Rhum Cove
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, Rhum Cove in Palm Bay, FL has 4 homes for sale. As of October 2026, the MLS records 64 closed sales in Rhum Cove in Palm Bay, FL since 2005, the most recent in March 2025. Recorded prices since 2024 ran from $305,000 to $450,000 (median $357,000), on homes of 1,480 to 1,580 sq ft. 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 $5,570 ($4,950 with the full homestead exemption).
Rhum Cove is a gated waterfront enclave in Palm Bay with four active listings and no recent closings in our snapshot window. The amenity package - marina, boat slips and dock, tennis, sauna, clubhouse - positions this as a boat-owner's community on the Space Coast, and pricing reflects that waterfront premium plus gate and facilities. Without recent sales, we're pricing off list behavior and broker insight, not closed comps.
Four actives in a small marina community can mean either careful inventory discipline or softer absorption; context matters. If you're shopping here, confirm slip availability, HOA marina rules, and whether your target unit has assigned or deeded water access. For sellers, staging the boating lifestyle and pricing against current list competition - not stale comps - will be critical.
The 60-Second Overview
Rhum Cove is a gated, waterfront community in Palm Bay built around a marina and boat access, with a full clubhouse amenity set including fitness, tennis, sauna, and pool - positioning it squarely for buyers prioritizing on-water living on the Space Coast.
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 Rhum Cove. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
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Rhum CovePhotos from Space Coast MLS listings in Rhum Cove; content deemed reliable but not guaranteed.
Who Rhum Cove is best for.
Best for
- Boat owners looking for deeded or assigned slip access and gated security in Palm Bay
- Second-home or seasonal buyers who want a full amenity set and lock-and-leave convenience
- Buyers comfortable with waterfront HOA fees and willing to verify marina rules and reserve funding before closing
Probably not for
- Buyers who need multiple recent comps and active inventory churn to feel confident in pricing
- Anyone prioritizing walkable dining, shopping, or nightlife over on-water access
- Buyers seeking the lowest possible HOA overhead or single-family detached product with no shared facilities
The market around Rhum Cove
Rhum Cove 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 Rhum Cove specifically. Momentum Research analysis of MLS records.
Housing distress & ownership in Rhum Cove, Palm Bay
Who owns here, how much is not owner-occupied, and how much for-sale inventory is under distress.
Source: Momentum Realty Research. Ownership & parcels from the FL DOR 2025 tax roll; distress from MLS active-listing status/remarks; price from MLS closed sales. Based on information from the Space Coast MLS for the period October 2026 through October 2026. Deemed reliable but not guaranteed.
The real cost & risk here
Before the list price, the Florida math the portals skip. These are Brevard County typicals — your exact home, flood zone, and insurance quote will vary, so verify each before you offer.
Check it for your address: look up your flood zone (FEMA) · insurance by county · true-cost calculator · Brevard County scorecard.
County typicals from Momentum’s Florida housing data (Zillow & Realtor.com aggregates, Census, FRED), updated monthly; insurance modeled. Flood zone is property-specific — always confirm via FEMA.
23% of homes for sale in ZIP 32905 are already under contract (under contract ÷ under contract + active listings) — a read on how much of the available inventory buyers have already claimed. Source: MLS data (2026-10-02).
Rhum Cove Market Scorecard
Rhum Cove is currently a buyer-leaning market (limited data). Limited supply, a median asking price of $384,500.
Typical home value in the 32905 ZIP is $235,038, about 16.3% 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 2026-10-02. Refreshed twice daily. Market metrics only; these describe homes for sale and recent sales, not residents.
Homes For Sale Right Now in Rhum Cove
Live MLS inventory for Rhum Cove. 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.
Active and pending Rhum Cove listings as of 2026-10-01, priced high to low. Based on information from the Space Coast MLS for the period %s through %s. Tap any home to ask about it.
Life at Rhum Cove
- Fitness Center · reported on 4 of 4 listings
- Gated · reported on 4 of 4 listings
- Marina · reported on 4 of 4 listings
- Sauna · reported on 4 of 4 listings
- Pool · reported on 4 of 4 listings
- Clubhouse · reported on 3 of 4 listings
- Water · reported on 3 of 4 listings
- Boat Dock · reported on 3 of 4 listings
- Boat Slip · reported on 3 of 4 listings
- Tennis Court(s) · reported on 3 of 4 listings
- Security Gate · reported on 3 of 4 listings
- Elevator(s) · reported on 2 of 4 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
- Stone · Middle
- Palm Bay · High
Zoned schools reflect the assignments reported on recent Rhum Cove 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 Rhum Cove address.
Shop the zone: Homes zoned for Palm Bay High School
The Rhum Cove buying strategy.
If we were buying in Rhum Cove 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 Rhum Cove.
Marina access and the gated waterfront premium
The defining characteristic here is water access. Rhum Cove includes a marina, boat dock, and boat slips, and many units come with elevators - signaling mid-rise or multi-story construction typical of waterfront condo or townhome product. The gate, clubhouse, fitness center, tennis courts, sauna, and car wash area round out a package designed for lock-and-leave boaters or second-home buyers who want resort-style living without leaving the property.
Palm Bay sits south of Melbourne along the Indian River Lagoon and Atlantic coast corridor. Rhum Cove's waterfront position offers direct or near-direct access to the Intracoastal, a major draw for sport fishermen, cruisers, and weekend sailors. The trade-off: HOA fees will reflect marina maintenance, gate staffing, and amenity upkeep, so budget accordingly.
With only four active listings and no closings in the current window, inventory is thin. That can reflect either a tightly held community where owners stay put, or a niche product with selective appeal. Either way, buyers have limited choice right now, and sellers face minimal on-market competition but will need to justify their ask without fresh comp support. Verify slip assignments, hurricane preparation protocols, and any pending special assessments before you write an offer.
The location and the amenities are priced into every listing in Rhum Cove. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
Waterfront HOA communities demand diligence most brokers skip: slip deed vs. lease, hurricane insurance master-policy exclusions, marina dredging schedules, and reserve-study health. Momentum agents pull documents before you tour, confirm what access your unit actually conveys, and price against the broader Space Coast marina market - not just the four listings inside the gate. We also know when to walk you away from a deal that looks good on paper but hides deferred maintenance or governance risk. If you're serious about water access in Brevard, you want a broker who reads budgets as closely as disclosures.
Rhum Cove 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 Rhum Cove 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 Rhum Cove sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Rhum Cove, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Rhum Cove home worth?
Get a no-obligation home value based on real comparable sales in Rhum Cove, 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 →
Should you buy in Rhum Cove?
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: October 1, 2026) |
| Under-contract shares | Space Coast MLS records, as of 2026-07-12 |
| Historical depth | Closed-sale records back to 2005 (64 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.
Looking to buy here? Search homes for sale →
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A real valuation with real comps from a local listing agent, not an instant algorithm. Response within one business day.
See how Rhum Cove fits the bigger picture — live prices, inventory, and Momentum Scores:
Nearby Communities
Explore more neighborhoods near Rhum Cove with Momentum Realty’s local guides.
Common questions about Rhum Cove
Where is Rhum Cove?
Rhum Cove is a community in Palm Bay, Brevard County, Florida.
Are there homes for sale in Rhum Cove right now?
Yes - 4 active and 0 pending listings as of the last feed refresh (twice daily). They are listed on this page.
Does Rhum Cove have an HOA or CDD?
No HOA is on record for Rhum Cove in our data. Verify dues, what they cover, and any special assessment for a specific address before you offer.
Answers are generated from county property records, MLS feeds and the figures on this page, as of the page date; deemed reliable but not guaranteed.