Brevard County Real Estate - Malabar

Malabar is a small town located south of Palm Bay in Brevard County, Florida. Established in 1883 and incorporated in 1962, Malabar is known for its old-Florida atmosphere and semi-rural environment.

Malabar is in East Central Florida. It's population as recorded in the 2010 Census was 2,757. Malabar is approximately 52 miles from Port Saint Lucie (population 164,603) and around 3 miles from Palm Bay (population 103,190).

The median age for residents of Malabar is 50. Around 25.1% of Malabar households include school aged children and 32.4% of households include individuals aged 65 years or over. Census records indicate 91.6% of the Malabar population are White, 3.8% are Black or African American, .4% American Indian, .9% Asian and 2.4% are Two or more Races.

There are 1,239 housing units in Malabar. 115 (9.2%) of these were reported as vacant in the 2010 Census. Malabar is a tourist destination, 36.5% (42) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 128 residential rental units in Malabar. 111 of them were occupied in 2010 providing a residential rental vacancy rate of 12.5%.

Malabar links:

Brevard County

Brevard County is located in the East Central Florida region, along with Orange, Volusia, Sumter, Seminole, Lake, and Osceola counties. There are many incorporated municipalities in Brevard. Cities include Cape Canaveral, Cocoa, Cocoa Beach, Indian Harbour Beach, Melbourne, Palm Bay, Rockledge, Satellite Beach, Titusville, and West Melbourne. The towns in Brevard are Grant-Valkaria, Indiatlantic, Malabar, Melbourne Beach, Melbourne Village, and Palm Shores. Brevard?s population is well over half a million.

Top industries for Brevard County include technology, tourism, agriculture, and other service businesses. Top public sector employers for Brevard County are the Brevard County School Board, Brevard County Board of County Commissioners, NASA, and US Department of Defense. Private sector employers include Harris Corporation, Health First, Inc., United Space Alliance, Wuesthoff Health System, and Northrop Grumman Corporation.

Kennedy Space Center is located on Merritt Island in Brevard County and provides many jobs for the area, as well as acting as a popular tourist destination. It is from this activity that Brevard takes its nickname, the Space Coast. Nicknamed "Space City USA", the city of Titusville is across the water from KSC. The city?s population is highly-educated. The city is a popular destination for visitors wishing to see spacecraft launches.

Other tourist attractions in Brevard County include Port Canaveral, one of the busiest cruise ports in the world, the Merritt Island National Wildlife Refuge, and Cocoa Beach. Port Canaveral is serviced by Disney Cruise Lines, Carnival, and Royal Caribbean. Not just a tourist destination, the port is within a foreign trade zone.

In 2010 and 2011, the Brookings Institution reported that Brevard ranked in the bottom fifth of the nation's top metro areas, based on unemployment, gross metropolitan product, housing prices and foreclosed properties. In 2011, the county was rated the 6th worst in the nation for foreclosures. RealtyTrac rated Brevard as the best county in the United States for buyers in 2013 because of the low prices.

Neighboring Properties

AddressTypeSq FtClass 
218 Fitchburg St Sw Vacant Residential 0 L
207 Gardner Rd Sw Vacant Residential 0 L
228 Fitchburg St Sw Vacant Residential 0 L
215 Fitchburg St Sw Single Family 1,840 B
217 Gardner Rd Sw Single Family 2,047 B
229 Fitchburg St Sw Vacant Residential 0 L
238 Fitchburg St Sw Vacant Residential 0 L
227 Gardner Rd Sw Single Family 2,253 B
243 Fitchburg St Sw Vacant Residential 0 L
206 Gardner Rd Sw Vacant Residential 0 L
214 Friendly St Sw Vacant Residential 0 L
248 Fitchburg St Sw Single Family 2,000 B
2515 Stillwater Lakes Dr Sw Vacant Residential 0 L
216 Gardner Rd Sw Vacant Residential 0 L
228 Friendly St Sw Single Family 2,225 B
2505 Stillwater Lakes Dr Sw Vacant Residential 0 L
237 Gardner Rd Sw Single Family 2,253 B
2525 Stillwater Lakes Dr Sw Single Family 3,229 A
257 Fitchburg St Sw Vacant Residential 0 L
242 Friendly St Sw Vacant Residential 0 L
258 Fitchburg St Sw Vacant Residential 0 L
236 Gardner Rd Sw Vacant Residential 0 L
2495 Stillwater Lakes Dr Sw Single Family 3,532 B
215 Olin Rd Sw Vacant Residential 0 L
241 Gardner Rd Sw Vacant Residential 0 L
2535 Stillwater Lakes Dr Sw Single Family 2,237 B
271 Fitchburg St Sw Vacant Residential 0 L
256 Friendly St Sw Vacant Residential 0 L
229 Olin Rd Sw Vacant Residential 0 L
215 Friendly St Sw Vacant Residential 0 L

