Waterford Place
Homes for Sale in Melbourne, FL

Waterford Place market snapshot (as of September 20, 2026): the median sale price is about $638K ($268 per sq ft over the trailing 12 months of closed sales), and a median 28 days on market for closed sales. The trailing-12-month median is up 4% from the prior 12 months and up 119% since 2012, computed from record-level Space Coast MLS closed sales (4 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 8 qualified sales in Waterford Place across 2024–2025 (5 in 2024, 3 in 2025), median $650,000 — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.

Waterford Place is a community of 109 homes in Melbourne, Brevard County, built between 1994 and 2001 (median 1996), with a median living area of about 3,340 square feet. 87% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).

Waterford Place sits in Melbourne, in Brevard County, and reads as a house-driven market rather than an amenity-driven one — value tracks the individual property more than any communal feature.

The longer-run numbers tell the story of a steady, appreciating stretch: roughly 110% growth since 2012 and about 7.1% year over year through mid-2026. That kind of trajectory tends to reward homes that have been maintained and updated, because with no shared amenities to lean on, the property's own condition carries the value.

For buyers, that means budget for the house you actually see, not an average. A home near the median can price very differently depending on updates, and the per-square-foot figure of about $262 is a starting reference, not a rule. For sellers, presentation and honest pricing matter more here than elsewhere — the sub-30-day median rewards homes that hit the market clean and correctly priced.

Because this is a condition-driven market with a small recent closing window — only six closings in the current sample — comps here need interpretation, not just a spreadsheet. We read each property against its actual state of repair and updates, so buyers don't overpay for a tired home priced like a fresh one, and sellers don't leave money on the table by under-presenting.

Listings in this community report association dues of about $26 per month ($312 a year) — the median AssociationFee across 77 MLS records, normalised to a monthly figure; most are billed annually. 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.