound seawall, priced to true waterfront comps, with the flood zone verified and insurance quoted early.

Biggest Risk

Paying a waterfront price for a failing seawall, or underbudgeting flood and wind insurance.

Best Lot

Water access, seawall condition and frontage drive value; off-water lots are the value and the negotiating room.

Smart Timing

Water-led pricing rewards a prepared buyer; comp against true waterfront sales and quote insurance before you offer.

Deep-Dive Intelligence

The full read, only if you want it.

The takeaway

On mobile, tap any heading below to open it. This is the home by home, lot by lot, club and renovation detail, organized so you can jump straight to what matters to you.

Community Details at a Glance

The Homes

Type

Single-family

Size

Varies by home (confirm)

Built

Established (confirm)

Water

Many canal-front lots

Costs & Fees

HOA

Confirm if any, and dues

Insurance

Flood and wind, quote early

Taxes

Per Brevard parcel

Amenities

Water

Canal to non-navigation body

Activities

Fishing, kayaking from lots

Setting

Established residential streets

Access

Central Palm Bay

Location

Setting

Palm Bay

Water

Canal-front living

Indian River

Nearby

The Homes: Read the Lot First

Bimini Bay is built out, so you are buying established single-family homes, many on canal-front lots. Sizes, build years and condition vary, which means the lot and the water access matter as much as the floor plan.

The value spread is wide. A canal-front home with a sound seawall is a different market from an off-water or original-condition one, and the seawall and dock condition can swing the value of an otherwise similar home. Inspect them closely, budget any work honestly, and comp the home against true waterfront sales rather than a blended neighborhood average.

What Living Here Is Actually Like

The rhythm of Bimini Bay life:

A typical week

A kayak launch off the back lot at sunrise, a line in the water in the evening, errands minutes away on the US-1 corridor, and the quiet of a canal-front street the rest of the time. The water is the lifestyle here.

The seasonal shift

Palm Bay is busiest in the cooler months. On the water, the appeal is year-round, though summer storms are part of the Florida reality and another reason the insurance and seawall matter.

The waterfront reality

A canal lot means maintaining a seawall and, often, a dock. It is part of the deal, and budgeting for it is what separates a happy waterfront owner from a surprised one.

What buyers should know

Verify the flood zone and quote insurance before you offer. On the water, those two numbers shape the carry more than anything else, and it is far better to know them on day one.

The Bimini Bay Buyer Checklist

Comp against true waterfront sales, not dry-lot averages.
Inspect the seawall and dock and budget any repairs.
Verify the flood zone and quote flood and wind insurance early.
Confirm the water access and any boating limits on the lot.
Verify the school zoning by address with Brevard Public Schools.
Confirm any HOA and what it funds.
Check home condition, established stock varies widely.
Test your real routine, work, grocery, beach, at real times.

Jon Brooks · Co-Founder, Momentum Realty

Bimini Bay is the kind of pocket that sells itself the moment a buyer stands in the backyard and sees the canal. My job is to make sure the seawall under that pretty view is sound and the insurance number is one you can live with. On waterfront homes, those two items tell you more about the deal than the asking price does.

My consistent advice here is to set boating expectations early. This is a paddle-and-fish waterway, not a deep-water boating canal, and the buyers who are happiest are the ones who came for exactly that.

Bimini Bay vs. the Alternatives

The honest comparison set for a Bimini Bay buyer:

Community	Type	Fees (approx.)	The trade
Bimini Bay	Canal / waterfront · Palm Bay	Confirm HOA; insurance is the line	Backyard water access, non-navigation canal
Bridgewater at Bayside Lakes	Gated village · master amenities	Two layers, confirm both	Larger homes, lake views, shared amenities
Palm Vista at Everlands	Newer construction · master plan	Confirm current dues	Newer homes and amenities, NW Palm Bay growth

The pattern: Bimini Bay wins on backyard water access; Bridgewater wins on larger homes and amenities; Palm Vista wins on newer construction. There is no wrong answer, only a wrong match for your priorities.

Touring more than one? We will build you a route across Bimini Bay, Bridgewater and Palm Vista with the real fee and insurance detail in hand.

