Homes for sale · Palm Bay, FloridaThe Compound
Affordable Palm Bay living with room to grow
12
Homes for sale
$349,942
Median list price
$185
Avg price / sqft
68
Median days on market
The Compound sits within Palm Bay in Brevard County, a pocket of Florida's Space Coast where quiet residential streets and newer construction mix with the established feel of nearby communities like Port Malabar and Bayside Lakes. It's a practical, unpretentious place that suits first-time buyers, families, and anyone who wants a single-family home without the price tag of the coastal cities to the east. With six of the twelve active listings being new construction, this is a corner of Palm Bay still filling in, which gives buyers a rare mix of fresh builds and value.
For a buyer today, the numbers tell a clear story. The median list price sits at $349,942, homes run about $185 per square foot, and the typical property is around 1,933 square feet — real space for the money compared with much of the region. Sellers are getting 99% of asking on average and homes take a median of 67.5 days to sell, so it's a market that rewards a prepared buyer who moves with intention. Browse all Palm Bay homes for sale or explore the area on the live map.
The Compound is a community in Palm Bay, Florida.
Quick facts
$300,000 – $520K price range
1,933 sqft median home
$2,150/mo median rent
29 sold in 12 months
Living in The Compound
The Compound is a residential pocket within Palm Bay, in southern Brevard County on Florida's Space Coast. It's an unpretentious, quietly growing part of the city — single-family homes on manageable lots, with a mix of newer construction and established surrounding neighborhoods. The character here is practical rather than flashy: this is a place to settle into a home with space, not to chase a resort lifestyle.
Palm Bay is the largest city in Brevard County, and neighborhoods like The Compound reflect its appeal — affordability, room to grow, and proximity to the aerospace and defense employers that anchor the Space Coast economy. The surrounding communities, including Port Malabar and Riverview, give the area an established feel even where new homes are still going up.
It suits first-time buyers, growing families, and anyone priced out of the coastal towns to the east who still wants a detached home and a yard. If your priority is value and a quiet residential setting over nightlife or walkability, The Compound delivers on that honestly.
Neighborhoods and communities in The Compound
The Compound sits among several recognizable Palm Bay communities that shape its context. Port Malabar is one of the city's largest and most established residential areas, defining much of the street grid and housing stock around it. Its scale and maturity give nearby buyers a dependable sense of the kind of homes and lots to expect.
Bayside Lakes is a master-planned area known as one of Palm Bay's more amenity-oriented communities, while Port Malabar Country Club offers a golf-adjacent setting for buyers drawn to that lifestyle. These are worth touring alongside The Compound to compare price, feel, and any community fees.
Riverview rounds out the nearby options and gives buyers another established neighborhood to weigh. Comparing these communities side by side is the smart move — each carries a slightly different balance of age, price, and amenities, and seeing them in person is the fastest way to understand where The Compound fits.
Homes for sale in The Compound: prices and housing
The current market shows 12 active listings with a median list price of $349,942, ranging from $300,000 to $520,000. Homes average about $185 per square foot, and the median size is roughly 1,933 square feet — meaning buyers here get real living space for their money. There are no listings above $1 million, which keeps this firmly in the attainable tier of Palm Bay.
New construction is a defining feature: six of the twelve active listings are newly built, an unusually high share that gives buyers a genuine choice between a brand-new home and resale value. Other segments are thin — one pool home is active, and there's no waterfront, gated, golf, or 55+ inventory currently listed. Over the past 12 months, 29 homes sold at a median price of $330,510, with sellers receiving about 99% of asking on average.
Carrying costs lean favorable. The median property tax runs about $558 per year, which is low, and HOA figures aren't reported for the neighborhood — so confirm any community dues on a specific listing. The median rent in the area is about $2,400 per month, a useful benchmark for investors or buyers weighing the rent-versus-own math. With a median of 67.5 days on market, buyers generally have room to be deliberate.
Schools in The Compound
Homes in The Compound fall within Brevard Public Schools, and the most commonly assigned schools include Robert L. Stevenson Elementary School, W. Melbourne Elementary School for Science, and Freedom 7 Elementary School at the elementary level. Southwest Middle School and Westshore Junior/Senior High School also appear among the assigned schools for the area.
