Deer Lakes
Homes for Sale in Melbourne, FL
All 714 homes for sale in Melbourne, FL · median $399,000 · 278 homes for sale in 32940 · Brevard County homes for sale
True comps, carrying-cost math, and listings before the portals.
Market Heat
Photo via Space Coast MLS
As of September 2026, Deer Lakes in Melbourne, FL has 2 homes for sale. Over the 12 months ending 2026-09-20, 13 recorded sales closed at a median of $380,000, $212 per square foot, a median 47 days on market, sellers accepting 95% of original asking (-8% versus the prior year). Homes listed or recently sold were built 2002–2005; 14 of 14 report an HOA (median $145/mo); 2 of the 7 geocoded homes sit in a FEMA special flood hazard zone (median elevation 36 ft). At the median price and Brevard County's FY2025-26 rate of 15.6 mills, annual property tax runs about $5,930 ($5,310 with the full homestead exemption).
| Location | Melbourne, Brevard County, FL · ZIP 32940 |
|---|---|
| Homes in the community | 261 (FL DOR 2025 assessment roll) |
| Years built | 2002–2005 (median 2003) |
| Typical living area | 2,482 sq ft (median) |
| Home types (current listings and sales) | single-family 100% |
| Amenities listed by sellers | Playground, Gated, Maintenance Grounds, Management - Off Site, Park, Key Card Entry |
| Sale prices, last 12 months | $380,000 median across 13 closed sales · $212 per sq ft · -7.7% vs the prior 12 months |
| Days on market (closed sales) | 47 median |
| For sale right now | 2 active, 0 pending · median asking $427,400 · 1.8 months of supply |
| Owner-occupied (homestead) share | 71% |
Data as of September 20, 2026. Based on information from the Space Coast MLS for the period 2004 through 2026; housing-stock figures from Florida Department of Revenue public records. Market figures describe homes, not residents. Cite as: Momentum Realty, “Deer Lakes key facts,” movewithmomentum.com/neighborhoods/deer-lakes, data as of September 20, 2026.
Last 30 days in Deer Lakes: 2 closed sales (median $397,500). As of September 26, 2026, Listing data provided by the Space Coast Multiple Listing Service. Information is deemed reliable but is not guaranteed by the MLS to be accurate.
Deer Lakes right now
🟡 Balanced market. 1.8 months of supply and 0% of the inventory already under contract put buyers and sellers on roughly even footing.Why it matters: months of supply is how long today's inventory would last at today's sales pace; under-contract share is the portion of homes for sale that already have a buyer.Momentum Research analysis of Space Coast MLS records, as of September 20, 2026. Confidence: High (2 active and pending listings, 13 closed sales in 12 months).
🟡 Off the recent peak. The trailing-12-month median ($380K) is down 7.7% from the prior 12 months ($412K) and up 145% since 2012. With about a dozen sales a year, a single closing can swing this number, so read the level and the decade, not one year's move.Momentum Research, record-level Space Coast MLS closed sales, 12-month windows ending September 20. Confidence: Medium (13 and 12 sales in the two windows).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
· Updated September 27, 2026 · Live data: Space Coast MLS, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
The 60-Second Overview
Deer Lakes market snapshot (as of September 20, 2026): the median sale price is about $380K ($212 per sq ft over the trailing 12 months of closed sales), a median 47 days on market for closed sales, and 1.8 months of supply, a balanced market. The trailing-12-month median is down 8% from the prior 12 months and up 145% since 2012, computed from record-level Space Coast MLS closed sales (13 closings in the current window).
In ZIP 32940 (Melbourne), 1,061 homes closed in the last 12 months at a median of $405K ($219/sq ft), up 0.4% year over year, with a median 40 days on market. Right now 150 active and 54 pending listings put supply at about 3.0 months — a balanced market. See the live ZIP 32940 housing market and the Brevard County market.
County records show 15 qualified sales in Deer Lakes across 2024–2025 (7 in 2024, 8 in 2025), median $415,000 — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.
Deer Lakes is a community of 261 homes in Melbourne, Brevard County, built between 2002 and 2005 (median 2003), with a median living area of about 2,482 square feet. 71% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).
The setting & the homes.
Aerial and on-site photos of Deer Lakes. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
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Deer LakesPhotos from Space Coast MLS listings in Deer Lakes; content deemed reliable but not guaranteed.
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending September 20 of each year, from record-level Space Coast MLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($380K) IS the median in the snapshot above, and the move from 2025 ($412K) IS the -7.7% one-year change.
Windows contain 3 to 20 sales each (13 in the current window); every figure carries its sample size, and thin markets swing on single closings. Based on information from the Space Coast MLS for the period 2004 through 2026. Deemed reliable but not guaranteed.
32% of homes for sale in ZIP 32940 are already under contract (under contract ÷ under contract + active listings) — a read on how much of the available inventory buyers have already claimed. Source: MLS data (2026-09-27).
Deer Lakes Market Scorecard
Deer Lakes is currently a balanced market. About 1.8 months of supply, a median asking price of $427,400.
Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.
Live data: Space Coast MLS, refreshed twice daily. Market metrics only; these describe homes for sale and recent sales, not residents.
Housing distress & ownership in Deer Lakes, Melbourne
Who owns here, how much is not owner-occupied, and how much for-sale inventory is under distress.
Source: Momentum Realty Research. Ownership & parcels from the FL DOR 2025 tax roll; distress from MLS active-listing status/remarks; price from MLS closed sales. Based on information from the Space Coast MLS for the period September 2026 through September 2026. Deemed reliable but not guaranteed.
Homes For Sale Right Now in Deer Lakes
Live MLS inventory for Deer Lakes. Every active listing, what is under contract right now, and the last 12 months of closed sales, refreshed twice a day. Closed comps beat an algorithm's guess every time.
Active and pending Deer Lakes listings as of 2026-09-26, priced high to low. Based on information from the Space Coast MLS for the period 2004 through 2026. Tap any home to ask about it.
Every Home for Sale in Deer Lakes Right Now (2)
All 2 active and pending Deer Lakes listings with a detail page, newest first, refreshed twice a day from the MLS.
- 3403 Cloudberry Place · $424,900 · 4 bd / 2 ba · listed Jun 27, 2026 · listed by Blue Marlin Real Estate
- 3351 Deer Lakes Drive · $429,900 · 4 bd / 2.5 ba · listed Jun 27, 2026 · listed by Coldwell Banker Coast Realty
Deer Lakes on the map.
Every active, pending, and recently sold home, plotted. Toggle the layers and tap a home for the details.
Listing locations from Space Coast MLS. Map data © OpenStreetMap, tiles © CARTO.
Schools
- Brevard County Public Schools
- Verify the zoned schools by address
- Magnet and choice options may be available
- Sherwood · Elementary
- Johnson · Middle
- Viera · High
Zoned schools reflect the assignments reported on recent Deer Lakes listings and can change; always confirm with Brevard County Public Schools for a specific address.
Buying with schools in mind? We can confirm the exact zoned schools for any Deer Lakes address.
Shop the zone: Homes zoned for Viera High School
The Deer Lakes buying strategy.
If we were buying in Deer Lakes today, this is the order of operations we would run for our clients.
Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.
Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.
Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.
Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.
Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in Deer Lakes.
A closer look at the Deer Lakes market
At a median of $212 per square foot, Deer Lakes prices sit in a fairly defined band, so condition and updates — more than the list price — tend to separate one home from the next.
Inventory runs at 1.8 months of supply, a balanced market and the trailing-12-month median down 8% year over year. Homes that do trade take a median 47 days on market, useful leverage on any listing that has lingered.
The housing stock is 261 homes built between 2002 and 2005, and 71% of parcels are homesteaded — the owner-occupancy proxy in the Florida DOR assessment roll.
The location and the amenities are priced into every listing in Deer Lakes. The deal is won or lost on condition, the comps, and the renovation math.
Momentum Buy Score.
Our proprietary 0 to 10 read across the factors that decide how a home in Deer Lakes buys, holds, and resells. Momentum Research; not an appraisal.
Momentum Intelligence Scores are our proprietary, qualitative assessment on a 0 to 10 scale, built from the record-level market data on this page. They are a framework for comparing communities, not a guarantee of future value and not advice on a specific home; unlike an automated value estimate they do not price your home, they grade the community on evidence you can inspect. Composite is the plain average of the 5 factors (7.0). Basis: Long-Term Appreciation +145% since 2012; Recent Direction -7.7% year-over-year; Liquidity & Demand 1.8 months of supply; Owner Commitment 71% owner-occupied; Pricing Power 95.4% sale-to-list. Refreshed with each data update.
HOA, CDD & Fees
- HOA dues reported around $145/month (about $1,740/yr) · median of 156 MLS listings, most billed quarterly
- Any club/amenity membership is billed separately
Listings in this community report association dues of about $145 per month ($1,740 a year) — the median AssociationFee across 156 MLS records, normalised to a monthly figure; most are billed quarterly. Dues change with budgets and can differ by section or product type; confirm the current figure with the association before you offer. Source: MLS listing records, 2026-09.
Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.
Tools for a Deer Lakes buy.
Free calculators to pressure-test the real cost before you tour.
Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Deer Lakes sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Deer Lakes, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Deer Lakes home worth?
Get a no-obligation home value based on real comparable sales in Deer Lakes, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
See all homes for sale in Melbourne →
Recently off market in Deer Lakes
Homes in Deer Lakes that recently left the market. Each address opens its public-record profile: county-recorded value, property taxes, the last recorded sale, community sales history, and what is for sale nearby now. 2 on record.
- 3284 Cloudberry Place · off market
- 3350 Deer Lakes Drive · off market
Frequently Asked Questions
What is the median home price in Deer Lakes?
How long do homes in Deer Lakes take to sell?
Is Deer Lakes a buyer's or seller's market right now?
How many homes are in Deer Lakes?
What share of Deer Lakes is owner-occupied?
When were the homes in Deer Lakes built?
Have Deer Lakes home prices gone up?
Who is the best real estate agent for Deer Lakes?
How do I find a top Melbourne real estate agent who knows Deer Lakes?
Can Momentum Realty connect me with an agent for Deer Lakes?
Where is Deer Lakes, and what county is it in?
Is Deer Lakes a good place to live?
Data sources & freshness
| Live listings | Space Coast MLS, refreshed twice daily (last: September 26, 2026) |
| Community market stats | Space Coast MLS closed sales, 12-month windows ending September 20, 2026 |
| Housing stock & ownership | Florida DOR assessment roll (street-list match (4 streets, ZIP 32940)) |
| Under-contract shares | Space Coast MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2004 (280 transactions analyzed) |
Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.
Momentum Research figures are our own analysis of Space Coast MLS records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.
Own a home here?
You just read the data. Now see what your home is worth.
The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. Momentum sells for 1.25% above the Space Coast MLS member average and 8 days faster, and we’ll price yours against live local comps.
Looking to buy here? Search homes for sale →
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A real valuation with real comps from a local listing agent, not an instant algorithm. Response within one business day.
See how Deer Lakes fits the bigger picture — live prices, inventory, and Momentum Scores:
Nearby Communities
Explore more neighborhoods near Deer Lakes with Momentum Realty’s local guides.