Overview
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Pricing, comps, HOA, the neighborhood. Answers before you fill out anything.
Open house
Saturday, Oct 10 · 12:00 PM to 4:00 PM
New construction · 2027
Different rules apply when you buy new
Build snapshot
- Build year
- 2027
- Builder
- Ask the team — not on MLS
- Community
- MALABAR SPRINGS
- Type
- Single Family Residence
True monthly carry
- HOA
- ~$20/mo
- CDD bond
- Yes — typically $1,500–$3,500/yr
- Builder incentives
- Ask — change weekly
What we'll do for you on a new build
Builder contract redlines
Builder contracts favor the builder. We mark up the clauses you should push back on before you sign.
11-month inspection
Your 1-year warranty expires quietly. We book an independent inspection at month 11 — saves $5K+ on average in caught defects.
Verified incentives
We verify the current builder incentives every time we walk a community. Rate buy-downs, design-center credits, closing costs — all itemized.
CDD heads-up.This community is in a Community Development District — there's a separate annual bond payment ($1,500–$3,500 typical) on top of HOA that builders often roll into the mortgage statement. Worth knowing before you write an offer.
About this home
3155 Madras Dr NW is a 2027-built home in Malabar Springs, Palm Bay. Inside you'll find 4 bedrooms, 3 bathrooms, and 2,753 square feet of living space. Listed at $401,990 (about $146/sqft), 67 days on market. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable. HOA runs $20 monthly.
Pre-Construction. To be built. 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.
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The essentials
At a glance
Payment
Details
Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.
Price history
Neighborhood
Market insights
Offer Insights
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Sample: 63 closed home sales in 32907 over the last 8 months, Stellar MLS. A starting point, not a guarantee.
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Property taxes estimated at 1.55% of price a year. Insurance estimated at 0.60%. HOA is the fee reported on the listing. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.
Quick answers.
Price
$401,990
$146 per sq ft
Beds and baths
4 beds, 3 baths
Size
2,753 sq ft
Time on market
67 days
Year built
2027
Monthly payment
About $2,837/mo
That is 20% down on a 30-year fixed at 6.8%, plus the home's $0 annual tax bill, insurance, and the $20/mo HOA fee.
HOA fee
$20/mo
Managed by RYAN HOMES.
Flood zone
Zone X
That is outside the high-risk areas, so flood insurance is usually optional rather than required by a lender.
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