Port Malabar Unit 8
Homes for Sale in Palm Bay, FL

Port Malabar Unit 8 market snapshot (as of July 15, 2026): the median sale price is about $291K ($195 per sq ft over the trailing 12 months of closed sales), and a median 33 days on market for closed sales. The trailing-12-month median is down 15% from the prior 12 months and up 288% since 2012, computed from record-level Space Coast MLS closed sales (28 closings in the current window).

Port Malabar Unit 8 sits within Palm Bay in Brevard County, and its appeal is the house-and-lot fundamentals rather than shared amenities — there are none identified from current listings. The long arc is notable: values are up 288% since 2012, even with the recent pullback.

The two numbers to hold together are the 15.3% year-over-year decline and the 288% gain since 2012. The recent softening is real, but it comes after a long climb, so it reads more as a reset than a collapse. For a buyer, that combination is the argument for patience and inspection; for a seller, it is the argument against anchoring to last year's comps.

With a heat score of 30 and a median of about 32 days on market, this is a negotiate-and-verify environment. Roughly 28 closings in the window is a modest sample, which means individual sales can swing the medians — treat the $291,000 figure as a center of gravity, not a fixed rate card, and let each home's condition and square footage set the real number.

In a condition-driven market with a thin closing sample, the median only gets you partway. We price and evaluate the specific house — its updates, its square footage, its comparables — rather than leaning on a headline number, and in a cooler market that discipline is where buyers save and sellers avoid sitting.

Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.