Falls of
Palm Bay

D.R. Horton community · Palm Bay · ZIP 32909

A late-2010s D.R. Horton community in Palm Bay with single-family homes, a modest HOA and some waterfront lots reported. The read is the specific home, the lot, and confirming the full carrying cost.

D.R. Horton builtBuilt late 2010sModest HOA, confirm

Live Market Pulse

57/100
Momentum

Balanced 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 Falls of Palm 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

$305K

Median Price

3.4mo

Supply

n/a

Avg DOM

Balanced

Seller Leverage

$167/sf

Median $/Sqft

n/a

1-Yr Price Change

0now

Distress

Jon's Current Read

"Falls of Palm Bay, also marketed as The Falls, is a community built by D.R. Horton in Palm Bay, Brevard County, reported to include single-family homes built roughly 2016 to 2018 with plans from about 1,676 to 2,674 square feet. Third-party profiles report a modest HOA, with some sources citing a figure around fifty-eight dollars a month, which should be confirmed in writing with the association. Some homes are reported to sit on premium waterfront lots. Because the homes are relatively recent, the insurance math is generally friendlier than older Palm Bay stock. The read is the specific home, its lot exposure, the HOA scope, and a value check against nearby Palm Bay alternatives, confirmed before you offer."

Jon Brooks, founder, Momentum Realty · Updated June 2026

The 60-Second Overview

Falls of Palm Bay market snapshot (as of June 17, 2026): the median sale price is about $305K ($167 per sq ft), a balanced market (limited data). Based on 7 recent closings in live Space Coast MLS data.

Falls of Palm Bay, also marketed as The Falls, is a community built by D.R. Horton in Palm Bay (ZIP 32909), Brevard County. Third-party sources describe single-family homes built roughly 2016 to 2018 with plans from about 1,676 to 2,674 square feet. Confirm the specific home, year built, size and lot for anything you consider.

Some homes are reported to sit on premium waterfront lots, which carry premiums and hold value differently than interior lots. Comp by the specific lot exposure rather than the community average.

Third-party profiles report a modest homeowners association, with some sources citing a figure around fifty-eight dollars a month. Treat that as reported and confirm the current dues, cadence and exactly what is included with the association before you offer.

Because the homes are relatively recent, the insurance math is generally friendlier than older Palm Bay stock. The read is the specific home, its lot exposure, the HOA scope, and the full carrying cost. Confirm the school assignment by address with Brevard Public Schools if that matters to you, and verify any district assessment per parcel.

Quick Match

Who Falls of Palm Bay is best for.

Best for

Buyers who want relatively recent construction in Palm Bay
Buyers who value a modest HOA over a high-amenity master plan
Buyers who want the option of a waterfront lot
Buyers who will confirm the HOA scope and the full carrying cost

Probably not for

Buyers who want a no-HOA, individual-ownership setting
Buyers who need a large master plan with resort amenities
Buyers who want brand-new builder inventory and full warranty
Buyers who will not confirm the HOA inclusions and any district assessment

Market Pulse

How Falls of Palm Bay is performing right now

57/100
momentum

Balanced Market (limited data)

Seller's marketBalancedBuyer's market

3.4Months of supplytight

72Median days on marketdays

1 : 2Under contract vs for salestrong demand

7Sold in last 12 monthsliquidity

+127%Median price since 2012appreciation

-2%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 Falls of Palm 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 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 : 1active : pending

For sale2

Pending1

Sold 12mo7

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 Falls of Palm Bay buys, holds, and resells. See the five factors.

Homes For Sale Right Now in Falls of Palm Bay

Live MLS inventory for Falls of Palm 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.

