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Real Estate Values in Florida's Space Coast

What will $200,000, $500,000 and $1,000,000
buy in Florida's space coast?

Realtors believe prices have finally reached the bottom — after a bruising six years in which the median home price fell 55%. Tim Harber, president of Space Coast Realtors, says buyers — many of whom are paying cash — are enticed by the reduced prices. But certain areas are doing better than others. Cocoa Beach in particular is doing well, he says, but Palm Bay is struggling with too much inventory.

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$200,000 $500,000 $1,000,000

Palm Bay
Square Feet: 3,500
Bedrooms/Baths: 5/4
Age: 2
Selling Price: $217,000

The home has a large back yard with no neighbors behind it and a three-car garage.



Rockledge
Square Feet: 3,539
Bedrooms/Baths: 5/3
Age: 6
Selling Price: $520,000

The home, listed for 250 days, has a pool and is in a master-planned gated community. It sold for the list price.

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Merritt Island
Square Feet: 4,828
Bedrooms/baths: 5/5½
Age: 26
Selling Price: $1,030,000

The home straddles the Banana and Indian rivers and has a boat dock and boat lift.