PALM BAY, FL - Adam America Real Estate, a leading development and investment firm focused on the living sector, and Stellar Communities, a leading residential real estate development company in Florida, today announced the delivery of the first homes at Havens at Palm Bay Reserve, a new build-to-rent residential community in Palm Bay, Florida. Leasing is now underway for the community’s 266 thoughtfully designed single-story casitas, offering a modern and flexible alternative to traditional apartment living.
Havens at Palm Bay Reserve features a mix of one-, two-, and three-bedroom standalone homes ranging from approximately 800 to 1,270 square feet. Each residence is designed with spacious floor plans, private yards, and 10- to 12-foot ceilings, creating a sense of openness and privacy. Base rents start at approximately $1,950 per month. The remainder of the homes are expected to be delivered by the second quarter of 2027.
Positioned to set a new standard for luxury rental living in Florida, the community combines contemporary design with eco-conscious construction. Many homes offer lakefront views overlooking the centrally located man-made lake, while also featuring energy-efficient appliances, water-saving fixtures, and environmentally friendly building materials that appeal to residents seeking both quality and sustainability.
“Our goal with Havens at Palm Bay Reserve is to deliver a refined, low-maintenance lifestyle that blends the comfort of a single-family home with the convenience of a professionally managed community,” said David Brickman, CEO at Adam America Real Estate.
Each home at Havens at Palm Bay Reserve features elegant interior finishes, top-of-the-line appliances, and carefully considered safety and security elements. Residents will have access to a suite of amenities designed to support an active and social lifestyle. These include a resort-style pool with a BBQ pavilion, a fully equipped fitness center, a dedicated yoga and spin studio, and an outdoor playground. The pet-friendly community also features a pet lawn and wash station, along with planned resident events and a private social network. Additional conveniences include 24-hour emergency maintenance and thoughtfully integrated green features throughout the property.
Located in one of Palm Bay’s most desirable areas, the community offers easy access to a diverse dining scene in both Palm Bay and nearby Melbourne. Whether it’s a quick bite after work or a sit-down dinner with friends, the surrounding area supports a flexible, easygoing dining lifestyle without long drives.
Havens at Palm Bay Reserve builds on Adam America Real Estate and Stellar Communities’ growing portfolio of successful build-to-rent communities across Florida, including Havens at Hickory Tree Reserve, a townhome community in St. Cloud, and Havens at Central Park, a 158-unit single-story casita community in Port St. Lucie.
“We’re excited to continue growing our horizontal multifamily portfolio with the launch of Havens at Palm Bay Reserve and to bring this high-quality housing option to another dynamic Florida market,” added Brickman.
“We’re deliberately scaling in high-barrier-to-entry markets where supply is constrained and long-term fundamentals are undeniable—and the Space Coast is at the top of that list,” said Larry Baum of Stellar Communities. “Havens at Palm Bay Reserve reflects our ability to deliver sustainable, high-quality housing that captures demand today while compounding value for our partners over time.”
About Adam America Real Estate: Founded in New York City, Adam America Real Estate has grown into one of the most active and trusted developers in the living sector, with more than 40 renovation and ground-up development projects launched since 2009. The firm’s portfolio spans multifamily, condominium, student housing, and build-to-rent communities, each defined by a commitment to design excellence and resident-focused living. As a vertically integrated owner, developer, and operator, Adam America has developed more than 5,750 residential units, with an additional 1,600 units in its pipeline—representing over $4.2 billion in total asset value. For more information, visit www.adamamerica.com
About Stellar Communities: Established in 2009, Stellar Communities is a leading real estate development company in South Florida. Since its inception, the company has had the privilege of helping over 3,000 families move into the next stage of their lives with a new home. Today, the company has grown into a full-service real estate development company with a progressive focus on eco-construction initiatives for residential communities. With a deep-rooted commitment to quality and value, Stellar Communities builds inspiring homes and communities with unmatched efficiencies in some of the most highly sought-after coastal, urban, and suburban locations across Florida. For more information, visit www.livestellar.com