Living in Florida's Space Coast
Falls of Palm Bay
Falls of Palm Bay is a small gated pocket on the west side of the city, off Malabar Road roughly half a mile past Minton Road. It was built in two waves, a first round in 2007 and a second a decade later, which is why houses ten years apart in age share the same street. Dues are billed quarterly and run from $174 to $300.
Falls of Palm Bay In Palm Bay, Florida
The corporate paper trail tells the story better than any brochure would. The Falls of Palm Bay, LLC was registered with the state in 2005, the ground was platted as Falls of Palm Bay PUD, and the homeowners association corporation followed in 2006. Then the market stopped. Two new entities, Falls of Palm Bay Builders and Falls of Palm Bay Investors, were both registered in 2015, and the second wave of houses went up around 2017.
That history is visible on the ground. Houses run 1,830 to 2,910 square feet with four or five bedrooms and two to four baths, most of them two story, concrete block and stucco with some frame construction and shingle roofs. Storm shutters came with several. Garages are two car. Lots are compact, from about 0.13 to a shade under a quarter acre, which is normal for a planned unit development of this vintage in west Palm Bay.
The association is the part to read carefully. Assessments here have been quoted anywhere from $174 to $300 a quarter, the names attached to different houses are not consistent, and the original association corporation registered in 2006 now shows as inactive on the state register. None of that means there is a problem, but it does mean you should ask in writing who bills the assessment, what it covers, and who holds the governing documents.
Street naming runs to waterfalls. Great Falls Lane carries most of the addresses, with Alamere Drive and a Snapdragon Drive address also turning up under the Falls name. Ponds sit behind part of the community, so pond views show up on a good share of the houses without any of them being true lakefront. Malabar Road is the dividing line for postal service here, which is why the pocket carries both 32908 and 32907 addresses.
Prices sit in a tight band, $382,500 to $435,000, with the middle around $404,750 and roughly $181 a square foot. The number worth knowing is how long houses take to move: something like six and a half months, the slowest of any community in this size range on the west side. Annual tax bills have run about $2,000 to $3,900 depending on age and homestead status.
Falls of Palm Bay At A Glance
Falls of Palm Bay, line by line.
| Detail | What you get |
|---|---|
| Detail | Value |
| Location | Off Malabar Road about half a mile west of Minton Road, west Palm Bay 32908 and 32907 |
| Built | Two phases, 2007 and around 2017 |
| Home size | 1,830 to 2,910 square feet, about 2,578 typical |
| Bedrooms | Four to five, with two to four baths |
| Levels | Mostly two story |
| Lot size | 0.13 to 0.23 of an acre, about 0.16 typical |
| Construction | Concrete block and stucco with some frame, shingle roofs, storm shutters on several |
| Association | Mandatory. Quoted between $174 and $300 per quarter under the Falls of Palm Bay PUD. The 2006 association corporation now shows inactive on the state register, so confirm the current billing entity in writing |
| Gated | Yes, with a security gate and camera coverage at the entrance |
| Amenities | Playground and common area grounds, a lean package compared with larger Palm Bay communities |
| Garage | Two car |
| Water frontage | Ponds behind part of the community, pond views on several homesites |
| Utilities | City water and public sewer |
| Price range | $382,500 to $435,000, typical $404,750 |
| Price per square foot | Around $181 |
| Streets | Great Falls Lane, Alamere Drive |
Falls of Palm Bay Details
Two Build Waves, One Plat
The first houses date to 2007 and the second group to around 2017, with the recession sitting in the gap. Two houses on the same street can be a decade apart in roof age, wiring standard and window package, and priced within twenty thousand dollars of each other.
Read The Association Paperwork
Fees quoted here range from $174 to $300 a quarter, and the association corporation registered in 2006 now shows as inactive with the state. That is a question to answer before you go under contract, not after. Ask who bills, what the assessment covers, and where the governing documents live.
A Very Narrow Price Band
Sale prices cluster between $382,500 and $435,000, a spread of barely fifty thousand dollars across a size range from 1,830 to 2,910 square feet. That means the larger houses are the better value per foot here, and the smaller ones are priced for the gate and the location rather than the space.