Plan the tour

The Honest Pros & Cons

What Bimini Bay gets right

Backyard canal-waterfront living at an accessible price
Fishing and kayaking from your own lot
Single-family homes, not attached product
Central Palm Bay location, services close
Water frontage is a durable resale driver

What to go in eyes-open about

Non-navigation water limits larger powerboats
Waterfront flood and wind insurance is a real budget line
Seawall and dock condition vary and can be costly
Flood zoning differs lot to lot
Older established stock, condition varies

Bimini Bay Homes For Sale

What your money buys in Bimini Bay.

The takeaway

Three honest price bands. Condition and lot, not the square footage alone, decide where a home lands.

Here are the broad resale bands in Bimini Bay today. The right home is the one matched to your budget and the renovation math, so seeing fitting listings early is the edge.

Entry: off-water

$275K to $275K

Homes off the water or in entry condition. The value door into the pocket for buyers who do not need a canal lot.

Lowest entry

Core: canal-front

$275K to $275K

Homes with their own canal frontage and backyard water access. The everyday Bimini Bay waterfront home and the main draw.

Most inventory

High: premium waterfront

$275K to $275K

The best water lots or most-updated waterfront homes, often with a seawall and dock in good condition. These set the ceiling.

Strongest resale

Approximate 2026 resale bands from third-party listing data and public records, not NEFAR statistics. Confirm pricing for a specific home.

See Off-Market & Private Listings

What Your Money Buys

What ~$275K buys here.

Three realistic price bands. Where a home lands comes down to condition and lot, not square footage alone.

$275K to $275K

Entry: off-water

Homes off the water or in entry condition. The value door into the pocket for buyers who do not need a canal lot.

$275K to $275K

Core: canal-front

Homes with their own canal frontage and backyard water access. The everyday Bimini Bay waterfront home and the main draw.

$275K to $275K

High: premium waterfront

The best water lots or most-updated waterfront homes, often with a seawall and dock in good condition. These set the ceiling.

Approximate 2026 resale bands from third-party listing data and public records, not NEFAR statistics. Confirm pricing for a specific home.

Operator Intelligence

Renovation & Resale Intelligence

The factors that actually move value in Bimini Bay, condition, lot, and the renovation math, read from current listings and recent sales.

15-Second Take

Renovation math decides the deal
Better lots and views resell strongest
Roof and HVAC age drive the insurance quote
Interior lots are where buyers overpay

Proprietary Data

The renovation premium.

Renovated-listing inventory in Bimini Bay is too thin right now to compute a reliable renovation premium. We read condition home by home against real comps before you offer.

Lot Value

The lot premium.

On a preferred homesite (water, preserve, corner, or a larger lot), the homesite is the part of your money the market gives back at resale. The house can be renovated; the lot cannot, so premium lots hold their value better than interior ones. How much more they command varies by frontage, view, and condition, which is why we read it home by home against real comparable sales rather than a single headline figure.

Operator Note

Most buyers overpay on interior lots in the back half of the community. A sharp renovation can distract you, but the weaker resale position follows the lot, not the finishes. We read the homesite before the kitchen.

Resale Strength Scorecard

How well Bimini Bay holds value.

Our read on the factors that protect resale here, and the one to manage.

No CDD on the tax billStrong

Central Palm Bay locationStrong

Scarce, established homesitesStrong

Established, in-demand locationPositive

All-resale 1990s conditionManage it

Momentum analysis based on the community's structure, location, lot scarcity, and housing stock. Not a guarantee of future value.

Operator Note

The strongest value pocket is usually a renovated home on a good lot priced just under the next tier up. Buyers chasing the single biggest house often pay top prices for what is really a renovation project.

5 Mistakes Buyers Make in Bimini Bay

15-Second Take

Calling the listing agent (who works for the seller)
Misjudging the renovation budget
Overpaying for an interior lot
Underbudgeting the carrying costs
Skipping the roof, HVAC, and systems check

The same five mistakes cost buyers the most in any market. Every one is avoidable with the right preparation before you tour.

Calling the listing agent

The agent on the sign works for the seller. In a market where condition swings price by hundreds of thousands, negotiating against that agent with no one in your corner is the costliest move of all.

Misjudging the renovation math

A dated home looks like a deal until you price the roof, HVAC, pool, and full modernization honestly. Underbudget the reno and the bargain becomes the expensive house.

Overpaying for an interior lot

A premium homesite (water, preserve, or a preferred position) carries a real, durable premium. Pay a top price for an interior lot and you are buying the weakest version of the value.