At the secondary level, Edgewood Jr/Sr High School is among the schools serving this part of Palm Bay. The mix of assigned schools can vary meaningfully from one street to the next, so treat this list as a starting point rather than a guarantee.
Because attendance zones are redrawn periodically and depend on the exact address, always verify the current zone directly with Brevard Public Schools before making an offer. If a specific school is a priority for your family, confirm it in writing for the property you're considering.
Getting around The Compound
The Compound is part of Palm Bay in southern Brevard County, positioned within reach of the Space Coast's major employment and the Atlantic beaches to the east. Specific neighborhood-level drive times aren't reported in the current data, so the best approach is to test-drive your actual commute at the hour you'd normally travel.
Palm Bay is a car-oriented city, and getting around means relying on the regional road network that connects the city's neighborhoods to Melbourne and the coast. Daily errands, work, and school runs will involve driving, so factor that into your routine.
Before committing, map the routes that matter most to you — to work, to schools, to the beach — and drive them yourself. That's the only reliable way to understand how the location will fit your week, given that published drive times for this neighborhood aren't available.
Is The Compound a good place to live?
For the right buyer, The Compound is a strong value play within Palm Bay. The appeal is clear: a median list price near $350,000, generous home sizes around 1,933 square feet, very low property taxes around $558 a year, and an unusually high share of new construction. If you want a detached home with space at a price the coastal towns can't match, this neighborhood earns a serious look.
The trade-offs are honest ones. This is a residential, car-dependent setting without the waterfront, gated, or golf inventory some buyers want, and current active listings are limited to 12. Sellers hold firm — closings average 99% of asking — so you'll need to come prepared rather than expecting deep discounts, even with a median of 67.5 days on market.
Overall, The Compound rewards buyers who value affordability, space, and the option of a new build over amenities and walkability. Tour it alongside neighbors like Bayside Lakes and Port Malabar, verify the school zone for any address, and drive your commute — do that homework, and this is a sensible, attainable place to own a home in Palm Bay.
On the market now
Homes for sale in The Compound
$300,000
597 J T SANCHO STREET SW, PALM BAY
4 bd · 2 ba · 1,934 sqft
$319,985$325,000
365 HANFORD ROAD SW, PALM BAY
3 bd · 2 ba · 1,932 sqft
$520,000
2408 JAMAICA AVENUE SW, PALM BAY
5 bd · 3 ba · 2,733 sqft
$314,900$315,000
563 GALLAGHER STREET SW, PALM BAY
4 bd · 2 ba · 1,824 sqft
$320,000$326,000
1910 BASINGER AVENUE SW, PALM BAY
3 bd · 2 ba · 1,518 sqft
$398,000$399,000
3121 LA FRANCE AVENUE SW, PALM BAY
4 bd · 3 ba · 1,952 sqft
$430,000$440,000
2769 HAGUE STREET SW, PALM BAY
4 bd · 3 ba · 2,431 sqft
$375,995
335 FRANZING ST SW, PALM BAY
4 bd · 2 ba · 1,775 sqft
$323,888$333,990
440 LARINO ROAD SW, PALM BAY
3 bd · 2 ba · 1,808 sqft
$399,000
2602 DE GROODT ROAD SW, PALM BAY
4 bd · 3 ba · 2,144 sqft
$449,000$450,000
242 HERITAGE STREET SW, PALM BAY
4 bd · 3 ba · 2,396 sqft
$319,888$333,990
3221 FITZPATRICK AVENUE SW, PALM BAY
3 bd · 2 ba · 1,808 sqft
Every active listing inside the The Compound boundary
Open full map search →Find your fit
Browse The Compound
By feature — on the live map
Where the market lives
The numbers that matter
The The Compound market
29
Sold, last 12 months
$330,510
Median sold price
99%
Sale-to-list ratio
What sellers actually get vs asking
88 days
Median time to sell
The Compound vs Palm Bay
Median list price
Price per sqft
Days on market
Median sold price — 3-yr, 3-mo rolling
▲ 26.3% yr/yr
Homes sold per month
Live Stellar MLS data — every listing and closed sale inside the The Compound boundary. Rolling medians smooth single-month swings in small communities.
