Market Datavs. 1 year ago
30-year mortgage6.95%▲ +0.69 pts15-year mortgage6.26%▲ +0.85 pts10-year Treasury4.96%▲ +0.81 ptsMortgage spread1.99 pts▼ -0.12 ptsMedian list price (Aug)$425k▼ -1.3%List $/sqft (Aug)$224▼ -1.8%Days on market (Aug)60 +0 daysActive listings (Aug)1.14M▲ +3.6%New listings (Aug)402k▼ -0.1%Pending sales (Aug)452k▼ -0.6%Housing starts (Aug)1.28M▼ -1.2%Building permits (Aug)1.39M▲ +3.5%New-home sales (Jul)607k▼ -6.3%Existing-home sales (Aug)3.98M▼ -1.2%Months of supply (Jul)9.6▲ +0.4 moMortgage delinquency (Q2)1.86%▲ +0.08 pts
Updated 9:40 AM ET
Top Sales

Palm Bay, Florida Metro Area Top 5 Home Sales: Merritt Island Closing Reaches $1.95 Million

A riverfront property on 1.65 acres in Merritt Island sold for $1.95 million, the highest reported home sale in the Palm Bay, Florida metro area for the week ending September 20, 2026.

Palm Bay, Florida Metro Area Top 5 Home Sales: Merritt Island Closing Reaches $1.95 Million

The house at 234 Serenity Point Ln was built in 1968, sits at the end of a private entrance road on Merritt Island, and previously changed hands for $799,900 in 2016. Its September 18 closing topped five reported home sales in the Palm Bay, Florida metro area for the week ending September 20, 2026, a group that combined for $7.27 million.

Water runs through most of the list: a private dock at the top sale, a deeded marina slip at No. 2, a waterfront homesite at No. 3 and beach access at No. 5. The addresses cluster too, with two closings on Merritt Island, two on the same street in the Laurasia community in Melbourne, and one in Melbourne Beach.

No. 1 — $1,950,000 · 234 Serenity Point Ln, Merritt Island, Florida

Top home sale No. 1 in the Palm Bay, Florida metro area β€” 234 Serenity Point Ln, Merritt Island, Florida, week ending September 20, 2026

A private entrance road and a circular drive serve 234 Serenity Point Ln, which occupies 1.65 acres of riverfront ground on Merritt Island. The sale closed at $1,950,000 on September 18, 2026. The 1968 house holds three bedrooms and three baths across a reported 2,699 square feet, along with a dedicated office in addition to the bedrooms.

The plan is organized around the water. The updated kitchen looks out on panoramic river views and runs into the gathering and entertaining rooms, which in turn open directly to the grounds. Hurricane-rated windows, sliders and exterior doors are fitted throughout the house.

Outside, the property carries a private dock, a pool and spa, a pickleball court, a pavilion, a firepit gathering area and a putting green, with open recreation ground across the rest of the 1.65-acre parcel.

Shari L Abbott of BHHS Florida Realty was the listing agent. The transaction ranked No. 1 in RealtyWire’s Top 5 reported home sales for the Palm Bay, Florida metro area for the week ending September 20, 2026. Nicole Lovin Miller of Blue Marlin Real Estate represented the buyer.

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No. 2 — $1,400,000 · 110 Utopia Cir, Merritt Island, Florida

Top home sale No. 2 in the Palm Bay, Florida metro area β€” 110 Utopia Cir, Merritt Island, Florida, week ending September 20, 2026

The custom house at 110 Utopia Cir was completed in 2014 on a 1.16-acre homesite in Egrets Cove, a boating community on Merritt Island with access to both the Indian River and the Banana River. The September 15, 2026 closing at $1,400,000 carried a deeded slip in the community marina with it. The house has four bedrooms, four baths and a reported 3,879 square feet.

Chiseled travertine floors run through the main level, where a formal dining room sits under a coffered ceiling and a private home office adjoins the main gathering rooms. The kitchen is fitted with granite countertops, a gas cooktop, double ovens, a walk-in pantry and casual bar seating. The split primary suite has dual vanities, his-and-hers walk-in closets, a garden soaking tub and an oversized glass walk-in shower, and a second main-level bedroom sits beside a full bath. Upstairs, an oversized bonus room with a service bar opens onto a private balcony above the river, and it was structurally reinforced for sound control and for the weight of a pool table.

