Coral Key in Palm Bay

Coral Key

Palm Bay · Brevard County

A small, newer HOA enclave of single-family homes in southeast Palm Bay, built roughly 2011 to 2012.

Newer single-family, ~2011 to 2012Small HOA enclaveSoutheast Palm Bay (32909)
Live Market Pulse
54/100
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.
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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
$364K
Median Price
12mo
Supply
n/a
Avg DOM
Soft
Seller Leverage
$157/sf
Median $/Sqft
n/a
1-Yr Price Change
0now
Distress
Jon Brooks, founder of Momentum Realty
Jon's Current Read

"Coral Key is a small, well-established neighborhood of single-family homes in the fast-growing southeast quadrant of Palm Bay (ZIP 32909), off Emerson Drive SE. Reported records put the homes at roughly 2011 to 2012 construction, generally four to five bedrooms in the 2,500 to 3,400 square foot range, with a modest HOA. The read is simple: this is newer-build, larger-floorplan product in an affordability-driven part of the Space Coast, so the buy turns on the specific home, the lot, condition, and confirming the HOA in writing. Treat all figures as reported and confirm."

Jon Brooks, founder, Momentum Realty · Updated June 2026

The 60-Second Overview

Coral Key market snapshot (as of June 17, 2026): the median sale price is about $364K ($157 per sq ft), a buyer-leaning market (limited data). Based on 1 recent closings in live Space Coast MLS data.

Coral Key is a single-family neighborhood in southeast Palm Bay (ZIP 32909), Brevard County, in the area off Emerson Drive SE that has seen significant residential growth (neighborhoods.com community profile).

Reported records describe homes built roughly 2011 to 2012, generally four to five bedrooms and about 2,500 to 3,400 square feet, so this skews newer and larger than much of the surrounding older Palm Bay grid. Confirm the year built and size for the specific home.

There is a modest homeowners association; reported figures place dues in a low range (around sixty dollars a month or roughly two hundred forty dollars a quarter). Confirm the current HOA, what it covers, and any restrictions in writing before you offer.

Because Coral Key is a compact enclave, value is set home by home. Match the floorplan and lot to how you live, read condition on the roof, HVAC, and systems, confirm the HOA, then comp within the neighborhood and the surrounding 32909 newer-build inventory.

Best for

  • Buyers who want a newer single-family home with a larger floorplan at a Palm Bay price point
  • Buyers who want a modest HOA rather than a high-fee master plan
  • Buyers who will confirm the HOA, the lot, and condition before offering

Probably not for

  • Buyers who want a guard-gated, amenity-rich master-planned community
  • Buyers who want to be near the coast or the Indian River rather than southeast Palm Bay
  • Buyers who want a historic or established-tree-canopy neighborhood

How Coral Key is performing right now

54/100
momentum
Buyer-Leaning Market (limited data)
Seller's marketBalancedBuyer's market
12Months of supplytight
72Median days on marketdays
1 : 1Under contract vs for salestrong demand
1Sold in last 12 monthsliquidity
+11%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 Coral Key listings and the trailing twelve months of closed sales.

8.6A- score
Momentum intelligence
Momentum buy score

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

Homes For Sale Right Now in Coral Key

Live MLS inventory for Coral Key. 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.

Active and pending Coral Key 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.

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.

The takeaway

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

Emerson Drive SE / Malabar Road~5 to 10 min · main corridors, approximate
I-95 (Malabar Road interchange)~10 to 15 min · north and south access
Bayside Lakes shopping~10 min · retail and services
Palm Bay Hospital~15 min · nearest hospital, approximate
Turkey Creek Sanctuary~15 to 20 min · trails and kayaking
Melbourne Orlando International (MLB)~30 min · north, approximate

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 Coral Key with Momentum Realty’s local guides.

Fairway Isles atBayside LakesFairway Isles atBayside LakesPalm Bay, FL · 0.6 miSanibel CoveSoutheast Palm BaySanibel CoveSoutheast Palm BayPalm Bay, FL · 0.8 miWHWaterstone Homes for Sale in Palm Bay, FLPalm Bay, FL · 0.8 miLockmarAcresLockmarAcresPalm Bay, FL · 0.9 miELEmerald Lakes Homes for Sale in Palm Bay, FLPalm Bay, FL · 1.1 miBrookside atBayside LakesBrookside atBayside LakesPalm Bay, FL · 1.2 miForest Glen atBayside LakesForest Glen atBayside LakesPalm Bay, FL · 1.2 miLake Forestat Bayside LakesLake Forestat Bayside LakesPalm Bay, FL · 1.2 miCourtyard at WaterstoneCourtyard at WaterstonePalm Bay, FL · 1.3 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
Coral Key (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

Coral Key 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 Coral Key address.

The takeaway

What actually shapes value at Coral Key, sourced and dated. We do not publish rumor.

Recent Developments in Coral Key

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

Net OutlookBullishThe structural story is a small, newer single-family enclave in a high-growth part of southeast Palm Bay with a modest HOA. The watch items are the specific home and lot, condition, the current HOA, and how the surrounding 32909 newer-build pipeline affects comps.

