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Homebuyers and sellers are navigating a slow and expensive housing market, with rising prices and stagnant demand on the sidelines. This comes amid rising and growing . But luxury homes—multimillion-dollar estates, sleek penthouses, and one-of-a-kind custom builds—are , even as most buyers pull back.

Most people can't afford high-end homes, although they're still fun to dream about. So, to highlight where luxury real estate is commanding the highest prices, Redfin analyzed the most expensive neighborhoods in the Palm Bay metro area—and showcased a few of the area's standout listings (when possible).

Note: Redfin's analysis focused on metro areas, meaning some neighborhoods fell within smaller nearby cities. Listings and data were gathered on October 15, 2025.

#1. Brisbane at Suntree (Melbourne, FL)

3882 Durksly Dr, Melbourne, FL 32940
- List price: $879,900
- Beds: 4 | Baths: 3 | Square feet: 2,558
- See 3882 Durksly Dr, Melbourne, FL 32940 on

4071 Durksly Dr, Melbourne, FL 32940
- List price: $1,450,000
- Beds: 4 | Baths: 3.5 | Square feet: 3,272
- See 4071 Durksly Dr, Melbourne, FL 32940 on

4117 Melrose Ct, Melbourne, FL 32940
- List price: $869,900
- Beds: 4 | Baths: 3 | Square feet: 2,703
- See 4117 Melrose Ct, Melbourne, FL 32940 on

4180 Stoney Point Rd, Melbourne, FL 32940
- List price: $725,000
- Beds: 4 | Baths: 3 | Square feet: 2,660
- See 4180 Stoney Point Rd, Melbourne, FL 32940 on

#2. Villages of North Solerno (Viera West, FL)

3374 Sedge Dr, Rockledge, FL 32955
- List price: $369,000
- Beds: 2 | Baths: 2 | Square feet: 1,390
- See 3374 Sedge Dr, Rockledge, FL 32955 on

3611 Gatlin Dr, Rockledge, FL 32955
- List price: $839,000
- Beds: 4 | Baths: 3 | Square feet: 2,550
- See 3611 Gatlin Dr, Rockledge, FL 32955 on

6017 Indigo Crossing Dr, Rockledge, FL 32955
- List price: $489,900
- Beds: 4 | Baths: 2 | Square feet: 1,911
- See 6017 Indigo Crossing Dr, Rockledge, FL 32955 on

#3. Historic Cocoa Village (Cocoa, FL)

102 Riverside Dr, Cocoa, FL 32922
- List price: $515,000
- Beds: 2 | Baths: 2 | Square feet: 1,616
- See 102 Riverside Dr, Cocoa, FL 32922 on

104 Riverside Dr, Cocoa, FL 32922
- List price: $519,900
- Beds: 2 | Baths: 2 | Square feet: 1,479
- See 104 Riverside Dr, Cocoa, FL 32922 on

215 First Light Cir, Cocoa, FL 32922
- List price: $699,000
- Beds: 4 | Baths: 3 | Square feet: 2,020
- See 215 First Light Cir, Cocoa, FL 32922 on

220 First Light Cir, Cocoa, FL 32922
- List price: $569,800
- Beds: 4 | Baths: 3 | Square feet: 2,020
- See 220 First Light Cir, Cocoa, FL 32922 on

#4. Valkaria, FL (Grant)

235 Loggerhead Dr, Melbourne Beach, FL 32951
- List price: $995,000
- Beds: 4 | Baths: 4 | Square feet: 2,935
- See 235 Loggerhead Dr, Melbourne Beach, FL 32951 on

241 Woody Cir, Melbourne Beach, FL 32951
- List price: $797,000
- Beds: 3 | Baths: 2 | Square feet: 2,329
- See 241 Woody Cir, Melbourne Beach, FL 32951 on

5240 Highway A1A, Melbourne Beach, FL 32951
- List price: $949,000
- Beds: 4 | Baths: 3.5 | Square feet: 2,205
- See 5240 Highway A1A, Melbourne Beach, FL 32951 on

5585 Cord Grass Ln, Melbourne Beach, FL 32951
- List price: $424,989
- Beds: 2 | Baths: 2 | Square feet: 1,033
- See 5585 Cord Grass Ln, Melbourne Beach, FL 32951 on

#5. Windover Farms (Melbourne, FL)

4356 Davidia Dr, Melbourne, FL 32934
- List price: $895,000
- Beds: 4 | Baths: 3 | Square feet: 3,303
- See 4356 Davidia Dr, Melbourne, FL 32934 on

4362 Ligustrum Dr, Melbourne, FL 32934
- List price: $1,075,000
- Beds: 5 | Baths: 4 | Square feet: 3,883
- See 4362 Ligustrum Dr, Melbourne, FL 32934 on

4540 Canard Rd, Melbourne, FL 32934
- List price: $735,000
- Beds: 4 | Baths: 3 | Square feet: 2,497
- See 4540 Canard Rd, Melbourne, FL 32934 on