For the school run
Schools The Compound is zoned for
Attendance boundaries overlapping this community — always verify zoning with the district.
What it really costs
Owning here
Owning the median The Compound home
≈ $2,100/mo
$349,942 median · 20% down · 30-yr fixed at 6.9% · taxes/HOA from live listing data · insurance is a Florida estimate.
$2,150/mo
Median rent
Homes for rent inside the boundary
Population
2,892
Median age
39
Median income
$60,410
Median home value
$265,758
Beyond the listings
Living in The Compound
Active
Top 8% in the U.S.Fitness Obsession
Passionate about strength training, this population relies heavily on the encouragement of the exercise community. While these people seek the latest fitness techniques, they're also interested in supplements and equipment.
Hobbies & Interests
Top 9% in the U.S.Engine Enthusiast
This population loves working on and showing off their cars, trucks and motorcycles. You can find them researching car shows and the hottest models on the lot.
Lifestyles
Top 10% in the U.S.Nerd Culture
These people aren't afraid to nerd out. Common activities include comic books, video games, and often intellectual pursuits.
Active
Top 11% in the U.S.Organized Sports
From tryouts and casual pick-up games, to varsity tournaments and intramural matches, this population includes people who participate in organized athletics. Often through schools or public recreational areas.
Entertainment
Top 11% in the U.S.Competitive Nature
These folks have their head in the game. Whether it's creating a card game tournament with friends or cheering on the home team, these people want to win.
Beliefs
Top 12% in the U.S.Local Engagement
These citizens want to make their neighborhood a better, more beautiful place to live. They're attentive to the needs and affairs of the local community.
Straight answers
The Compound FAQs
Is The Compound a good place to live?+
It suits buyers who want an affordable, low-key single-family neighborhood within Palm Bay rather than a resort-style community. The draw is value and newer housing stock, with established neighbors like Riverview and Port Malabar nearby. It's practical and residential, which is exactly right for families and first-time buyers.
Is The Compound expensive?+
No — it's one of the more approachable parts of Palm Bay. The median list price is $349,942 and the active range runs from $300,000 to $520,000, with no listings above $1M. At about $185 per square foot, it undercuts much of the Space Coast.
What do homes cost in The Compound?+
The median list price is $349,942 and homes have sold at a median of $330,510 over the past 12 months. Active inventory spans $300,000 to $520,000, with a typical home around 1,933 square feet. You can see current pricing on the live map.
How is the market right now?+
There are 12 active listings and 29 homes have sold in the past year, so it's a steady but modest-volume market. Homes take a median of 67.5 days to sell and sellers get about 99% of asking, which means well-priced homes hold their value. Buyers have time to evaluate without rushing.
What about HOA fees and property taxes?+
Property taxes are notably low here, with a median around $558 per year. HOA data isn't reported for this neighborhood, so you'll want to confirm any dues on a specific listing or community before you commit.
What schools serve The Compound?+
Assigned schools include Robert L. Stevenson Elementary School, Southwest Middle School, and Edgewood Jr/Sr High School, among others. Because attendance zones can shift, always verify the exact zone for a specific address with Brevard Public Schools before buying.
Is there new construction in The Compound?+
Yes — six of the twelve active listings are new construction, an unusually high share. That gives buyers a genuine choice between a brand-new build and resale value, which is rare in many established Palm Bay neighborhoods.
What's the commute and location like?+
The Compound is part of Palm Bay in southern Brevard County, within reach of the broader Space Coast job centers and the beaches to the east. Specific drive times aren't reported for this neighborhood, so plan a test drive at your typical commute hour. Nearby Bayside Lakes and Port Malabar give a sense of the surrounding area.
Keep exploring
More Palm Bay neighborhoods
Neighborhood boundary by edgeAI; listings matched to the polygon. 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. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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