Slow To Move
Houses here have taken around six and a half months to go under contract. Small communities with a short amenity list and no builder presence simply do not get the same traffic. As a buyer that is leverage. As a future seller it is a timeline you need to plan around.
Two ZIP Codes, One Neighborhood
Malabar Road splits postal service in this part of the city, so addresses in and around the community carry both 32908 and 32907. It matters for insurance quotes and for online searches, where a filter set to one ZIP will quietly hide half the neighborhood from you.
Ponds, Not Lakefront
There is water behind part of the plat and pond views show up on several houses, but nothing here is true lakefront and none of it is navigable. Price the view as a pleasant backdrop rather than as waterfront, because that is how the market has treated it.
Homes For Sale In Falls of Palm Bay
Anything currently listed in Falls of Palm Bay appears below. This is a small community and listings are infrequent, so it is worth an alert if the timing does not line up today.
Falls of Palm Bay Frequently Asked Questions
When was Falls of Palm Bay built?
In two phases. The first houses date to 2007, then construction stopped with the market. New development entities were registered in 2015 and the second wave went up around 2017. The plat name on paperwork reads Falls of Palm Bay PUD.
Is Falls of Palm Bay gated?
Yes. There is a security gate at the entrance with camera coverage. The gate is one of the reasons the quarterly assessment exists at all, since the amenity list beyond it is short.
What are the association dues?
Quoted figures have ranged from $174 to $300 a quarter, and the numbers are not consistent from house to house. The 2006 association corporation shows as inactive on the state register, so ask the seller and the current administrator directly for the billing entity, the amount and the budget.
How many homes have water views?
Ponds sit behind part of the community and pond views appear on a good share of the houses. None of it is lakefront in the traditional sense and none of it is navigable water, so treat the view as an amenity rather than as a boating feature.
Why do homes take so long to sell here?
Around six and a half months is typical. A small community without a builder sales office, an active amenity center or heavy signage from the main road gets less foot traffic. If you are buying, that patience works in your favor on price.
Which ZIP code is this?
Both. Malabar Road divides postal service in this part of west Palm Bay, so you will see 32908 on most of the addresses and 32907 on some. Use the plat name rather than the ZIP when you are comparing houses online.
How does it compare with Parkside West?
Parkside West is a larger gated community further west along Malabar Road toward St Johns Heritage Parkway, built by a national builder over a nine year run, with a higher quarterly assessment and a community pool. Falls of Palm Bay is smaller, closer to Minton Road and leaner on amenities.
What is the commute like?
Malabar Road runs east to Minton Road and on to I-95 at exit 173, and west to St Johns Heritage Parkway which meets I-95 at exit 166. Melbourne, the airport and the Palm Bay employment corridor are all a reasonable drive from either direction.
Great Falls Lane, Palm Bay 32908
Falls of Palm Bay sits on the west side of the city along Malabar Road, roughly half a mile past Minton Road heading west. Great Falls Lane is the main address inside the gate, with Alamere Drive off it. Coming from the east you take Palm Bay Road to Minton, then Minton south to Malabar and turn west. Coming from the interstate, Malabar Road at exit 173 puts you a short run away.
This is the part of Palm Bay where the city thins out into newer subdivisions and stretches of undeveloped land, with St Johns Heritage Parkway opening up the western edge. Everyday shopping means backtracking east toward Minton Road and Palm Bay Road. Melbourne, Melbourne Orlando International Airport and the causeways east are all reachable without touching a beach road, since Palm Bay is inland and the ocean is a drive across the water to the east.
Near Falls of Palm Bay In Merritt Island
Considering Falls of Palm Bay?
This is a community where the paperwork deserves more attention than the paint colors, because the assessment figures vary from house to house and the association record is worth a careful look. My partner Nichole and I will chase down the governing documents and the current budget before you commit, and we will tell you honestly whether the price reflects the six month selling window. Call or text (321) 212-7676.
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