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5125 Madras Dr NW, Palm Bay, FL, 32907

3beds
2baths
1,989sqft
$375,000
$189price/sqft
$2,624/moest. monthly cost
$104,960/yrincome needed

About This Home

Meet the Drexel - Your Ideal 3 to 4 Bedroom Family Home The charming three- to four-bedroom Drexel features a decorative masonry finish with an optional stone front, blending classic curb appeal with modern comfort. Step inside the foyer and follow the hallway past the second and third bathrooms to the open living area-designed for effortless family living. The island kitchen includes a convenient eating bar, perfect for casual meals and gatherings. Nearby, the breakfast nook offers a sunny spot to start your day. The great room welcomes you with an open, inviting layout, complemented by a flexible space that can serve as an office, playroom, or whatever fits your lifestyle. The master suite is a true retreat, boasting a luxurious spa bath and spacious walk-in closet-making this home functional and comfortable for families of any size.

Getting Around

24
WalkingCar-Dependent
0
TransitVery Limited Transit
30
BikeSomewhat Bikeable

Schools

4/10
5/10
Central Middle SchoolGrades 7-83.2 mi
3/10
Heritage High SchoolGrades 9-123.1 mi

Construction

Condition

  • Property condition: New Construction,Under Construction
  • New construction: Yes
  • Year built: 2026

Other

  • Builder name: Maronda Homes

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 2

Interior Area

  • Total interior livable area: 1,989 sqft

Property

Parking

  • Total spaces: 2
  • Parking features: Garage
  • Has garage: Yes
  • Attached garage spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Hurricane
    HurricaneVery High
  • Lightning
    LightningRelatively High
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate
  • Wildfire
    WildfireModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Hurricane
Lightning
Strong Wind
Tornado
Wildfire
Tsunami

FEMA Declared Disasters in Brevard County and Florida

Coastal Storm
Flood
Hurricane
Severe Storm
Straight Line Winds
Tornado
Tropical Depression
Tropical Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,896$22,752
Home Insurance *$316$3,792
Property Taxes $212$2,544
Electricity $200$2,402
Total$2,624$31,488
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$89,965/yr
40% on housing$78,720/yr
45% on housing$69,973/yr

Florida FAIR Plan Programs

Citizens Property Insurance Corporation [Florida]

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,321,953Commercial: 13,564
Total Premiums$4.60B
Total Exposure$385.82B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 13.8%
13.8%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 4.8%
4.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$189This listing

vs Other Active Listings

Avg $/sqft

ZIP 32907$154
Brevard County$192

vs Homes Sold Last Month

Median $/sqft

ZIP 32907$187
Brevard County$209

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-03-26Listed for sale$369,900

New Construction Spec

BrokerageMaronda Homes

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