Malabar Springs
Homes for Sale in Palm Bay, FL
All 1,175 homes for sale in Palm Bay, FL · median $340,000 · Brevard County homes for sale
True comps, carrying-cost math, and listings before the portals.
Photo via Space Coast MLS
As of November 2026, Malabar Springs in Palm Bay, FL has 5 homes for sale. Homes listed or recently sold were built 2026–2026 with 10 new construction; 11 of 11 report an HOA (median $20/mo); 10 of the 11 geocoded homes sit in a FEMA special flood hazard zone (median elevation 18 ft).
Last 30 days in Malabar Springs: 3 under contract right now, 1 closed sale (median $314,900). As of November 13, 2026, Listing data provided by the Space Coast Multiple Listing Service. Information is deemed reliable but is not guaranteed by the MLS to be accurate.
Malabar Springs is a gated community of 337 homes in Palm Bay, and right now the number that matters most is supply. With just 5 active listings but 60 months of inventory, this reads as a slow, thinly traded market where a home can sit unless it is priced and presented to move. Price here is condition-driven: with so few homes changing hands, comparable sales carry outsized weight, and the spread between a turnkey listing and one that needs work can be wide.
For buyers, the posture is clearly buyer-leaning - you have time to inspect, negotiate, and walk away, and there is little pressure to overpay. For sellers, that same math is a warning: at this pace, standing out on condition and pricing discipline is not optional. The gate and amenity package help the story, but they do not move a home on their own.
Figures in this note are as of July 15, 2026. The live market numbers elsewhere on this page update nightly and are newer.
The 60-Second Overview
A gated Palm Bay community of 337 homes in Brevard County, currently thin on inventory and firmly buyer-leaning, with a full amenity slate behind the security gate.
Flood zones in Malabar Springs: of 11 listing addresses checked against the FEMA National Flood Hazard Layer, 9% sit outside the FEMA Special Flood Hazard Area (Zone X); 91% are in an A-series high-risk zone where flood insurance is required with a federally backed mortgage. Individual parcels vary - verify any specific address at msc.fema.gov. See flood zones by neighborhood in Palm Bay.
Pre-construction details are compiled from public records, builder announcements and builder listings, and are subject to change without notice; figures are deemed reliable but not guaranteed. Momentum Research figures are our own analysis. This page describes homes, pricing and community attributes, not residents.
The setting & the homes.
Aerial and on-site photos of Malabar Springs. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
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Malabar SpringsPhotos from Space Coast MLS listings in Malabar Springs; content deemed reliable but not guaranteed.
Who Malabar Springs is best for.
Best for
- Buyers who value a gated setting with pool, fitness center, and dog park and are willing to negotiate patiently
- Long-hold buyers comfortable owning through a slow-moving resale market
- Buyers who want to shop condition carefully and use the buyer-leaning market for leverage on price
Probably not for
- Anyone who needs to resell quickly or count on a fast exit
- Buyers wanting a fast-moving, competitive market with quick turnover
- Buyers unwilling to budget for HOA dues and verify amenity access before committing
The market around Malabar Springs
Malabar Springs is too small for its own price trend, so here is the market around it.
Across Brevard County, 3,585 homes are active and 1,397 pending (28% under contract).
ZIP and county figures describe the wider market, not Malabar Springs specifically. Momentum Research analysis of MLS records.
Homes For Sale Right Now in Malabar Springs
Live MLS inventory for Malabar Springs. 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.
ActiveTop listingActivePendingPendingPendingActive and pending Malabar Springs listings as of 2026-11-13, priced high to low. Based on information from the Space Coast MLS. Tap any home to ask about it.
Every Home for Sale in Malabar Springs Palm Bay Right Now (5)
All 5 active and pending Malabar Springs Palm Bay listings with a detail page, newest first, refreshed twice a day from the MLS.
