Cypress Bay Preserve in Palm Bay

Cypress Bay Preserve

Gated newer single-family community · pool, lakes · Palm Bay 32909

A gated, newer single-family community with a pool and lakes in south Palm Bay.

Gated, newerCommunity poolReported D.R. Horton
Live Market Pulse
50/100
Momentum
Buyer-Leaning Market
Homes here are newer and similar in scale, so the plan, the lot, and condition drive the buy; confirm the HOA inclusions, any CDD, and any warranty per home.
Free · No obligation
Unlock Off-Market Cypress Bay Preserve

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
$338K
Median Price
7.2mo
Supply
n/a
Avg DOM
Soft
Seller Leverage
$172/sf
Median $/Sqft
n/a
1-Yr Price Change
0now
Distress
Jon Brooks, founder of Momentum Realty
Jon's Current Read

"Cypress Bay Preserve is a gated, newer production read: a D.R. Horton community in south Palm Bay reported built around 2022 to 2023, with a gated pool, lakes, sidewalks, and a bundled HOA. The recent build year is a real carrying-cost and insurability advantage, and the gate and pool are amenities most established Palm Bay subdivisions lack. Value is set by the plan, the lot, and condition. Confirm the HOA inclusions, the lot, and any builder warranty per home."

Jon Brooks, founder, Momentum Realty · Updated June 2026

The 60-Second Overview

Cypress Bay Preserve market snapshot (as of June 17, 2026): the median sale price is about $338K ($172 per sq ft), a buyer-leaning market. Based on 10 recent closings in live Space Coast MLS data.

Cypress Bay Preserve is a gated, newer single-family community in Palm Bay, reported in the 32909 area, reported to have been built by D.R. Horton around 2022 to 2023. It is reported to feature a gated community pool, lakes, sidewalks, and street lights, with homes reported roughly in the 1,672-to-1,828-square-foot range.

This is a newer, amenity-light production read. The recent build year generally brings favorable systems and insurance math relative to older Palm Bay stock, and the gate and pool set it apart from most established subdivisions nearby. Confirm the current HOA amount and exactly what it covers, since reporting describes inclusions such as common-area and grounds maintenance, security, trash, and sewer.

Because the homes are recent and similar in scale, the plan, the lot, and what it backs to do the work at resale alongside condition. A lakefront or buffered lot edges out a tight interior one.

Treat each property on its own terms. Confirm the lot, the HOA inclusions and any CDD, the roof and systems, any remaining builder warranty, and the comparable sales with the listing, and read the south Palm Bay commute for your routine.

Best for

  • Buyers who want a newer, gated Palm Bay home with a community pool
  • Anyone who values a recent build year for insurability and systems
  • Buyers who want bundled HOA conveniences over a no-HOA older home
  • Move-in buyers shopping by plan, lot, and comparable sales

Probably not for

  • Buyers who want acreage or a rural setting
  • Anyone seeking a no-HOA, lowest-cost older home
  • Buyers who want a custom estate or waterfront on the lagoon
  • Those who prefer an established neighborhood with mature trees

How Cypress Bay Preserve is performing right now

50/100
momentum
Buyer-Leaning Market
Seller's marketBalancedBuyer's market
7.2Months of supplytight
72Median days on marketdays
3 : 6Under contract vs for salestrong demand
10Sold in last 12 monthsliquidity
+7%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 Cypress Bay Preserve 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 Cypress Bay Preserve buys, holds, and resells. See the five factors.

Homes For Sale Right Now in Cypress Bay Preserve

Live MLS inventory for Cypress Bay Preserve. 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 Cypress Bay Preserve 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 Club & Membership

15-Second Take
  • Gated, newer single-family community
  • Reported D.R. Horton, 2022 to 2023
  • Community pool, lakes, sidewalks
  • Bundled HOA reported ~$235 to $265/mo
  • South Palm Bay growth corridor

Cypress Bay Preserve is a gated, newer single-family community in Palm Bay, reported in the 32909 area, reported to have been built by D.R. Horton around 2022 to 2023. It is reported to feature a gated community pool, lakes, sidewalks, and street lights, with homes reported roughly in the 1,672-to-1,828-square-foot range. The HOA is reported in the range of roughly $235 to $265 per month, with inclusions reported such as common-area and grounds maintenance, security, trash, and sewer (confirm with the HOA). The recent build year generally brings favorable systems and insurance math relative to older Palm Bay stock. Because the homes are recent and similar in scale, the plan, the lot, and condition drive value. Confirm the HOA inclusions, any CDD, any builder warranty, the roof and systems, and the comparable sales per home with the listing.

