Momentum Housing Data · Home Values · Brevard County
Buying here? See South Lakes Phase Ii homes for sale and the South Lakes Phase Ii community guide (Melbourne).
South Lakes Phase I Melbourne (Melbourne, FL): 4 recorded closings in the 12 months ending 2026-07-15, a 9-year price record, and the year-by-year record — every number from recorded MLS closings, none from an estimate model.
In the current window, sellers accepted a median 95.7% of original asking; the median sale took 31 days (window ending 2026-07-15).
| Year | Median sold | Median $/sqft | Median DOM | Sold ÷ original ask | Sales |
|---|---|---|---|---|---|
| 2026 | $319,500 | $189 | 31 | 95.7% | 4 |
| 2023 | $349,000 | $219 | 41 | 98.8% | 3 |
| 2022 | $315,000 | $233 | 12 | 100.6% | 8 |
| 2021 | $229,500 | $151 | 16 | 100.0% | 4 |
| 2020 | $229,900 | $156 | 15 | 100.0% | 7 |
| 2019 | $211,250 | $119 | 10 | 97.5% | 4 |
| 2018 | $181,500 | $101 | 114 | 88.6% | 4 |
| 2015 | $131,000 | $83 | 70 | 94.5% | 5 |
| 2013 | $100,000 | $67 | 50 | 88.4% | 3 |
Over the recorded series, South Lakes Phase I Melbourne’s median sold price moved from $100,000 (2013) to $319,500 (12 months ending 2026-07-15) — +219% over that span, with every year’s figure from recorded closings, not a model.
The recorded series starts in 2013 at $100,000. The 2020–22 run-up did what it did everywhere — South Lakes Phase I Melbourne’s median moved +49% from 2019 to 2022. Against the 2023 peak of $349,000, the current median stands at -8%. Annual sales volume here has ranged from 0 to 8 closings a year (10-yr average 3.8). With roughly 3.8 closings a year, South Lakes Phase I Melbourne’s medians move in steps, not curves — a handful of unusual sales can swing a year, which is why the sales count sits next to every figure above.
From the live MLS feed as of 2026-09-03: The homes listed or recently sold were built between 1990 and 1997 (median 1991); 9 of 9 listed or recently sold homes report an HOA, median $25/mo; none of the 9 geocoded listed or recently sold homes sits in a FEMA special flood hazard zone (median elevation 23 ft). See the current South Lakes Phase I Melbourne listings →
At South Lakes Phase I Melbourne’s $319,500 median and Brevard County’s adopted 15.6 mills (FY2025-26), a home assessed at that price carries roughly $4,990 a year in property tax before exemptions, or about $4,360 with the full Florida homestead exemption — a buyer’s first-year figure; a long-time owner’s Save Our Homes cap can be far lower, which is one reason resale taxes jump at closing. Municipal and special-district millage varies inside the county; see the Brevard County tax page.
Current asking prices run a median $340,000 against the $319,500 recorded sold median (+6%) — the gap between what sellers hope and what the record shows. The market is carrying about 3.4 months of supply at the current sales pace.
Asking and recorded sold prices are within a few percent of each other here, so the table above is close to what a South Lakes Phase I Melbourne buyer will actually pay; the spread on any single home comes down to size, condition and timing.
We don’t publish algorithm guesses for specific homes — they can’t see condition, upgrades, or your lot. A local agent will prepare a records-based valuation from the same closed-sale data on this page, adjusted for your home. Free, no obligation.
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Communities buyers shopping South Lakes Phase I Melbourne are also weighing (nearest by map distance), each on its own recorded 12-month closings. A median well above the neighbors is a ceiling to price against; well below is where the value argument lives.
| Community | Median sold | Median $/sqft | Median DOM | Sales |
|---|---|---|---|---|
| Vista Oaks West Palm Bay | $160,270 | $130 | 61 | 11 |
| The Gables At Lake In The Woods Ph Ii Melbourne | $166,000 | $144 | 92 | 7 |
| Windsor Park Townhomes Palm Bay | $188,500 | $126 | 122 | 6 |
| Palm Bay Colony | $147,850 | $133 | 38 | 34 |
More South Lakes Phase I Melbourne: full community guide & homes for sale · choosing an agent here · should you sell now (statewide data) · what selling costs · cash offer vs. listing
Based on information from the Space Coast MLS for the period %s through %s. Compiled from recorded MLS closings; deemed reliable but not guaranteed. Figures are medians for the stated windows and change as new sales record; individual homes vary widely. No automated valuation for any specific property appears on this page. Equal Housing Opportunity. © 2026 Move With Momentum LLC — brokerage licensed in FL and GA. Disclosures
Content on this page is compiled from public records, MLS data, and automated data sources, and may contain errors or be out of date. It is provided for general information only and is not a representation about any specific property, community, builder, or association. Verify all information independently before relying on it.