Richmond Cove
Homes for Sale in Palm Bay, FL
All 1,176 homes for sale in Palm Bay, FL · median $340,000 · Brevard County homes for sale
True comps, carrying-cost math, and listings before the portals.
Photo via Space Coast MLS
As of November 2026, Richmond Cove in Palm Bay, FL has 13 homes for sale and 1 pending, asking from $274,990 to $331,990 (median $307,990). Homes listed or recently sold were built 2025 - 2026 with 22 new construction; 24 of 24 report an HOA (median $128/mo); 7 of the 24 geocoded homes sit in a FEMA special flood hazard zone (median elevation 20 ft).
Last 30 days in Richmond Cove: 1 under contract right now, 2 closed sales (median $306,990). As of November 11, 2026, Listing data provided by the Space Coast Multiple Listing Service. Information is deemed reliable but is not guaranteed by the MLS to be accurate.
Homes For Sale Right Now in Richmond Cove
Live MLS inventory for Richmond 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.
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PendingActive and pending Richmond Cove listings as of 2026-11-11, priced high to low. Based on information from the Space Coast MLS. Tap any home to ask about it.
Richmond Cove Palm Bay is an 86-home community in Palm Bay with eight active listings and nineteen months of supply - a pronounced buyer-leaning market. The homestead share is zero percent, meaning no owner-occupied primaries are on record in the current snapshot; this points to a rental or investor-held base, or perhaps a vacation/second-home orientation. Either way, the absence of homesteaded properties tells you this is not a traditional owner-resident neighborhood at the moment.
That dynamic usually depresses organic demand and extends time-on-market. Condition, deferred maintenance, and tenant occupancy often become the decisive variables in pricing. With supply at this level, a buyer has negotiating room and the time to inspect carefully. For a seller, it's a market that rewards realistic pricing and property preparation; aspirational asks will languish.
Figures in this note are as of July 16, 2026. The live market numbers elsewhere on this page update nightly and are newer.
Richmond Cove right now
🟢 Buyer-leaning market. 19.2 months of supply and 27% of the inventory already under contract give buyers above-average negotiating leverage.Why it matters: months of supply is how long today's inventory would last at today's sales pace; under-contract share is the portion of homes for sale that already have a buyer.Momentum Research analysis of Space Coast MLS records, as of July 15, 2026. Confidence: Medium (11 active and pending listings, 0 closed sales in 12 months).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
· Updated November 12, 2026 · Live data: Space Coast MLS, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
The 60-Second Overview
Richmond Cove Palm Bay is a small, 86-home community in Brevard County with a current zero-homestead profile and deep inventory - the kind of market where buyer leverage is real and property condition drives every negotiation.
Flood zones in Richmond Cove: of 16 listing addresses checked against the FEMA National Flood Hazard Layer, 56% sit outside the FEMA Special Flood Hazard Area (Zone X); 44% are in an A-series high-risk zone where flood insurance is required with a federally backed mortgage. Individual parcels vary - verify any specific address at msc.fema.gov. See flood zones by neighborhood in Palm Bay.
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 Richmond Cove. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
Richmond Cove
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Richmond CoveRichmond CovePhotos from Space Coast MLS listings in Richmond Cove; content deemed reliable but not guaranteed.
Who Richmond Cove is best for.
Best for
- Investors seeking cash-flowing rentals in a market with negotiating room and extended due diligence windows
- Buyers with renovation budgets who can capitalize on deferred maintenance and tenant turnover to acquire below retail
- Second-home or occasional-use buyers comfortable with an investor-oriented HOA and minimal owner occupancy
Probably not for
- Primary-residence buyers expecting a homesteaded, owner-occupied neighborhood with long-term stability
- Buyers who need move-in-ready condition and want to avoid tenant-occupied showings or lease assignment complexity
- Anyone prioritizing community cohesion, neighbor engagement, or a traditional residential feel
The market around Richmond Cove
Richmond 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 Richmond Cove specifically. Momentum Research analysis of MLS records.
Richmond Cove on the map.
Every active, pending, and recently sold home, plotted. Toggle the layers and tap a home for the details.
Listing locations from Space Coast MLS. Map data © OpenStreetMap contributors.
Life at Richmond Cove
- Pickleball · reported on 16 of 16 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
- Westside · Elementary
- Southwest · Middle
- Bayside · High
Zoned schools reflect the assignments reported on recent Richmond 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 Richmond Cove address.
Shop the zone: Homes zoned for Bayside High School
Recent Developments in Richmond Cove
Development, infrastructure, retail, and school activity affecting Richmond Cove, 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 site is about 2 miles west of Richmond Cove.
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 site is about 9 miles northwest of Richmond Cove.
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 4 miles southeast of Richmond Cove.
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 site is about 2 miles southwest of Richmond Cove.
