P M 5 Lots
Homes for Sale in Palm Bay, FL
All 1,178 homes for sale in Palm Bay, FL · median $340,325 · 185 homes for sale in 32905 · Brevard County homes for sale
True comps, carrying-cost math, and listings before the portals.
As of November 2026, the MLS records 26 closed sales in P M 5 Lots in Palm Bay, FL since 2005, the most recent in July 2024. Across Palm Bay as a whole, 4,617 homes closed in the last 12 months at a median of $318,325, 51 median days on market, with 1,249 homes for sale today. At that median and Brevard County's FY2025-26 rate of 15.6 mills, annual property tax runs about $4,970 ($4,340 with the full homestead exemption).
P M 5 Lots is a small pocket in Palm Bay with essentially no closing activity in the current window, which means there is no recent sales record to anchor a price. When a community trades this thinly, value is set deal-by-deal rather than by a running comp trend, and a single transaction can define the whole picture.
For a buyer, that thin data cuts both ways: less competition, but also less certainty about what a fair number looks like, so pricing has to be built up from the lot, the structure, and condition rather than pulled off a chart. For a seller, expect longer marketing and a buyer pool that will scrutinize the individual property closely, since there is little local comp cover to lean on.
Figures in this note are as of July 18, 2026. The live market numbers elsewhere on this page update nightly and are newer.
Nearby homes for sale
No active listings inside P M 5 LotsHomes for Sale in Palm Bay, FL right now. These are the 6 closest homes on the market, by straight-line distance from the community's center; some may sit just outside its boundary.
Listing data from the MLS feeds named on each listing page; deemed reliable but not guaranteed. Refreshed nightly.
The 60-Second Overview
P M 5 Lots is a small, quiet designation within Palm Bay in Brevard County. With no amenities identified from current MLS listings and no closings in the current window, it reads as a low-inventory, individual-property market rather than a defined community offering.
Space Coast MLS sales records identify 16 homes in P M 5 Lots that have changed hands since 2005, built between 1980 and 1992 (median 1984), with a median living area of about 1,567 sq ft and a typical 3-bedroom, 2-bath layout; 100% are single-family homes. Source: Space Coast MLS closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.
County records show 4 qualified sales in P M 5 Lots across 2024–2024, median $320,000 — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.
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.
Who P M 5 Lots is best for.
Best for
- Buyers who can assess a property on lot and condition without relying on recent local comps
- Buyers seeking a low-competition entry point in the broader Palm Bay area
- Owners planning a longer hold who do not need shared amenities
Probably not for
- Buyers who need a documented comp trend to feel confident on price
- Buyers wanting community amenities or HOA-managed features
- Sellers who need a fast, comp-driven sale rather than a patient marketing window
The market around P M 5 Lots
P M 5 Lots is too small for its own price trend, so here is the market around it.
In ZIP 32905, 266 homes are on the market and 23% are under contract — a steady corner of Palm Bay.
Across Brevard County, 4,132 homes are active and 1,477 pending (26% under contract).
In ZIP 32905 (Palm Bay), 715 homes closed in the last 12 months at a median of $320K ($193/sq ft), with a median 38 days on market. Right now 49 active and 18 pending listings. See the live ZIP 32905 housing market and the Brevard County market.
ZIP and county figures describe the wider market, not P M 5 Lots specifically. Momentum Research analysis of MLS records.
The P M 5 Lots buying strategy.
If we were buying in P M 5 Lots 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 P M 5 Lots.
A market you price one property at a time
The defining feature here is the absence of a data trail. No closings in the current window means there is no median to cite and no absorption rate to read, so anyone buying or selling is working with a near-blank comp sheet. That is not automatically bad — it just shifts the analysis onto the specific parcel, its condition, and what comparable Palm Bay properties nearby are doing.
There are also no community amenities identified from current MLS listings, so the value proposition is the home and its location within Palm Bay, not shared facilities or an HOA-managed lifestyle. Judge each opportunity on the lot, the structure, and its access to the broader Palm Bay area rather than on a community-level premium.
The location and the amenities are priced into every listing in P M 5 Lots. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a spot with no recent closings and no amenity story to lean on, the work is pricing from first principles — pulling the right nearby comparables, reading the specific parcel, and setting expectations on marketing time. That is exactly where a broker who will tell you the honest number matters more than a headline stat, and it is how we approach P M 5 Lots.
P M 5 Lots in 15 seconds.
HOA, CDD & Fees
- HOA status not on record. Verify any dues before you offer
- Any club/amenity membership is billed separately
Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.
Tools for a P M 5 Lots 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 P M 5 Lots sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in P M 5 Lots, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your P M 5 Lots home worth?
Get a no-obligation home value based on real comparable sales in P M 5 Lots, 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 →
| Location | Palm Bay, Brevard County, FL · ZIP 32905 |
|---|---|
| Homes in the community | 71 (FL DOR 2025 assessment roll) |
| Years built | 1974–2020 (median 1985) |
| Typical living area | 2,203 sq ft (median) |
| Owner-occupied (homestead) share | 72% |
Data as of September 20, 2026. Based on information from the Space Coast MLS for the period 2005 through 2024; housing-stock figures from Florida Department of Revenue public records. Market figures describe homes, not residents. Cite as: Momentum Realty, “P M 5 Lots key facts,” movewithmomentum.com/neighborhoods/p-m-5-lots, data as of September 20, 2026.
More Palm Bay home searches
- All homes for sale in Palm Bay, FL
- Homes for sale in Brevard County, FL
- 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?
- ZIP 32905 housing scorecard
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
Real estate agent in Palm Bay? Join Momentum in Palm Bay: 100% commission, one $12K cap.
Email me new listings in P M 5 Lots
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 P M 5 Lots
Have a question about the homes, fees, rules or commute here? A Momentum agent who works P M 5 Lots will answer, and the answer is published on this page for the next buyer.
Recent Developments in P M 5 Lots
Development, infrastructure, retail, and school activity affecting P M 5 Lots, 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 6 miles north of P M 5 Lots, 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 15 miles north of P M 5 Lots, 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 5 miles northeast of P M 5 Lots.
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 5 miles north of P M 5 Lots, 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 4 miles northwest of P M 5 Lots, 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 5 miles north of P M 5 Lots, 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.
Frequently Asked Questions
How many homes are in P M 5 Lots?
What share of P M 5 Lots is owner-occupied?
When were the homes in P M 5 Lots built?
Who is the best real estate agent for P M 5 Lots?
How do I find a top Palm Bay real estate agent who knows P M 5 Lots?
Can Momentum Realty connect me with an agent for P M 5 Lots?
Where is P M 5 Lots, and what county is it in?
Should you buy in P M 5 Lots?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Housing stock & ownership | Florida DOR assessment roll (street-list match (2 streets, ZIP 32905)) |
| Under-contract shares | Space Coast MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2005 (26 transactions analyzed) |
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.
Own a home here?
You just read the data. Now see what your home is worth.
The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. A Momentum agent can price yours against live local comps.
Looking to buy here? Search homes for sale →
What’s your home worth in your area?
A real valuation with real comps from a local listing agent, not an instant algorithm. Response within one business day.
See how P M 5 Lots fits the bigger picture — live prices, inventory, and Momentum Scores: