OFF MARKET

Off market

—

•

— ba

•

12,600

sq ft

500 Malabar Rd SW, Palm Bay, FL 32907

About this home

500 Malabar Rd SW is a 12,600 square foot multi-family home on a 21.27 acre lot.

Multi-familyProperty Type

1999Year Built

21.27 acresLot Size

Source:Public Records

Redfin Estimate

There isn’t enough information to generate an accurate estimate at this time. Learn More

Market trends in 32907, FL

Last updated September 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-List Price

97.8%

0.3% MoM

Median sale price

$325K

$3K MoM

Avg. days on market

54d

7 days MoM

Recently sold homes

291

21 MoM

New listings for sale

NEW 3 HRS AGO
$195,000
3 beds2 baths1,555 sq ft
1195 Emerson Dr NE, Palm Bay, FL 32907
OPEN SAT, 10AM TO 12PM
$299,900
3 beds2 baths1,472 sq ft
353 NW Rheine Rd NW, Palm Bay, FL 32907
NEW 32 HRS AGO
$465,000
4 beds2.5 baths2,667 sq ft
660 Veridian Cir NW, Palm Bay, FL 32907
NEW 34 HRS AGO
$229,000
2 beds2 baths886 sq ft
940 Kenmore St NW, Palm Bay, FL 32907
NEW 35 HRS AGO
$189,990
3 beds2 baths1,394 sq ft
1338 Coral Reef Ave NW, Palm Bay, FL 32907
NEW 1 DAY AGO
$300,000
3 beds2 baths1,222 sq ft
1561 Lucky St NW, Palm Bay, FL 32907
$119,000
2 beds2 baths672 sq ft
290 Blossom Ln NE, Palm Bay, FL 32907
$165,000
3 beds2 baths1,130 sq ft
534 Rheine Rd NW, Palm Bay, FL 32907
$369,500
3 beds2 baths1,352 sq ft
812 NW Banks St NW, Palm Bay, FL 32907
$315,000
2 beds2 baths910 sq ft
496 Brookedge St NE, Palm Bay, FL 32907
See all

Provided by Redfin

Sale history for 500 Malabar Rd SW

As the MLS and public records start to fill up, we'll list the details here.

Year

Property tax

Land + Additions

Assessment*

2025

$568,455 (+3.3%)

2024

$550,319 (+8.3%)

2023

$508,359 (+16.0%)

2022

$438,300 (+15.8%)

2021

$378,654 (+1.8%)

2020

$371,821 (−6.1%)

$1,276,800 + $17,023,200

$18,300,000

2019

$396,011 (+9.5%)

$1,276,800 + $16,740,200

$18,017,000

2018

$361,573 (−1.0%)

$1,276,800 + $16,523,200

$17,800,000

2017

$365,314 (+8.5%)

$15,850,000

2016

$336,689 (+131.2%)

$14,900,000

2015

$145,626 (+2.8%)

$1,216,000 + $4,684,000

$5,900,000

2014

$141,610

Tax history for 500 Malabar Rd SW

Year

Property tax

Land + Additions

Assessment*

2025

$568,455 (+3.3%)

2024

$550,319 (+8.3%)

2023

$508,359 (+16.0%)

2022

$438,300 (+15.8%)

2021

$378,654 (+1.8%)

2020

$371,821 (−6.1%)

$1,276,800 + $17,023,200

$18,300,000

2019

$396,011 (+9.5%)

$1,276,800 + $16,740,200

$18,017,000

2018

$361,573 (−1.0%)

$1,276,800 + $16,523,200

$17,800,000

2017

$365,314 (+8.5%)

$15,850,000

2016

$336,689 (+131.2%)

$14,900,000

2015

$145,626 (+2.8%)

$1,216,000 + $4,684,000

$5,900,000

2014

$141,610

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Zoning

RM-15

Single, Two, Multiple-Family Residential District

The provisions of this district are intended to apply to an area of medium density residential development with a variety of housing types. Lot sizes and other restrictions are intended to promote medium density development while maintaining an adequate amount of open space for such development.

