$468,070
4835 Madras Drive
Palm Bay, FL 32907
Listing updated: June 5, 2026 at 11:50 AM ET
Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Garage spaces
Flood zone
About this home
Under Construction. The brand new Malabar Springs community is nestled adjacent to the serene Three Forks conservation area with 35,000 acres of conservation protection, boat launch, picnic area, and 70 miles of trails. With resort-style 3900 square foot pool featuring a sun shelf, cabana, 2 dog parks, outdoor fitness equipment, nature trail, and multi-use park/field Malabar Springs is the ideal location for the stylish and spacious Serena floorplan featuring 4 bedrooms with a large first-floor owner's suite, 2.5 bathrooms, tray ceiling in the great room & owner's bedroom, spa-like bathroom, oversized kitchen island, walk-in pantry with quartz in the kitchen counters, quartz in the bathroom vanities, 20'' ceramic tile in the wet areas and LVP in great room. All Ryan Homes now include WIFI-enabled garage opener and Ecobee thermostat. **Closing cost assistance is available with use of Builder’s affiliated lender**. DISCLAIMER: Prices, financing, promotion, and offers subject to change without notice. Offer valid on new sales only. See Community Sales and Marketing Representative for details. Promotions cannot be combined with any other offer. All uploaded photos are stock photos of this floor plan. Actual home may differ from photos. Schools: Elem: Jupiter Elementary School; Middle: Southwestern Middle School; HS: Heritage High School.
Local Insight
At $164/sqft for brand-new construction with a water view in an organized, master-planned community, this is solid value compared to Palm Bay's waterfront baseline of $500K+, though you're paying new-build premium for a compact 0.16-acre lot in a subdivision that's still being developed. The real question is whether the water view justifies the price over comparable new homes inland in Malabar Springs—check what similar floorplans without water views are selling for, because that $88K difference could be meaningful if the view is limited or the lot doesn't back directly onto water. Flood Zone X is a definite plus (no flood insurance required), and the $20/mo HOA is negligible, so the property fundamentals are clean; just make sure the neighborhood's phase-out timeline and any future building plans won't affect resale appeal.
AI-generated insight based on listing data and neighborhood context. Verify independently.
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history0 days on market
- Status: PendingJan 28, 2026
- Listed$468,070Jan 28, 2026
- Price increased$468,070
Facts & features
- Property type
- Residential
- Sub type
- Single Family Residence
- Status
- Pending
- Days on market
- 0
- Subdivision
- Malabar Springs
- County
- Brevard
- Year built
- 2026
- Living area
- 2,850 sq ft
- Price/sq ft
- $164
- Building area
- 3,250 sq ft (Builder)
- Lot size
- 6,970 sq ft
- Lot category
- 0 to less than 1/4
- Flood zone
- X
- Garage
- 2 spaces
- Parcel #
- 28-36-32-25-I-27
- Zoning
- 00
- MLS #
- W7882511
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Interior Details
- Bedrooms
- 4
- Full bathrooms
- 2
- Half bathrooms
- 1
- Flooring
- Carpet, Ceramic Tile, Concrete, Luxury Vinyl
- Appliances
- Dishwasher, Disposal, Electric Water Heater, Microwave, Range
- Interior features
- Eat-in Kitchen, Living Room/Dining Room Combo, Primary Bedroom Main Floor, Stone Counters, Thermostat, Tray Ceiling(s), Walk-In Closet(s)
- Laundry
- Inside
- Stories / Levels
- Two
- Direction faces
- East
- New construction
- Yes
Heating & Cooling
- Heating
- Central
- Cooling
- Central Air
Parking
- Garage spaces
- 2
- Attached garage
- Yes
- Parking features
- Driveway, Garage Door Opener
HOA & Financial
- HOA fee
- $20 / Monthly
- Monthly HOA
- $20/mo
- Total monthly fees
- $20/mo
- Total annual fees
- $240
- HOA name
- RYAN HOMES
- CDD
- Yes
- Min lease term
- 7 Months
- Listing terms
- Cash, Conventional, FHA, VA Loan
- Ownership
- Fee Simple
- Available for lease
- Yes
- Lease restrictions
- Yes
- Additional lease restrictions
- No short term lease.
Exterior & Construction
- Exterior features
- French Doors, Hurricane Shutters
- Construction materials
- Block, Stucco, Frame
- Roof
- Shingle
- Foundation
- Slab
- Water view
- Yes
- Road surface
- Paved
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- BB/HS Internet Available, Cable Available
Community
- Pets allowed
- Number Limit
Room Details
| Room | Level | Dimensions |
|---|---|---|
| Great Room | First | 14x19 |
| Kitchen | First | 11x17 |
| Dinette | First | 11x12 |
| Primary Bedroom | First | 13x15 |
| Primary Bathroom | First | |
| Bedroom 2 | Second | 14x11 |
| Bedroom 3 | Second | 13x12 |
| Bedroom 4 | Second | 13x10 |
| Loft | Second | 16x13 |
| Den | First | 14x12 |
| Balcony/Porch/Lanai | First | 27x10 |
Listing Details
- Listing date
- 2026-01-28
- On market date
- 2026-01-28
- Original list price
- $468,070
- Occupant type
- Vacant
- MLS area
- 32907 - Palm Bay/Melbourne
- Listing AOR
- West Pasco
- Home warranty
- Yes
- Status changed
- 2026-01-28
- Tax legal description
- MALABAR SPRINGS PHASE 1 LOT 27 BLK I
Flood risk
Minimal-risk area outside the mapped floodplain. Flood insurance is optional and typically low-cost.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
Directions
St. John's Heritage Parkway to the light at Malabar next to the brand new Publix, turn right on Malabar Rd, go past Heritage High School and the community is on the right, turn right into the community and drive straight until you see the model homes.
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Listings courtesy of Stellar MLS as distributed by MLS GRID
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information submitted to the MLS GRID as of June 5, 2026 at 11:50 AM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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