For SaleSingle Family Home
$377K
5144 Madras Drive NW, Palm Bay, FL 32907
Northwest Palm Bay neighborhood
Subdivision: None
5
Bedrooms
3
Bathrooms
2,520
Sq Ft
2026
Year Built
$150 /sqft

About This Property

Description from listing agent

The brand new Malabar Springs community is nestled adjacent to the serene Three Forks conservation area with 35,000 acres of conservation protection, boat launch, picnic area, and 70 miles of trails. With resort-style 3900 square foot pool featuring a sun shelf, cabana, 2 dog parks, outdoor fitness equipment, nature trail, and multi-use park/field Malabar Springs. Discover the Marina - the crown jewel of our 30' collection offering an impressive 2,520 sq. ft. of refined living space. This premium residence features 5 bedrooms and 3 baths, including a private first-floor suite perfect for guests or multi-generational living. Upstairs, find a luxurious owner's retreat with dual walk-in closets, three additional bedrooms, and a versatile loft space. WIFI-enabled garage opener and Ecobee thermostat. STOCK PHOTOS, PRICES SUBJECT TO CHANGE. Closing costs assistance with use of Builder's affiliated lender.

Space Coast Context

🚀 Launch Viewing — Fair Views

40.1 mi from SLC-40

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

Aerospace Commute Guide
L3Harris9.7 mi~22 min
Northrop11.4 mi~25 min
Blue Origin34.9 mi~1h 18m
SpaceX35.5 mi~1h 19m
Lockheed35.6 mi~1h 19m
Boeing/KSC36.2 mi~1h 21m
KSC36.3 mi~1h 21m

Estimates only — verify with Google Maps.

Flood Risk

Flood zone data not yet available for this listing. Check FEMA Flood Map

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

Price History

Date
Event
Price
  • 12/5/25
    Listed
    $377K
    $150/sqft

Tracked by MaxxCity from the date each listing first appeared in our system — earlier history isn't available from the MLS feed.

Offer Intelligence

Based on 6 comparable sales in this area in the last 180 days.

Price vs. Comparable Sales
At market value
Median comparable close price: $386,827
Typical Offer Discount
98.0% of list price
At that rate, a competitive offer ≈ $369,534
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 (single family, condo, townhouse, etc.)
  • 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)
  • Square footage within ±15%
  • Year built within ±15 years

We start with your neighborhood, then expand to 3 miles, then 5 miles until we have enough comps. Sales within the last 90 days are weighted 2× in the median to reflect current market conditions.

This is the same analysis a local agent performs by hand — done automatically on every listing.

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
3
Total Rooms
10
Garage
2 car (attached)
HOA Fee
$20/mo
Days on Market
196
MLS Area
344 - NW Palm Bay

Community & HOA

HOA

Schools

Elementary

Jupiter

Middle School

Central

High School

Heritage

Financial & Listing Details

Listed
Dec 5, 2025
Parcel #
28-36-32-25-0000c.0-0011.00
$377K

Listing Agent (for property info)

W
William Maltbie
Maltbie Realty
813-819-5255
Call Listing Agent

Estimated Monthly Payment

$2,534/mo
Principal & interest
$1,987
Property taxes
$377
Insurance & HOA
$170

Based on a 6.90% rate, 30-year loan, and $377K price — down payment shown: $75,425.

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# 1063666

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Equal Housing Opportunity

MLS# 1063666 · Listing Broker: Maltbie Realty · 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.