The takeaway

The setting is south Palm Bay's growth edge: Cypress Bay Preserve sits near the St. Johns Heritage Parkway and Malabar Road, with I-95, US-1, and Melbourne a manageable drive.

Malabar Road corridor~10-15 min · ~5-6 miles
St. Johns Heritage Parkway~8-12 min · ~4 miles
I-95 access~15-20 min · ~9 miles
US-1 / Palm Bay~15-20 min · ~9 miles
Melbourne Orlando Int'l Airport~25-30 min · ~16 miles
Atlantic beaches via causeway~35-45 min · ~19 miles

Drive times are approximate and vary with traffic and your exact departure point. Confirm your real commute at your real departure time.

Nearby Communities

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

Falls ofPalm BayFalls ofPalm BayPalm Bay, FL · adjacentMonterey Cove atBayside LakesMonterey Cove atBayside LakesPalm Bay, FL · 0.3 miBrentwoodLakesBrentwoodLakesPalm Bay, FL · 0.9 miPreservesat StonebriarPreservesat StonebriarPalm Bay, FL · 1.2 miCypress Bay WestFreedomCypress Bay WestFreedomPalm Bay, FL · 1.4 miRichmondCoveRichmondCovePalm Bay, FL · 1.4 miGreenwood PlantationGreenwood PlantationPalm Bay, FL · 1.4 miSloneridgeSloneridgePalm Bay, FL · 1.4 miBrookside atBayside LakesBrookside atBayside LakesPalm Bay, FL · 1.7 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
Cypress Bay Preserve (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

Cypress Bay Preserve 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 Cypress Bay Preserve address.

The takeaway

What is actually shaping value around Cypress Bay Preserve: Palm Bay's population growth, the recent build-year and gated-amenity advantage, corridor improvements, and nearby new-construction supply. Read the plan, the lot, and the comps per home.

Recent Developments in Cypress Bay Preserve

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

Net OutlookBullishPalm Bay's growth and the newer, gated, amenity-bearing profile point to steady demand. The watch items are heavy new-construction competition and growth-driven traffic.

Palm Bay's strong population growth

Ongoing
BullishMajor impact
SignificanceRadius: City

Sustained in-migration to Palm Bay supports demand for newer, gated single-family homes.

Recent build year and gated amenities

Ongoing
BullishNotable impact
SignificanceRadius: Community

Newer systems, a gate, and a community pool set this apart from most established Palm Bay subdivisions.

St. Johns Heritage Parkway corridor improvements

2025
BullishNotable impact
SignificanceRadius: Corridor

Ongoing parkway and Malabar Road work aims to improve south Palm Bay access over time.

Heavy new-construction supply nearby

Ongoing
NeutralNotable impact
SignificanceRadius: Corridor

Large new-home supply across south Palm Bay can cap resale pricing; read the home against current builder inventory.

Bundled HOA as a carrying-cost item

Ongoing
NeutralNotable impact
SignificanceRadius: Community

A monthly HOA covering grounds, trash, and sewer is a manageable line item; confirm the current amount and any CDD.

Growth-driven traffic on shared corridors

Ongoing
NeutralMinor impact
SignificanceRadius: Corridor

Rapid south Palm Bay growth raises traffic on Malabar Road and the parkway; read your real commute.

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 Cypress Bay Preserve, 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. April 2025
    Roads

    Palm Bay explores widening a portion of Malabar Road

    Reporting described Palm Bay working with the state to widen a roughly four-mile stretch of Malabar Road from Minton Road to St. John's Heritage Parkway, citing rapid growth and rising traffic from new south-area communities. Why it matters: Corridor improvements address growth-driven traffic on the roads that serve newer south Palm Bay communities like this one. Source

Development alerts for Cypress Bay PreserveGet a short monthly email when something new is approved, funded, or opens near Cypress Bay Preserve.

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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 Cypress Bay Preserve, this is the order of operations we would run, and the one we run for our clients.

1

Read the plan and lot first. The floor plan, the homesite, and whether it backs to a lake set the floor on resale.

2

Confirm the HOA inclusions. Verify the current HOA amount, exactly what it covers, and whether any CDD applies in writing.

3

Check warranty status. Confirm whether any builder structural or systems warranty remains and is transferable.

4

Read the condition. Even newer homes vary; confirm the roof, HVAC, and finish level on a specific home.

5

Cross-shop newer Palm Bay. Compare against Waterstone and other recent gated communities.

