3155 MADRAS DRIVE
PALM BAY, FL 32907
About this home
Welcome to the Heritage Bay! The Heritage Bay is a new two-story home design replacing the Hadley Bar, offering enhanced features for modern families. It features an open-concept first floor with high ceilings and ample natural light, a versatile first-floor bedroom, and a flex room. The second floor includes a loft and luxurious owner's suite. The home emphasizes indoor-outdoor living with a large patio, a gourmet kitchen, smart storage solutions, and family-friendly design elements. Two charming elevation options are available, with customizable exterior features. 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: 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.
Facts & features
Interior
- Bedrooms
- 4
- Bathrooms
- 3
- Living area
- 2,753 sqft
- Heating
- Central
- Cooling
- Central Air
- Flooring
- Carpet, Ceramic Tile
- Features
- Eat-in Kitchen, Kitchen/Family Room Combo, PrimaryBedroom Upstairs, Stone Counters, Thermostat, Tray Ceiling(s)…
- Appliances
- Dishwasher, Disposal, Electric Water Heater, Microwave, Range, Range Hood
Exterior & lot
- Lot size
- 6,142 sqft (0.14 ac)
- Roof
- Shingle
- Construction
- Block, Stucco, Frame
- Exterior
- French Doors, Hurricane Shutters
Parking
- Garage
- 2 spaces
Financial
- HOA dues
- $20 / monthly
- Price / sqft
- $146/sqft
Utilities
- Water
- Public
- Sewer
- Public Sewer
- Utilities
- BB/HS Internet Available, Cable Available
Property
- Property type
- Single Family
- Year built
- 2027
- Subdivision
- MALABAR SPRINGS
- County
- Brevard
Listing
- Status
- Active
- Days on market
- Today
- MLS #
- MFR801896382
- Source
- Stellar MLS
Listed by Bill Maltbie · MALTBIE REALTY GROUP
Listing data provided by Stellar MLS. Information deemed reliable but not guaranteed.
Sample estimate — not an appraisal
Based on 31 comparable sales within 1 mile of PALM BAY, FL, this home is priced under RENA ValiQ.
Reference only. Estimates blend public sale comps, neighbourhood trend and the listing’s own metrics. Final price moves on diligence, terms and timing — RENA is your second read, not your agent.
Estimate your monthly cost
PITI + HOA- Principal & interest
- $2,140/mo
- Property tax
- $301/mo
- Home insurance
- $200/mo
Tax, insurance and HOA are editable estimates with Florida-typical defaults — Florida homeowners insurance in particular varies widely by location and elevation. Confirm exact figures with a lender and insurer.
Ask about this property
Answered from this listing’s own figures and the sales around it.
Price historySample data
Reference timeline for $401,990. Live MLS history swaps in with the Stellar feed.
| Date | Event | Price | Change |
|---|---|---|---|
| 2026-08 | Listing updated | $401,990 | — |
| 2026-03 | Price changed | $401,990 | −$20,100 |
| 2026-02 | Listed | $422,090 | — |
NeighbourhoodSample data
Reference scores for PALM BAY, FL. Schools, mobility and amenities feed live data once the dedicated provider connection lands.
Location
Frequently asked questions
What would 3155 MADRAS DRIVE, PALM BAY cost per month?
About $2,254 a month: $2,033 principal and interest, $0 property tax, $201 insurance, $20 HOA. That assumes 20% down at 6.5% over 30 years.
Is 3155 MADRAS DRIVE, PALM BAY priced fairly?
Comparable sales nearby put it between $482,615 and $555,267, with $518,941 in the middle. That is from 8 properties of the same type and size within three miles, at a median of $189 a square foot.
How does 3155 MADRAS DRIVE, PALM BAY compare to nearby homes?
8 comparable properties within three miles. The nearest: 3165 MADRAS DRIVE, PALM BAY, FL at $408,990, 2,850 sq ft, 0.01 miles away; 2879 NILGIRI STREET, PALM BAY, FL at $374,990, 2,080 sq ft, 0.1 miles away; 2530 ROYGARIS STREET, PALM BAY, FL at $389,900, 1,978 sq ft, 0.65 miles away.
How long has 3155 MADRAS DRIVE, PALM BAY been on the market?
It came on the market today.
Has the price of 3155 MADRAS DRIVE, PALM BAY changed?
The price has not moved since it was listed.
How big is 3155 MADRAS DRIVE, PALM BAY?
4 bed, 3 bath, 2,753 square feet. That is $146 a square foot.
What year was 3155 MADRAS DRIVE, PALM BAY built?
Built in 2027.
What is the HOA fee at 3155 MADRAS DRIVE, PALM BAY?
The association fee works out to $20 a month.
What are the property taxes at 3155 MADRAS DRIVE, PALM BAY?
Property tax works out to about $0 a month, $0 a year.
Is 3155 MADRAS DRIVE, PALM BAY still available?
It is still on the market.
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