Waterway Estates
Homes for Sale in Satellite Beach, FL
All 137 homes for sale in Satellite Beach, FL · median $535,900 · Brevard County homes for sale
True comps, carrying-cost math, and listings before the portals.
Photo via Space Coast MLS
As of October 2026, Waterway Estates 3Rd Addn in Satellite Beach, FL has 5 homes for sale. Homes listed or recently sold were built 1961 - 1967; 6 listings state no HOA; none of the 18 geocoded homes sit in a FEMA special flood hazard zone (median elevation 5 ft).
Last 30 days in Waterway Estates: 3 under contract right now, 2 closed sales (median $641,000). As of October 15, 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.
Homes For Sale Right Now in Waterway Estates
Live MLS inventory for Waterway Estates. 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.
ActiveTop listing
Active
Active
Pending
Pending
PendingActive and pending Waterway Estates listings as of 2026-10-14, priced high to low. Based on information from the Space Coast MLS for the period %s through %s. Tap any home to ask about it.
Waterway Estates 3rd Addition is a mature neighborhood of roughly 350 homes built overwhelmingly in the mid-1960s, with median living space around 2,368 square feet. The three-quarter homestead share signals established ownership. What sets price here is condition and updates - the age of the housing stock means everything, and buyers need to budget for either extensive renovation or pay a premium for someone else's remodel work.
The market is balanced at four months of supply with five active listings in July 2026. Neither buyer nor seller holds the whip hand. If you want a slab ranch with room to spread out near Satellite Beach amenities, expect negotiation to hinge on deferred maintenance and the quality of any cosmetic work already done.
Waterway Estates right now
🟡 Balanced market. 4.0 months of supply and 44% 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 July 15, 2026. Confidence: Medium (9 active and pending listings, 0 closed sales in 12 months).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
· Updated October 15, 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
Waterway Estates 3rd Addition is a 350-home enclave in Satellite Beach dominated by homes from the 1960s, offering median living space of 2,368 square feet and a market that sits in neutral as of mid-2026.
Flood zones in Waterway Estates: of 17 listing addresses checked against the FEMA National Flood Hazard Layer, 100% sit outside the FEMA Special Flood Hazard Area (Zone X). Individual parcels vary - verify any specific address at msc.fema.gov. See flood zones by neighborhood in Satellite Beach.
Pre-construction details are compiled from public records, builder announcements and builder listings, and are subject to change without notice; figures are deemed reliable but not guaranteed. Momentum Research figures are our own analysis. This page describes homes, pricing and community attributes, not residents.
The setting & the homes.
Aerial and on-site photos of Waterway Estates. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
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Waterway Estates
Waterway EstatesPhotos from Space Coast MLS listings in Waterway Estates; content deemed reliable but not guaranteed.
Who Waterway Estates is best for.
Best for
- Buyers hunting larger single-family homes in Satellite Beach who can evaluate deferred maintenance and budget accordingly.
- Renovation-ready buyers with cash reserves who see value in acquiring square footage at a discount and controlling the update process.
- Established owners looking to trade up within Brevard's coastal corridor without paying new-construction premiums.
Probably not for
- First-time buyers stretching to meet the purchase price with no contingency fund for systems replacement or permitting surprises.
- Investors counting on quick cosmetic flips in a neighborhood where the next buyer will hire a thorough inspector.
- Anyone who needs a warranty, modern systems, and the certainty that nothing will break in the first twelve months.
The market around Waterway Estates
Waterway Estates is too small for its own price trend, so here is the market around it.
Across Brevard County, 3,585 homes are active and 1,397 pending (28% under contract).
ZIP and county figures describe the wider market, not Waterway Estates specifically. Momentum Research analysis of MLS records.
Waterway Estates 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 contributors.
Schools
- Brevard County Public Schools
- Verify the zoned schools by address
- Magnet and choice options may be available
- Sea Park · Elementary
- DeLaura · Middle
- Satellite · High
Zoned schools reflect the assignments reported on recent Waterway Estates 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 Waterway Estates address.
Shop the zone: Homes zoned for Satellite High School
The Waterway Estates buying strategy.
If we were buying in Waterway Estates 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 Waterway Estates.