Nearest MLS Listings

Nearest properties for sale within 3 miles of this location

AddressMilesSq FtPrice 
218 Fitchburg St Sw .02 0 $54,900
313 Felton St Sw .25 0 $23,000
215 Olsmar St Sw .32 2,193 $349,900
401 Lamon St Sw .37 0 $49,900
2655 Labin Ave Sw .39 0 $45,000
450 Gallagher St Sw .42 0 $346,165
327 Olster St Sw .45 0 $50,000
306 Frazer St Sw .45 0 $39,999
426 Lamon St Sw .45 0 $38,000
132 Frazer St Sw .46 0 $49,990
482 Gallagher St Sw .48 0 $52,000
213 Labra Rd Sw .52 0 $389,450
424 Osmosis Dr Sw .54 0 $52,000
515 Ladyslipper St Sw .57 0 $52,000
523 Ladyslipper St Sw .59 0 $52,000

Local Household Income

The median household income in this part of Florida is $65,996. The bottom 10% of the population earn less than $23,217 per year. The top 10% earn more than $150,879 per year. The top 1% earn more than $414,648 per year. Most renters earn between $28,332 (20th percentile) and $50,268 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $131,992 and $164,990.

The tax assessed value of this property places it in percentile 26 of all properties in this area. This suggests it would appeal to someone earning around $40,162 per year who should qualify for a mortgage between $80,324 and $100,405.

Source: US Census American Community Survey - 2008-2012 ACS 5-year PUMS estimates

Local Rents

The median monthly rent in this part of Florida is $847. Most renters earn between $2,361 and $4,189 per month. They typically spend 33% of their monthly income on rent. Most rents fall in the $608 (20th percentile) to $1,140 (80th percentile) range. The residential vacancy rate is 8%.

This property falls in percentile 26 of all properties in this area. This corresponds to a rent of $666 per month and a monthly household income of $2,530 ($30,360 per year)

Nearby Companies

Space Coast Water Ski Club, Inc.
2535 Stillwater Lakes Dr Sw
Aquaventures Intl, LLC
2525 Stillwater Lakes Dr
2525 Stillwater Lakes, LLC.
2525 Stillwater Lakes Dr
16th Ave Vero Triplex, LLC.
2525 Stillwater Lakes Dr
11th Place Vero Duplex, LLC.
2525 Stillwater Lakes Dr
558 Gasparilla Ave, LLC.
2525 Stillwater Lakes Dr
Southern Pines Rentals, LLC.
2525 Stillwater Lakes Dr
713 Laurel Bay Circle, LLC.
2525 Stillwater Lakes Dr
Stealth Products, Inc.
2525 Stillwater Lakes Dr
802 Hillsdale Drive, Inc.
2525 Stillwater Lakes Dr
9292 Northcliffe, Inc.
2525 Stillwater Lakes Dr
Disclaimers and Disclosures

Public Records Data

The information on this page was compiled from public records. It is deemed reliable but not guaranteed to be an accurate snapshot of the property details at the time the snapshot was taken. All information should be independently verified.

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