Permitted uses

Include but are not limited to:

Housing-Single unit
Housing-Multiple units
Housing-Senior
Infrastructure
Public service
Recreation
Park & open space

Property details

Interior

Bathroom Information
# of Bathroom Fixtures: 128

Heating & Cooling
Air Conditioning Type: Dual Unit
Heating Type: Forced Air

Exterior

Exterior Information
Foundation Type: Slab
Construction Type: Wood/Steel
Building Construction Quality: Average
Exterior Wall: Stucco
Roof Framing Type: Wood
Roof Shape Type: Wood Truss
Building Type: Apartment Low Rise

Property Information
Subdivision Name: ACREAGE
Living Sq. Ft: 12,600
Adjusted Gross Sq. Ft: 12,943
Ground Floor Sq. Ft: 6,300
Building Sq. Ft: 13,971
# of Units: 306
# of Stories: 2
Stories Type: 2
Legal Description: PT OF N 1/2 OF NW 1/4 AS DESC IN ORB 3004 PGS 880, 882, EXC RD R/W PAR 255

Lot Information
# of Buildings: 21
Land Sq. Ft: 926,521
Legal Block Number: 254
Municipality Name: PALM BAY
Acres: 21.27
Zoning Code: RM15
County Use Description: LOW RISE APTS 50 UNITS+

Utility Information
Electricity / Wiring Type: Average Wiring

Financial

Assessor Information
Assessment Year: 2025
Tax Area: PALM BAY

Public facts

Beds: —
Baths: —
Sq. Ft.: 12,600
Stories: 2.0
Lot Size: 21.27 acres
Style: Multi-Family (5+ Unit)
Year Built: 1999
Year Renovated: 2010
County: Brevard County
APN: 29 3601-00-254

Home facts updated by county records on Jul 27, 2026

Around this home

Schools

Jupiter Elementary School

Public PreK-6 • Assigned • 1.0mi

5/10

Southwest Middle School

Public 7-8 • Assigned • 1.7mi

3/10

Heritage High School

Public 9-12 • Assigned • 3.5mi

4/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

3/10 Flood Factor

Estimated 10-14% chance of a flood reaching the building in the next 30 years

3/10 Fire Factor

0.15% chance of being in a wildfire in next 30 years

10/10 Heat Factor

7 days above 106° expected this year, 23 days in 30 years

10/10 Wind Factor

99% chance of strong winds in next 30 years

1/10 Air Factor

0 unhealthy days expected this year, 0 days in 30 years

Provided by First Street

Historical weather

Palm Bay, FL • 32907

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 8.8 hours in June and 6.8 hours in December, placing it above the U.S. average for solar exposure.

8.8 hrs

6.8 hrs

JuneDecember

Provided by Shadowmap

Is this your home?

Track this home’s value and nearby sales activity

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New listings for sale in 32907

NEW 3 HRS AGO

$195,000

3 beds2 baths1,555 sq ft

1195 Emerson Dr NE, Palm Bay, FL 32907

OPEN SAT, 10AM TO 12PM3D WALKTHROUGH

$299,900

3 beds2 baths1,472 sq ft

353 NW Rheine Rd NW, Palm Bay, FL 32907

NEW 32 HRS AGO3D WALKTHROUGH

$465,000

4 beds2.5 baths2,667 sq ft

660 Veridian Cir NW, Palm Bay, FL 32907

NEW 34 HRS AGO

$229,000

2 beds2 baths886 sq ft

940 Kenmore St NW, Palm Bay, FL 32907

NEW 35 HRS AGO

$189,990

3 beds2 baths1,394 sq ft

1338 Coral Reef Ave NW, Palm Bay, FL 32907

NEW 1 DAY AGO

$300,000

3 beds2 baths1,222 sq ft

1561 Lucky St NW, Palm Bay, FL 32907

$119,000

2 beds2 baths672 sq ft

290 Blossom Ln NE, Palm Bay, FL 32907

$165,000

3 beds2 baths1,130 sq ft

534 Rheine Rd NW, Palm Bay, FL 32907

$369,500

3 beds2 baths1,352 sq ft

812 NW Banks St NW, Palm Bay, FL 32907

Home values near 500 Malabar Rd SW

Data from public records.

Address	Redfin Estimate
204 Garvey Road Southwest, Palm Bay, FL 3 Beds \| 2 Baths \| 1763 Sq. Ft.	$329,155
241 Paquita Circle Southwest, Palm Bay, FL 4 Beds \| 2 Baths \| 2240 Sq. Ft.	$350,177

Address	Redfin Estimate
614 Toni Street Southwest, Palm Bay, FL 3 Beds \| 2 Baths \| 1372 Sq. Ft.	$257,916
211 Paquita Circle Southwest, Palm Bay, FL 4 Beds \| 3 Baths \| 2457 Sq. Ft.	$399,675

Address	Redfin Estimate
235 Paquita Circle Southwest, Palm Bay, FL 4 Beds \| 3 Baths \| 3000 Sq. Ft.	$424,604
217 Paquita Circle Southwest, Palm Bay, FL 4 Beds \| 2 Baths \| 1754 Sq. Ft.	$326,099

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GreatSchools Ratings provided by GreatSchools.org.

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