Mission Lake Villas
Homes for Sale in Melbourne, FL

Mission Lake Villas market snapshot (as of September 20, 2026): the median sale price is about $448K ($223 per sq ft over the trailing 12 months of closed sales), a median 19 days on market for closed sales, and 3.0 months of supply, a balanced market. The trailing-12-month median is up 5% from the prior 12 months, computed from record-level Space Coast MLS closed sales (8 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 5 qualified sales in Mission Lake Villas across 2024–2025 (3 in 2024, 2 in 2025), median $420,000 — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.

Mission Lake Villas is a community of 138 homes in Melbourne, Brevard County, built between 1992 and 2004 (median 1994.0), with a median living area of about 2,904 square feet. 81% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).

A compact villa community in Melbourne with no identified shared amenities, where value is set unit by unit and inventory turns over fast but in small numbers.

• Suntree · Elementary
• DeLaura · Middle
• Viera · High

Zoned schools reflect the assignments reported on recent Mission Lake Villas 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 Mission Lake Villas address.

Because current MLS listings show no community amenities, there is no clubhouse, pool, or shared feature to standardize value. That pushes the entire pricing conversation onto the villa itself: kitchen and bath updates, flooring, roof and system age, and floor plan. Two units of similar footage can justify meaningfully different prices purely on how recently they've been renovated, and the median $225 per square foot is best read as a midpoint, not a rule.

The 22-day median sits against a shallow pool of recent closings. That combination rewards preparation on both sides. Sellers who stage, address deferred maintenance, and price to the actual comparable sales tend to clear quickly; those who reach past the condition of their unit sit and then chase the market down. Buyers should have financing and inspection logistics ready before they tour, since hesitation in a fast, low-volume setting usually costs the deal.

In a low-volume community, every comparable sale matters, and a bad read on condition can throw a valuation off badly. We track Mission Lake Villas listing by listing, price against what actually closed rather than a headline average, and help you move at the speed a 22-day market demands without overpaying to do it.

Listings in this community report association dues of about $150 per month ($1,800 a year) — the median AssociationFee across 205 MLS records, normalised to a monthly figure; most are billed monthly. 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, 2026-10.

Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.