- 4994 Madras Drive · $394,900 · 4 bd / 3.5 ba · listed Aug 15, 2026 · listed by New Home Star Florida LLC
- 5004 Madras Drive · $349,900 · 4 bd / 2.5 ba · listed Aug 15, 2026 · listed by New Home Star Florida LLC
- 5134 Madras Drive · $399,900 · 4 bd / 3.5 ba · pending · listed Aug 15, 2026 · listed by New Home Star Florida LLC
- 5125 Madras Avenue · $369,900 · 3 bd / 2 ba · pending · listed Aug 15, 2026 · listed by New Home Star Florida LLC
- 4795 Madras Drive · $414,900 · 4 bd / 3 ba · pending · listed Aug 15, 2026 · listed by New Home Star Florida LLC
Malabar Springs on the map.
Every active, pending, and recently sold home, plotted. Toggle the layers and tap a home for the details.
Listing locations from Space Coast MLS. Map data © OpenStreetMap contributors.
Life at Malabar Springs
- Dog Park · reported on 7 of 7 listings
- Gated · reported on 7 of 7 listings
- Playground · reported on 7 of 7 listings
- Security Gate · reported on 7 of 7 listings
- Jogging Path · reported on 6 of 7 listings
- Water · reported on 6 of 7 listings
- Fitness Center · reported on 5 of 7 listings
- Pool · reported on 4 of 7 listings
- Park · reported on 1 of 7 listings
Community amenities as reported across Space Coast MLS listings in this community; deemed reliable but not guaranteed. Verify current amenities and access with the HOA.
Schools
- Brevard County Public Schools
- Verify the zoned schools by address
- Magnet and choice options may be available
- Jupiter · Elementary
- Central · Middle
- Heritage · High
Zoned schools reflect the assignments reported on recent Malabar Springs listings and can change; always confirm with Brevard County Public Schools for a specific address.
Buying with schools in mind? We can confirm the exact zoned schools for any Malabar Springs address.
Shop the zone: Homes zoned for Heritage High School
Recent Developments in Malabar Springs
Development, infrastructure, retail, and school activity affecting Malabar Springs, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated November 2026.
- October 2026Retail & Dining
Margarita Island opens in the former El Chico building on Evans Road, Melbourne
The Mexican restaurant chain opened at 1751 Evans Road in Melbourne, its fourth Brevard location and seventh in Florida. It offers a full menu and a full-service bar.
What it may mean for the marketA new sit-down dining option adds to restaurant choices along the Evans Road area of Melbourne. The project is about 9 miles northwest of Malabar Springs, elsewhere in Brevard County.
Source: Space Coast Daily - October 2026Market
Brevard September home sales: single-family slows while condos and townhomes gain
Space Coast Association of Realtors data show the September single-family median price at $380,000, up 0.5%, with closed sales down 2.5% to 818 and 3.5 months of supply. Condo and townhouse median price rose 6.9% to $272,500, with 172 closed sales and 5.9 months of supply.
What it may mean for the marketTighter single-family supply and a firmer condo and townhouse segment point to differing inventory conditions across Brevard housing types. The project is about 17 miles northwest of Malabar Springs, elsewhere in Brevard County.
Source: Space Coast Daily - October 2026Infrastructure
Melbourne starts a citywide road condition survey with a scanning van
City consultant Michael Baker International began driving every city-maintained road on Oct. 15 with LiDAR, 3D scanners and cameras. The survey should finish by the end of 2026, and the Pavement Management Plan will be updated by early 2027 to prioritize resurfacing.
What it may mean for the marketThe survey will set the resurfacing priority list that shapes road conditions and repair timing across Melbourne. The site is about 4 miles northwest of Malabar Springs.
Source: WFTV - June 2026Development
Proposed Brevard County USL soccer stadium would anchor new mixed-use development
Developers unveiled plans for an 8,000-seat professional soccer stadium along West NASA Boulevard by Melbourne Orlando International Airport as the home of the Space Coast Soccer Club. The complex would include restaurants and retail space, with a targeted opening in spring 2028 and about 20 to 25 professional matches per year.
What it may mean for the marketA new stadium and mixed-use complex would add restaurant, retail, and event space to this part of Melbourne and expand the local commercial and entertainment footprint. The project is about 7 miles northwest of Malabar Springs, elsewhere in Brevard County.