Best Buy
A well-kept lakefront or buffered-lot home with the HOA and warranty confirmed
Biggest Risk
Overpaying for a tight interior lot or missing a CDD on the tax bill
Best Lot
A lakefront or buffered lot over a tight interior one
Smart Timing
Confirm the HOA inclusions, any CDD, the warranty, and the comps before you offer
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

Cypress Bay Preserve is a gated, newer single-family community in Palm Bay, reported in the 32909 area, reported to have been built by D.R. Horton around 2022 to 2023. It is reported to feature a gated community pool, lakes, sidewalks, and street lights, with homes reported roughly in the 1,672-to-1,828-square-foot range. The HOA is reported in the range of roughly $235 to $265 per month, with inclusions reported such as common-area and grounds maintenance, security, trash, and sewer (confirm with the HOA). The recent build year generally brings favorable systems and insurance math relative to older Palm Bay stock. Because the homes are recent and similar in scale, the plan, the lot, and condition drive value. Confirm the HOA inclusions, any CDD, any builder warranty, the roof and systems, and the comparable sales per home with the listing.

The takeaway

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

The Interior Plan
$285K to $335K

Smaller plans or tighter interior lots, the entry into a newer gated Palm Bay community.

Lowest entry
The Core Home
$335K to $396K

Well-kept newer homes on solid lots with a remaining warranty, the heart of the demand here.

Most inventory
The Lakefront Lot
$396K to $469K

Homes on a lakefront or buffered lot with the better plans, the ones that hold value best.

Strongest resale

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

$285K to $335K
The Interior Plan
Smaller plans or tighter interior lots, the entry into a newer gated Palm Bay community.
$335K to $396K
The Core Home
Well-kept newer homes on solid lots with a remaining warranty, the heart of the demand here.
$396K to $469K
The Lakefront Lot
Homes on a lakefront or buffered lot with the better plans, the ones that hold value best.

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
  • Golf and lake lots 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.

Recent build year and systemsStrong
Gated entry and community poolStrong
Palm Bay growth supporting demandPositive
Lot premiums and new-build competitionManage it
HOA inclusions and any CDD to verifyVerify it

Momentum analysis based on the no-CDD structure, central location, built-out lot scarcity, the funded club plan, and the all-resale 1990s housing stock. Not a guarantee of future value.

Jon Brooks, Momentum Realty
Operator Note

The strongest value pocket is usually a renovated golf or lake home priced just under the next tier up. Buyers chasing the single biggest estate often pay estate prices for what is really a renovation project.

5 Mistakes Buyers Make in Cypress Bay Preserve

15-Second Take
  • Calling the listing agent (who works for the seller)
  • Misjudging the renovation budget
  • Overpaying for an interior lot
  • Ignoring the optional club cost
  • Skipping the roof, HVAC, and systems check

In an all-resale, seven-figure, renovation-driven market, the same five mistakes cost buyers the most. Every one is avoidable with the right preparation before you tour.

In a newer gated community, the deal is won or lost on the plan, the lot, and the HOA math, not the headline number.

Jon Brooks · Founder, Momentum Realty
8.0B+ · Buy Score
Resale Strength7.9/10
Renovation Risk3.8/10
Location Efficiency7.4/10
Long-Term Defensibility7.6/10
Carrying Cost Advantage7.6/10

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 Cypress Bay Preserve 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
  • Lakefront and buffered lots hold value best
  • Plan and lot drive value in a newer community
  • Newer roofs and systems aid carrying cost
  • Confirm any transferable builder warranty
  • Match every home to recent comps

In a newer gated community, the plan, the lot, and condition do the work. At Cypress Bay Preserve the homes are recent and similar in scale, so the floor plan you choose and the homesite, especially whether it backs to a lake, decide where a home lands alongside condition. Newer roofs and systems help carrying cost and insurability, and a remaining transferable warranty adds value. Read the lot and the plan first, confirm the HOA and any CDD, then match the home to recent comparable sales.

Cypress Bay Preserve in 15 seconds.

Best forBuyers who want a newer, gated Palm Bay home with a community pool and bundled HOA conveniences.
Biggest advantageA recent build year and a gate and pool, an edge for insurability and amenities over older Palm Bay stock.
Biggest riskLot premiums, HOA inclusions, and any CDD, the carrying-cost items buyers misread in a newer community.
Sweet spotA lakefront or buffered-lot home with the HOA and warranty confirmed, matched to comps.
Avoid ifYou want acreage, a no-HOA older home, a custom estate, or lagoon waterfront.