At the back of the property, a heated pool and spa with a cascading waterfall sit beside an outdoor shower and a screened lanai prepped for an outdoor kitchen. A whole-house generator, impact windows, a solar water heater and a solar attic fan serve the house, and parking is a three-car garage.

DeWayne Carpenter of Compass Florida, LLC was the listing agent. The property went under contract 25 days after the current listing date and closed at its full asking price, ranking No. 2 among reported home sales in the Palm Bay, Florida metro area for the week. Stuart M Brown of RE/MAX Elite represented the buyer.

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No. 3 — $1,400,000 · 2502 Edestus Dr, Melbourne, Florida

Top home sale No. 3 in the Palm Bay, Florida metro area β€” 2502 Edestus Dr, Melbourne, Florida, week ending September 20, 2026

A newly completed house at 2502 Edestus Dr changed hands on September 18, 2026 for $1,400,000, and it had not been occupied before the sale. The Altamura II plan gives it five bedrooms, five baths, a loft and a three-car garage across a reported 3,884 square feet.

The house stands on one of the water lots in Laurasia, a newer community in Viera, with water views from the front and the back. Quartz forms a waterfall island in the kitchen, which also has a gas cooktop and a walk-in power pantry.

The back yard was laid out for entertaining, with a saltwater pool and spa and an outdoor summer kitchen facing the water, and impact windows are fitted throughout. The Avenue Viera shopping and dining district is nearby.

Heather Wright of Denovo Realty listed the house, which went under contract one day after the current listing date and closed $1,000 above its final asking price of $1,399,000, ranking No. 3 in RealtyWire’s Palm Bay, Florida metro area Top 5 for the week. Michael Janik of Keller Williams Realty Brevard represented the buyer.

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No. 4 — $1,297,264 · 2652 Edestus Dr, Melbourne, Florida

Top home sale No. 4 in the Palm Bay, Florida metro area β€” 2652 Edestus Dr, Melbourne, Florida, week ending September 20, 2026

The fourth-ranked sale came from the same street. The house at 2652 Edestus Dr, also in Laurasia, was completed in 2026 and changed hands for $1,297,264 on September 15, 2026. The property record reports four bedrooms, five baths and 3,696 square feet.

Detailed listing remarks were not available for this property, so nothing further about the house is reported here. The sale ranked No. 4 in RealtyWire’s Top 5 reported home sales for the Palm Bay, Florida metro area for the week ending September 20, 2026.

The listing agent for the sale could not be verified. Matthew R Stebbins of Dalton Wade, Inc. represented the buyer.

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No. 5 — $1,225,000 · 365 Strand Dr, Melbourne Beach, Florida

Top home sale No. 5 in the Palm Bay, Florida metro area β€” 365 Strand Dr, Melbourne Beach, Florida, week ending September 20, 2026

A two-story villa at Harbor Island Beach Club in Melbourne Beach sold for $1,225,000 on September 14, 2026. Built in 2022 and sold fully furnished, it holds six bedrooms across a reported 4,075 square feet.

The bedrooms are all upstairs, set apart from the ground-floor rooms, which open to a private pool and lanai. The villas in the group are decorated to individual themes, each one including a themed children’s bedroom, and this house was set up for owner use and for short-term rental, with professional management available.

Private beach access is a short walk from the house, and the community’s amenities include a spa and boat slips.

David Cable of RE/MAX Elite represented the listing side of a sale that closed at full asking price and ranked No. 5 among reported home sales in the Palm Bay, Florida metro area for the week ending September 20, 2026. Lance Wolfe of EXP Realty, LLC represented the buyer.

See this property in Google Street View →


RealtyWire selected these transactions from publicly reported residential sales identified for the calendar week ending Sunday, September 20, 2026. The report may exclude private, off-market, delayed or nondisclosed transactions. Prices, property details and professional representation are reported as available at publication and may be updated following confirmation from transaction participants.

Were you involved in one of these transactions? Contact RealtyWire to verify or correct your professional credit or submit information for a future edition.

See full market data on our Palm Bay, Florida market page.

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