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Condos For Sale In Palm Bay, FL

Condos

Home to a laid-back, seaside atmosphere and affordable condos for sale in Florida, Palm Bay is one of central Florida’s best kept secrets. Situated along the Indian River Lagoon, just an hour's drive east of Orlando’s themed parks and attractions, Palm Bay condos for sale provide low-maintenance living amidst luxury amenities and breathtaking views of nature.

1465 Malibu Circle NE #101

Palm Bay, FL 32905

Condo For Sale

New Listing - 17 hours on Site

1608 Sunny Brook Lane NE #105

Palm Bay, FL 32905

Condo For Sale

New Listing - 3 days on Site

3614 Overlook Drive #50

Palm Bay, FL 32905

Condo For Sale

New Listing - 5 days on Site

2929 Kirkland Road NE

Palm Bay, FL 32905

Condo For Sale

New Listing - 5 days on Site

975 Sonesta Avenue NE #207

Palm Bay, FL 32905

Condo For Sale

New Listing - 5 days on Site

1485 Malibu Circle NE #112

Palm Bay, FL 32905

Condo For Sale

New Listing - 5 days on Site

2100 Forest Knoll Drive NE #202

Palm Bay, FL 32905

Condo For Sale

New Listing - 7 days on Site

4955 Dixie Highway NE #501

Palm Bay, FL 32905

Condo For Sale

New Listing - a week on Site

2713 Pinewood Drive NE #4

Palm Bay, FL 32905

Condo For Sale

New Listing - a week on Site

1051 Clearmont Street NE #2021

Palm Bay, FL 32905

Condo For Sale

New Listing - 3 weeks on Site

993 Sonesta Avenue NE #205

Palm Bay, FL 32905

Condo For Sale

New Listing - 3 weeks on Site

New Listing - 3 weeks on Site

4975 Dixie Highway NE #605

Palm Bay, FL 32905

Condo For Sale

New Listing - 3 weeks on Site

5317 Pinewood Drive NE #10

Palm Bay, FL 32905

Condo For Sale

New Listing - 4 weeks on Site

1011 Clearmont Street NE #203-2

Palm Bay, FL 32905

Condo For Sale

New Listing - 4 weeks on Site

725 Port Malabar Boulevard NE #308

3111 Pinewood Drive NE #15

1051 Clearmont Street NE #201-1

Palm Bay, FL 32905

Condo For Sale

Price Change - 2 weeks ago

1608 Sunny Brook Lane NE #E103

631 Cedar Side Circle NE

Palm Bay, FL 32905

Condo For Sale

Price Change - 4 weeks ago

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Palm Bay, FL Condos For Sale

The condo market in Palm Bay is stable and somewhat competitive, with units selling at an affordable median sale price of around $150K, a 7% year-over-year growth. Condos in Palm Bay typically change owners after spending 50 days on the market.

Condos are the second most abundant real estate type in this area after the single-family homes for sale in Palm Bay. The most appealing units have two-to-three bedrooms and are located along the waterfront on high-rise condo buildings with resort-style amenities. These condos are commonly situated along the Indian River Lagoon, in the northeastern top of the city.

More modest condo living options proliferate along the central and west portions of Palm Bay. Most of the time, these condos are located inland, on low-rise condo complexes with standard amenities, and with options of one or two bedroom floor plans to fill any lifestyle.

Whether you’re a prospective condo buyer looking for a place to settle down in central Florida or a sagacious investor adding units near Orlando to your portfolio, Palm Bay condos for sale are an attractive market worth exploring.

Palm Bay, FL Condo Sampler

Venetian Bay Condos

Venetian Bay is a high-rise condominium complex in the South Cove neighborhood. It boasts Palm Bay condos for sale in an array of styles, sizes, and prices to fit the needs of every homebuyer. The condos for sale in Venetian Bay can have two or three bedrooms and range in size between 1,800 square feet and over 2,200 square feet. Prices go anywhere between $475K and $490K. Amenities include lush landscaping, parking space, clubhouse, fishing pier, and vehicle wash access.

Rhum Cove Condominiums

Rhum Cove is a riverfront, gated community of condos in Palm Bay offering resort-style living that includes boat slips for boat owners. Units in this complex have plenty of natural light, gorgeous views, and comfortable two-bedroom two-bathroom layouts. With square footage ranging from 1,500 to over 1,600 feet - and prices starting at $359K up to $415K - potential buyers can experience vacation-like living every day. The complex is carefully maintained and offers a swimming pool with hot tub, sauna, fitness center, tennis courts, and a private fishing pier and marina.

Turkey Creek Villas

Turkey Creek Villas is a charming, low-rise condo complex situated walking distance to the Turkey Creek Sanctuary, so residents enjoy outdoor activities on a regular basis. Condos for sale in Turkey Creek Villas are priced under $200Ks, are either on the second floor or ground level, and they have around 1,000 square feet. Most units here have two bedrooms with pool area views and amenities such as parking, common area swimming pool & spa, and utilities included.

