Palm Bay Ph 1
Homes for Sale in Tampa, FL
True comps, carrying-cost math, and listings before the portals.
Palm Bay Ph 1 is a small, built-out pocket of 79 homes in Tampa, constructed between 1994 and 2005 with a median build year around 1996. At a median of roughly 2,750 square feet, the housing stock skews toward larger floor plans, and that square footage is doing much of the work on price. With homes now two to three decades old, condition and updates — kitchens, roofs, systems — are where value separates. Expect a wide spread on price driven less by location within the community and more by how much work a given home has or has not had.
This is a thinly traded community: only a couple of closings inside our recent window, so any single sale swings the picture. That argues for patience on both sides. Sellers should price to condition and comparable square footage rather than to a headline number, and buyers should not assume the last sale sets the market. Low turnover here often tracks with high owner-occupancy — about 78% of homes carry a homestead exemption — which tends to keep inventory tight.
Who Palm Bay Ph 1 is best for.
Best for
- Long-hold buyers who value space and are comfortable owning a home built in the 1990s or early 2000s
- Buyers with budget or appetite to update an older home and capture the difference in value
- Those seeking a stable, built-out community with infrequent turnover rather than a fast-moving market
Probably not for
- Buyers set on new construction or the latest floor plans and finishes
- Investors looking for quick flips or high rental turnover, given the high owner-occupancy and thin trading
- Buyers who need a tightly bounded price with abundant recent comps to feel confident
The market around Palm Bay Ph 1
Palm Bay Ph 1 is a small community — 27 recorded sales on file, most recently in 2026 — too few for its own price trend. Here is the market around it.
Across Hillsborough County, 5,970 homes are active and 2,046 pending (26% under contract).
Homes here are single family residence.
ZIP and county figures describe the wider market, not Palm Bay Ph 1 specifically. Momentum Research analysis of MLS records.
The Palm Bay Ph 1 buying strategy.
If we were buying in Palm Bay Ph 1 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 Palm Bay Ph 1.
Square footage and condition set the price
The defining trait here is size: a median living area near 2,757 square feet puts these homes among the more generous floor plans you'll find in this vintage. Because the community was built over a roughly decade-long span and every home is now well past 20 years old, the practical question for a buyer is not location but updates. Two homes of similar size can sit far apart on price depending on roof age, HVAC, and whether the kitchen and baths have been touched.
With about 78% of homes homesteaded, this reads as a long-hold, owner-occupied community rather than an investor churn. That combination — larger homes, older stock, high owner-occupancy — means well-maintained turnkey listings tend to stand out and move, while dated homes sit until priced for the work they need. Because so few homes trade in a given window, comps are scarce; a serious buyer or seller should look at square footage and condition first, recent sales second.
The location and the amenities are priced into every listing in Palm Bay Ph 1. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
Thinly traded communities are where a local read matters most. With only a couple of closings in our recent window, off-the-shelf pricing tools have almost nothing to work with — the difference between a fair number and a guess comes down to reading condition against square footage and knowing what the last comparable home actually needed. We price to that reality and tell you plainly when a listing is over its skis or a purchase is worth the renovation math.
Palm Bay Ph 1 in 15 seconds.
HOA, CDD & Fees
- Mandatory HOA — confirm current dues
- 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 Palm Bay Ph 1 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 Palm Bay Ph 1 sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Palm Bay Ph 1, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Palm Bay Ph 1 home worth?
Get a no-obligation home value based on real comparable sales in Palm Bay Ph 1, 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 Palm Bay Ph 1 on the map →
Frequently Asked Questions
How many homes are in Palm Bay Ph 1?
What share of Palm Bay Ph 1 is owner-occupied?
When were the homes in Palm Bay Ph 1 built?
Do cash buyers compete in Palm Bay Ph 1?
Who is the best real estate agent for Palm Bay Ph 1?
How do I find a top Tampa real estate agent who knows Palm Bay Ph 1?
Can Momentum Realty connect me with an agent for Palm Bay Ph 1?
Should you buy in Palm Bay Ph 1?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Housing stock & ownership | Florida DOR 2025 assessment roll (street-list match (3 streets, ZIP 33615)) |
| Under-contract shares | Stellar MLS records, as of 2026-07-12 |
| Historical depth | Closed-sale records back to 2013 (14 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 Stellar 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 Stellar MLS member average and 8 days faster, and we’ll price yours against live your area 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.