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5145 MADRAS DRIVE NW

House Active With Contract
$398,720

BTC: 4.96537983

ETH: 159.48800000

+$49K (2026/04/08)
135 days
3 bds
2 ba
2,080 sqft

Overview

Under Construction. 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 is the ideal location for the stylish and spacious Patterson, where Florida living gets an upgrade! This isn’t your average home – we’re talking about soaring 11’ ceilings that will make your Great Room feel like a palace. Picture yourself hosting the ultimate indoor-outdoor party, with massive sliding glass doors that transform your spacious 24’4” Lanai into an extension of your living space. The showstopper? A chef’s dream kitchen featuring a massive 9’9” island perfect for everything from Sunday meal prep to Friday night pizza parties. With three bedrooms (including a luxurious Owner’s Suite that feels like a 5-star resort) and a Study, The Patterson isn’t just a house – it’s your ticket to living the sweet life, Florida style! Welcome to Malabar Springs, Palm Bay's exciting new resort-style community! 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.

Location

Details

Type:
Residential
Parking:
Driveway / Garage Door Opener
Year Built:
2026
Lot:
0.14 Acres
Heating:
Central
Price/sqft:
$192
Cooling:
Central Air
HOA:
$20

Valuation

Our model vs. what's actually selling nearby.
Estimate
$424,300
$388K – $464K
Confidence Medium
List vs. estimate
$25K below estimate
List $398,720 · -6.0%
Our model says this listing is priced below recent comparable activity. Expect competition.
Price per sq ft
$191
-0.3% vs. city median $192
Based on
5 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

HOA
$20/mo
Recreational Facilities
Pool
Child Safety Fence
Garage
2 car garage
Pets
Number Limit
All facts and features
  • Flooring

    • Ceramic Tile

    • Concrete

    Heating

    • Central

    Cooling

    • Central Air

    Appliances

    • Dishwasher

    • Disposal

    • Electric Water Heater

    • Microwave

    • Range

    Other interior features

    • Crown Molding

    • Eating Space In Kitchen

    • High Ceilings

    • Primary Bedroom Main Floor

    • Stone Counters

    • Thermostat

    • Tray Ceiling(s)

    • Walk-In Closet(s)

    Bedrooms and bathrooms

    • Bedrooms: 3

    • Bathrooms: 1

    • Full bathrooms: 2

  • Parking

    • Driveway

    • Garage Door Opener

    Property

    • Levels: One

    • Exterior Features: French Doors / Hurricane Shutters / Irrigation System

    Lot

    • Lot: 0.14 Acres

    Other Property Information

    • Parcel Number: 28363225I9

    • Zoning: 00

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Single Family Residence

  • Utility

    • BB/HS Internet Available

    • Cable Available

    Green energy

    • Appliances

    • HVAC

    • Lighting

    • Thermostat

    • Windows

  • Other financial information

    • HOA: $20

    • HOA Frequency: Monthly

  • Source details

    • MLS ID: W7880952

    Other facts

    • Construction Materials: Block / Stucco / Wood Frame

    • Foundation Details: Slab

    • Laundry Features: Inside

    • Lot Features: Sidewalk

    • Patio And Porch Features: Covered / Patio

    • Pool Features: Child Safety Fence / Gunite / In Ground / Other

    • Window Features: ENERGY STAR Qualified Windows

    • Direction Faces: South

    • Garage Spaces: 2

    • Attached Garage: Yes

    • Garage: Yes

    • Living Area: 2080

    • Water Source: Public

    • Lot Size Dimensions: 50 x 120

    • Subdivision Name: MALABAR SPRINGS

Private inquiry
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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: MALTBIE REALTY GROUP