Underbudgeting the carrying costs

Two similar homes can cost very differently to own once the HOA, any CDD, insurance, and upkeep are priced in. Buyers who do not run the full monthly carrying cost misread the real number.

Skipping the systems check

An older home means older systems unless updated. Roof age, HVAC age, pool equipment, and prior renovations drive both price and insurability, and a thorough inspection matters more here than in a new build.

“

Bimini Bay is an easy pocket to love for the backyard canal. The deal is won or lost on the specific home's water access, its seawall condition, and an early flood-insurance quote, not the neighborhood name.

Jon Brooks · Founder, Momentum Realty

Momentum Intelligence

Momentum Buy Score.

Our proprietary 0 to 10 read across the five factors that decide how a home here buys, holds, and resells.

7.6B · Buy Score

Resale Strength7.8/10

Renovation Risk6.6/10

Location Efficiency7.8/10

Long-Term Defensibility8.0/10

Carrying Cost Advantage6.4/10

Momentum Intelligence Scores are our proprietary, qualitative assessment based on the analysis on this page, on a 0 to 10 scale. They are a framework for comparing communities, not a guarantee of future value or advice on a specific home.

Momentum Housing Intelligence

Why our read on Bimini Bay is different.

Most pages on this community are an automated estimate wrapped in stock copy. This one is built from the live Space Coast MLS feed, fourteen years of closed sales, and a renovation-by-renovation read of what actually moves value here, lot by lot. No Zestimate, no guesswork.

Live Space Coast MLS feed14 years of closed salesRenovation-premium analysisLot-by-lot, no automated estimates

Jon Brooks, founder of Momentum Realty. A housing economist with a background in real estate investment banking at Deutsche Bank and consulting at Ernst & Young, who has built and analyzed Northeast Florida real estate from the ground up.

About the analyst · Our methodology

Which Lots & Views Hold Value Best

Proprietary Data · Lot Value Map

Where the value actually sits. Each home is shaded by its price per square foot (a value read, not just a price) and ringed by lot type, so you can see at a glance which pockets carry a real, durable premium and where a renovation play makes sense.

Value ($/sqft)

$261 value$401 premium

Lake / waterPreserveInterior

Fill = price per square foot; ring = lot type, inferred from listing descriptions. Sold homes are shown by realized $/sqft (lot type not always recorded). Asking and recent-sold figures from Space Coast MLS; for orientation, not an appraisal.

15-Second Take

Canal frontage carries the top premium
Seawall and dock condition swing value
Off-water lots are the value and negotiating room
Non-navigation water suits paddle craft
Read the water and seawall before the finishes

Bimini Bay pricing is driven by water access first and condition second. Canal-front lots command the premium, and within them the seawall and dock condition swing value meaningfully, since repairs can be costly. Off-water lots are the value buy and the negotiating room for buyers who do not need the canal. Verify the flood zone and quote insurance early on any waterfront lot. On resale, well-maintained waterfront homes defend price best, so weigh the water and the seawall and comp a home against true waterfront sales rather than a dry-lot average.

The 15-Second Verdict

Bimini Bay in 15 seconds.

Best forBuyers who want backyard canal-waterfront living at an accessible Palm Bay price, for fishing and kayaking from their own lot.

Strong onBackyard water access, single-family homes, an accessible price, and a central Palm Bay location with services close.

WatchThe non-navigation water, seawall condition, flood zoning, and waterfront insurance. Inspect and quote early.

Not forBuyers who want open-water powerboating, a beach community, or no waterfront due diligence.

The edgeA canal-front home with a sound seawall, priced to true waterfront comps with insurance quoted early, can be a durable value.

HOA, CDD & Fees

15-Second Take

Confirm whether an HOA applies and its dues
Insurance, flood and wind, is the real budget line
Seawall and dock condition vary lot to lot
Non-navigation water suits paddle craft
Verify the flood zone before you offer

The fee story at Bimini Bay is less about HOA dues and more about insurance. Confirm whether the specific section carries a homeowners association and, if so, what it funds, but understand that the line item that actually shapes your carry on a waterfront home is the insurance.

Flood and wind coverage on a canal-front home depends on the flood zone, elevation, age and construction, and the spread between homes can be wide. Quote it early, before you fall for the water view, because that number belongs in your budget from day one.

The honest math: on a waterfront home, the insurance and the seawall are the two numbers that matter most. We pull a flood-zone read and an insurance quote, and we look hard at the seawall, for any Bimini Bay home you are serious about, because those are the numbers that make or break the deal.