Six decades of housing stock, no HOA gloss
The year-built range runs from 1961 to 2024, but the median build date is 1965 - this is fundamentally a mid-century subdivision with a handful of teardown-rebuilds scattered through. No community amenities appear in current listings, so you are buying the lot, the location in Satellite Beach, and whatever four walls happen to sit on the parcel.
Median living area of 2,368 square feet means these are larger single-family homes, typically slab construction on Brevard's barrier island or near-coastal grid. The homestead share of 75 percent reflects long-term ownership and a base of residents who have stayed through multiple market cycles. Turnover is measured, and when a home does list, condition drives every dollar of the negotiation.
Five active listings against 350 homes yields four months of supply - textbook balance. Buyers have time to inspect and negotiate; sellers cannot dictate terms but will not be giving homes away. The wild card is always the bones: original electrical, plumbing, and HVAC in a sixty-year-old house means you need either cash reserves or a willingness to live with deferred work.
The location and the amenities are priced into every listing in Waterway Estates. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
Momentum Realty knows Brevard's older coastal inventory and will walk every crawlspace and attic with you before you write an offer. We work with inspectors who understand mid-century Florida construction, and we will tell you when a cosmetic flip is hiding structural trouble. In a neighborhood where condition is everything and comparables span six decades, you need a broker who prices on facts, not zip-code averages.
Waterway Estates in 15 seconds.
What it really costs to own in Waterway Estates
The parts of the monthly number a mortgage calculator leaves out, from the tax roll, the MLS, Citizens and FEMA. Property facts only.
| Property tax | Current owners' bills run a median of $6,546/yr across 10 listings here (MLS tax records, 2026-10-15). |
|---|---|
| Home and flood insurance | The average Citizens Property Insurance premium in Brevard County is $2,348/yr (6,986 policies, Citizens detail by county, April 2026); private-market quotes depend on roof age, wind mitigation and construction. Flood: of 17 listing addresses checked against the FEMA flood map, 100% sit outside the high-risk zone. Statewide, a Zone X flood policy runs about $500-$700/yr and a high-risk zone $1,200-$2,500/yr (FEMA Risk Rating 2.0 averages, not quotes). |
| Roof and age | Median build year 1965 across 12 listings. An original roof here would be about 61 years old; under Florida's 2022 reform (SB 2-D) carriers may require an inspection past 15 years, so budget for a roof report, and for replacement where it fails. |
Email me new listings in Waterway Estates
One e-mail a day, only when a home lists here, with price, beds, baths and a link to every listing. Straight from the MLS feed; no account needed.
Ask an agent about Waterway Estates
Have a question about the homes, fees, rules or commute here? A Momentum agent who works Waterway Estates will answer, and the answer is published on this page for the next buyer.
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.
Flood & Insurance Context
Of 18 sampled listing addresses in this community: 100% outside the FEMA Special Flood Hazard Area (Zone X/B/C).
Address-sampled; individual parcels vary - verify any specific address at msc.fema.gov. Check any address at FEMA's Flood Map Service Center, and see average home-insurance costs by Florida county.
Source: FEMA National Flood Hazard Layer, address-level lookups (n=18) · as of 2026-10
Tools for a Waterway Estates 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 Waterway Estates sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Waterway Estates, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Waterway Estates home worth?
Get a no-obligation home value based on real comparable sales in Waterway Estates, 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 Satellite Beach →
Recently off market in Waterway Estates 3Rd Addn
Homes in Waterway Estates 3Rd Addn 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. 7 on record.
- 213 River Road · off market
- 335 Coral Reef Drive · off market
- 339 Ibis Lane · off market
- 381 Coral Reef Drive · off market
- 458 Sandpiper Drive · off market
- 462 Sandpiper Drive · off market
- 465 Cardinal Drive · off market
| Location | Satellite Beach, Brevard County, FL |
|---|---|
| Homes in the community | 350 (FL DOR 2025 assessment roll) |
| Years built | 1961–2024 (median 1965) |
| Typical living area | 2,368 sq ft (median) |
| Home types (current listings and sales) | single-family 100% |
| Amenities listed by sellers | Closed Circuit Camera(s), Fishing |
| For sale right now | 5 active, 4 pending · median asking $721,000 · 4.0 months of supply |
| Owner-occupied (homestead) share | 75% |
Data as of July 15, 2026. Based on information from the Space Coast MLS for the period %s through %s; housing-stock figures from Florida Department of Revenue public records. Market figures describe homes, not residents. Cite as: Momentum Realty, “Waterway Estates key facts,” movewithmomentum.com/neighborhoods/waterway-estates-3rd-addn-satellite-beach, data as of July 15, 2026.
