GREAT LOCATION TO BUILD YOUR NEW HOME. Palm Bay is becoming one of the largest and fastest growing areas making it the ideal location to build the home of your dreams. Port Malabar is a highly desired community that is quiet with no hoa fees, but close to everything. With over 29 parks nearby to choose from, Palm Bay is a favorite with nature lovers and fishermen. A 5-minute ride to the Indian river as well as Goode Park Turkey creek boat/ Kayak launch. You are only minutes to the beaches, A1A, & I-95.