1965 Snapdragon Drive home for sale in Falls of Palm Bay

ActiveTop listing

$435,000

4 bd · 2.5 ba · 2,252 sqft · built 2007

1965 Snapdragon Drive, Palm Bay, 32907

Pool

Listed by Beycome of Florida LLC

436 Great Falls Lane home for sale in Falls of Palm Bay

Active

$387,500

5 bd · 3.5 ba · 2,905 sqft · built 2017

436 Great Falls Lane, Palm Bay, 32908

RenovatedBest value

Listed by MAXLIFE Realty LLC

202 Alamere Drive home for sale in Falls of Palm Bay

Pending

$310,000

4 bd · 2 ba · 1,830 sqft · built 2017

202 Alamere Drive, Palm Bay, 32908

Strong resaleRenovatedLakefront

Listed by Compass Florida LLC

Active and pending Falls of Palm 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

Falls of Palm 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 Falls of Palm Bay. They are approximate and vary with traffic and your exact start point.

Malabar Road shopping and dining~6 to 14 min · approximate, varies with traffic

I-95 at Malabar Road~8 to 15 min · main highway access

St. Johns Heritage Parkway~5 to 12 min · newer arterial corridor

Bayside Lakes commercial center~8 to 15 min · shopping and services

Atlantic beaches (Melbourne/Indialantic)~25 to 40 min · inland community

Orlando Melbourne Intl Airport~20 to 30 min · regional airport

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 Falls ofPalm Bay with Momentum Realty’s local guides.

Cypress Bay PreservePalm Bay, FL · adjacent

Monterey Cove atBayside LakesPalm Bay, FL · 0.3 mi

BrentwoodLakesPalm Bay, FL · 0.9 mi

Preservesat StonebriarPalm Bay, FL · 1.2 mi

Cypress Bay WestFreedomPalm Bay, FL · 1.4 mi

RichmondCovePalm Bay, FL · 1.4 mi

Greenwood PlantationPalm Bay, FL · 1.4 mi

SloneridgePalm Bay, FL · 1.4 mi

Brookside 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

Falls of Palm 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

Falls of Palm 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 Falls of Palm Bay address.

The takeaway

What is actually shaping value around Falls of Palm Bay, sourced and dated. We do not publish rumor.

Recent Developments in Falls of Palm Bay

Development Intelligence

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

Net OutlookBullishThe structural story is a relatively recent D.R. Horton community in a growing part of Palm Bay where the specific home, the lot and the full carrying cost drive outcomes. Watch St. Johns Heritage Parkway and Malabar Road improvements against the value of a recent build with a modest HOA, and confirm the fee picture per the listing.

St. Johns Heritage Parkway widening in progress

BullishPalm Bay is designing a four-lane widening of St. Johns Heritage Parkway from Malabar Road north to Emerson Drive, which improves connectivity for this part of Palm Bay over time. Construction funding status varies. impact

SignificanceRadius: Area

St. Johns Heritage Parkway widening in progress

Recent construction with friendlier insurance math

BullishHomes built in the late 2010s generally carry friendlier insurance quotes than older Palm Bay stock, a real positive for carrying cost. impact

SignificanceRadius: Community

Recent construction with friendlier insurance math

Confirm the full carrying cost before you offer

NeutralThe HOA dues and inclusions, plus any non-ad-valorem district assessment on the tax bill, are parcel-specific. Confirm every layer in writing. impact

SignificanceRadius: Community

Confirm the full carrying cost before you offer

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 Falls of Palm 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 ↓

October 2025
Infrastructure
St. Johns Heritage Parkway widening moving through design
The City of Palm Bay describes a four-lane widening of St. Johns Heritage Parkway from Malabar Road north of Emerson Drive, with design partially funded by a state appropriation and the design study expected to be completed by July 2026, including intersection upgrades, drainage improvements and a new bridge over the C-1 Canal. The construction phase is noted as currently unfunded. Why it matters: Improved connectivity along the parkway supports access and convenience for this part of Palm Bay over time. It is a structural positive, not a reason to skip per-home diligence. 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 Falls of Palm Bay buying strategy.

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

Confirm the HOA dues, cadence and exactly what they include. Some sources cite a figure around fifty-eight dollars a month, so confirm the current number and inclusions in writing before you decide what you can afford.

Confirm the lot exposure. Some homes sit on premium waterfront lots; comp the specific lot rather than the community average.

Verify any non-ad-valorem district assessment on the tax bill per parcel.