Southeast Palm Bay (32909) growth corridor

NeutralThe 32909 area has seen heavy new-construction growth, which supports demand but adds competing supply, so comp against both resale and nearby new builds. impact
SignificanceRadius: Submarket

Southeast Palm Bay (32909) growth corridor

Newer build with a modest HOA

BullishRoughly 2011 to 2012 construction with larger floorplans and a low HOA is an attainable combination for the Space Coast; confirm year built, size, and dues per home. impact
SignificanceRadius: Community

Newer build with a modest HOA

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 Coral Key, 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 ↓

  1. Reported 2011 to 2012
    Community

    Single-family enclave in southeast Palm Bay

    Coral Key is a single-family neighborhood off Emerson Drive SE in southeast Palm Bay (32909), with homes reported built roughly 2011 to 2012, generally four to five bedrooms and about 2,500 to 3,400 square feet, and a modest HOA (community profile). Treat figures as reported and confirm. Why it matters: Newer build and larger floorplans at a Palm Bay price are the draw; value turns on the specific home, lot, and condition. Source

Development alerts for Coral KeyGet a short monthly email when something new is approved, funded, or opens near Coral Key.

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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.

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

1

Confirm the year built and square footage for the specific home, since reported records describe roughly 2011 to 2012 construction and larger floorplans.

2

Confirm the HOA in writing, the current dues, what they cover, and any restrictions, since reported figures are modest but should be verified per home.

3

Read the lot, the orientation, drainage, and whether it backs to other homes, a preserve, or water.

4

Read condition on the roof, HVAC, and systems, since even newer homes vary by upkeep.

5

Comp within Coral Key and the surrounding 32909 newer-build inventory, not older Palm Bay product.

Best Buy
An updated, well-kept four or five bedroom on a good lot, with the HOA confirmed in writing.
Biggest Risk
Assuming the HOA, year built, or size without confirming, or comping against older Palm Bay homes instead of nearby newer builds.
Best Lot
Lots that back to a preserve, water, or open space, or that avoid the busiest corridor, carry an edge.
Smart Timing
Confirm the HOA, year built, size, and condition before you write.
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

Coral Key is a single-family neighborhood in southeast Palm Bay (32909), Brevard County, off Emerson Drive SE, with homes reported built roughly 2011 to 2012, generally four to five bedrooms and about 2,500 to 3,400 square feet, and a modest HOA. It sits in a high-growth part of Palm Bay with retail, parks, and the Turkey Creek Sanctuary nearby. The HOA and any restrictions should be confirmed in writing. It is zoned to Brevard Public Schools by address; verify the exact zoned schools with the district.

The takeaway

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

Entry: smaller or dated floorplans
$364K to $364K

The most attainable Coral Key homes are the smaller or less-updated floorplans. Confirm the HOA, year built, and condition before assuming a value.

Lowest entry
Mid: updated four-bedroom
$364K to $364K

The middle is a well-kept, updated four-bedroom on a standard lot. Condition and lot separate these more than square footage.

Most inventory
High: larger five-bedroom on a premium lot
$364K to $364K

The top end is a larger five-bedroom with updates on a preserve, water, or open-space lot. These trade on size, the lot, and condition.

Strongest resale

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

$364K to $364K
Entry: smaller or dated floorplans
The most attainable Coral Key homes are the smaller or less-updated floorplans. Confirm the HOA, year built, and condition before assuming a value.
$364K to $364K
Mid: updated four-bedroom
The middle is a well-kept, updated four-bedroom on a standard lot. Condition and lot separate these more than square footage.
$364K to $364K
High: larger five-bedroom on a premium lot
The top end is a larger five-bedroom with updates on a preserve, water, or open-space lot. These trade on size, the lot, and condition.

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

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
Jon Brooks, Momentum Realty
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.

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.

Jon Brooks, Momentum Realty
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 Coral Key

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.

Newer build and a modest HOA are priced into every Coral Key listing. The deal is won on the specific home, the lot, and condition, and on comping against the right newer-build inventory, not the sticker.

Jon Brooks · Founder, Momentum Realty
7.4B · Buy Score
Resale Strength7.4/10
Renovation Risk4.8/10
Location Efficiency7.0/10
Long-Term Defensibility7.2/10
Carrying Cost Advantage8.0/10

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.

Why our read on Coral Key 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.

Which Lots & Views Hold Value Best

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
  • Lots backing a preserve, water, or open space carry an edge.
  • Avoid the busiest corridor lots if quiet matters.
  • Confirm drainage and orientation on the specific lot.
  • Lot and condition matter as much as square footage here.

In a compact enclave like Coral Key, the specific lot does a lot of the work. Lots that back to a preserve, water, or open space, or that avoid the busiest through-corridor, hold value better than standard interior lots. Confirm drainage and orientation, and compare a home against the closest sale within the neighborhood and the surrounding 32909 newer-build inventory before the finishes.

