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Explore Similar Apartments Within 2 Miles of Port Malabar, FL

  • /8

    $185,000

    • 1,599 Sq Ft

    2511 Lipscomb St, Melbourne, FL 32901

    Opportunity awaits! Investor special and no need for a new roof as the seller has already done that for you. 2 separate buildings for under $250k. Schedule a showing today.

    Laura Auten Elevate Realty LLC

    2511 Lipscomb St, Melbourne, FL 32901
  • /2

    $269,995

    • 1,488 Sq Ft

    1069 Bacon Cir NE, Palm Bay, FL 32905

    Great income generating duplex with long term tenants paying $2,140 per month rent. One lease has 9 months left and the other has 1 year left. 7% CAP rate.Offered individually OR as a package with 1336 Pace Drive NW Palm Bay, FL (MLS# F10496486).

    Adam Von Romer CCIM Axis Realty Advisors, INC

    1069 Bacon Cir NE, Palm Bay, FL 32905
  • /31

    $1,545,000 New Construction

    • 14 Beds
    • 13 Baths

    198 Hidden Woods Place, Melbourne, FL 32901

    NEWLY CONSTRUCTED QUADPLEX WITH NO RENTAL RESTRICTIONS! Exceptional investment opportunity with strong income potential from long-term leases, furnished rentals, or Airbnb. Ideal for FIT students, travel nurses, or corporate tenants. Two units feature 4 beds, 2.5 baths, loft, 1-car garage, and a first-floor Primary Suite with over 1,800 sq. ft. The other two units includes 3 beds, 2.5 baths,

    Meili Viera Waterman Real Estate Inc.

    198 Hidden Woods Place, Melbourne, FL 32901
  • /40

    $1,545,000 New Construction

    • 14 Beds
    • 12 Baths

    207 Hidden Woods Place, Melbourne, FL 32905

    NEWLY CONSTRUCTED QUADPLEX WITH NO RENTAL RESTRICTIONS! Exceptional investment opportunity with strong income potentialfrom long-term leases, furnished rentals, or Airbnb. Ideal for FIT students, travel nurses, or corporate tenants. Two units feature 4 beds, 2.5 baths, loft, 1-car garage, and a first-floor Primary Suite with over 1,800 sq. ft. The other two units includes 3 beds, 2.5 baths, 1-car

    Meili Viera Waterman Real Estate Inc.

    207 Hidden Woods Place, Melbourne, FL 32905
  • /27

    $1,300,000

    • 3,296 Sq Ft

    826 Hunan St NE, Palm Bay, FL 32907

    Gentle Hand ALF is a fully licensed, turnkey assisted living facility that is currently operational and generating steady income. This 4 bedroom home is approved for six residents beds and has undergone several hundred thousand dollars in recent renovations, including a full fire alarm and suppression system, backup generator, and all infrastructure required for regulatory compliance. Each of the

    Cody Spaur Landshark Realty

    826 Hunan St NE, Palm Bay, FL 32907

Why Live in Port Malabar

Port Malabar in Palm Bay, FL, offers residents a blend of natural beauty and suburban convenience. This neighborhood, part of the Space Coast, provides ample opportunities for aquatic recreation, from water skiing on the Indian River Lagoon to kayaking through Turkey Creek. The area features Mediterranean-influenced homes, including bungalows and ranches with stucco exteriors and tile roofs. While the neighborhood isn't in a flood zone, occasional road flooding can occur after heavy rains. Local schools include the highly rated Saint Joseph Catholic School, and Palm Bay Magnet High School, known for its award-winning robotics team. For things to do, residents can explore Turkey Creek Sanctuary, mountain bike at Grapefruit Trails, or enjoy the amenities at Fred Lee Park. Dining options range from Skeebo’s Soul Food Kitchen to the long-standing Twisty Cone ice cream shop. Essential services and shopping are available along Babcock Street and Palm Bay Road, with major retailers like Walmart and Publix nearby. The neighborhood is within commuting distance to high-tech employers like L3Harris Technologies Inc., and Melbourne Orlando International Airport is just 5 miles away. Annual events at Fred Poppe Regional Park, such as the Strawberry Fest and Palm Bay Multicultural Festival, add to the community's vibrant atmosphere.

Home Trends in Port Malabar, FL

Housing Trends

Median Sale Price
$265,000
Median Single Family Sale Price
$307,500
Median Townhouse Sale Price
$185,000
Median 2 Bedroom Sale Price
$150,000
Median 1 Bedroom Sale Price
$128,500
Average Price Per Sq Ft
$186
Number of Homes for Sale
151
Last 12 months Home Sales
364
Months of Supply
5.00
Median List Price
$279,900
Median Change From 1st List Price
5%
Median Home Sale Price YoY Change
-4%
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