Market Datavs. 1 year ago
30-year mortgage6.67%▲ +0.09 pts15-year mortgage5.96%▲ +0.25 pts10-year Treasury4.68%▲ +0.39 ptsMortgage spread1.99 pts▼ -0.30 ptsMedian list price$429k▼ -2.4%List $/sqft$226▼ -2.2%Days on market57▼ -1 daysActive listings1.13M▲ +2.1%New listings424k▼ -2.5%Pending sales470k▲ +1.9%Housing starts1.43M▲ +3.5%Building permits1.37M▼ -1.8%New-home sales628k▼ -5.6%Existing-home sales4.06M▲ +0.7%Months of supply9.3▲ +0.3 moMortgage delinquency1.89%▲ +0.12 pts
as of Aug 2026
Top Sales

Top 5 Home Sales in the Palm Bay, Florida Metro Area β€” Week Ending August 9, 2026

The five highest-priced home sales reported in the Palm Bay, Florida metro area for the week ending August 9, 2026, totaled $11.34 million, led by a $4,660,000 oceanfront sale in Melbourne Beach.

Top 5 Home Sales in the Palm Bay, Florida Metro Area β€” Week Ending August 9, 2026

The five highest-priced home sales publicly reported in the Palm Bay, Florida metro area for the week ending August 9, 2026, combined for $11.34 million. The week was led by a $4,660,000 oceanfront closing in Melbourne Beach, where a six-bedroom home with 100 feet of direct Atlantic frontage changed hands on August 3.

The remaining sales were spread across Cocoa Beach, Merritt Island and Palm Bay, running from a riverside estate near the Banana River to a newly built custom home on 2.53 acres.

RealtyWire’s Top 5 ranks the five highest-priced residential closings it identified in the Palm Bay, Florida metro area for the reporting week. It may omit private, delayed, nondisclosed, or otherwise unreported transactions.

No. 1 — $4,660,000 · 9255 Highway A1a, Melbourne Beach, Florida

Top home sale No. 1 in the Palm Bay, Florida metro area β€” 9255 Highway A1a, Melbourne Beach, Florida, week ending August 9, 2026

The week’s top sale closed on August 3, 2026, when an oceanfront home at 9255 Highway A1A in Melbourne Beach sold for $4,660,000, the highest price among the metro area’s publicly reported closings for the week. Built in 2009, the six-bedroom, five-bath residence offers a reported 5,822 square feet across a multi-level design organized around its 100 feet of direct Atlantic frontage. According to the listing, walls of glass, sliding doors, balconies and patios keep the ocean in view from nearly every room, while a well-planned kitchen, multiple dining areas and wet bars placed throughout the home are set up for entertaining.

The primary suite includes a spa bath, a private wet bar with a mini-fridge and its own oceanfront balcony, and third-floor vantage points pick up river views across A1A. Custom closet systems, an oversized three-car garage and a lower-level lounge and wine cellar complete the home, and the listing notes that room sizes are approximate and subject to error.

Robin Burgarella of Dale Sorensen Real Estate Inc. was the listing agent. Susan Choate of Lokation Real Estate represented the buyer.

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No. 2 — $3,000,000 · 7 COVE VIEW COURT, Cocoa Beach, Florida

Top home sale No. 2 in the Palm Bay, Florida metro area β€” 7 COVE VIEW COURT, Cocoa Beach, Florida, week ending August 9, 2026

At 7 Cove View Court in Cocoa Beach, a Tuscany-inspired riverside home in the Sunset Cove neighborhood closed for $3,000,000 on August 6, 2026. The seven-bedroom, six-bath house, built in 2002 with a reported 4,967 square feet, sits between the Banana River and the Atlantic Ocean and comes with riverfront views, a private dock and a waterfront balcony.

The kitchen is outfitted with dual ovens, a gas cooktop island and stainless steel appliances, and the downstairs owner’s suite overlooks the river alongside a guest bedroom and full bath. Upstairs, five bedrooms and two full baths, including a Jack-and-Jill layout, open to a balcony. Outside, a heated saltwater pool and spa overlook the water, and a screened pavilion covers outdoor dining.