Coral Key in 15 seconds.

Best forBuyers who want a newer, larger single-family home with a modest HOA at a southeast Palm Bay price point.
Strong onNewer construction (reported ~2011 to 2012), larger floorplans, low HOA, and a high-growth location with services nearby.
WatchThe current HOA, the specific lot and condition, and competing newer-build supply in 32909.
Not forBuyers who want a guard-gated amenity master plan, a coastal location, or a mature, historic neighborhood.
The edgeIt is a small enclave, so matching the right floorplan, lot, and condition at the right comp is the find.

HOA, CDD & Fees

15-Second Take
  • HOA is reported as modest; confirm the current figure and what it covers.
  • Confirm any deed restrictions before you offer.
  • No golf or country club; recreation is public and nearby.
  • Lots backing preserve, water, or open space hold value best.
  • Comp within Coral Key and nearby 32909 newer builds.

Coral Key has a modest homeowners association; reported figures place dues in a low range (around sixty dollars a month or roughly two hundred forty dollars a quarter). Treat any figure as reported and confirm the current HOA, what it covers, and any restrictions in writing before you offer.

An HOA at this level typically covers common-area items and basic association administration rather than a large amenity slate. Confirm exactly what the dues cover for the specific home.

no golf club; confirm amenities. Coral Key is a single-family enclave without a country club; nearby Palm Bay parks and the Turkey Creek Sanctuary provide recreation. Confirm any community amenities in writing.

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.

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 Coral Key, condition and view decide your number

Because buyers here are weighing your home against renovated comps and cross-shopping Coral Key, 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 Coral Key home worth?

Get a no-obligation home value based on real comparable sales in Coral Key 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 Coral Key on the map →
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Real comps, not a Zestimate.

Coral Key Market Scorecard

Buyer-Leaning Market (limited data)

Coral Key is currently a buyer-leaning market (limited data). About 24.0 months of supply, a median asking price of $422,500.

24.0
Months supply
$422,500
Median list
$364,000
Median sold
$157
Per sqft
n/a
Days on mkt
2/1/1
Active/Pend/Sold

Typical home value in the 32909 ZIP is $317,505, about 16.7% 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 Coral Key located?
Coral Key is in southeast Palm Bay (ZIP 32909), Brevard County, off Emerson Drive SE, in a high-growth part of the city.
What kind of homes are in Coral Key?
Single-family homes, reported built roughly 2011 to 2012, generally four to five bedrooms and about 2,500 to 3,400 square feet. Confirm the year built and size for the specific home.
Is Coral Key a gated community?
Reported profiles describe it as a single-family neighborhood rather than a guard-gated master plan. Confirm gate and access details for the specific community before you offer.
Does Coral Key have an HOA?
Yes, a modest one. Reported figures place dues in a low range (around sixty dollars a month or roughly two hundred forty dollars a quarter). Confirm the current HOA and what it covers in writing.
Is Coral Key a 55+ community?
Reported profiles describe it as an all-ages single-family neighborhood, not age-restricted. Confirm with the association before you offer.
What amenities does Coral Key have?
It is a single-family enclave without a country club. Recreation is largely public and nearby, including Palm Bay parks and the Turkey Creek Sanctuary. Confirm any community amenities in writing.
How far is Coral Key from I-95?
The Malabar Road interchange is roughly ten to fifteen minutes away. Drive times are approximate and vary with traffic.
How far is Coral Key from the beach?
The barrier-island beaches are a longer drive east across the Indian River; this is an inland southeast Palm Bay location. Confirm drive times for your route.
What schools serve Coral Key?
It is zoned to Brevard Public Schools by home address. Assignments change, so verify the exact zoned schools with the district.
Is Coral Key a good investment?
Newer construction with larger floorplans and a modest HOA in a growing part of Palm Bay supports steady demand, but value is home-specific. Confirm the HOA, the lot, and condition before deciding.
What should I check before buying in Coral Key?
Confirm the year built and square footage, the current HOA and what it covers, the lot, and condition on the roof, HVAC, and systems, then comp within the neighborhood and nearby newer builds.
Should I use the listing agent to buy in Coral Key?
No. The listing agent works for the seller. Having your own representation to confirm the HOA, read condition, and comp the home to the right peer group is the highest-leverage decision you make.
You want a newer, larger single-family home at a southeast Palm Bay priceExcellent fit
You want a modest HOA rather than a high-fee master planExcellent fit
You will confirm the HOA, the lot, and condition before offeringExcellent fit
You want a guard-gated, amenity-rich master-planned communityProbably not
You want a coastal or Indian River locationProbably not
You want a mature, historic neighborhoodProbably not

Get the inside read on Coral Key

Whether you are buying a renovation project, comparing the lots and views, weighing the carrying costs, or selling your Coral Key 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.

We respond personally, usually the same day.

You are all set.

A Momentum Realty Coral Key specialist will reach out personally, usually the same day.

Space Coast MLS logo
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.

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