Living in Florida's Space Coast
Sanibel Cove
Sanibel Cove is fifty homesites on one street, Captiva Island Circle, tucked off Gertrude Avenue in the 32908 side of Palm Bay. Price Family Homes, a local builder, put it up between 2022 and 2025 and has since finished selling. Most homes are single story between 1,742 and 2,242 square feet, storm shutters are typical, and dues run about $728 a year.
Sanibel Cove In Palm Bay, Florida
Sanibel Cove is a fifty lot subdivision in southwest Palm Bay, and every address is on Captiva Island Circle. You get there from Malabar Road by turning south on Hurley Boulevard, then onto Whitehurst Road and Gertrude Avenue, with the entrance off Gertrude. The surrounding area is the older Port Malabar grid of scattered single lots, which makes a planned fifty home community here feel deliberate rather than incidental.
The name and the street borrow from the Gulf coast barrier islands, which sit on the opposite side of the Florida peninsula. There is no cove and there is no beach. What is here is one lake or pond that a single property fronts and one or two homes look out on. Palm Bay is an inland city, and it is worth saying plainly so nobody arrives expecting water they were not promised.
Price Family Homes, a licensed residential contractor working out of Palm Bay, built the community and closed out sales in 2024, so what trades here now is resale rather than new inventory. Houses date from 2022 to 2025 and run 1,742 to 2,242 square feet, three or four bedrooms, two baths, block and stucco under shingle roofs. Seven of nine are single story. Garages are two car, with a three car option on some lots.
The association is Sanibel Cove Homeowners Association, Inc., registered with Florida in 2021, and Space Coast Property Management of Brevard handles it from off site. Assessments have run about $728 a year, with a couple of addresses at $650 and $754. That figure is not buying a pool or a clubhouse, because there are none. It covers common area and grounds maintenance, so ask for the budget and the reserve position before you assume it is a small number for a small service.
Prices have run $367,500 to $450,000 with $405,000 typical, or roughly $218 a square foot. Homes take around nine weeks to sell, which is on the slow side for houses this new. Not one property in the community has a private pool, which is worth knowing up front. Lots run 0.19 to 0.42 of an acre, so some of the larger parcels would take one, subject to association approval.
Sanibel Cove At A Glance
The short version of Sanibel Cove, builder to assessment.
| Detail | What you get |
|---|---|
| Detail | Value |
| Location | Captiva Island Circle off Gertrude Avenue, south of Malabar Road via Hurley Boulevard, Palm Bay 32908 |
| Builder | Price Family Homes, a Palm Bay based residential contractor |
| Built | 2022 to 2025, about 2024 typical, builder sales closed out |
| Community size | 50 homesites |
| Home size | 1,742 to 2,242 square feet, about 1,835 typical |
| Bedrooms | Three or four, with two baths |
| Lot size | 0.19 to 0.42 acre, about 0.19 typical |
| Construction | Concrete block and stucco, shingle roofs, storm shutters on most homes |
| Association | Mandatory. Sanibel Cove Homeowners Association, Inc., registered in Florida since 2021, managed off site by Space Coast Property Management of Brevard, roughly $728 a year |
| Amenities | None on site. The assessment covers common area and grounds maintenance |
| Gated | No |
| Utilities | City water and public sewer |
| Private pools | None in the community |
| Water | One property fronts water, with a lake or pond view from one or two others |
| Garage | Two car, with three car on some homesites |
| Price range | $367,500 to $450,000, typical $405,000 |
| Price per square foot | Around $218 |
Sanibel Cove Details
A Local Builder, Not A National One
Price Family Homes is a Palm Bay based residential contractor rather than a national production builder, and the community it built here is fifty homes rather than five hundred. That shows up in the finish level, in the soft close cabinets and quartz counters that turn up repeatedly, and in the price per square foot sitting above the volume communities.
One Street, Fifty Lots
Captiva Island Circle is the entire subdivision. There is no through traffic, no second entrance and no cut through to a neighboring plat. That is a real quality of life difference from a community threaded with collector roads, and it is the main reason the interior of the neighborhood stays quiet.
Sold Out, So Resale Only
The builder closed out sales in 2024. Everything that trades now is a resale from an original owner, which means you are buying a house that has been lived in, landscaped and in most cases already through a first insurance renewal. It also means there are no builder incentives left to negotiate.