Housing distress & ownership in Waterway Estates 3Rd Addn, Satellite Beach
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 October 2026 through October 2026. Deemed reliable but not guaranteed.
Just listed in Waterway Estates
The newest homes for sale in Waterway Estates right now, newest first. Each link opens the full listing with every photo, the price history and a tour request.
- 345 S Point Court $1,160,000 · 3 bd · 4 ba · 3,109 sq ft · new today Courtesy of Charles Rutenberg Realty
- 452 Cardinal Drive $805,000 · 3 bd · 2 ba · 1,563 sq ft · new today Courtesy of Real Broker LLC
- 479 Sandpiper Drive $698,000 · 3 bd · 2 ba · 1,400 sq ft · new today Courtesy of Waterman Real Estate
Checked against the MLS Oct 15, 2026. All new listings in this market.
Every Home for Sale in Waterway Estates 3Rd Addn Satellite Beach Right Now (6)
All 6 active and pending Waterway Estates 3Rd Addn Satellite Beach listings with a detail page, newest first, refreshed twice a day from the MLS.
- 345 S Point Court · $1,160,000 · 3 bd / 4 ba · listed Jul 16, 2026 · listed by Charles Rutenberg Realty
- 452 Cardinal Drive · $805,000 · 3 bd / 2 ba · listed Jul 16, 2026 · listed by Real Broker LLC
- 479 Sandpiper Drive · $698,000 · 3 bd / 2 ba · listed Jul 16, 2026 · listed by Waterman Real Estate
- 428 Penguin Drive · $590,000 · 3 bd / 2 ba · pending · listed Jul 16, 2026 · listed by Triad Realty LLC
- 406 Sandpiper Drive · $629,900 · 3 bd / 2 ba · pending · listed Jul 16, 2026 · listed by Relentless Real Estate Co.
- 424 Cardinal Drive · $749,000 · 3 bd / 2 ba · pending · listed Jul 16, 2026 · listed by Island Pineapple Realty, LLC
Recently sold in Waterway Estates 3Rd Addn Satellite Beach
- 339 Ibis Lane · sold $667,000
- 462 Sandpiper Drive · sold $615,000
- 381 Coral Reef Drive · sold $410,000
- 458 Sandpiper Drive · sold $750,000
- 465 Cardinal Drive · sold $762,500
Closed sales from the MLS; each page shows the sold price, taxes and value history.
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24% of homes for sale in ZIP 32937 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 (2026-10-15).
Waterway Estates Market Scorecard
Waterway Estates is currently a seller's market. About 2.2 months of supply, a median asking price of $805,000.
Typical home value in the 32937 ZIP is $494,745, right around the Florida norm (Zillow Home Value Index).
Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.
Based on information from the Space Coast MLS for the period 2026 through 2026-10-15. Refreshed twice daily. Market metrics only; these describe homes for sale and recent sales, not residents.
Frequently Asked Questions
Is Waterway Estates a buyer's or seller's market right now?
How many homes are in Waterway Estates?
What share of Waterway Estates is owner-occupied?
When were the homes in Waterway Estates built?
Who is the best real estate agent for Waterway Estates?
How do I find a top Satellite Beach real estate agent who knows Waterway Estates?
Can Momentum Realty connect me with an agent for Waterway Estates?
Where is Waterway Estates, and what county is it in?
Is Waterway Estates in a flood zone?
Should you buy in Waterway Estates?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Live listings | Space Coast MLS, refreshed twice daily (last: October 14, 2026) |
| Housing stock & ownership | Florida DOR assessment roll (community parcel extract) |
| Under-contract shares | Space Coast MLS records, as of 2026-07-12 |
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 Waterway Estates 3Rd Addn fits the bigger picture — live prices, inventory, and Momentum Scores:
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