P M 5 Lots
Homes for Sale in Palm Bay, FL
All 1,168 homes for sale in Palm Bay, FL · median $342,995 · 197 homes for sale in 32905 · Brevard County homes for sale
True comps, carrying-cost math, and listings before the portals.
As of October 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, 398 homes closed in the last 12 months at a median of $318,325, 53 median days on market, with 179 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).
| 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.
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.
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), 2,169 homes closed in the last 12 months at a median of $319K ($189/sq ft), down 1.8% year over year, with a median 51 days on market. Right now 101 active and 29 pending listings put supply at about 4.7 months — a balanced market. 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.
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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. Momentum sells for 1.25% above the Space Coast MLS member average and 8 days faster, and we’ll price yours against live local comps.
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Nearby Communities
Explore more neighborhoods near P M 5 Lots with Momentum Realty’s local guides.