No Amenities, But A Real Assessment
Roughly $728 a year buys common area and grounds maintenance, not a pool or a clubhouse. That is a fair arrangement if you value low upkeep over facilities, but it is worth reading the budget. A small association with no amenity income still has to fund entry landscaping, lighting and reserves.
Single Story And Shuttered
Seven of nine homes here are one story, and most carry storm shutters as delivered rather than as an owner addition. For a buyer who wants no stairs and no scramble when a storm forms in the Atlantic, that combination is already built into the price.
Fred Poppe Regional Park Is Close
The city's Fred Poppe Regional Park at 1951 Malabar Road SW is a short drive east and carries ball fields, trails, a disc golf course and a dog park. In a subdivision with no amenities of its own, the public park a few minutes up the road does a lot of the work.
Homes For Sale In Sanibel Cove
Current availability in Sanibel Cove is shown below. Since the builder finished here, everything you see will be a resale, so pay attention to how each seller has handled landscaping, gutters and the lanai.
Sanibel Cove Frequently Asked Questions
How many homes are in Sanibel Cove?
Fifty homesites, all on Captiva Island Circle. It was marketed as a small community from the start, and that single street is the whole subdivision. Turnover is limited, so inventory tends to be one or two houses at a time.
Who built Sanibel Cove?
Price Family Homes, a licensed residential contractor based in Palm Bay. Construction ran from 2022 into 2025, and the builder closed out sales in 2024. Everything on the market now is a resale rather than new inventory.
What are the HOA dues?
Around $728 a year, with a few addresses at $650 or $754. The association is registered with the state as Sanibel Cove Homeowners Association, Inc. and is managed off site by Space Coast Property Management of Brevard. There is no on site manager and no amenity building.
Are there community amenities?
No. The assessment funds common area and grounds maintenance rather than a pool, clubhouse or courts. For recreation, Fred Poppe Regional Park on Malabar Road SW is the nearest public facility, with ball fields, trails, a disc golf course and a dog park.
Is Sanibel Cove gated?
No. It is an open community with a single entrance off Gertrude Avenue. If a gate is a requirement, Malabar Springs to the northwest and several of the Bayside Lakes neighborhoods to the southeast are gated at comparable or higher prices.
Do any of the homes have pools?
None currently do. Lots range from 0.19 up to 0.42 of an acre, so the larger parcels could accommodate one with architectural approval and a setback review. Budget for it as a project rather than expecting to buy it already built.
Is Sanibel Cove near the beach?
No. The name comes from the Gulf coast barrier islands on the other side of the state. Palm Bay is an inland city, so getting to the ocean means driving east and crossing a causeway. There is one property in the community with water frontage on a lake or pond.
Why do homes take about nine weeks to sell?
Partly because the community is small and the buyer pool for a specific street is narrow, and partly because there are no amenities to differentiate it from newer construction a few miles west that comes with a pool and a clubhouse. Pricing accordingly matters more here than it does in a larger community.
Captiva Island Circle, Palm Bay 32908
Sanibel Cove sits south of Malabar Road in the western half of Palm Bay, reached by taking Hurley Boulevard south, then Whitehurst Road east, then Gertrude Avenue. The streets around it are part of the older Port Malabar grid, so you will pass single lots and scattered houses on the way in before the subdivision opens up. Malabar Road is the artery, running east toward Minton Road and west toward the St Johns Heritage Parkway.
For getting around, I-95 is at the Malabar Road interchange, exit 173, about ten minutes east, and the St Johns Heritage Parkway offers another route north. Melbourne is roughly half an hour. Everyday shopping is along Malabar Road, and Fred Poppe Regional Park at 1951 Malabar Road SW covers ball fields, trails, disc golf and a dog park. Palm Bay is inland, so the ocean is a drive east and over a causeway.
Near Sanibel Cove In Merritt Island
Considering Sanibel Cove?
A fifty lot community that has already sold out behaves differently from one a builder is still filling: there is no incentive to negotiate, but there is a real house to inspect and an association with a track record to read. My partner Nichole and I can pull the budget, tell you which lots on the circle are worth the premium, and give you a straight answer on value. Call or text (321) 212-7676.