Want the real numbers? We will pull the flood zone, an early insurance read, and a seawall assessment for any Bimini Bay listing you are watching.

Get the numbers

Run Your Numbers

Tools for a Bimini Bay buy.

Free calculators to pressure-test the real cost before you tour.

Mortgage paymentPrincipal, interest, taxes, and insurance on a specific price.Property taxBrevard County millage and the homestead picture.Rent vs buyThe breakeven on owning in Bimini Bay.Save Our HomesProject your homestead tax cap over time.

The takeaway

Selling here is won on condition and view, not the Zestimate. The right number comes from closed comps matched to your renovation level and lot.

Selling in Bimini Bay

Price it to your water access, seawall, and true waterfront comps, and lead with the canal.

If you are selling in Bimini Bay, the right list price comes from true waterfront sales matched to your home's water access and condition, with the seawall and dock documented and the canal lifestyle front and center.

Momentum listings (YTD)

97.98%

Sold-to-list ratio across our market for our agents, sellers keeping more of their price.

Market average (YTD)

96.73%

The broader metro average sold-to-list ratio over the same period.

Momentum days on market

64 days

Median days on market for our listings, faster sales mean less carrying cost and stronger leverage.

Market days on market

72 days

The broader metro median over the same period.

Sold-to-list and days-on-market figures reflect Momentum Realty listings versus our market average, year to date. Your home's result depends on pricing, condition, lot, view, and preparation.

In Bimini Bay, condition and view decide your number

Because buyers here are weighing your home against renovated comps and cross-shopping Bridgewater at Bayside Lakes, a home priced to the community average instead of its true condition and view either leaves money on the table or sits. A renovated kitchen, newer roof and HVAC, and a golf or lake view all deserve to show up in your price, and a buyer pool reading renovation math needs to be shown why your home is worth it. We build that case with real comps and a pricing strategy for the current market.

What is your Bimini Bay home worth?

Get a no-obligation home value based on real comparable sales in Bimini Bay matched to your condition, lot, and view, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.

See homes for sale in Bimini Bay on the map →
Or get your Bimini Bay home value & selling guide →

Real comps, not a Zestimate.

Bimini Bay Market Scorecard

Buyer-Leaning Market (limited data)

Bimini Bay is currently a buyer-leaning market (limited data). About 12.0 months of supply, a median asking price of $301,450.

12.0

Months supply

$301,450

Median list

$275,000

Median sold

$186

Per sqft

n/a

Days on mkt

2/0/2

Active/Pend/Sold

Typical home value in the 32905 ZIP is $236,276, about 16.1% below the Florida norm (Zillow Home Value Index).

Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.

Based on information from the Space Coast MLS for the period 2026 through 2026-06-18. Refreshed twice daily. Market metrics only; these describe homes for sale and recent sales, not residents.

Frequently Asked Questions

Where is Bimini Bay located?

In Palm Bay, Brevard County, Florida (ZIP 32905), near the Indian River and the US-1 corridor, as a waterfront pocket of single-family homes set along a canal.

Is Bimini Bay a waterfront community?

Yes. Many homes front a canal that connects to a non-navigation body of water, offering backyard water access for fishing and kayaking. Water frontage varies by lot, so confirm exactly what a specific home offers.

Can I keep a boat at Bimini Bay?

The canal connects to a non-navigation body of water, which generally suits paddle craft and smaller boats more than larger powerboats. Confirm the specific water access, depth and any restrictions for a home before you assume boating use.

What kind of homes are in Bimini Bay?

Established single-family homes, many on canal-front lots. Sizes, build years and condition vary, so confirm the specifics for any particular home rather than assuming a single profile.

Is there an HOA at Bimini Bay?

Confirm whether the specific section carries a homeowners association and, if so, the current dues and what they fund. We verify this for any home you are considering.

How much do homes cost in Bimini Bay?

Pricing runs in tiers by water access and condition, from an accessible tier for off-water or entry homes to an upper tier for premium waterfront. We pull the exact current picture before you offer.

How is insurance on a Bimini Bay waterfront home?

Waterfront living means flood and wind insurance are a real budget line, and the number depends on flood zone, elevation, age and construction. Quote it early for any specific home before you commit.

What about the seawall and dock?

Seawall and dock condition vary home to home and can be costly to repair or replace. Inspect them closely and factor any work into your offer; this is a core part of waterfront due diligence.

