Port Malabar Homes for Sale

Port Malabar is a residential community in Palm Bay, Florida. Active listings are currently priced from $279K–$400K.

Pure Equity Realty covers Port Malabar and the Palm Bay 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 156 Port Malabar Palm Bay homes for sale as of October 2026. The median asking price is $362,000. Asking prices run from $230,000 to $550,000.

That sits close to the Palm Bay median of $350,000. On a per-foot basis, homes here ask about $188 per square foot, roughly in line with the city at $188. So the median price buys roughly 1,950 square feet of living area.

Listings here have averaged 218 days on the market. That tracks the Palm Bay average of 213 days, so pricing and terms follow the wider city market.

Homes listed in Port Malabar date from 1969 to 2026. That puts them between 0 and 57 years old.

The range straddles 2002, when Florida adopted its statewide building code. Therefore two similar-looking homes here can carry very different insurance premiums. Ask for the wind mitigation report on any home you consider, since it drives much of that difference.

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.

Here is what the median Port Malabar price means in Florida closing terms. At $362,000, a 20% down payment comes to about $72,000, leaving a loan near $290,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $1,015. Next, the intangible tax of 0.2% adds about $580. Buyers normally pay both at closing.

On the seller side, Florida deed stamps cost 70 cents per $100 of price. At the Port Malabar median, that is about $2,537.

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 Port Malabar listings show assignments to Jupiter (elementary) and Sunrise (middle). However, boundaries can change each year, so confirm the assignment for a specific address with the county school district.