Palm Bay Homes for Sale

Palm Bay Condominium is a waterfront community in Miami, Miami-Dade County, Florida. Active listings are priced from $355,000 to $525,000. Homes were built starting 1965. Pure Equity lists homes in Palm Bay and represents buyers. Commission is negotiable, and what we are paid is agreed with you in writing before you commit to anything.

Pure Equity Realty covers Palm Bay and the Miami area. We list for 1%, which includes photography, MLS syndication, and negotiation support. Buyers pay nothing for representation. For current market data, see Florida Realtors' market statistics.

Our MLS feed shows 8 Palm Bay Miami homes for sale as of October 2026. The median asking price is $369,000. Asking prices run from $160,000 to $492,000.

That is 43% below the Miami median of $645,000. On a per-foot basis, homes here ask about $443 per square foot, compared with $509 across Miami. So the median price buys roughly 850 square feet of living area.

Listings here have averaged 163 days on the market. That tracks the Miami average of 144 days, so pricing and terms follow the wider city market.

Homes listed in Palm Bay date from 1965, so they are about 61 years old.

All of these homes predate Florida's 2002 statewide building code. So roof age, window protection and the wind mitigation report matter a great deal for insurance.

In addition, most Florida insurers ask for a four-point inspection on homes 30 years or older. It covers the roof, electrical, plumbing and HVAC. Updated systems usually make coverage easier to place.

Condo buyers should also know Florida's 2022 condo safety law. It requires milestone structural inspections for buildings three stories or taller as they age. It also requires a structural integrity reserve study. Before you sign, request both reports and the current reserve balance.

Palm Bay includes waterfront homes. Waterfront lots in South Florida often sit in FEMA special flood hazard areas, where lenders require flood insurance. Before you commit, look up the address on the FEMA Flood Map Service Center and ask the seller for an elevation certificate.

Palm Bay is a condo building. Also request the association budget, recent minutes and any special assessments before you sign.

Here is what the median Palm Bay price means in Florida closing terms. At $369,000, a 20% down payment comes to about $74,000, leaving a loan near $295,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $1,033. Next, the intangible tax of 0.2% adds about $590. Buyers normally pay both at closing.

On the seller side, Miami-Dade charges deed stamps of 60 cents per $100 on a single-family home, about $2,214 at this price. Condos and other property types pay a higher rate.

Finally, owner-occupants should file for the Florida homestead exemption by March 1. It removes up to $50,000 of assessed value. After that, Save Our Homes caps yearly assessment increases at 3% or inflation, whichever is lower. To see what these numbers mean for your budget, get pre-approved before you tour.

Recent Palm Bay listings show assignments to Morningside K-8 Academy (Miami-Dade) (elementary), Horace Mann (middle) and Miami Edison (high). However, boundaries can change each year, so confirm the assignment for a specific address with Miami-Dade County Public Schools.