Comp by the specific home and lot, since condition and lot drive value more than the average.

Weigh a nearby Palm Bay alternative, such as Bayside Lakes, on amenities, lot and total carrying cost.

The Quick Decision

Best Buy

A well-kept recent home on a desirable lot, priced to its condition and exposure, with the HOA scope and any assessment confirmed.

Biggest Risk

Overpaying a waterfront lot premium the market no longer supports, or missing a district assessment on the tax bill.

Best Lot

Waterfront lots carry premiums and hold value differently; interior lots are where the negotiating room lives.

Smart Timing

Resales that have aged on market can carry flexibility; confirm fees and comps first.

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

Falls of Palm Bay, also marketed as The Falls, is a community built by D.R. Horton in Palm Bay (ZIP 32909), Brevard County, reported to include single-family homes built roughly 2016 to 2018 with plans from about 1,676 to 2,674 square feet, some on premium waterfront lots. Third-party profiles report a modest homeowners association, with some sources citing a figure around fifty-eight dollars a month, which should be confirmed with the association. Confirm the home age, condition and lot exposure, the HOA dues and inclusions, any non-ad-valorem district assessment per parcel, and the school assignment by address with Brevard Public Schools, since details change.

Falls of Palm Bay Homes For Sale

What your money buys in Falls of Palm 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 Falls of Palm 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: smaller plans, interior lots

$284K to $295K

The smaller plans and interior lots, the entry door into a recent-build Palm Bay address with a modest HOA. Confirm current pricing on the live listings below.

Lowest entry

Core: mid-size single-family

$295K to $360K

The core of the community, mid-size single-family homes on standard lots. Confirm current pricing on the live listings below.

Most inventory

High: larger or waterfront-lot homes

$360K to $382K

The largest plans and the premium waterfront lots, often more upgraded. Lot exposure separates these most. Confirm current pricing on the live listings below.

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 ~$305K buys here.

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

$284K to $295K

Entry: smaller plans, interior lots

The smaller plans and interior lots, the entry door into a recent-build Palm Bay address with a modest HOA. Confirm current pricing on the live listings below.

$295K to $360K

Core: mid-size single-family

The core of the community, mid-size single-family homes on standard lots. Confirm current pricing on the live listings below.

$360K to $382K

High: larger or waterfront-lot homes

The largest plans and the premium waterfront lots, often more upgraded. Lot exposure separates these most. Confirm current pricing on the live listings below.

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 Falls of Palm 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 Falls of Palm 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 Falls of Palm 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 Falls of Palm 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.

“

Falls of Palm Bay is easy to like for recent construction and a modest HOA. The deal is won or lost on the specific home, the lot exposure, and confirming the full carrying cost, not the HOA number alone.

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.

7.5B · Buy Score

Resale Strength7.6/10

Renovation Risk8.0/10

Location Efficiency7.4/10

Long-Term Defensibility7.2/10

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.

Momentum Housing Intelligence

Why our read on Falls of Palm 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

Golf, lake, and preserve lots hold value best
Interior lots are where buyers overpay
The lot cannot be renovated, the house can
Premium homesites resell faster
~3% asking premium for premium lots today

In a built-out club community, the lot is the resale insurance

The houses can be renovated, but the lot and view cannot. Golf frontage, lakefront, and preserve lots consistently command higher premiums and resell faster than interior lots backing to another home. The premium you pay for a great homesite is the discount you avoid when you sell.

The mistake is paying an estate price for a base interior lot. We help buyers spot which homesites carry real, durable premiums and which are dressed-up interiors, so your money lands where the market will give it back.

Strongest resale Golf frontage and lakefront homesites at Falls of Palm Bay

Golf & lakefront lots

Open views over the course or the 26 community lakes. The scarcest, most in-demand homesites; they command the highest premiums and resell fastest.

Strong resale Preserve-backing homesites at Falls of Palm Bay

Preserve lots

Backing to protected preserve means privacy with no rear neighbor. A consistent favorite that holds value well above a standard interior lot.

