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For SaleSingle Family Home
$370K
5125 Madras Avenue NW, Palm Bay, FL 32907
Northwest Palm Bay neighborhood
Subdivision: Malabar Springs Phase I
3
Bedrooms
2
Bathrooms
1,989
Sq Ft
2026
Year Built
$186 /sqft

About This Property

Description from listing agent

Pre-Construction. To Be Built. Introducing the gated community of Malabar Springs, the Drexel floor plan brings together thoughtful design, stylish finishes, and the comfort of everyday living. A stone accented exterior, paver driveway and entry, and a covered front porch create a warm and inviting first impression, while hurricane shutters, irrigation, and gutters add practical peace of mind. Inside, soaring 9'4'' ceilings and upgraded custom interior paint enhance the home's bright, open feel. Beautiful 7x22 plank ceramic tile flooring flows throughout the main living areas, complemented by soft carpet in the bedrooms. Cordless blinds and upgraded door hardware add a refined finishing touch that carries throughout the interior. Natural light fills the spacious great room, where additional windows and flush mount LED lighting create a bright and welcoming gathering space. Seamlessly connected to the heart of the home, the kitchen blends style & functionality with quartz countertops,

Space Coast Context

🚀 Launch Viewing — Fair Views

40 mi from SLC-40

40 miles from SLC-40 — visible as a bright streak in good conditions.

Aerospace Commute Guide
L3Harris9.6 mi~21 min
Northrop11.3 mi~25 min
Blue Origin34.8 mi~1h 18m
SpaceX35.4 mi~1h 19m
Lockheed35.5 mi~1h 19m
Boeing/KSC36.2 mi~1h 21m
KSC36.3 mi~1h 21m

Estimates only — verify with Google Maps.

Flood Risk

Zone AE — High Risk

Special Flood Hazard Area (1% annual chance). Flood insurance is federally required for mortgages.

Estimated flood insurance: $2,000 – $6,000+ / yr — varies by coverage, elevation & insurer

Source: FEMA National Flood Hazard Layer. Insurance estimates are ranges only — get a quote for accurate pricing.

Offer Intelligence

Based on 10 comparable sales in this area in the last 180 days.

Price vs. Comparable Sales
4.5% above median
Median comparable close: $353,958 — premium may reflect unique features not captured in automated comps
Typical Offer Discount
97.8% of list price
At that rate, a competitive offer ≈ $361,904
Price Reductions
No reductions
Listed price has not changed since hitting the market
See & adjust the 10 comparable sales used

Uncheck any home you don't consider comparable — the median updates instantly.

The median is weighted: nearer sales count more than distant ones, and comps marked recent (sold in the last 90 days) count 2×. Comps farther than 3 miles are flagged — a longer distance usually means few nearby sales were available.

How we match comps

Comps are pulled directly from the Space Coast MLS — sold sales only, closed within the last 180 days. We apply hyper-local matching criteria in this order:

  • Same property type, always (single family, condo, townhouse, etc.)
  • Single-story homes compared only to single-story (and multi to multi)
  • Exact bedroom count
  • Bathrooms within ±0.5
  • Garage spaces within ±1
  • Pool status must match
  • Waterfront status must match
  • HOA must match (HOA community vs. no HOA)
  • Price within ±5–20% of list price (tightest in early tiers)
  • Square footage within ±10–25% (tighter in early tiers)
  • Year built always within ±5–20 years (never dropped)

We search in tiers, expanding the radius only as needed — starting in the same subdivision within 1 mile, then 2 miles, then the same neighborhood within 3 miles, and the same zip code within 5 miles as a last resort. For luxury homes ($5M+), where nearby comps are scarce, we widen the search to 5–20 miles. Year built is always required so comps are from the same era of construction. The median is weighted toward nearer sales, and sales within the last 90 days count 2× to reflect current market conditions.

Median estimate is based on similar active listings and homes that have sold within the last 180 days in this area, as reported through Brevard MLS. This is not an appraisal or a Comparative Market Analysis (CMA). Before making an offer, work with a licensed real estate agent to obtain a CMA, or hire a certified real estate appraiser for an independent valuation.

Additional Details

Lot Size
0.14 acres (6,098 sqft)
Full Baths
2
Total Rooms
8
Garage
2 car (attached)
HOA Fee
$240/mo
Days on Market
123
MLS Area
344 - NW Palm Bay

Community & HOA

HOA

Schools

Elementary

Jupiter

Middle School

Central

High School

Heritage

Financial & Listing Details

Listed
Mar 19, 2026
Parcel #
28-36-32-25-0000i.0-0010.00
$370K

Listing Agent (for property info)

B
Brian Acri
New Home Star Florida LLC
321-234-3715
Call Listing Agent

Estimated Monthly Payment

$2,709/mo
Principal & interest
$1,949
Property taxes
$370
Insurance & HOA
$390

Based on a 6.90% rate, 30-year loan, and $370K price — down payment shown: $73,980.

This is a quick estimate only — it does not include items like mortgage insurance, closing costs, or rate-lock terms. For an accurate payment based on your credit and finances, get pre-qualified with a certified bank or licensed mortgage brokerage.

MLS# 1072381

Interested in this property?

Equal Housing Opportunity

MLS# 1072381 · Listing Broker: New Home Star Florida LLC · IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS. Listing information provided by Space Coast Association of REALTORS® and the Space Coast MLS. © 2026 Space Coast Association of REALTORS®. All rights reserved. · MaxxCity Realty LLC · Licensed in Florida.