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For SaleSingle Family Home
$470K
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
$184 /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

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
  • 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 6 comparable sales in this area in the last 180 days.

Price vs. Comparable Sales
13.3% above median
Median comparable close: $415,000 — premium may reflect unique features not captured in automated comps
Typical Offer Discount
98.8% of list price
At that rate, a competitive offer ≈ $464,319
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
0.19 acres (8,309 sqft)
Full Baths
3
Total Rooms
10
Garage
2 car (attached)
HOA Fee
$20/mo
Days on Market
5
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
$470K

Listing Agent (for property info)

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

Estimated Monthly Payment

$3,116/mo
Principal & interest
$2,476
Property taxes
$470
Insurance & HOA
$170

Based on a 6.90% rate, 30-year loan, and $470K price — down payment shown: $93,998.

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

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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.