Magnolia Pointe
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
Over the 12 months ending 2026-09-20, 7 recorded sales closed at a median of $348,000, $201 per square foot, a median 52 days on market, sellers accepting 94% of original asking (-13% versus the prior year). At the median price and Brevard County's FY2025-26 rate of 15.6 mills, annual property tax runs about $5,430 ($4,810 with the full homestead exemption).
| Location | Melbourne, Brevard County, FL · ZIP 32940 |
|---|---|
| Homes in the community | 102 (FL DOR 2025 assessment roll) |
| Years built | 1998–2004 (median 2002.0) |
| Typical living area | 2,444 sq ft (median) |
| Sale prices, last 12 months | $348,000 median across 7 closed sales · $201 per sq ft · -13.0% vs the prior 12 months |
| Days on market (closed sales) | 52 median |
| Owner-occupied (homestead) share | 72% |
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, “Magnolia Pointe key facts,” movewithmomentum.com/neighborhoods/magnolia-pointe--brevard, data as of September 20, 2026.
Magnolia Pointe carries no shared amenities in the current MLS data, so price here is driven by the homes themselves — square footage, condition, and updates — not by a clubhouse or gated entry. The median sits at $360,000, with a median of about $203 per square foot. Expect a wide spread around that figure depending on how much work a given home needs.
The posture is soft. Prices are down 8.9% year over year, the median home takes 43 days to go under contract, and the market heat score of 14 reads cold. That is a buyer's window: there is room to negotiate on price and terms, and no urgency to waive contingencies. For sellers, it means pricing to the current market and presenting a home in strong condition — the days of naming a number and waiting are not here right now.
Magnolia Pointe right now
🔴 Off the recent peak. The trailing-12-month median ($348K) is down 13.0% from the prior 12 months ($400K). With about 7 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 (7 and 7 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
Nearby homes for sale
No active listings inside Magnolia Pointe right now. These are the 6 closest homes on the market, by straight-line distance from the community's center; some may sit just outside its boundary.
Listing data from the MLS feeds named on each listing page; deemed reliable but not guaranteed. Refreshed nightly.
The 60-Second Overview
Magnolia Pointe market snapshot (as of September 20, 2026): the median sale price is about $348K ($201 per sq ft over the trailing 12 months of closed sales), and a median 52 days on market for closed sales. The trailing-12-month median is down 13% from the prior 12 months, computed from record-level Space Coast MLS closed sales (7 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 10 qualified sales in Magnolia Pointe across 2024–2025 (7 in 2024, 3 in 2025), median $400,000 — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.
Magnolia Pointe is a community of 102 homes in Melbourne, Brevard County, built between 1998 and 2004 (median 2002.0), with a median living area of about 2,444 square feet. 72% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).
Magnolia Pointe is a small-turnover pocket of Melbourne with no community amenities pulled from current listings, so what you buy is the house — and over the longer arc, values are up 140% since 2012 even as the last year has pulled back.
Who Magnolia Pointe is best for.
Best for
- Buyers around the $360,000 range who want negotiating leverage and are not in a rush
- Long-horizon owners comfortable holding through a soft patch after a 140% run since 2012
- Value-focused buyers willing to weigh condition and take on updates for a lower entry
Probably not for
- Buyers who want resort-style community amenities, which current listings do not show
- Sellers needing a fast, top-of-market exit within the coming year
- Anyone wanting rapid appreciation, given the current 8.9% year-over-year decline
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 ($348K) IS the median in the snapshot above, and the move from 2025 ($400K) IS the -13.0% one-year change.
Windows contain 2 to 13 sales each (7 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.
34% 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 (2026-09-20).
Housing distress & ownership in Magnolia Pointe, 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.
The Magnolia Pointe buying strategy.
If we were buying in Magnolia Pointe 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 Magnolia Pointe.
A condition-driven market, cooling in the short term
With only 9 closings in the tracking window, this is a thin market where a single well-priced or overpriced sale moves the read. Use comps carefully and weigh condition heavily — at roughly $203 per square foot as the median, an updated home and one needing work can sit far apart around the same $360,000 midpoint.
The 43-day median days-on-market tells you homes are not clearing overnight. Combined with the 8.9% year-over-year decline and a heat score of 14, the leverage currently favors patient buyers. That does not mean the community is weak — the 140% gain since 2012 shows long-term durability — but the near-term trend is down, and both sides should plan around that rather than last year's numbers.
The location and the amenities are priced into every listing in Magnolia Pointe. 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 Magnolia Pointe 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 3 factors (5.4). Basis: Recent Direction -13.0% year-over-year; Owner Commitment 72% owner-occupied; Pricing Power 94.3% sale-to-list. Refreshed with each data update.
Why work with Momentum here
Thin-volume, condition-driven markets are where guesswork costs money. With 9 recent closings and a wide spread around the median, we build a valuation from the actual comparable homes and their condition — not a formula — and we negotiate to the current soft posture instead of last year's prices. Whether you are buying with room to press on terms or selling into a slower market, we tell you what the data actually supports.
Magnolia Pointe in 15 seconds.
HOA, CDD & Fees
- HOA status not on record. Verify any dues before you offer
- Any club/amenity membership is billed separately
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 Magnolia Pointe 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 Magnolia Pointe sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Magnolia Pointe, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Magnolia Pointe home worth?
Get a no-obligation home value based on real comparable sales in Magnolia Pointe, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
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Frequently Asked Questions
What is the median home price in Magnolia Pointe?
How long do homes in Magnolia Pointe take to sell?
How many homes are in Magnolia Pointe?
What share of Magnolia Pointe is owner-occupied?
When were the homes in Magnolia Pointe built?
Who is the best real estate agent for Magnolia Pointe?
How do I find a top Melbourne real estate agent who knows Magnolia Pointe?
Can Momentum Realty connect me with an agent for Magnolia Pointe?
Where is Magnolia Pointe, and what county is it in?
Is Magnolia Pointe a good place to live?
Should you buy in Magnolia Pointe?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| 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 (132 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.
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See how Magnolia Pointe fits the bigger picture — live prices, inventory, and Momentum Scores:
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