Palm Bay Homes under $500,000

Palm Bay Homes under $500,000

Welcome to Palm Bay, Florida, a hidden gem nestled in the heart of Brevard County! With its stunning natural beauty, vibrant community, and a wealth of recreational opportunities, Palm Bay is the ideal destination for families, retirees, and anyone looking to embrace the Florida lifestyle. Known for its lush landscapes and proximity to the picturesque Indian River Lagoon, this city offers a unique blend of suburban charm and coastal living.

One of the most appealing aspects of Palm Bay is its diverse housing market, particularly for those seeking homes under $500,000. Whether you're a first-time homebuyer or looking to downsize, you'll find a variety of options that cater to different tastes and needs. From cozy single-family homes to spacious townhouses, the properties in this price range are not only affordable but also offer great value. Many homes boast modern amenities, open floor plans, and beautiful outdoor spaces perfect for entertaining or enjoying the warm Florida sunshine.

In addition to its appealing real estate options, Palm Bay is known for its strong sense of community and family-friendly atmosphere. Residents enjoy access to top-rated schools, numerous parks, and recreational facilities, making it an excellent place to raise a family. With the stunning beaches of the Atlantic Ocean just a short drive away, you can easily indulge in sun-soaked days and a plethora of water activities.

Discover the charm of Palm Bay, where affordable living meets a vibrant lifestyle—your dream home awaits!

Newest Palm Bay Homes under $500,000

1502 Willard Road Nw, Palm Bay
$450,000
3 Beds ⋅ 2 Baths ⋅ Melbourne Poultry Colony Add SubDv. ⋅ 32907 Zip Code
Virtually Staged. FIXER-UPPER WITH 2.34 ACRES, POOL & ENDLESS POTENTIAL IN PALM BAY! Opportunity awaits at 1502 Willard Road NW in Palm Bay! This 3-bedroom, 2-bath, two-story home sits on an impressive 2.34-acre lot with no HOA, offering approximately 1,926 heated sq ft, a fireplace, and a 2-car attached garage. This true fixer-upper needs repairs and updating, including a new roof, AC, and water heater, making it an excellent opportunity for investors, renovation specialists, or buyers ready to build equity. Outside you'll find an in-ground concrete pool, pool deck, wood deck, and outbuilding, plus plenty of land to create your own private retreat. Well and septic, not in a flood zone. Range, washer, and dryer convey. Seller is motivated. Bring your vision and schedule your showing today!

1502 Willard Road Nw, Palm Bay
2162 Henry Street Ne, Palm Bay
$200,000
3 Beds ⋅ 2 Baths ⋅ Powells Sub SubDv. ⋅ 32905 Zip Code
Move right in and enjoy the peace of mind that comes with major upgrades already completed! This solid block home combines timeless durability with modern finishes, featuring a newer kitchen with high-end stainless steel appliances and stunning Brazilian granite countertops. The fully updated bathrooms offer stylish finishes, spa-inspired fixtures, and elegant accents for a fresh, contemporary feel. Big-ticket improvements make this home an exceptional find! Enjoy a 2022 roof with architectural hurricane shingles and a 25-year warranty, newly installed energy-efficient windows, and a complete A/C system designed to keep you comfortable through Florida’s warmest months. Beyond the beautiful updates, you’ll appreciate the freedom of no HOA, low property taxes, and a neighborhood experiencing continued growth. Whether you’re searching for a place to call home or an investment opportunity, this property offers an appealing combination of modern upgrades, long-term value, and everyday comfort. With so many improvements already taken care of, all that’s left is to come see it for yourself. Schedule your showing today and discover everything this home has to offer!

2162 Henry Street Ne, Palm Bay
767 Aragon Avenue Ne, Palm Bay
$377,900
4 Beds ⋅ 3 Baths ⋅ Port Malabar Unit 05 SubDv. ⋅ 32905 Zip Code
NO HOA + INCOME SUITE POTENTIAL! Turnkey property has a screened patio looking over a large yard with a shed and plenty of room for your boat or RV! This 4BR/3BA home has a 2025 remodeled suite with its own entrance that could potentially be turned into an efficiency apartment/ADU capable of generating rental income. Every major big-ticket item has already been done for you, including a roof (2024), HVAC (2025), a completely remodeled main kitchen (2025), freshly painted (2024). Convenient location close to I-95, US-1, and prime shopping. Just 15 minutes from the BEACH! Furniture included (if desired). *Roof is metal (photos were taken before new roof was installed.) Principal of owner is a licensed real estate professional.