Distances To Other Cities From Palm Bay, Florida

7 miles to Melbourne Beach
12 miles to Satellite Beach
30 miles to Vero Beach
31 miles to Merrit Island
36 miles to Cocoa Beach
51 miles to Titusville
74 miles to Orlando

Frequently Asked Questions About Palm Bay, FL Condos For Sale

What’s The Best Place To Buy A Condo In Palm Bay, Florida?

Most high-value condos for sale in Palm Bay are primarily concentrated in the city's northeastern portion, east of I-95 and facing the Indian River and the Barrier Island. Check out properties in waterfront neighborhoods like South Cove and Cape Malabar.

Is Palm Bay Walkable?

Boasting a walk score of 57 and bike score of 47 out of 100, Palm Bay is moderately accommodating for pedestrians and cyclists alike. For residents in condos for sale in Palm Bay, driving is the transportation method of choice and they have plenty of highways nearby to commute within the city and to the neighboring areas, including Melbourne, Orlando, and Cape Canaveral.

Does Palm Bay Have A Downtown?

Unlike other cities in Brevard County, like Melbourne or Titusville, Palm Bay lacks a central hub for shopping, dining, and entertainment. Of course, you can always hop in your car and explore all of the exciting possibilities not far from the condos for sale in Palm Bay. The city is planning to transform seven acres along Turkey Creek into a vibrant waterfront downtown area.

What Are The Average Condo Association Fees In Palm Bay, Florida?

When searching for condos in Palm Bay, Florida, it's essential to take into account the condo association fees. Condo fees vary greatly, depending on the region and what is included in each condo estate; however, they typically range from $100-$500 per month. When considering the association fees, factors such as security, building maintenance frequency, landscaping, and additional amenities like swimming pools or gymnasiums can all have a significant influence.

Are Condos In Palm Bay A Good Investment?

Palm Bay is worth exploring as a possible investment option in Florida’s east central coast. With condos for sale in Palm Bay selling fast at a median list price of under $200K, the city makes an ideal choice to invest in a reasonably-priced rental or vacation property with the potential of long-term return. Palm Bay is close to both Orlando and the Space Coast, which adds to its appeal as a relaxed, sea-side destination to retire, relocate a growing family, or simply enjoy a restful vacation in Florida’s east coast.

Does Palm Bay Get A Lot Of Hurricanes?

Nestled in Florida's Space Coast, Palm Bay is no stranger to inclement weather during the state's hurricane season. Those seeking condos for sale in Palm Bay, in particular units close to a body of water or the ocean, should stay vigilant of potential storms or hurricanes and be proactive in preparing for any potential risks. Florida's hurricane season officially starts on June 1st and continues until the end of November.

Living In Palm Bay, FL Condos

Cost Of Living In Palm Bay, Florida

Palm Bay is an attractive option for those who are looking to relocate or invest in condos and gain access to affordable living in the state of Florida. If you're searching for a cost-friendly city with plenty of amenities, Palm Bay is a nice destination. With an index score of 90.4, it is considerably more affordable than the Florida (103.1) and national average (100), making it ideal for young professionals and families on a budget.

Investing in Palm Bay condos for sale opens a world of financial benefits, from reduced housing costs to lower grocery bills and healthcare premiums. But the biggest savings come in transportation. Residents in Palm Bay may see a day-to-day expenses increase when it comes to recreational activities or eating out. On average, households in Palm Bay earn a yearly income of $65,151.

Beaches in Palm Bay, Florida

It doesn't matter where you purchase real estate in Palm Bay; you'll always be close to some of Florida's most beautiful beaches. Here's a list of the nearest beaches to Palm Bay, Florida, all of them located on the barrier island that divides the Indian River Lagoon from the Atlantic Ocean:

Melbourne Beach is eight miles away, a 15-minute drive.
Brevard Beach - Located nine miles away, a 16-minute commute.
Spessard Holland South Beach Park - It's just 10 miles away from Palm Bay, an 18-minute car drive.

Outdoor Adventures In Palm Bay, Florida

Boasting a selection of 29 parks, Palm Bay in Central Florida is renowned for its vast array of outdoor recreational possibilities. From Castaway Point Park with its scenic beachfront views to the thriving Turkey Creek Sanctuary, this city brims with natural beauty and activities perfect for adventurers, such as hiking, walking, cycling, birdwatching, and camping.

Those who enjoy water sports will be in awe of all that's available here; it truly is an adventurer's paradise! Living in condos for sale in Palm Bay provides endless opportunities to hit the beach frequently and to take part in activities such as:

Fishing charters
Boat tours
Go stand-up paddleboarding, kayaking, and surfing
Learn and practice scuba & snorkeling
Ride jet skis

Job Market in Palm Bay, FL

Palm Bay High-Tech Jobs

Palm Bay has developed into a bustling technology hub on Florida's east coast offering a wide range of opportunities for tech professionals. From startups to established companies – and everything in between – Palm Bay has a wealth of opportunities ranging from software engineering and web development roles to cloud computing and digital analytics. Top companies in the sector near condos for sale in Palm Bay:

L3Harris Technologies, Inc.
OneWeb Satellites
Alertgy
Tomahawk Robotics
Aeronyde Corporation
Swarmify
Eagle Lake Laboratories
Retrac Enterprises