Living in Florida's Space Coast
Lake Mina
Lake Mina is a short run of new custom homes on Market Circle NE, just off Port Malabar Boulevard east of Babcock Street. Lots sit at roughly nine tenths of an acre, which is nearly unheard of with city water and sewer already at the street. Homes were finished in 2023 and 2024. There is no association and no dues.
Lake Mina In Palm Bay, Florida
Lake Mina is small and easy to miss. It is Market Circle NE, a single street off Port Malabar Boulevard NE a block east of Babcock Street, in the 32905 zip code on the older north side of Palm Bay. What sets it apart is the lot size. Homesites here run 0.88 to 0.90 of an acre, close to a full acre each, in a part of the city where quarter acre lots are the standard.
The combination that makes this street unusual is acreage plus municipal service. City water and public sewer serve these homes. Almost everywhere else in Brevard County where you can buy nine tenths of an acre, you are also buying a well and a septic tank and the maintenance that comes with both. Here you get the land without the utility tradeoff, which is a genuinely narrow category.
The houses are new. All of them were completed in 2023 or 2024, running 2,340 to 2,475 square feet with four or five bedrooms, three baths and two or three car garages. Construction is stucco over block and poured concrete with shingle roofs and contemporary elevations. Half have heated in ground pools, some screened, and owners have added things like whole home filtration, tankless water heating and level two vehicle charging.
There is no homeowners association here, no assessments and no architectural review. On lots this size that matters: RV and boat parking, detached garages, workshops and outbuildings become a conversation with the city rather than with a board. Verify what current Palm Bay code allows on your specific parcel before you count on any of it, but the absence of private restrictions widens your options considerably.
Prices run $609,000 to $700,000 with a typical figure around $657,000, and at roughly $277 a square foot this is the highest cost per foot in this group of Palm Bay neighborhoods. You are paying for new construction, for land, and for the fact that this particular combination hardly exists elsewhere in the city. Homes have taken about two months to find a buyer, which is fair for the price band.
Lake Mina At A Glance
The essentials on Lake Mina.
| Detail | What you get |
|---|---|
| Detail | Value |
| Location | Market Circle NE off Port Malabar Boulevard NE, east of Babcock Street, Palm Bay 32905 |
| Built | 2023 and 2024 |
| Home size | 2,340 to 2,475 square feet, about 2,427 typical |
| Bedrooms | Four to five, with three baths |
| Levels | Single story on most |
| Lot size | 0.88 to 0.90 of an acre |
| Construction | Stucco over block and poured concrete, shingle roofs, contemporary elevations |
| Association | None. No homeowners association, no dues, no architectural review |
| Utilities | City water and public sewer, which is rare at this lot size |
| Pools | Half the homes have heated in ground pools, some screened and salt water |
| Garage | Two to three car, with room on the lot for more |
| Price range | $609,000 to $700,000, typical $657,000 |
| Price per square foot | Around $277, the highest in this part of Palm Bay |
| Streets | Market Circle NE |
Lake Mina Details
Almost An Acre On City Sewer
Nine tenths of an acre with municipal water and sewer at the street is the entire argument for this neighborhood. Acreage in Brevard County normally means a well, a septic system and a drain field. Here you get the land and keep the utility bill simple.
No Association At All
No dues, no board, no approval process for a fence color or a shed. On lots this size that translates into real freedom for boat and RV parking, detached shops and outbuildings, subject only to what the City of Palm Bay allows on your parcel.
Brand New, Already Improved
Every house dates to 2023 or 2024, and owners have not waited to upgrade. Heated pools with spas and waterfalls, stamped concrete decking, whole home filtration, tankless water heating and vehicle charging have all been added since completion.
Room To Build More
Nine tenths of an acre leaves substantial cleared and usable yard behind the house even after a pool. That is where the extra garage, the workshop or the RV pad goes. It is the reason buyers pick this street over a larger house on a tenth of an acre elsewhere.
Turkey Creek Sanctuary Minutes Away
The city's Turkey Creek Sanctuary at 1518 Port Malabar Boulevard NE, with the Margaret Hames Nature Center and its boardwalk system, is right along the same road. It is a short trip from Market Circle for a walk under the canopy.
A Small Street In An Old Grid
Lake Mina sits inside the established 32905 side of Palm Bay, surrounded by houses that are decades older. That means mature surroundings and quick access to Palm Bay Road, but it also means your new build is the exception on the block, not the rule.
Homes For Sale In Lake Mina
Whatever is currently for sale on Market Circle NE and the immediate area is listed below. With only a handful of homes here, availability is occasional rather than steady.
Lake Mina Frequently Asked Questions
Is there a homeowners association at Lake Mina?
No. There is no association, no dues and no architectural review committee. Your restrictions come from City of Palm Bay code and from anything written into the deed for your specific parcel, so read the title work rather than assuming there is nothing at all.
Are the lots really almost an acre?
Yes. Homesites run 0.88 to 0.90 of an acre. In a zip code where most residential lots are a quarter acre or less, that is a significant difference, and it is the main reason prices here run above the surrounding streets.
Is Lake Mina on well and septic?
No, and that is the unusual part. These homes are served by city water and public sewer. Buying nearly an acre without inheriting a well and a septic system is a narrow category in Brevard County, and it is worth understanding what you are getting.
How new are the houses?
All of them were completed in 2023 or 2024. Roofs, systems and appliances are current, and several owners have already added pools, filtration systems and other improvements on top of the original build.
Can I park an RV or a boat here?
There is no association telling you no, and the lot size gives you the room. What governs is City of Palm Bay code for your parcel. Confirm the current rules with the city before you buy on that basis, because municipal codes change.
Why is the price per square foot so high?
Around $277 a foot reflects three things at once: recent construction, nearly an acre of land, and the scarcity of that pairing with city utilities. You are not paying for a bigger house. The houses are a moderate 2,340 to 2,475 square feet.
What is nearby?
Port Malabar Boulevard NE runs to Turkey Creek Sanctuary and the Margaret Hames Nature Center. Babcock Street is a block west for everyday errands, and Palm Bay Road is a short drive north for larger retail and the run out to I-95 at exit 176.
Market Circle NE, Palm Bay 32905
Lake Mina occupies Market Circle NE, which runs north off Port Malabar Boulevard NE about a block east of South Babcock Street. This is the older northeast quadrant of Palm Bay, platted decades ago, which is why a pocket of nine tenth acre homesites here reads as unusual. The simplest approach is Palm Bay Road to Babcock, south to Port Malabar Boulevard, then east one block.
From the street you are within a few minutes of Turkey Creek Sanctuary and its boardwalks, and roughly ten minutes from the Palm Bay Road retail corridor. I-95 at exit 176 is a straight run west on Palm Bay Road. Melbourne sits north, the airport a little past it. Palm Bay is not a beach town, so the ocean is a drive east across the Indian River on a Melbourne area causeway.
Near Lake Mina In Merritt Island
Considering Lake Mina?
There are only a handful of houses on Market Circle NE, so if this is what you want, the strategy is knowing the moment one comes available rather than browsing when you feel like it. My partner Nichole and I keep an eye on this pocket and the rest of the 32905 side of Palm Bay. Call or text (321) 212-7676 and we will tell you honestly whether it is worth waiting for.
Premier Upgraded Florida living on .88 of an Acre! A 2026 whole-home filtration system pairs with a 2024 tankless water heater powered by three 40A breakers and 8-gauge ...
- 4 Beds
- 3 Baths
- 1076119 MLS