767 Aragon Avenue Ne, Palm Bay
1837 Coco Plum Street Ne, Palm Bay
$129,900
2 Beds ⋅ 2 Baths ⋅ Palm Bay Colony Sec 02 SubDv. ⋅ 32905 Zip Code
This 2/2 Palm Bay Colony home is on one of the BEST lots in the community. Situated on a corner lot right across from the community pool, clubhouse, tennis and pickleball courts, and shuffleboard. Easy access to the beach, shopping, dining, and medical facilities. You will enjoy the flexible space of the carport and extra-large screened porch. The backyard has horseshoe pits and an additional shed. Inside you will find a neutral color palette throughout. The dining room has custom built ins and is open to the large living room. An additional family room with custom built shelving spans the whole front of the home. The primary suite features multiple closets and en suite full bathroom with accessible shower. A great buy in a great area with affordable taxes and $45 a month HOA fee. You own the land, so no lot rent insecurity.

1837 Coco Plum Street Ne, Palm Bay
1331 Palau Street Se, Palm Bay
$305,000
4 Beds ⋅ 2 Baths ⋅ Port Malabar Unit 18 SubDv. ⋅ 32909 Zip Code
Virtually Staged. Discover this 4-bedroom, 2-bath home in Palm Bay, one of the fastest-growing cities on Florida’s Space Coast. Built in 2022, it offers 1,695 sq ft of bright, open living, with the kitchen flowing right into the living area. Solid surface counters, wood cabinets, and a full set of appliances make daily life easy, and the primary suite on the main floor has a walk-in closet. The 2-car garage and a spacious 80x125 lot add room to enjoy. No HOA and no CDD fees, so you keep more control over your costs. Palm Bay is close to I-95, Melbourne, and Space Coast beaches, with new homes, shops, and services continuing to arrive. A great chance to get into a growing area.

1331 Palau Street Se, Palm Bay
1531 Lucky Street Nw, Palm Bay
$305,000
4 Beds ⋅ 2 Baths ⋅ Port Malabar Unit 39 SubDv. ⋅ 32907 Zip Code
Virtually Staged. Looking for space and value on the Space Coast? This 2022-built, 4-bedroom, 2-bath home in Palm Bay has 1,695 sq ft of open living, a separate dining room, solid surface counters, wood cabinets, and all the appliances you need. The primary suite is on the main floor with a walk-in closet, and the 2-car garage and 0.23-acre lot give you room to spread out. No HOA and no CDD fees. Palm Bay is one of Brevard County’s largest and fastest-growing cities, with convenient access to I-95, nearby Melbourne, and Atlantic beaches. As the area keeps growing, this home puts you in a great position to be part of it.

1531 Lucky Street Nw, Palm Bay
199 Carmelite Avenue Nw, Palm Bay
$305,000
4 Beds ⋅ 2 Baths ⋅ Port Malabar Unit 14 SubDv. ⋅ 32907 Zip Code
Virtually Staged. Room to breathe in a growing community! This 2022-built, 4-bedroom, 2-bath home in Palm Bay sits on an oversized 0.26-acre lot (91x125) with 1,678 sq ft of open living. The kitchen and family room connect for easy everyday flow, and there is a separate dining room too. Solid surface counters, wood cabinets, and a full appliance package complete the kitchen. The main-floor primary suite has a walk-in closet, and the 2-car garage has an opener. No HOA and no CDD fees. Palm Bay is expanding fast, with easy access to I-95, Melbourne, and Space Coast beaches. A great way to get a larger lot in an area with a lot of momentum.

199 Carmelite Avenue Nw, Palm Bay
449 Truvall Street Sw, Palm Bay
$305,000
4 Beds ⋅ 2 Baths ⋅ Port Malabar Unit 19 SubDv. ⋅ 32908 Zip Code
Virtually Staged. Bright and open 4-bedroom, 2-bath home built in 2022, in the growing city of Palm Bay on Florida’s Space Coast. The open kitchen and family room feature stone counters, wood cabinets, and stainless steel appliances, with sliding doors leading to a large backyard, ideal for relaxing outdoors. The primary suite on the main floor has a walk-in closet. The lot also offers sidewalks, exterior lighting, and a private mailbox. No HOA and no CDD fees. Palm Bay offers easy access to I-95, Melbourne, and Atlantic beaches, and the area keeps expanding with new development. A good opportunity to buy in a market with momentum.

