SunTerra Lakes
Homes for Sale in Palm Bay, FL
All 1,154 homes for sale in Palm Bay, FL · median $342,995 · 467 homes for sale in 32909 · Brevard County homes for sale
True comps, carrying-cost math, and listings before the portals.
SunTerra Lakes is a community in Palm Bay, Brevard County, FL (ZIP 32909). 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).
As of this snapshot, SunTerra Lakes has no resale history to read, and that is expected: it is a master-planned community that had not delivered homes when we last checked. Public filings describe a very large program — on the order of 3,246 single-family homes on just over 1,100 acres at Babcock Street and Micco Road in far-south Palm Bay.
For a buyer, the signals that matter now are entitlement progress and the eventual builder lineup and base pricing, none of which were public at last check. A project of this size typically opens in phases over many years, so the earliest sections and lot releases are worth tracking rather than waiting for full build-out.
The 60-Second Overview
SunTerra Lakes is an announced master-planned community in far-south Palm Bay, Brevard County, planned by SunTerra Communities with finance partner JEN Partners at Babcock Street and Micco Road. Public filings and GrowthSpotter coverage describe roughly 3,246 single-family homes across just over 1,100 acres, plus a commercial center of about 398,000 square feet anchored by a planned 125-acre lake. The developer had targeted a groundbreaking window as entitlement advanced; individual home builders and base pricing were not yet public at last check. Because no homes have closed, this page tracks the community's launch rather than a pricing picture.
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 market around SunTerra Lakes
In ZIP 32909 (Palm Bay), 2,098 homes closed in the last 12 months at a median of $319K ($189/sq ft), down 1.5% year over year, with a median 51 days on market. Right now 55 active and 12 pending listings put supply at about 4.7 months — a balanced market. See the live ZIP 32909 housing market and the Brevard County market.
ZIP and county figures describe the wider market, not SunTerra Lakes specifically. Momentum Research analysis of MLS records.
Who SunTerra Lakes is best for.
Best for
- Buyers targeting new single-family construction in south Palm Bay who can wait through a phased opening
- Shoppers who want to be early on lot selection in a large master plan
- Buyers comfortable making decisions before builders and base pricing are publicly named
Probably not for
- Buyers who need a completed home to tour and close on a short timeline
- Anyone who wants an established community with recorded resale history to price against
- Buyers who require confirmed builder, HOA and CDD figures before they will engage
SunTerra Lakes: what we know so far
SunTerra Lakes is not selling yet. There are no active listings and no recorded resales, so every number on this page comes from public records, county approvals and builder announcements, and is dated. We re-verify status on every rebuild.
| Developer | SunTerra Communities (with JEN Partners) |
|---|---|
| Community type | Master-planned single-family |
| ZIP | 32909 |
| County | Brevard County, Florida |
| Last verified | July 31, 2026 |
| Source | discovery-2026-07-31 Brevard region |
Status note: Pre-launch / coming-soon new-construction community: no Stellar MLS resale listings exist yet, so the four MLS keeper signals cannot fire. clear or set upcoming=false once the community has its own Stellar listings. Coordinates are approximate to the announced/marketed location.
Get the SunTerra Lakes early list
Lot releases, first pricing and builder incentives, the day we hear. One email when something changes, nothing else.
Not ready to wait? See what is selling in Palm Bay right now →
Life at SunTerra Lakes
- Central lake · Planned ~125-acre lake as the community's central feature
- Commercial / mixed-use center · Planned ~398,000 sf commercial center within the master plan
Planned amenities based on builder announcements and public filings; subject to change until built and delivered. Verify current plans with the builder.
Recent Developments in SunTerra Lakes
Development, infrastructure, retail, and school activity affecting SunTerra Lakes, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated April 2025.
- March 2024Land Acquisition
SunTerra Communities closes $28.75M land buy in south Brevard
GrowthSpotter reported SunTerra Communities and finance partner JEN Partners closed a $28.75 million purchase of just over 1,100 acres near Palm Bay for a new mixed-use community named SunTerra Lakes, at Babcock Street and Micco Road. Filings describe 3,246 single-family homes plus a roughly 398,000-square-foot commercial center anchored by a 125-acre lake.
What it may mean for the marketA land closing at this scale moves the project from concept toward entitlement and site work, and signals a large new single-family supply in far-south Palm Bay.
Source: GrowthSpotter - April 2025Development
SunTerra Lakes and Ashton Park near groundbreaking in south Palm Bay
Local coverage described SunTerra Lakes and the neighboring Ashton Park project approaching groundbreaking, with SunTerra targeting a start at Babcock Street and Micco Road as entitlement and development agreements advanced.
What it may mean for the marketGroundbreaking timing indicates first horizontal work may begin before home builders and base pricing are publicly named.
Source: The Palm Bayer
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 SunTerra Lakes buying strategy.
If we were buying in SunTerra Lakes 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 SunTerra Lakes.
A very large south-Palm-Bay plan
The headline detail is scale. At roughly 3,246 single-family homes on 1,100-plus acres, SunTerra Lakes is one of several large master plans reshaping the Babcock Street / Micco Road corridor in far-south Palm Bay, alongside the neighboring Ashton Park project. A program this size is delivered in phases, which means lot selection, product mix, and pricing will evolve section by section over a long horizon.
The plan pairs housing with a commercial component — about 398,000 square feet of commercial space — organized around a central lake of roughly 125 acres. That structure suggests the developer intends everyday retail and a water feature inside the community rather than housing alone, though specifics remain subject to the entitlement process.
Several things are genuinely unknown at this stage and should be confirmed in writing before any commitment: the individual home builders, base pricing, HOA structure, and whether a Community Development District (CDD) will finance infrastructure. New Palm Bay master plans of this size frequently use a CDD, but only the recorded documents — not a sales estimate — are reliable.
The location and the amenities are priced into every listing in SunTerra Lakes. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
For a large phased master plan, the value of a local agent is early information and timing. We track entitlement milestones and builder announcements so you learn which section and which builder opens first, and can get on interest lists before the initial lot releases.
We also read the fine print buyers often miss on new master plans — the likely CDD assessment, HOA budget, and phase sequencing — so the monthly cost you underwrite reflects the recorded documents rather than an early estimate.
SunTerra Lakes 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 SunTerra Lakes 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 SunTerra Lakes sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in SunTerra Lakes, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your SunTerra Lakes home worth?
Get a no-obligation home value based on real comparable sales in SunTerra Lakes, 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 SunTerra Lakes?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Community record | public records & builder filings listing records: the community is present in the MLS feed; no closed sale is on record in our archive yet, so no price statistics are shown |
Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.
Momentum Research figures are our own analysis of public records & builder filings 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 public records & builder filings member average and 8 days faster, and we’ll price yours against live local comps.
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More Palm Bay & Space Coast / Brevard County guides
Compare before you commit - every guide covers pricing, HOA/CDD, insurance posture, and fit. Browse all of Space Coast / Brevard County or the full Neighborhood Finder.
See how SunTerra Lakes fits the bigger picture — live prices, inventory, and Momentum Scores:
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.