HOA, CDD & Fees

15-Second Take
  • Gated, newer single-family community
  • Reported built by D.R. Horton, 2022 to 2023
  • Community pool, lakes, sidewalks
  • Bundled HOA reported ~$235 to $265/mo
  • Recent build-year systems advantage

Cypress Bay Preserve carries a monthly HOA, reported in the range of roughly $235 to $265 per month (confirm the current amount with the HOA). Verify exactly what it covers and whether any CDD applies for a specific home with the listing.

Reporting describes HOA inclusions such as common-area and grounds maintenance, security, trash removal, and sewer. Confirm the exact current inclusions, reserves, and any CDD for a specific home, since these change.

No private golf club. The amenity story is the gated entry, the community pool, the lakes, and the sidewalks and street lights of a newer planned community.

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 Cypress Bay Preserve, condition and view decide your number

Because buyers here are weighing your home against renovated comps and cross-shopping Waterstone, 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 Cypress Bay Preserve home worth?

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

Cypress Bay Preserve Market Scorecard

Buyer-Leaning Market

Cypress Bay Preserve is currently a buyer-leaning market. About 7.2 months of supply, a median asking price of $351,000.

7.2
Months supply
$351,000
Median list
$337,500
Median sold
$172
Per sqft
n/a
Days on mkt
6/3/10
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

What is Cypress Bay Preserve?
Cypress Bay Preserve is a gated, newer single-family community in Palm Bay, reported in the 32909 area, reported to have been built by D.R. Horton around 2022 to 2023, with a gated community pool, lakes, sidewalks, and street lights.
Who built Cypress Bay Preserve?
Cypress Bay Preserve is reported to have been built by D.R. Horton around 2022 to 2023. Confirm the builder and build year of a specific home with the listing.
How big are the homes in Cypress Bay Preserve?
Homes are reported roughly in the 1,672-to-1,828-square-foot range. Confirm the exact size, plan, and condition of a specific home with the listing.
Does Cypress Bay Preserve have an HOA?
Yes. The HOA is reported in the range of roughly $235 to $265 per month, with inclusions reported such as common-area and grounds maintenance, security, trash, and sewer. Confirm the current amount, inclusions, and any CDD with the HOA.
Is Cypress Bay Preserve a gated community?
Yes. Cypress Bay Preserve is reported to be a gated community with a community pool, sidewalks, and street lights. Confirm the current gate and amenity arrangements with the listing.
Does Cypress Bay Preserve have a pool?
Yes. The community is reported to include a gated community pool along with lakes and sidewalks. Confirm the current amenities and any associated costs with the HOA.
Is there a builder warranty in Cypress Bay Preserve?
Given the recent build year, some homes may retain a builder structural or systems warranty. Confirm whether any warranty remains and is transferable for a specific home.
Does Cypress Bay Preserve have a CDD fee?
Confirm whether a CDD applies for a specific home; some newer Palm Bay communities carry one and some do not. Always verify the tax bill and any CDD per parcel.
What schools serve Cypress Bay Preserve?
Cypress Bay Preserve is part of Brevard Public Schools. School assignment is by address and changes periodically, so confirm the exact zoned schools for a specific home with the district.
What ZIP code is Cypress Bay Preserve in?
Cypress Bay Preserve is reported in the 32909 ZIP in south Palm Bay, Brevard County. Confirm the exact ZIP for a specific address.
Is Cypress Bay Preserve a good area to buy?
It is a newer, gated Palm Bay community with a pool and a bundled HOA. The outcome depends on the plan, the lot, and the condition of a specific home, so read all three honestly; this is not a guarantee of future value.
Should I use the listing agent to buy in Cypress Bay Preserve?
No. The listing agent works for the seller. On a newer-home purchase where the plan, the lot, and the HOA math drive value, having your own representation is the highest-leverage decision you make.
Buyers who want a newer, gated Palm Bay home with a community poolExcellent fit
Anyone who values a recent build year for insurability and systemsExcellent fit
Buyers who want bundled HOA conveniences over a no-HOA older homeExcellent fit
Move-in buyers shopping by plan, lot, and comparable salesExcellent fit
Buyers who will confirm the HOA inclusions, any CDD, and warranty per homeExcellent fit
Buyers who want acreage or a rural settingProbably not
Anyone seeking a no-HOA, lowest-cost older homeProbably not
Buyers who want a custom estate or lagoon waterfrontProbably not
Those who prefer an established neighborhood with mature treesProbably not
Buyers unwilling to read lot premiums in a newer communityProbably not

Get the inside read on Cypress Bay Preserve

Whether you are buying a renovation project, comparing the lots and views, weighing the optional club, or selling your Cypress Bay Preserve 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 Cypress Bay Preserve 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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