Ramyah Alrayyis of LPT REALTY, LLC represented both sides of the transaction.

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No. 3 — $1,538,000 · 190 Stewart Dr, Merritt Island, Florida

Top home sale No. 3 in the Palm Bay, Florida metro area β€” 190 Stewart Dr, Merritt Island, Florida, week ending August 9, 2026

On Merritt Island, a six-bedroom home at 190 Stewart Dr in the Hacienda Del Sol Estates neighborhood closed for $1,538,000 on August 4, 2026. The 1999-built pool home offers a reported 3,438 square feet and three baths on more than two acres fronting Honeymoon Lake, with direct access to the Indian River.

The kitchen pairs tall white cabinets with granite countertops and backsplash, stainless steel appliances, a breakfast bar and an island, while the owner’s suite has double walk-in closets, a separate tub and shower and dual vanities. Two separate upstairs areas can serve as extra bedrooms, gyms or bonus rooms. From the balcony or the solar-heated pool, the backyard’s northern exposure takes in both sunrise and sunset views, and the listing cites a 2018 barrel tile roof, two new HVAC systems and a boat lift already in place.

Michael Carey Heissenbuttel and Cole Bennett of Keller Williams Realty Brevard were the listing agents. Lauri Toth of RE/MAX Aerospace Realty represented the buyer.

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No. 4 — $1,125,000 · 131 CAVALIER STREET, Palm Bay, Florida

Top home sale No. 4 in the Palm Bay, Florida metro area β€” 131 CAVALIER STREET, Palm Bay, Florida, week ending August 9, 2026

In Palm Bay, a newly built custom home at 131 Cavalier Street in the Deer Run neighborhood closed for $1,125,000 on August 7, 2026. Completed in 2025, the five-bedroom, three-bath house offers a reported 3,338 square feet on 2.53 acres where horses are allowed. A premium bi-fold door system opens the house to the porch, which is finished with a PVC ceiling, and the interior features soaring ceilings, eight-foot doors, sleek linear air-conditioning vents and an ensuite guest room.

The kitchen centers on an oversized island with a hidden pantry and custom cabinets with pull-out drawers, while the primary bath includes a 13-by-5.8-foot shower with rain and dual shower heads, a floating tub and a makeup desk. Impact windows and doors, upgraded insulation, dual high-efficiency air-conditioning systems, a deep well and a separate outbuilding with electricity and internet round out the property.

Silvia Mozer of RE/MAX ELITE was the listing agent.

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No. 5 — $1,015,000 · 3028 Newfound Harbor Dr, Merritt Island, Florida

Top home sale No. 5 in the Palm Bay, Florida metro area β€” 3028 Newfound Harbor Dr, Merritt Island, Florida, week ending August 9, 2026

The week’s fifth sale closed on August 7, 2026, when a direct Banana River home at 3028 Newfound Harbor Dr on Merritt Island sold for $1,015,000. The three-bedroom, two-bath house, built in 1974 with a reported 2,320 square feet, sits on 0.35 acres with nearly 90 feet of direct river frontage at Horti Point in the Newfound Harbor area.

A complete renovation in 2022 gave the kitchen solid wood cabinetry with soft-close drawers, a spacious center island, quartz countertops, a tiled backsplash and stainless steel appliances with an induction range, and Brazilian cherry wood floors run through the main rooms. The upstairs primary suite includes a double-sink vanity, an updated walk-in shower and spacious closets. The dock area was rebuilt in 2017 with a coquina seawall, a double-decker viewing platform and a covered boat lift, and the listing also cites a 2022 roof, 2022 plumbing and 2016 impact windows.

Dillon Bout of Blue Marlin Real Estate represented both sides of the transaction.

See this property in Google Street View →


RealtyWire selected these transactions from publicly reported residential sales identified for the calendar week ending Sunday, August 9, 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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