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.