Source: FOX 35 Orlando - June 2026Development
West Melbourne's Space Coast Town Center Expands
The 225-acre Space Coast Town Center on U.S. 192 and Interstate 95 in West Melbourne is advancing a new phase called The Landing, which will feature a grocery anchor, retail shops, restaurants, and roughly 300 apartments. When fully built, the overall development is planned to include more than 2,000 residential units, 300 hotel rooms, office space, and retail.
What it may mean for the marketA new phase adds grocery, retail, dining, and apartment capacity to this mixed-use center and expands the local commercial base at a major highway interchange. The project is about 8 miles west of Malabar Springs, elsewhere in Brevard County.
Source: WFTV - May 2026Infrastructure
Ellis Road widening from John Rodes Boulevard to Wickham Road advances to construction
FDOT's project to widen Ellis Road from two to four lanes over about 1.8 miles between John Rodes Boulevard and Wickham Road in the Melbourne area had a construction letting scheduled for May 20, 2026, at an estimated construction cost of $57 million. The work includes new sidewalks, buffered bicycle lanes, new traffic signals, and drainage improvements.
What it may mean for the marketWidening this corridor would increase road capacity and add sidewalks and bike lanes across a key West Melbourne and Melbourne connection. The project is about 8 miles northwest of Malabar Springs, elsewhere in Brevard County.
Source: CFL Roads (FDOT)
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 Malabar Springs buying strategy.
If we were buying in Malabar Springs today, this is the order of operations we would run for our clients.
Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.
Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.
Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.
Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.
Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in Malabar Springs.
A gated community moving at a buyer's pace
The amenity list reported across MLS listings is substantial for a Palm Bay community: a gated entry with security gate, a pool and fitness center, a dog park, playground and park, plus a jogging path. That combination points to an HOA-managed community where the shared spaces are part of the value - so verify current access, dues, and rules directly with the HOA before you write an offer.
One data point worth sitting with: the homestead share here is reported at 0%, which suggests a community that skews toward non-primary ownership rather than owner-occupants. That can shape everything from HOA dynamics to how quickly listings turn over, and paired with 60 months of supply, it reinforces that this is a patient, price-sensitive market rather than a fast one.
The location and the amenities are priced into every listing in Malabar Springs. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a market this thinly traded, comps are everything and mistakes are expensive - overpricing a listing here means it sits, and overpaying as a buyer means little support underneath you. We track every active and sold home in Malabar Springs, read the condition behind the price, and tell you plainly when a deal makes sense and when to keep your powder dry.
Malabar Springs in 15 seconds.
Tools for a Malabar Springs buy.
Free calculators to pressure-test the real cost before you tour.
Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Malabar Springs sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Malabar Springs, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Malabar Springs home worth?
Get a no-obligation home value based on real comparable sales in Malabar Springs, 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 all homes for sale in Palm Bay →
Recently off market in Malabar Springs
Homes in Malabar Springs that recently left the market. Each address opens its public-record profile: county-recorded value, property taxes, the last recorded sale, community sales history, and what is for sale nearby now. 4 on record.
- 2728 Nilgiri Street · off market
- 4825 Madras Drive · off market
- 5115 Madras Drive · off market
- 5124 Madras Drive · off market
| Location | Palm Bay, Brevard County, FL |
|---|---|
| Homes in the community | 337 (FL DOR 2025 assessment roll) |
| Home types (current listings and sales) | single-family 100% |
| Amenities listed by sellers | Dog Park, Gated, Playground, Security Gate, Jogging Path, Water |
| For sale right now | 5 active, 2 pending · median asking $374,900 · 60.0 months of supply |
| Owner-occupied (homestead) share | 0% |
Data as of July 15, 2026. Based on information from the Space Coast MLS for the period %s through %s; housing-stock figures from Florida Department of Revenue public records. Market figures describe homes, not residents. Cite as: Momentum Realty, “Malabar Springs key facts,” movewithmomentum.com/neighborhoods/malabar-springs-palm-bay, data as of July 15, 2026.
Just listed in Malabar Springs
The newest homes for sale in Malabar Springs right now, newest first. Each link opens the full listing with every photo, the price history and a tour request.
- 4994 Madras Drive $394,900 · 4 bd · 3.5 ba · 3,087 sq ft · new today Courtesy of New Home Star Florida LLC
- 5004 Madras Drive $349,900 · 4 bd · 2.5 ba · 2,691 sq ft · new today Courtesy of New Home Star Florida LLC
Checked against the MLS nightly. All new listings in this market.
