Living in Florida's Space Coast
Pinewood Estates
Pinewood Estates is a six home pocket on Morgan Circle NE, off Mariposa Drive near Port Malabar Boulevard in the 32905 side of Palm Bay. The association was registered in 2004 but the houses did not finish going up until 2015. Most are single story, four of six have a pool, and a couple look out over water. Dues run about $163 to $175 a quarter.
Pinewood Estates In Palm Bay, Florida
Pinewood Estates is small enough to walk in five minutes. Every house sits on Morgan Circle NE, reached by turning off Port Malabar Boulevard onto Mariposa Drive NE and then into the subdivision. It is a newer piece of construction dropped into the older northeast Palm Bay grid, where the surrounding streets date to the Port Malabar plat era and the houses around it are decades older than the ones inside the circle.
The timing is the interesting part. Pinewood Estates Homeowners Association, Inc. has been registered with Florida since 2004, but the earliest houses date to 2007 and the last of them finished in 2015. An eight year build out in a subdivision of six homes means your neighbor's house may be almost a decade newer than yours, with different windows, a different roof age and different code behind the walls. Ask when each one was permitted.
Holiday Builders put up at least part of the neighborhood, including a 2015 Charleston series home on Morgan Circle with eleven foot ceilings and a split plan. Houses run 2,001 to 2,365 square feet with 2,343 typical, three to five bedrooms, two or three baths, block and stucco under shingle roofs. Four are single story. Garages are two or three car and the lots are uniform at roughly a fifth of an acre.
Four of the six homes have an in ground pool and two of those are saltwater with screen enclosures. One property has actual water frontage on a non navigable canal, and a couple more look out at a lake or pond rather than a neighbor's fence. On lots this size, a pool takes most of the back yard, so decide early whether you want the pool or the yard because you are unlikely to get both.
Prices have run $379,500 to $465,000 with $419,950 typical, or roughly $224 a square foot, which is a stronger per foot figure than the newer west side subdivisions. Homes take around seven weeks to sell. Quarterly dues of about $163 to $175 put you near $650 to $700 a year for a community with sidewalks and not much else, so ask what the assessment actually funds before you assume it is buying amenities.
Pinewood Estates At A Glance
Everything worth knowing about the six houses on Morgan Circle.
| Detail | What you get |
|---|---|
| Detail | Value |
| Location | Morgan Circle NE off Mariposa Drive, near Port Malabar Boulevard, Palm Bay 32905 |
| Built | 2007 to 2015, about 2011 typical |
| Builder | Holiday Builders on at least part of the neighborhood, including the Charleston series |
| Home size | 2,001 to 2,365 square feet, about 2,343 typical |
| Bedrooms | Three to five, with two or three baths |
| Lot size | 0.20 to 0.21 acre, essentially uniform |
| Construction | Concrete block and stucco, shingle roofs, storm shutters on some homes |
| Association | Mandatory. Pinewood Estates Homeowners Association, Inc., registered in Florida since 2004, roughly $163 to $175 a quarter |
| Utilities | City water and public sewer |
| Private pools | Four of six homes, including two saltwater pools with screen enclosures |
| Water frontage | One property on a non navigable canal, with lake and pond views on others |
| Levels | Mostly single story, with high ceilings on the newer builds |
| Garage | Two or three car |
| Streets | Morgan Circle NE is the only street in the subdivision |
| Price range | $379,500 to $465,000, typical $419,950 |
| Price per square foot | Around $224 |
| Time to sell | About seven weeks |
Pinewood Estates Details
New Houses In An Old Grid
The streets around Pinewood Estates belong to the original Port Malabar layout, but the houses inside the circle are twenty to forty years newer than their neighbors. You get 2000s construction, high ceilings and modern floor plans on a street that connects to an established part of Palm Bay rather than a construction zone.
An Eight Year Build Out
The association was registered in 2004, the first houses went up in 2007, and the last was completed in 2015. In a subdivision of six homes that is a very long runway. It also means roof age, window ratings and mechanical systems vary substantially from one address to the next.