Moderate resale Cul-de-sac and larger interior homesites at Falls of Palm Bay

Cul-de-sac & larger lots

Less traffic, more yard, and an easy walk to the club for some streets. A real but smaller premium that depends on the street and parcel size.

Value tier Standard interior homesites at Falls of Palm Bay

Standard interior lots

The most affordable way through the gates, and the best renovation value. Just do not pay a golf or lake price for one, this is where buyers most often overpay.

Relative resale strength by lot and view, illustrative of how Falls of Palm Bay homesites trade. The exact premium depends on the specific home, the view, and the street.

The 15-Second Verdict

Falls of Palm Bay in 15 seconds.

Best forBuyers who want relatively recent D.R. Horton construction in Palm Bay with a modest HOA and the option of a waterfront lot.

Strong onRecent construction with friendlier insurance math, a modest HOA, some waterfront lots, and improving connectivity along St. Johns Heritage Parkway.

WatchThe HOA inclusions, any district assessment, and the waterfront lot premium. Confirm every carrying-cost layer per parcel.

The edgeA well-kept recent home on a desirable lot, priced to its condition with all fees confirmed, can be a durable Palm Bay value.

Not forBuyers who want no-HOA individual ownership, a large amenity master plan, or brand-new builder inventory with full warranty.

HOA, CDD & Fees

15-Second Take

Confirm the current HOA dues, cadence and inclusions in writing
Confirm the lot exposure and any waterfront premium
Verify any non-ad-valorem district assessment per parcel
Confirm the year built and condition for the specific home
Comp by the specific home and lot before you offer

We do not publish a definitive HOA figure here because dues and inclusions change. Some third-party sources cite a figure around fifty-eight dollars a month; confirm the current dues, cadence and exactly what they include in writing with the association before you offer.

Confirm the current inclusions with the association rather than assuming. As a relatively recent D.R. Horton community, the HOA scope is typically common-area and grounds related; verify what is covered and the current budget.

Run Your Numbers

Tools for a Falls of Palm 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 Falls of Palm 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 Falls of Palm Bay

Price it to your home, condition and lot exposure, with the full carrying cost shown.

If you are selling in Falls of Palm Bay, the right list price comes from recent sales matched to your home, condition and lot, with waterfront exposure as a marketing asset where it applies. A clear modest-HOA story helps buyers compare carrying costs.

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 Falls of Palm Bay, condition and view decide your number

Because buyers here are weighing your home against renovated comps and cross-shopping 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 Falls of Palm Bay home worth?

Get a no-obligation home value based on real comparable sales in Falls of Palm 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 Falls of Palm Bay on the map →
Or get your Falls of Palm Bay home value & selling guide →

Real comps, not a Zestimate.

Falls of Palm Bay Market Scorecard

Balanced Market (limited data)

Falls of Palm Bay is currently a balanced market (limited data). About 3.4 months of supply, a median asking price of $411,250.

3.4

Months supply

$411,250

Median list

$305,000

Median sold

$167

Per sqft

n/a

Days on mkt

2/1/7

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 Falls of Palm Bay located?

A D.R. Horton community in Palm Bay, FL (ZIP 32909), Brevard County, near Malabar Road, I-95 and St. Johns Heritage Parkway. It is also marketed as The Falls.

Who built Falls of Palm Bay?

Falls of Palm Bay, also marketed as The Falls, is a D.R. Horton community, with construction reported roughly 2016 to 2018. Confirm any remaining new construction at tour time.

What kind of homes are in Falls of Palm Bay?

Third-party sources describe single-family homes built roughly 2016 to 2018 with plans from about 1,676 to 2,674 square feet, some on premium waterfront lots. Confirm the specific home, year built, size and lot for anything you consider.

What does the HOA cost at Falls of Palm Bay?

We do not publish a definitive figure here because dues and inclusions change. Some sources cite a figure around fifty-eight dollars a month; confirm the current dues, cadence and what they include with the association before you offer.

Are there waterfront homes in Falls of Palm Bay?

Some homes are reported to sit on premium waterfront lots. Waterfront lots carry premiums and hold value differently than interior lots, so comp the specific lot exposure.