Recently sold in Malabar Springs Palm Bay
- 5124 Madras Drive · sold $314,900
- 5115 Madras Drive · sold $399,900
- 2728 Nilgiri Street · sold $504,200
Closed sales from the MLS; each page shows the sold price, taxes and value history.
More Palm Bay home searches
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- Palm Bay pool homes for sale
- Gated communities in Palm Bay
- Homes under $300K in Palm Bay
- Homes from $300K to $500K in Palm Bay
- Palm Bay home values: what is my house worth?
- 10 coming-soon communities in Brevard County
Palm Bay guides & data
- Market data
- Cost of living
- Best neighborhoods (ranked by data)
- Best neighborhoods
- Flood zones
- Property taxes (Brevard County)
- Homestead exemption (Brevard County)
- Home insurance cost
Florida buyer guides
- Florida home insurance rates by county
- Florida property tax by county
- Florida property tax calculator
- What flood zone X means
- The 4-point inspection, explained
- Florida flood insurance calculator
- Florida housing market map
- Interactive housing market map (county, ZIP and community)
- Save Our Homes tax estimator
- How to stop a foreclosure in Florida
- Florida documentary stamp tax, explained
- Cheapest places to live in Florida
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Streets in this community
Street-level pages: every home on record, what sold and what is for sale on each street.
- Madras Drive (4 homes on record)
What it really costs to own in Malabar Springs
The parts of the monthly number a mortgage calculator leaves out, from the tax roll, the MLS, Citizens and FEMA. Property facts only.
| Property tax | Current owners' bills run a median of $666/yr across 6 listings here (MLS tax records, 2026-11-13). |
|---|---|
| HOA dues | MLS listings here mostly enter dues as billed annually, but the median entry is only $240/year across 9 listings (2026-11-13), which usually means a quarterly or monthly amount was entered as annual. Ask the association for the current dues. |
| Home and flood insurance | The average Citizens Property Insurance premium in Brevard County is $2,348/yr (6,986 policies, Citizens detail by county, April 2026); private-market quotes depend on roof age, wind mitigation and construction. Flood: of 11 listing addresses checked against the FEMA flood map, 9% sit outside the high-risk zone and 91% inside one, where flood insurance is required with a federally backed mortgage. Statewide, a Zone X flood policy runs about $500-$700/yr and a high-risk zone $1,200-$2,500/yr (FEMA Risk Rating 2.0 averages, not quotes). |
| Roof and age | Median build year 2026 across 6 listings. Newer roofs and current wind-mitigation features usually mean the lower end of insurance quotes. |
Email me new listings in Malabar Springs
One e-mail a day, only when a home lists here, with price, beds, baths and a link to every listing. Straight from the MLS feed; no account needed.
Ask an agent about Malabar Springs
Have a question about the homes, fees, rules or commute here? A Momentum agent who works Malabar Springs will answer, and the answer is published on this page for the next buyer.
Malabar Springs Market Scorecard
Malabar Springs is currently a seller's market (limited data). About 4.0 months of supply, a median asking price of $372,400.
Typical home value in the 32907 ZIP is $301,874, about 15.8% 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 2026-11-13. Refreshed twice daily. Market metrics only; these describe homes for sale and recent sales, not residents.
Frequently Asked Questions
How many homes are in Malabar Springs?
What share of Malabar Springs is owner-occupied?
Who is the best real estate agent for Malabar Springs?
How do I find a top Palm Bay real estate agent who knows Malabar Springs?
Can Momentum Realty connect me with an agent for Malabar Springs?
Where is Malabar Springs, and what county is it in?
Is Malabar Springs in a flood zone?
Should you buy in Malabar Springs?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Live listings | Space Coast MLS, refreshed twice daily (last: November 13, 2026) |
| Housing stock & ownership | Florida DOR assessment roll (community parcel extract) |
| Under-contract shares | Space Coast MLS records, as of 2026-07-12 |
Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.
Momentum Research figures are our own analysis of Space Coast MLS records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.
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