Holiday Builders Product
At least part of the neighborhood is Holiday Builders work, including a Charleston series home with eleven foot ceilings, a split bedroom layout and an open plan. That is a regional builder with a long record on the Space Coast, and the plans hold up better than the square footage on paper suggests.
Pools On Most Lots
Four of the six homes have an in ground pool, two of them saltwater with screen enclosures. On a fifth of an acre the pool consumes most of the usable rear yard, so if you want lawn instead, the non pool homes here are the short list and there are only two of them.
A Little Bit Of Water
One property fronts a non navigable canal and a couple more overlook a lake or pond. It is a view and a buffer rather than access to anything, but on a street this compact having open water behind the house instead of another roofline changes how the lot feels.
Higher Price Per Foot
At roughly $224 a square foot, Pinewood Estates prices above the newer volume built subdivisions on the west side of the city. You are paying for location inside the established grid, a pool on most lots and a small community rather than a five hundred home plan.
Homes For Sale In Pinewood Estates
Anything currently for sale in Pinewood Estates appears below. Six houses on one circle means listings are rare, so treat an available home here as a short window rather than a standing option.
Pinewood Estates Frequently Asked Questions
How many homes are in Pinewood Estates?
It is a very small subdivision built entirely along Morgan Circle NE. That single street is the whole community, which keeps traffic to residents and makes turnover infrequent. Expect long stretches with nothing available.
What are the HOA dues?
Roughly $163 to $175 a quarter, or somewhere near $650 to $700 a year. The association is registered with the state as Pinewood Estates Homeowners Association, Inc. and has been active since 2004. Ask for the current budget so you know what that assessment is actually funding.
Who built the homes?
Holiday Builders is behind at least part of the neighborhood, including a Charleston series home completed in 2015 with eleven foot ceilings and a split floor plan. Because construction ran from 2007 to 2015, not every house came from the same builder or the same year.
Are there waterfront homes?
One property has frontage on a non navigable canal, and a couple of others look out over a lake or pond. It is a view rather than boating water. If open water behind the house matters to you, verify the specific parcel rather than assuming the whole circle has it.
Do most homes have pools?
Yes, four of the six do, and two of those are saltwater with screen enclosures. On a lot of roughly a fifth of an acre, a pool takes up most of the back yard, so factor in whether you want a swimming pool or a lawn before you narrow the search.
What is the neighborhood near?
It sits in northeast Palm Bay off Port Malabar Boulevard, near Mariposa Drive and Riviera Drive, in the 32905 zip. Palm Bay Road is the main east west route, and I-95 is reached at exit 176. US 1 and the river are east of the community.
How old are the roofs?
It depends entirely on the address. With houses built anywhere from 2007 to 2015, some are on original roofs approaching replacement and others have already been redone. At least one home in the neighborhood has a roof from 2024 and impact windows. Get the dates in writing.
Why is the price per square foot higher than the newer subdivisions?
Location and scarcity. At about $224 a square foot Pinewood Estates prices above the volume built communities out west, because you are buying into the established side of the city, on a street with only a handful of houses, most of them with a pool.
Morgan Circle NE, Palm Bay 32905
Pinewood Estates sits in northeast Palm Bay, off Port Malabar Boulevard NE by way of Mariposa Drive. Riviera Drive runs nearby and Palm Bay Road NE is the main east west artery through this side of the city, connecting west to I-95 at exit 176 and east toward US 1 and the Indian River. The subdivision itself is a single circle, so nothing passes through it on the way to anywhere else.
Everyday errands are close by Palm Bay standards. The Palm Bay Road corridor carries most of the shopping and services on this side of town, and the drive to Melbourne is roughly twenty minutes north on Babcock Street or US 1. Palm Bay is an inland city, so reaching the ocean means driving east and crossing a causeway. Being in the 32905 zip near the river, it is worth pulling a flood zone determination before you make an offer.
Near Pinewood Estates In Merritt Island
Considering Pinewood Estates?
With six houses on one circle, the strategy here is knowing before the sign goes up, and knowing which of them has the roof and the pool equipment you want to inherit. My partner Nichole and I work this side of Palm Bay and can tell you what the association charges, what the flood determination says, and what each of these lots is genuinely worth. Call or text (321) 212-7676.
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