Tropicana
Homes for Sale in Palm Bay, FL
All 1,176 homes for sale in Palm Bay, FL · median $340,000 · 192 homes for sale in 32905 · Brevard County homes for sale
True comps, carrying-cost math, and listings before the portals.
Photo via Space Coast MLS
As of November 2026, Tropicana Subd in Palm Bay, FL has 1 home for sale. As of November 2026, the MLS records 1 closed sale in Tropicana Subd in Palm Bay, FL, the most recent in July 2026. Across Palm Bay as a whole, 4,617 homes closed in the last 12 months at a median of $318,325, 51 median days on market, with 1,247 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).
Tropicana Subd is a small pocket in Palm Bay, and the honest starting point is that the current MLS snapshot is thin. As of mid-July 2026, there are no closings in the window we track and no community amenities surfacing from the listing data, so anyone pricing here is working off condition and lot specifics far more than off a deep comp set.
That thinness cuts both ways. For a seller, it means pricing has to be built from the ground up on the merits of the individual home rather than a run of recent neighborhood sales. For a buyer, it means patience and a willingness to underwrite the property itself, because the neighborhood is not handing you a tidy pricing signal right now.
Figures in this note are as of July 18, 2026. The live market numbers elsewhere on this page update nightly and are newer.
Tropicana right now
🟢 Buyer-leaning market. 12.0 months of supply and 0% 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 November 8, 2026. Confidence: Low (1 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
Tropicana Subd is a modest Palm Bay subdivision in Brevard County where, right now, value is a home-by-home conversation — the current listing data shows no shared amenities and no recent closings to anchor expectations.
Space Coast MLS sales records identify 29 homes in Tropicana that have changed hands since 2004, built between 1960 and 2003 (median 1977), with a median living area of about 1,849 sq ft and a typical 3-bedroom, 2-bath layout; 100% are single-family homes. Source: Space Coast MLS closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.
County records show 5 qualified sales in Tropicana across 2024–2025 (3 in 2024, 2 in 2025), median $385,000 — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.
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.
Who Tropicana is best for.
Best for
- Buyers who want a quiet Palm Bay subdivision and will judge value on the specific home
- Value-focused buyers willing to take on a dated property and price the upside themselves
- Long-hold buyers who care more about the house and lot than about a neighborhood premium
Probably not for
- Buyers who need a run of recent comparable sales to feel confident on price
- Buyers who want built-in community amenities like a pool, gym, or clubhouse
- Sellers hoping a neighborhood trend will do the pricing work for them
The market around Tropicana
Tropicana is too small for its own price trend, so here is the market around it.
In ZIP 32905, 251 homes are on the market and 23% are under contract — a steady corner of Palm Bay.
Across Brevard County, 4,089 homes are active and 1,281 pending (24% under contract).
In ZIP 32905 (Palm Bay), 715 homes closed in the last 12 months at a median of $320K ($193/sq ft), with a median 38 days on market. Right now 49 active and 18 pending listings. See the live ZIP 32905 housing market and the Brevard County market.
ZIP and county figures describe the wider market, not Tropicana specifically. Momentum Research analysis of MLS records.
Homes For Sale Right Now in Tropicana
Live MLS inventory for Tropicana. 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 Tropicana listings as of 2026-11-09, priced high to low. Based on information from the Space Coast MLS for the period 2026 through 2026. Tap any home to ask about it.
Schools
- Brevard County Public Schools
- Verify the zoned schools by address
- Magnet and choice options may be available
- Rivieria · Elementary
- Stone · Middle
- Palm Bay · High
Zoned schools reflect the assignments reported on recent Tropicana 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 Tropicana address.
The Tropicana buying strategy.
If we were buying in Tropicana 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 Tropicana.
A data-thin pocket
The defining feature of Tropicana Subd today is what the data does not show. No community amenities are identified from current listings, and there are no closings in our tracking window. That absence is not automatically negative — plenty of well-kept subdivisions simply trade quietly — but it does change how you should approach a transaction here.
With no amenity story to sell and no recent sales to lean on, price is going to be driven by condition, lot, and the specific improvements of the individual home. Expect a wider-than-usual spread between a dated property and an updated one, and expect the negotiation to hinge on the property itself rather than on a neighborhood premium.
The location and the amenities are priced into every listing in Tropicana. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a pocket this thin on public signal, the work is in the underwriting — pulling broader Palm Bay comps, reading condition honestly, and building a defensible number when the subdivision itself gives you little to stand on. That is the exact spot where a local desk earns its keep, and it is how we approach Tropicana Subd.
Tropicana in 15 seconds.
Tools for a Tropicana 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 Tropicana sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Tropicana, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Tropicana home worth?
Get a no-obligation home value based on real comparable sales in Tropicana, 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 →
| Location | Palm Bay, Brevard County, FL · ZIP 32905 |
|---|---|
| Homes in the community | 64 (FL DOR 2025 assessment roll) |
| Years built | 1927–2022 (median 1977.5) |
| Typical living area | 2,794 sq ft (median) |
| For sale right now | 1 active, 0 pending · median asking $469,000 · 12.0 months of supply |
| Owner-occupied (homestead) share | 71% |
Data as of November 8, 2026. Based on information from the Space Coast MLS for the period 2026 through 2026; housing-stock figures from Florida Department of Revenue public records. Market figures describe homes, not residents. Cite as: Momentum Realty, “Tropicana key facts,” movewithmomentum.com/neighborhoods/tropicana-subd, data as of November 8, 2026.
Housing distress & ownership in Tropicana Subd, 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 November 2026 through November 2026. Deemed reliable but not guaranteed.
Every Home for Sale in Tropicana Subd Right Now (1)
All 1 active and pending Tropicana Subd listings with a detail page, newest first, refreshed twice a day from the MLS.
- 1999 Mattison Drive · $469,000 · 3 bd / 2 ba · listed Aug 13, 2026 · listed by Saltwater Real Estate
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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
- Florida documentary stamp tax, explained
- Cheapest places to live in Florida
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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 (2026-11-09).
Email me new listings in Tropicana
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 Tropicana
Have a question about the homes, fees, rules or commute here? A Momentum agent who works Tropicana will answer, and the answer is published on this page for the next buyer.
Recent Developments in Tropicana Subd
Development, infrastructure, retail, and school activity affecting Tropicana Subd, 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 project is about 5 miles northwest of Tropicana Subd, elsewhere in Brevard County.
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 project is about 14 miles north of Tropicana Subd, elsewhere in Brevard County.
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 2 miles north of Tropicana Subd.
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 project is about 4 miles northwest of Tropicana Subd, elsewhere in Brevard County.
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 5 miles northwest of Tropicana Subd, 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 project is about 5 miles northwest of Tropicana Subd, elsewhere in Brevard County.
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.
Frequently Asked Questions
Is Tropicana a buyer's or seller's market right now?
How many homes are in Tropicana?
What share of Tropicana is owner-occupied?
When were the homes in Tropicana built?
Who is the best real estate agent for Tropicana?
How do I find a top Palm Bay real estate agent who knows Tropicana?
Can Momentum Realty connect me with an agent for Tropicana?
Where is Tropicana, and what county is it in?
Should you buy in Tropicana?
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 9, 2026) |
| Housing stock & ownership | Florida DOR assessment roll (street-list match (4 streets, ZIP 32905)) |
| Under-contract shares | Space Coast MLS records, as of 2026-11-08 |
| Historical depth | Closed-sale records back to 2026 (1 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.
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