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 southwest of Richmond Cove, 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 site is about 2 miles southwest of Richmond Cove.
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.
The Richmond Cove buying strategy.
If we were buying in Richmond 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.
Use your leverage. With inventory sitting, there is room to negotiate on anything dated or overpriced and to ask for repairs or a rate buydown.
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 Richmond Cove.
What drives value in a non-homesteaded enclave
With no homesteaded properties, Richmond Cove Palm Bay reads as a rental or investor pocket, which shapes both pricing and property quality. Buyers should budget for inspection surprises and tenant-occupied showings; sellers need to recognize that comps will skew toward deferred maintenance and investor-grade finish.
The community offers pickleball as an amenity - verify current access and condition with the HOA, as management and upkeep can vary. Location is Palm Bay, which means inland Brevard positioning; you're not on the beach, but you're within a reasonable drive of Space Coast access points.
With eight active listings and nineteen months of supply, this is a market that punishes overpricing and rewards patience. Buyers can afford to wait for the right unit in the right condition; sellers who price to move will capture the serious interest. The lack of homesteaded primaries also signals a different kind of neighbor dynamic - expect turnover, rental occupancy, and fewer long-term owner-residents.
The location and the amenities are priced into every listing in Richmond Cove. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a non-homesteaded, investor-heavy market like this, you need a broker who knows how to read rental comps, assess deferred maintenance, and structure offers that account for tenant occupancy and HOA compliance. Momentum brings the due diligence and the honest conversation about whether a property is priced for its actual condition - or for wishful thinking. We'll walk the property, pull the numbers, and tell you when to walk away.
Richmond Cove in 15 seconds.
Tools for a Richmond 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 Richmond Cove sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Richmond 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 Richmond Cove home worth?
Get a no-obligation home value based on real comparable sales in Richmond 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 →
Recently off market in Richmond Cove
Homes in Richmond Cove that recently left the market. Each address opens its public-record profile: county-recorded value, property taxes, the last recorded sale, community sales history, and what is for sale nearby now. 4 on record.
- 483 Oakleaf Street · off market
- 641 SW Richmond Circle · off market
- 962 SW Richmond Circle · off market
- 972 SW Richmond Circle · off market
| Location | Palm Bay, Brevard County, FL |
|---|---|
| Homes in the community | 86 (FL DOR 2025 assessment roll) |
| Home types (current listings and sales) | single-family 100% |
| Amenities listed by sellers | Pickleball |
| For sale right now | 8 active, 3 pending · median asking $334,990 · 19.2 months of supply |
| Owner-occupied (homestead) share | 0% |
Data as of July 15, 2026. Based on information from the Space Coast MLS for the period %s through %s; housing-stock figures from Florida Department of Revenue public records. Market figures describe homes, not residents. Cite as: Momentum Realty, “Richmond Cove key facts,” movewithmomentum.com/neighborhoods/richmond-cove-palm-bay, data as of July 15, 2026.
Just listed in Richmond Cove
The newest homes for sale in Richmond Cove right now, newest first. Each link opens the full listing with every photo, the price history and a tour request.
- 971 SW Richmond Circle $319,990 · 4 bd · 2 ba · 1,806 sq ft · new today Courtesy of Holiday Builders Gulf Coast
- 961 SW Richmond Circle $304,990 · 3 bd · 2 ba · 1,525 sq ft · new today Courtesy of Holiday Builders Gulf Coast
- 941 SW Richmond Circle $319,990 · 4 bd · 2 ba · 1,806 sq ft · new today Courtesy of Holiday Builders Gulf Coast
- 582 SW Richmond Circle $290,990 · 3 bd · 2 ba · 1,250 sq ft · new today Courtesy of Holiday Builders Gulf Coast
- 981 SW Richmond Circle $309,990 · 3 bd · 2 ba · 1,552 sq ft · new today Courtesy of Holiday Builders Gulf Coast
- 931 SW Richmond Circle $307,990 · 3 bd · 2 ba · 1,552 sq ft · new today Courtesy of Holiday Builders Gulf Coast
Checked against the MLS nightly. All new listings in this market.
Every Home for Sale in Richmond Cove Palm Bay Right Now (14)
All 14 active and pending Richmond Cove Palm Bay listings with a detail page, newest first, refreshed twice a day from the MLS.