Is Falls of Palm Bay a 55+ community?

We did not confirm an age restriction for this community. Confirm any age covenant, if any, in writing with the association before you offer.

Does Falls of Palm Bay have a CDD?

We did not confirm a community development district for this community. Verify any non-ad-valorem district assessment on the tax bill per parcel before you offer.

What does a home in Falls of Palm Bay cost?

We do not publish a price figure here. Pricing tracks the specific home, its lot exposure and condition. Confirm current pricing on the live listings on this page; we pull exact comps before you offer.

What schools serve Falls of Palm Bay?

The community is in Brevard Public Schools, with assignment by address. Zoning can change, so confirm the current zoned campuses for any specific home with the district.

How far is the beach from Falls of Palm Bay?

Roughly twenty-five to forty minutes to the Melbourne and Indialantic beaches, depending on the exact home and traffic. This is an inland Palm Bay community.

What is this part of Palm Bay like to live in?

Southwest Palm Bay is a growing area with newer subdivisions, shopping along Malabar Road, and improving connectivity via St. Johns Heritage Parkway and I-95. Growth adds traffic, which is the trade-off.

Is now a good time to buy in Falls of Palm Bay?

It depends on the specific home, its condition and lot. We pull live inventory and comps so you can judge value on the actual property and the full carrying cost.

Do I need my own agent to buy in Falls of Palm Bay?

Yes. The listing agent and any builder staff work for the seller. Your own agent confirms the HOA, any district assessment and the lot exposure, pulls true comps, and negotiates for you. Momentum Realty represents you, not the seller.

The Verdict

Should you buy in Falls of Palm Bay?

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

You want relatively recent construction in Palm BayExcellent fit

You value a modest HOA over a high-amenity master planExcellent fit

You want the option of a waterfront lotExcellent fit

You will confirm the HOA scope and the full carrying costExcellent fit

You want friendlier insurance math from recent constructionExcellent fit

You want a no-HOA, individual-ownership settingProbably not

You need a large master plan with resort amenitiesProbably not

You want brand-new builder inventory and full warrantyProbably not

You will not confirm the HOA inclusions and any district assessmentProbably not

You want acreage or no-HOA privacyProbably not

Get the inside read on Falls of Palm Bay

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

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A Momentum Realty Falls of Palm 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.

Falls ofPalm Bay

The 60-Second Overview

Who Falls of Palm Bay is best for.

Best for

Probably not for

How Falls of Palm Bay is performing right now

Homes For Sale Right Now in Falls of Palm Bay

Falls of Palm Bay on the map.

How far is everything?

Nearby Communities

Schools

Recent Developments in Falls of Palm Bay

St. Johns Heritage Parkway widening in progress

Recent construction with friendlier insurance math

Confirm the full carrying cost before you offer

St. Johns Heritage Parkway widening moving through design

The Falls of Palm Bay buying strategy.

The full read, only if you want it.

What your money buys in Falls of Palm Bay.

What ~$305K buys here.

Renovation & Resale Intelligence

The renovation premium.

The lot premium.

How well Falls of Palm Bay holds value.

5 Mistakes Buyers Make in Falls of Palm 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 Falls of Palm Bay is different.

Which Lots & Views Hold Value Best

In a built-out club community, the lot is the resale insurance

Golf & lakefront lots

Preserve lots

Cul-de-sac & larger lots

Standard interior lots

Falls of Palm Bay in 15 seconds.

HOA, CDD & Fees

Tools for a Falls of Palm Bay buy.

Price it to your home, condition and lot exposure, with the full carrying cost shown.

In Falls of Palm Bay, condition and view decide your number

What is your Falls of Palm Bay home worth?

Price History: What Homes Here Have Actually Sold For

Falls of Palm Bay Market Scorecard

Frequently Asked Questions

Should you buy in Falls of Palm Bay?

Get the inside read on Falls of Palm Bay

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Need to sell fast in Brevard County?

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

More Palm Bay & Space Coast / Brevard County guides

Falls of
Palm Bay