Terramore
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.
Photo via Space Coast MLS
Over the 12 months ending 2026-09-20, 3 recorded sales closed at a median of $750,000, $265 per square foot, a median 40 days on market, sellers accepting 97% of original asking (+5% versus the prior year). Homes listed or recently sold were built 2008–2011; 3 of 3 report an HOA (median $97/mo). At the median price and Brevard County's FY2025-26 rate of 15.6 mills, annual property tax runs about $11,700 ($11,080 with the full homestead exemption).
| Location | Melbourne, Brevard County, FL · ZIP 32940 |
|---|---|
| Homes in the community | 44 (FL DOR 2025 assessment roll) |
| Years built | 2006–2012 (median 2009.0) |
| Typical living area | 3,502 sq ft (median) |
| Amenities listed by sellers | Gated, Jogging Path, Maintenance Grounds, Security Gate, Park, Playground |
| Sale prices, last 12 months | $750,000 median across 3 closed sales · $265 per sq ft · +4.9% vs the prior 12 months |
| Days on market (closed sales) | 40 median |
| For sale right now | 0 active, 0 pending |
| Owner-occupied (homestead) share | 82% |
Data as of September 20, 2026. Based on information from the Space Coast MLS for the period 2011 through 2026; housing-stock figures from Florida Department of Revenue public records. Market figures describe homes, not residents. Cite as: Momentum Realty, “Terramore Subdivision key facts,” movewithmomentum.com/neighborhoods/terramore-subdivision, data as of September 20, 2026.
Terramore right now
🟡 Still climbing. The trailing-12-month median ($750K) is up 4.9% from the prior 12 months ($715K). With about 3 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: Low (3 and 3 sales in the two windows).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
· Updated September 28, 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 TerramoreHomes for Sale in Melbourne, FL 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
Terramore market snapshot (as of September 20, 2026): the median sale price is about $750K ($265 per sq ft over the trailing 12 months of closed sales), and a median 40 days on market for closed sales. The trailing-12-month median is up 5% from the prior 12 months, computed from record-level Space Coast MLS closed sales (3 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 Terramore across 2024–2025 (3 in 2024, 2 in 2025), median $755,000 — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.
Terramore is a community of 44 homes in Melbourne, Brevard County, built between 2006 and 2012 (median 2009.0), with a median living area of about 3,502 square feet. 82% 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 Terramore. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
Terramore
Terramore
TerramorePhotos from Space Coast MLS listings in Terramore; 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 ($750K) IS the median in the snapshot above, and the move from 2025 ($715K) IS the +4.9% one-year change.
Windows contain 1 to 5 sales each (3 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 2011 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).
Terramore Market Scorecard
Terramore is currently a balanced market..
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 Terramore Subdivision, 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.
Terramore 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.
The Terramore buying strategy.
If we were buying in Terramore 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 Terramore.
A closer look at the Terramore market
At a median of $265 per square foot, Terramore prices sit in a fairly defined band, so condition and updates — more than the list price — tend to separate one home from the next.
The trailing-12-month median up 5% year over year. Homes that do trade take a median 40 days on market, useful leverage on any listing that has lingered.
The housing stock is 44 homes built between 2006 and 2012, and 82% 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 Terramore. 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 Terramore 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 (7.8). Basis: Recent Direction +4.9% year-over-year; Owner Commitment 82% owner-occupied; Pricing Power 96.8% sale-to-list. Refreshed with each data update.
HOA, CDD & Fees
- HOA dues reported around $97/month (about $1,164/yr) · median of 42 MLS listings, most billed twice a year
- Any club/amenity membership is billed separately
Listings in this community report association dues of about $97 per month ($1,164 a year) — the median AssociationFee across 42 MLS records, normalised to a monthly figure; most are billed twice a year. 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 Terramore 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 Terramore sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Terramore, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Terramore home worth?
Get a no-obligation home value based on real comparable sales in Terramore, 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 Terramore?
How long do homes in Terramore take to sell?
How many homes are in Terramore?
What share of Terramore is owner-occupied?
When were the homes in Terramore built?
Who is the best real estate agent for Terramore?
How do I find a top Melbourne real estate agent who knows Terramore?
Can Momentum Realty connect me with an agent for Terramore?
Where is Terramore, and what county is it in?
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 (1 streets, ZIP 32940)) |
| Under-contract shares | Space Coast MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2011 (45 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 Terramore Subdivision fits the bigger picture — live prices, inventory, and Momentum Scores:
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