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All stats are year over year

Updated September 16, 2026 10:54AM EST

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Days on MarketDOM

40Days | -13%
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Active InventoryAI

4,345 Homes | -24%
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Median Sales PriceMSP

$650,000 | 3%
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New ListingsNL

1,360 Homes | -7%
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Closed SalesCS

1,112 Homes | -2%
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Dollar VolumeDV

$1.4B | 27%
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Months of InventoryMOI

3.5 Months | -33%
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Pending SalesCS

1,206 Homes | 2%
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Palmwood

A subdivision of Melbourne.

Total Homes : 70

Gated : No

Club Membership : No

No-Fee Community : No

Palmwood Map

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Discover the Lifestyle of Palmwood Homes

Palmwood is a small residential subdivision in Melbourne, Florida, located along Elena Way in the 32934 area. The neighborhood offers an established setting with convenient access to Eau Gallie Boulevard, John Rodes Boulevard, I-95, shopping, dining, parks, and recreation.

Palmwood Homes for Sale consist of single-family residences in a compact neighborhood setting. Most homes were constructed in the mid-2000s, while individual properties can differ in architectural details, renovations, landscaping, outdoor spaces, and overall condition.

About Palmwood

Palmwood is a standalone residential subdivision rather than a community within a larger master-planned development. The neighborhood is centered on Elena Way and has a homeowners association responsible for community management and grounds maintenance.

Property records show homes in Palmwood were primarily built around 2005 and 2006. The neighborhood has a consistent residential character, with individual properties featuring different interior updates and exterior improvements completed over time.

Palmwood is positioned just north of Eau Gallie Boulevard and west of John Rodes Boulevard, providing convenient access to I-95 and other major Melbourne roads. Its location also places residents near shopping, restaurants, everyday services, and recreational destinations throughout the city.

History of Palmwood

Palmwood was developed as a residential subdivision during the mid-2000s, with homes primarily constructed between 2005 and 2006. The Palmwood Homeowners Association was established in 2004 as the neighborhood was being developed.

The community has remained a relatively small residential subdivision, with individual homes changing ownership and receiving updates over the years. Its location near Eau Gallie Boulevard reflects the continued residential development of this part of Melbourne during the 2000s.

Amenities

Palmwood is primarily a residential neighborhood, with the homeowners association providing community management and grounds maintenance. The surrounding Melbourne area adds a variety of public and commercial amenities.

  • Neighborhood setting: Palmwood is a compact single-family subdivision centered on Elena Way.
  • Association-maintained areas: The homeowners association provides grounds maintenance and community management services.
  • Transportation: Eau Gallie Boulevard, John Rodes Boulevard, and I-95 provide convenient connections to other parts of Melbourne and the Space Coast.
  • Shopping and dining: The surrounding area offers restaurants, grocery stores, retail centers, and everyday services.
  • Parks and recreation: Melbourne provides access to parks, trails, recreational facilities, and outdoor spaces throughout the city.
  • Indian River Lagoon: Lagoonfront areas provide opportunities for boating, fishing, paddling, and other waterfront activities.
  • Atlantic beaches: Melbourne’s coastal location provides access to beaches and oceanfront recreation along the Space Coast.

Key Details

  • Community type: Residential subdivision
  • Property types: Single-family homes
  • Location: Melbourne, Florida 32934
  • Primary street: Elena Way
  • Development period: Primarily 2005–2006
  • Gated: No
  • Club membership: No private club membership requirement identified
  • Parent community: None
  • Association: Palmwood Homeowners Association
  • Association: Mandatory
  • Association services: Grounds maintenance and community management
  • Community fees: HOA fees apply; current dues, assessments, restrictions, and included services should be verified for the individual property
  • Major roads: Eau Gallie Boulevard, John Rodes Boulevard, and I-95

Nearby Communities

Lansing Ridge is an established Melbourne subdivision with approximately 129 homes. Located in the broader Melbourne area, it provides another established residential setting for buyers comparing communities.

Windover Farms is a larger Melbourne subdivision with approximately 201 homes. Its broader neighborhood footprint offers another option for buyers comparing established residential communities in the area.

Windsor Estates is an established Melbourne subdivision with approximately 154 homes. Its larger size provides a different neighborhood setting for buyers comparing properties throughout Melbourne.

Work with Echo Fine Properties

Explore available homes in Palmwood and compare current properties with other Melbourne communities. Echo Fine Properties can help you review individual homes, HOA information, property features, and nearby options as you evaluate a property in the area.

Palmwood Homes for Sale FAQs

Where is Palmwood located?

Palmwood is located in Melbourne, Florida, in the 32934 area along Elena Way. The neighborhood is near Eau Gallie Boulevard and John Rodes Boulevard, with convenient access to I-95. Shopping, dining, parks, recreation, and other Melbourne destinations are also nearby.

What types of homes are in Palmwood?

Palmwood consists of single-family homes. Most residences were constructed around 2005 and 2006, giving the neighborhood a relatively consistent period of development. Individual homes can vary in architectural details, renovations, landscaping, and outdoor features.

Does Palmwood have an HOA?

Yes. Palmwood has a homeowners association that provides community management and grounds maintenance. Current HOA dues, assessments, restrictions, and included services should be confirmed for the specific property before purchasing.

Is Palmwood a gated community?

Palmwood is not identified as a gated community. It is a residential subdivision centered on Elena Way with traditional neighborhood access.

What is near Palmwood?

Palmwood is near Eau Gallie Boulevard, John Rodes Boulevard, and I-95, providing access to shopping, dining, services, and other Melbourne destinations. Parks, recreation, the Indian River Lagoon, and Atlantic beaches are also accessible from the surrounding area.

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