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For SaleCondominium
$428K
5055 Dixie Highway NE #B206, Palm Bay, FL 32905
Palm Bay Waterfront neighborhood
Subdivision: Rhum Cove
3
Bedrooms
2
Bathrooms
1,480
Sq Ft
1988
Year Built
$289 /sqft

About This Property

Description from listing agent

Gorgeous 3-bed, 2-bath condo in Palm Bay with stunning Indian River views from a private balcony. This remodeled 1,480 square ft home features vinyl plank flooring, granite kitchen countertops, rich cabinetry, and a cool coastal color palette. The spacious owners suite includes an upgraded bath with double sinks. New impact windows and a tankless water heater add comfort and efficiency. Enjoy a DEEDED boat slip with a brand new lift, boater's dream! Also includes 1-car garage and extra parking. Community perks: heated pool, spa, clubhouse, fitness center, tennis court, marina, and fishing pier. Perfect for snowbirds, boat lovers, and retirees looking for relaxed waterfront living near everything Palm Bay has to offer.

Space Coast Context

🚀 Launch Viewing — Fair Views

37.8 mi from SLC-40

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

Aerospace Commute Guide
L3Harris7.1 mi~16 min
Northrop8.5 mi~19 min
Blue Origin31.5 mi~1h 10m
Lockheed32.8 mi~1h 13m
SpaceX32.9 mi~1h 13m
Boeing/KSC35.2 mi~1h 18m
KSC35.8 mi~1h 20m

Estimates only — verify with Google Maps.

Flood Risk

Zone X — Minimal Risk

Outside the Special Flood Hazard Area. Flood insurance is optional but recommended.

Estimated flood insurance: $500 – $1,200 / 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

Price history and market context for this listing.

Price Reductions
No reductions
Listed price has not changed since hitting the market
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
0.11 acres (4,792 sqft)
Full Baths
2
Total Rooms
5
Garage
1 car
HOA Fee
$800/mo
Waterfront
Indian River
Days on Market
52
MLS Area
340 - NE Palm Bay

Community & HOA

HOA

Schools

Elementary

Palm Bay Elem

Middle School

Stone

High School

Palm Bay

Financial & Listing Details

Listed
Jun 1, 2026
Parcel #
28-38-30-00-00535.9-0000.00
$428K

Listing Agent (for property info)

A
Anna Menchaca
EXP Realty LLC
321-317-3948
Call Listing Agent

Estimated Monthly Payment

$3,633/mo
Principal & interest
$2,255
Property taxes
$428
Insurance & HOA
$950

Based on a 6.90% rate, 30-year loan, and $428K price — down payment shown: $85,600.

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# 1064370

Interested in this property?

Equal Housing Opportunity

MLS# 1064370 · Listing Broker: EXP Realty 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.