449 Truvall Street Sw, Palm Bay
210 Sarah Road Sw, Palm Bay
$396,000
4 Beds ⋅ 3 Baths ⋅ Port Malabar Unit 20 SubDv. ⋅ 32908 Zip Code
One or more photo(s) has been virtually staged--New Construction. This Luxurious 4-bedroom, 2.5 Bath Property is exquisitely built on an OVERSIZED LOT with all of the upgrades nestled in the heart of Palm Bay. Inside you will find a wonderfully open floor plan perfect for gatherings and entertaining. The capacious Chef's Kitchen is stylishly equipped with an island, solid wood cabinets, stainless steel appliances and ample storage. The contemporary living space is bursting with natural light and a flowing layout that is inviting and relaxing. Luxuriate in the vast Primary Suite that offers a collection of modern conveniences. This beautiful house is full of INCLUDED upgrades: solid wood soft close cabinets in the kitchen and in the bathrooms, luxury vinyl plank flooring (no carpet), and floor-to-ceiling tiles in the showers, granite countertops in the kitchen and baths, 9'4'' ceilings.

210 Sarah Road Sw, Palm Bay
228 Americana Boulevard Nw, Palm Bay
$293,000
4 Beds ⋅ 2 Baths ⋅ Port Malabar Unit 13 SubDv. ⋅ 32907 Zip Code
This spacious Palm Bay home is waiting for you! Functional layout, desirable features, and the opportunity to make it your own. Inside you will find dark brown cabinetry, ample storage, and a large pantry. Home is where you are planted, outside has no shortage of space and completely fenced with both privacy and vinyl, you are sure to have extra privacy and plenty of family fun in this backyard. The covered porch provides an inviting area to relax and enjoy Florida living. Schedule a showing today!

228 Americana Boulevard Nw, Palm Bay
365 Hanford Road Sw, Palm Bay
$325,000
3 Beds ⋅ 2 Baths ⋅ Port Malabar Unit 31 SubDv. ⋅ 32908 Zip Code
Welcome to 365 Hanford Rd SW in Palm Bay! This spacious 3-bedroom, 2-bath home offers 1,932 square feet of comfortable living space on a generous quarter-acre lot. The well-designed floor plan provides plenty of room for everyday living and entertaining, with an attached garage and ample outdoor space to enjoy the Florida lifestyle. Major updates include a 2026 water heater, 2021 roof and 2021 AC system, while the septic system was recently serviced, offering added peace of mind for its next owner. Conveniently located in southwest Palm Bay, the home offers easy access to local schools, shopping, dining, major roadways and everything the Space Coast has to offer. With these recent updates and a well-maintained septic system, this home is truly move-in ready. Whether you’re looking for your primary residence or your next Florida home, this property offers a great combination of space, location and value. Schedule your private showing today and come see everything 365 Hanford Rd SW has to offer!

365 Hanford Road Sw, Palm Bay
992 Banff Ne Drive Ne, Palm Bay
$429,500
4 Beds ⋅ 3 Baths ⋅ Reserve At Country Club Lakes Estates SubDv. ⋅ 32905 Zip Code
Virtually Staged. Pre-Construction. To be built. ***TO BE BUILT!*** Discover the ***WEBBER C*** on Lot 75 in gated Country Club Estates, thoughtfully designed for effortless Florida living. This spacious single-level home features MAIN-LEVEL LIVING, a PRIVATE PRIMARY SUITE, GUEST BEDROOM WITH FULL BATH & WALK-IN CLOSET, OPEN-CONCEPT KITCHEN, DINING AND GREAT ROOM, LARGE KITCHEN ISLAND, GENEROUS BEDROOMS, and a COVERED LANAI for relaxing or entertaining outdoors. Photos are from a similar home and may show options or upgrades not included. Enjoy scenic surroundings and a convenient Palm Bay location near beaches, parks, golf, shopping, dining, I-95, US-1, FL-192, major employers, and Orlando attractions. Opportunities to build in this sought-after community are limited—ask about current incentives, visit the model, and secure Lot 75 today!

992 Banff Ne Drive Ne, Palm Bay
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