Waterfront Homes for Sale in Palm Bay, FL
This page tracks every Palm Bay listing whose MLS record reports waterfront (ocean, bay, Intracoastal, river, canal or lake frontage), by community, with live counts and asking prices, and the costs that come with the water.
76 waterfront homes are for sale or pending in Palm Bay, FL today across 51 communities. The median asking price is $402,450, from $172,900 to $1,350,000. Listings in Palm Bay without that feature have a median of $387,000. Most listings right now: St Johns Preserve (5), Rhum Cove (4), Gardens At Waterstone Phase 2 (3). Updated September 8, 2026 from the MLS.
Palm Bay waterfront homes by community
Click a community for its full guide: prices, HOA reality, insurance posture and the homes for sale.
| Community | Waterfront Homes | New build | Median list | From |
|---|---|---|---|---|
| St Johns Preserve | 5 | 1 | $410,000 | $380,402 |
| Rhum Cove | 4 | 0 | $382,950 | $375,000 |
| Gardens At Waterstone Phase 2 | 3 | 0 | $500,000 | $484,900 |
| Replat of Holly Trace Bayside Lakes | 3 | 0 | $444,950 | $362,000 |
| Venetian Bay Condo Ph I | 3 | 0 | $439,999 | $425,000 |
| Magnolia Park at Bayside Lakes | 2 | 0 | $560,000 | $550,000 |
| The Timbers at Everland | 2 | 0 | $458,500 | $387,000 |
| Cypress Bay Preserve Phase 1 | 2 | 0 | $456,950 | $425,000 |
| Courtyards At Waterstone Ph I | 2 | 0 | $440,000 | $440,000 |
| Tillman Plat of | 2 | 0 | $422,450 | $184,900 |
| Parkside West | 2 | 0 | $363,999 | $305,000 |
| Avery Springs | 2 | 0 | $348,000 | $347,000 |
| Waterstone Plat 1 PUD | 2 | 0 | $295,750 | $256,500 |
| Hiawatha Gardens | 2 | 0 | $271,900 | $245,900 |
| Palm Bay Estates Mobile Home Park Co/Op of Tropic | 2 | 0 | $258,750 | $240,000 |
| Castaway Shores Condo Ph I | 2 | 0 | $173,900 | $172,900 |
| Highland Shores Estates | 1 | 0 | $725,000 | $725,000 |
| Port Malabar Unit 43 | 1 | 0 | $579,000 | $579,000 |
| Country Club Estates Subd | 1 | 0 | $564,999 | $564,999 |
| Country Club Lakes Estates Phase Three | 1 | 0 | $559,900 | $559,900 |
| Lake Ridge | 1 | 0 | $549,900 | $549,900 |
| Magnolia Park At Bayside Lakes | 1 | 0 | $529,999 | $529,999 |
| Forest Glen at Bayside Lakes | 1 | 0 | $524,983 | $524,983 |
| Lake Forest at Bayside Lakes | 1 | 0 | $520,000 | $520,000 |
| The Courtyards at Waterstone | 1 | 0 | $519,000 | $519,000 |
| Turkey River Estates | 1 | 1 | $489,900 | $489,900 |
| Courtyards At Waterstone Ph Ii | 1 | 0 | $484,900 | $484,900 |
| Amberwood at Bayside Lakes | 1 | 0 | $464,900 | $464,900 |
| Stonebriar at Bayside Lakes | 1 | 0 | $459,000 | $459,000 |
| Monterey Cove at Bayside Lakes | 1 | 0 | $439,500 | $439,500 |
| Venetian Bay Condo Ph II | 1 | 0 | $429,000 | $429,000 |
| Turkey Creek Subd | 1 | 0 | $419,000 | $419,000 |
| Bayridge | 1 | 0 | $405,000 | $405,000 |
| Cypress Bay West | 1 | 0 | $399,900 | $399,900 |
| St. Johns Preserve | 1 | 1 | $381,000 | $381,000 |
| Timbers at Everlands Phase 1B | 1 | 1 | $365,000 | $365,000 |
| Pinewood Estates | 1 | 0 | $365,000 | $365,000 |
| Port Malabar Unit 30 | 1 | 0 | $360,000 | $360,000 |
| Port Malabar Unit 48 | 1 | 0 | $350,000 | $350,000 |
| Gardens At Waterstone Phase 1 | 1 | 0 | $348,000 | $348,000 |
| Castaway Shores Condo Ph II | 1 | 0 | $330,000 | $330,000 |
| Cypress Bay Preserve Phase 2 | 1 | 0 | $330,000 | $330,000 |
| Preserves at Stonebriar Phase 2 | 1 | 0 | $325,000 | $325,000 |
| Port Malabar Unit 28 | 1 | 0 | $319,000 | $319,000 |
| Fairway Crossing Townhomes | 1 | 0 | $299,900 | $299,900 |
| The Castaway Cove Condo | 1 | 0 | $289,000 | $289,000 |
| Hiawatha Gardens | 1 | 0 | $289,000 | $289,000 |
| Bimini Bay | 1 | 0 | $279,900 | $279,900 |
| Timbers at Everlands Phase 2 | 1 | 0 | $275,000 | $275,000 |
| Tillman | 1 | 0 | $265,000 | $265,000 |
| Port Malabar Unit 50 | 1 | 0 | $229,900 | $229,900 |
What waterfront ownership really costs
Waterfront homes carry costs inland homes do not: flood insurance where the parcel sits in a FEMA special flood hazard area, higher windstorm premiums closer to open water, and upkeep for seawalls, docks and lifts. Before you offer, pull the FEMA flood zone for the specific parcel, ask for the seawall’s age and any inspection reports, and get an insurance quote in hand, not an estimate. Our flood insurance calculator and wind mitigation savings calculator show what the parcel will actually cost to insure.
Questions to ask about any waterfront listing
Is the water frontage deeded or association-owned? Is there a fixed bridge between the dock and open water, and what is the clearance? What did the seller pay for flood and wind coverage last year, and with which carriers? Has the seawall or dock been permitted and inspected? What is the finished-floor elevation? A local agent who works waterfront deals will know which canals hold depth at low tide and which carriers are writing in the area.
Common questions
How many waterfront homes are for sale in Palm Bay?
What do waterfront homes cost in Palm Bay?
Which Palm Bay community has the most waterfront homes for sale?
Is a waterfront home always in a flood zone?
Keep exploring Palm Bay
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Live data: Space Coast MLS, Stellar MLS, refreshed with every MLS pull; this page rebuilds on every ship. Community-level aggregates only: active and pending residential listings in Palm Bay, FL whose MLS record reports waterfront. Prices are asking prices, not values. Property features and prices only; nothing on this page describes residents. Equal Housing Opportunity.