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For SaleSingle Family Home
$475K
5195 Madras Drive NW, Palm Bay, FL 32907
Northwest Palm Bay neighborhood
Subdivision: None
4
Bedrooms
3
Bathrooms
2,551
Sq Ft
2026
Year Built
$186 /sqft

About This Property

Description from listing agent

Move-in Ready! Welcome to the highly sought-after Sandalwood floorplan, where luxury meets tranquility in the brand new Malabar Springs community. This stunning, sprawling one-story home w/ 3-car garage offers an exceptional living experience, perfectly situated across from the scenic 35,000-acre Three Forks conservation area. Step inside to discover a wide, welcoming foyer that leads into a bright, open-concept oasis. Chef-inspired kitchen, boasting an oversized island, walk-in pantry, and seamless views into the expansive great room--an entertainer's delight! This 4 bedrooms, 3 baths, study, and an en-suite perfect for hosting guests in comfort. Owner's suite, featuring an elegant 10'4'' tray ceiling. With a massive 8-foot shower, built-in bench seat, and sleek frameless glass enclosure. Included lanai. 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 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
Northrop11.4 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.

Price History

Date
Event
Price
  • 7/1/26
    Price change
    $475K +1.0%
    $186/sqft
  • 6/13/26
    Listed
    $470K
    $184/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 11 comparable sales in this area in the last 180 days.

Price vs. Comparable Sales
11.7% above median
Median comparable close: $424,798 — premium may reflect unique features not captured in automated comps
Typical Offer Discount
99.1% of list price
At that rate, a competitive offer ≈ $470,198
Price Reductions
No reductions
Listed price has not changed since hitting the market
See & adjust the 11 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
0.19 acres (8,309 sqft)
Full Baths
3
Total Rooms
10
Garage
2 car (attached)
HOA Fee
$20/mo
Days on Market
76
MLS Area
344 - NW Palm Bay

Community & HOA

HOA

Schools

Elementary

Jupiter

Middle School

Central

High School

Heritage

Financial & Listing Details

Listed
Jun 13, 2026
Parcel #
28-36-32-25-0000i.0-0005.00
$475K

Listing Agent (for property info)

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

Estimated Monthly Payment

$3,146/mo
Principal & interest
$2,501
Property taxes
$475
Insurance & HOA
$170

Based on a 6.90% rate, 30-year loan, and $475K price — down payment shown: $94,938.

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# 1079959

What's Nearby

schools
Heritage High School
0.3 mi away
grocery
Publix
0.6 mi away
restaurants
McDonald's
0.7 mi away
restaurants
Softball Snacks
0.8 mi away
dog parks
Fred Poppe Regional Dog Park
1.2 mi away
schools
Discovery Elementary School
2.6 mi away

Interested in this property?

Equal Housing Opportunity

MLS# 1079959 · 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.