Homes for Sale in Palm Bay
Palm Bay Real Estate & Homes for Sale in Florida
This quiet suburban community of approximately 104,000 is located midway between Jacksonville and Miami and is about an hour's drive to Orlando. The vibrant community of Palm Bay is pro-business and development, yet has worked hard to preserve the region's natural beauty so locals can continue to enjoy the gentle ocean breezes, waving palm trees, sun-drenched beaches, crystal blue waters and untamed parklands.
Students in grades K-12 are accommodated by the Brevard County School District, while higher education opportunities abound with several area colleges and universities. Residents find employment opportunities in the industries of education, health and social services, manufacturing and retail trade.
Palm Bay has a modern community center, more than 14 parks, a nature center and easy day trip access to central Florida's Walt Disney World, Sea World and Busch Gardens. The city's proximity to the Atlantic Ocean affords residents the luxury of participating in a slew of water sport activities ranging from sailing, surfing and snorkeling to boating, fishing and water skiing. Furthermore, due to moderate year round temperatures, locals can enjoy golfing, tennis, hiking, bicycling and other outdoor sports whenever they choose.
Palm Bay is a friendly community filled to the brim with affordable housing in attractive, family-oriented neighborhoods. Real estate options in Palm Bay consist of single-family detached homes, estate properties, condominiums, townhouses and land lots.
Price Range of Palm Bay Houses
New developments, residential neighborhoods and condominium complexes are springing up everywhere in Palm Bay providing prospective homebuyers a multitude of housing options to choose from. Additionally, very affordable pricing for well-kept and lovely residences, make for excellent home buying opportunities. Condominiums and townhouses in Palm Bay range in price from less than $100,000 to more than $1 million for luxury high-rise units. Palm Bay's single-family homes start at just under $100,000. Most homes include three, four and five-bedroom homes, some which are newly built and are priced under $300,000. Those on the higher end of this range, including those in Bridgewater at Bayside Lakes, offer waterfront properties with spacious wooded lots and private swimming pools and spas. Estate properties on wooded, spacious lots of considerable acreage with private swimming pools, spas and community facilities range from the high $300,000s to approximately $1.5 million for beautiful and expansive waterfront properties. A good selection of land and lots are also available for custom development.
Palm Bay Real Estate Stats and Trends for the week of August 15th, 2016: homes priced around $91,755 compared to $94,295 the previous week, showing a decrease of less than -3%. For Monday, August 29th, the current national mortgage rate for a 30 year fixed mortgage is 3.40%; the 15 year fixed rate is at 2.67%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 3.80%, while the 15 year jumbo rate currently is at 3.49%. You can calculate your mortgage rate with our mortgage calculators. Get local info and homes for sale in Palm Bay FL. View active real estate listings for different types of properties including new homes, houses for sale, foreclosures, short sales, and price reduced listings. Find information and property resources including prices of recently sold homes, neighborhood information, crime stats, home values, and schools in Palm Bay to help you find the best home!