- 971 SW Richmond Circle · $319,990 · 4 bd / 2 ba · listed Aug 13, 2026 · listed by Holiday Builders Gulf Coast
- 961 SW Richmond Circle · $304,990 · 3 bd / 2 ba · listed Aug 13, 2026 · listed by Holiday Builders Gulf Coast
- 941 SW Richmond Circle · $319,990 · 4 bd / 2 ba · listed Aug 13, 2026 · listed by Holiday Builders Gulf Coast
- 582 SW Richmond Circle · $290,990 · 3 bd / 2 ba · listed Aug 13, 2026 · listed by Holiday Builders Gulf Coast
- 981 SW Richmond Circle · $309,990 · 3 bd / 2 ba · listed Aug 13, 2026 · listed by Holiday Builders Gulf Coast
- 931 SW Richmond Circle · $307,990 · 3 bd / 2 ba · listed Aug 13, 2026 · listed by Holiday Builders Gulf Coast
- 601 SW Richmond Circle · $284,990 · 3 bd / 2 ba · listed Aug 13, 2026 · listed by Holiday Builders Gulf Coast
- 591 SW Richmond Circle · $286,990 · 2 bd / 2 ba · listed Aug 13, 2026 · listed by Holiday Builders Gulf Coast
- 652 SW Richmond Circle · $297,990 · 3 bd / 2 ba · listed Aug 13, 2026 · listed by Holiday Builders Gulf Coast
- 621 SW Richmond Circle · $274,990 · 3 bd / 2 ba · listed Aug 13, 2026 · listed by Holiday Builders Gulf Coast
- 671 SW Richmond Circle · $313,990 · 3 bd / 2 ba · listed Aug 13, 2026 · listed by Holiday Builders Gulf Coast
- 872 SW Richmond Circle · $331,990 · 4 bd / 2 ba · listed Aug 13, 2026 · listed by Holiday Builders Gulf Coast
- 622 SW Richmond Circle · $329,990 · 4 bd / 2 ba · listed Aug 13, 2026 · listed by Holiday Builders Gulf Coast
- 921 SW Richmond Circle · $329,990 · 4 bd / 2 ba · pending · listed Aug 13, 2026 · listed by Holiday Builders Gulf Coast
Recently sold in Richmond Cove Palm Bay
- 641 Sw Richmond Circle · sold $294,990
- 962 Sw Richmond Circle · sold $318,990
- 972 Sw Richmond Circle · sold $310,000
Closed sales from the MLS; each page shows the sold price, taxes and value history.
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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
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Streets in this community
Street-level pages: every home on record, what sold and what is for sale on each street.
- SW Richmond Circle (18 homes on record)
What it really costs to own in Richmond Cove
The parts of the monthly number a mortgage calculator leaves out, from the tax roll, the MLS, Citizens and FEMA. Property facts only.
| Property tax | Current owners' bills run a median of $160/yr across 6 listings here (MLS tax records, 2026-11-12). |
|---|---|
| HOA dues | Median $1,479/year (about $123/month) across 12 MLS listings (most billed annually; 2026-11-12). Dues cover what the documents say they cover; ask for the budget and reserve study. |
| Home and flood insurance | The average Citizens Property Insurance premium in Brevard County is $2,348/yr (6,986 policies, Citizens detail by county, April 2026); private-market quotes depend on roof age, wind mitigation and construction. Flood: of 16 listing addresses checked against the FEMA flood map, 56% sit outside the high-risk zone and 44% inside one, where flood insurance is required with a federally backed mortgage. Statewide, a Zone X flood policy runs about $500-$700/yr and a high-risk zone $1,200-$2,500/yr (FEMA Risk Rating 2.0 averages, not quotes). |
| Roof and age | Median build year 2025 across 10 listings. Newer roofs and current wind-mitigation features usually mean the lower end of insurance quotes. |
Estimated carrying cost at the median asking price, before the mortgage: about $332/month (tax $13, HOA $123, insurance $196). An estimate from the sources above, not a quote.
Email me new listings in Richmond Cove
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 Richmond Cove
Have a question about the homes, fees, rules or commute here? A Momentum agent who works Richmond Cove will answer, and the answer is published on this page for the next buyer.
7% of homes for sale in Richmond Cove 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 (2026-11-12).
Richmond Cove Market Scorecard
Richmond Cove is currently a buyer-leaning market. About 15.6 months of supply, a median asking price of $307,990.
Typical home value in the 32908 ZIP is $317,836, about 16.2% 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 2026-11-11. Refreshed twice daily. Market metrics only; these describe homes for sale and recent sales, not residents.
Frequently Asked Questions
Is Richmond Cove a buyer's or seller's market right now?
How many homes are in Richmond Cove?
What share of Richmond Cove is owner-occupied?
Who is the best real estate agent for Richmond Cove?
How do I find a top Palm Bay real estate agent who knows Richmond Cove?
Can Momentum Realty connect me with an agent for Richmond Cove?
Where is Richmond Cove, and what county is it in?
Is Richmond Cove in a flood zone?
Should you buy in Richmond 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: November 11, 2026) |
| Housing stock & ownership | Florida DOR assessment roll (community parcel extract) |
| Under-contract shares | Space Coast MLS records, as of 2026-07-12 |
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.
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