4854 MADRAS DRIVE NW, PALM BAY, FL, 32907
Active23 days on marketListed Oct 14, 2026MLS #W7890312
About this home
4854 MADRAS DRIVE NW
Pre-Construction. To be built. Pre-permitted lot. Experience perfect proportions in the Grove, offering 2,187 square feet of thoughtfully designed space. This two-story home features an open-concept main level where the stunning kitchen island seamlessly connects to the dining and great room. Enjoy the convenience of a main-floor owner’s suite with spa-like bath, while the upper level provides three bedrooms and a versatile loft. Available in two distinctive elevation styles, the home maximized natural light through strategic window placement and includes practical features like a walk-in laundry room. The Grove masterfully balances efficiency and flexibility for today’s family lifestyle. 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. 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: Photos and/or renderings are for illustrative purposes only and may depict upgraded landscaping, elevations, decorative features, or optional upgrades that may not be included in the home offered. Prices, financing, promotion, and offers subject to change without notice. Promotions cannot be combined with any other offer. Ask the On-site Sales and Marketing Representative for details on promotions, concessions, or any other details. Schools: Elem: Jupiter Elementary School; Middle: Southwestern Middle School; HS: Heritage High School.
Facts & features
The home at a glance
4
Bedrooms
2.5
Bathrooms
2,187
Sqft
0.11 ac
Lot size
2027
Year built
Two
Levels
$166
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record and the real association fee — not generic estimates.
$2,833 /mo · 3.5% down FHA, 30-yr fixed at 7.5%
The assumptions
FHA is the default here because it gets you in the door with just 3.5% down. Switch to Conventional or VA below.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
Estimated payment
$3,165/mo
Includes FHA mortgage insurance and the financed 1.75% upfront premium. Estimates only — taxes at 1.1%/yr and typical insurance; your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Can I afford this home? → See what you can comfortably afford from your income, debts and savings.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
vs edgeAI estimate
−11.3%
$/sqft vs Palm Bay actives
$166 vs $186
Days on market
23 vs 58 typical
Where $166/sqft sits among the 157 Palm Bay actives
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
Where it sits
Inside Palm Bay
Drive times from this address
Estimated driving times, typical traffic. Data © OpenStreetMap contributors.
Get to know Palm Bay. See the full Palm Bay guide →
PALM BAY 32907 — neighborhood snapshot
Population
48,352
Median age
44.5
Median income
$71,827
Median home value
$253,700
Avg household
2.9
Households w/ children
5,037
For the school run
Brevard County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Palm Bay market
$305K → $331K
Palm Bay median sold, yr/yr
98.2%
Sale-to-list ratio (12 mo)
87 of 157
Palm Bay actives have cut their price
Median sold price, Palm Bay, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 25% above the PALM BAY 32907 median. See the full Palm Bay market guide →
Paper trail
This home's history
Reality check
What actually sold near 4854 MADRAS DRIVE NW
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Jun ’26$372,935
5184 MADRAS DRIVE NW · same community
4 bd · 2.5 ba · 2,187 sqft · $171/sqft · 11 DOM
Sold · Jun ’26$361,675
4864 MADRAS DRIVE NW · same community
4 bd · 3 ba · 2,177 sqft · $166/sqft · 63 DOM
Sold · Sep ’26$398,720
5145 MADRAS DRIVE NW · same community
3 bd · 2.5 ba · 2,080 sqft · $192/sqft · 135 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
Colleen Brown
REALTOR® · CENTURY 21 Edge
Tours, negotiation, and every question about 4854 MADRAS DRIVE NW — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 4854 MADRAS DRIVE NW — before you fall in love.
See it in person
Schedule a tour
Live availability from Colleen's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
4854 MADRAS DRIVE NW FAQs
What would the monthly payment be for 4854 MADRAS DRIVE NW?+
With 3.5% down on a 30-year FHA loan at 7.5%, the all-in payment lands around $2,833/mo — principal and interest, estimated property taxes, the $20/mo association fee and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
How much are the HOA fees at 4854 MADRAS DRIVE NW?+
The association fee works out to $20 per month. Ask us for the full association documents — they spell out exactly what the fee covers.
What are the property taxes on 4854 MADRAS DRIVE NW?+
The most recent tax bill on record (2026) was $0. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
Are pets allowed at 4854 MADRAS DRIVE NW?+
The listing reports pets: Number Limit. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.
How does the price compare to other homes in Palm Bay?+
At $362,990, this home is listed about 13% above the Palm Bay median of $319,900. The market section on this page shows how the area is trending.
Which schools are assigned to 4854 MADRAS DRIVE NW?+
Heritage High School (high), Jupiter Elementary School (elementary), Central Middle School (middle) — Brevard County School District. Always verify school assignments with the district before relying on them.
Keep looking
Similar homes nearby
Listing courtesy of MALTBIE REALTY GROUP · Bill Maltbie. MLS #W7890312.
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.
Never miss a listing
New Palm Bay homes, in your inbox
Like 4854 MADRAS DRIVE NW but not quite? A daily digest of every new listing in Palm Bay — straight from the MLS, hours after it goes live. Unsubscribe anytime.
Just watching this one home? Ask Colleen to ping you on any price or status change →