How far is the beach from Bimini Bay?

Roughly twenty-five to thirty minutes to the Melbourne Beach area. Bimini Bay's water story is its own canal, not the ocean, so it is a backyard-waterfront pocket rather than a beach community.

What schools serve Bimini Bay?

The community is within Brevard Public Schools. Assignment is by address and changes, so confirm the current zoned elementary, middle and high school with the district for any specific home.

Is now a good time to buy in Bimini Bay?

It depends more on the individual home than the calendar. With water-led pricing, a prepared buyer who comps against true waterfront sales and quotes insurance early is positioned to act on the right listing.

How does Bimini Bay compare to Bridgewater at Bayside Lakes?

Bimini Bay is a canal-and-waterfront pocket focused on backyard water access; Bridgewater at Bayside Lakes is a larger-home gated village with master-community amenities and lake views. The choice is waterfront versus amenities-and-lake-view. We tour both with buyers.

Do I need my own agent to buy in Bimini Bay?

Yes. The listing agent works for the seller. Your own agent comps against true waterfront sales, inspects the seawall and dock, verifies flood zoning, quotes insurance early, and negotiates for you. Momentum Realty does exactly that.

The Verdict

Should you buy in Bimini Bay?

An honest fit check. We will tell you when it is not your community.

You want backyard canal-waterfront living at an accessible priceExcellent fit

You want to fish or kayak from your own lotExcellent fit

You want a single-family home rather than attached productExcellent fit

You will budget waterfront insurance and seawall upkeep honestlyExcellent fit

You will verify flood zoning and seawall condition before you offerExcellent fit

You want open-water access for a larger powerboatProbably not

You want a beach community rather than a canal pocketProbably not

You will not inspect seawall and dock condition closelyProbably not

You will not quote flood and wind insurance earlyProbably not

You want resort amenities behind a gateProbably not

Get the inside read on Bimini Bay

Whether you are buying a renovation project, comparing the lots and views, weighing the carrying costs, or selling your Bimini Bay home, tell us what you need. Every inquiry comes straight to us. We represent you, not the seller, and what your agent is paid is negotiable and set in a written buyer agreement up front. No obligation, no spam, no high-pressure follow-up.

You are all set.

A Momentum Realty Bimini Bay specialist will reach out personally, usually the same day.

Photography on this page is sourced from active and recently sold MLS listings in this community and remains the property of the listing brokerage and/or photographer. Source: Listing data provided by the Space Coast Multiple Listing Service. Information is deemed reliable but is not guaranteed accurate by the MLS.

Bimini Bay

The 60-Second Overview

The course, the club, the gates.

Who Bimini Bay is best for.

Best for

Probably not for

How Bimini Bay is performing right now

Homes For Sale Right Now in Bimini Bay

Bimini Bay on the map.

How far is everything?

Nearby Communities

Schools

Recent Developments in Bimini Bay

Backyard canal-waterfront living at an accessible price

Non-navigation water and waterfront due diligence

Continued large-scale growth across Palm Bay

Palm Bay advances the large-scale Everlands West plan

Canal-front pocket connecting to a non-navigation body of water

The Bimini Bay buying strategy.

The full read, only if you want it.

The Homes

Costs & Fees

Amenities

Location

What Bimini Bay gets right

What to go in eyes-open about

What your money buys in Bimini Bay.

What ~$275K buys here.

Renovation & Resale Intelligence

The renovation premium.

The lot premium.

How well Bimini Bay holds value.

5 Mistakes Buyers Make in Bimini Bay

Calling the listing agent

Misjudging the renovation math

Overpaying for an interior lot

Underbudgeting the carrying costs

Skipping the systems check

Momentum Buy Score.

Why our read on Bimini Bay is different.

Which Lots & Views Hold Value Best

Bimini Bay in 15 seconds.

HOA, CDD & Fees

Tools for a Bimini Bay buy.

Price it to your water access, seawall, and true waterfront comps, and lead with the canal.

In Bimini Bay, condition and view decide your number

What is your Bimini Bay home worth?

Price History: What Homes Here Have Actually Sold For

Bimini Bay Market Scorecard

Frequently Asked Questions

Should you buy in Bimini Bay?

Get the inside read on Bimini Bay

You are all set.

Need to sell fast in Brevard County?

You just read the data. Now see what your home is worth.

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