Why Live in Malabar
Malabar, located on Florida’s Space Coast, offers a blend of rural charm and waterfront living. The neighborhood features a mix of ranch-style homes, waterfront estates with Mediterranean-inspired designs, and undeveloped lots for custom builds. Residents often keep chickens, goats, or even horses, reflecting the area’s agricultural roots. Malabar lacks a commercial center, but nearby Palm Bay and Melbourne provide ample shopping, dining, and cultural opportunities. Notable dining spots include the Shack Riverfront Restaurant & Outback Tiki Bar and the Old Fish House Bar and Grill, known for its fried green tomatoes. For groceries, residents head to Publix or Walmart Supercenter in Palm Bay. Outdoor activities are abundant, with kayaking at Turkey Creek Sanctuary and disc golf at Malabar Disc Golf Sanctuary. Malabar Community Park offers tennis, basketball, and baseball facilities. For arts and culture, the Henegar Center for the Arts and the Eau Gallie Arts District in Melbourne are popular destinations. The neighborhood is safer than the national average, providing a sense of security for residents. Malabar students attend highly rated schools within the Brevard Public School System, with specialized STEAM programs available at Stone Magnet Middle and Palm Bay Magnet High School. Melbourne Orlando International Airport is 9 miles away, offering direct flights to select U.S. and U.K. cities. For medical needs, Health First’s Palm Bay Hospital is just 3 miles inland.
Home Trends in Malabar, FL
On average, homes in Malabar, FL sell after 53 days on the market compared to the national average of 50 days. The median sale price for homes in Malabar, FL over the last 12 months is $575,012, down 16% from the median home sale price over the previous 12 months.
Median Sale Price
$575,012
Median Single Family Sale Price
$590,000
Average Price Per Sq Ft
$283
Number of Homes for Sale
7
Last 12 months Home Sales
18
Median List Price
$635,000
Median Change From 1st List Price
6%
Median Home Sale Price YoY Change
-16%