Canal Shores Sub Melrose
Homes for Sale in Melrose, FL
True comps, carrying-cost math, and listings before the portals.
Photo via Stellar MLS
As of October 2026, Canal Shores in Indianapolis, FL has 1 home for sale. As of October 2026, the MLS records 12 closed sales in Canal Shores in Indianapolis, FL since 2000, the most recent in October 2020.
Canal Shores Sub Melrose is a small pocket in Indianapolis, Marion County, and the data here is thin by design: just two active listings as of mid-July 2026. With a count this low, there is no reliable median to anchor to, and no dollar figure I would stand behind. Price in a market this size is set listing by listing - condition, lot, and how a given seller reads the moment matter more than any neighborhood trend line.
For a buyer, that means the two homes on the market right now essentially are the market - study them closely rather than looking for a pattern across dozens of comps. For a seller, the flip side is real: with almost nothing competing, a well-prepared home stands out, but pricing has to lean on individual comps rather than community momentum. Move deliberately and expect to negotiate on specifics.
The 60-Second Overview
This is a compact Indianapolis community with only two homes currently listed and no shared amenities identified in the MLS. It functions as a low-inventory, home-by-home market rather than a large subdivision with its own dynamics.
Stellar MLS sales records identify 13 homes in Canal Shores that have changed hands since 2000, built between 1942 and 2006 (median 1976), with a median living area of about 1,462 sq ft and a typical 3-bedroom, 2-bath layout; 100% are single-family homes. Source: Stellar MLS closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.
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.
Who Canal Shores Sub Melrose is best for.
Best for
- Buyers targeting this exact Indianapolis pocket who can wait for the right listing
- Purchasers comfortable evaluating a home on its own merits rather than neighborhood momentum
- Sellers who want to list into a market with minimal competing inventory
Probably not for
- Buyers who need many homes to compare before committing
- Anyone whose budget depends on amenity-driven value like pools or a clubhouse
- Buyers who want established price benchmarks and a deep comp history to negotiate against
The market around Canal Shores Sub Melrose
Canal Shores Sub Melrose is too small for its own price trend, so here is the market around it.
In ZIP 32666, 57 homes are on the market and 21% are under contract — a steady corner of Indianapolis.
Across Marion County, 3,918 homes are active and 1,163 pending (23% under contract).
In ZIP 32666 (Indianapolis), 229 homes closed in the last 12 months at a median of $365K ($223/sq ft), up 2.2% year over year, with a median 30 days on market. Right now 31 active and 23 pending listings put supply at about 2.2 months - a healthy market. See the live ZIP 32666 housing market and the Putnam County market.
ZIP and county figures describe the wider market, not Canal Shores Sub Melrose specifically. Momentum Research analysis of MLS records.
The real cost & risk here
Before the list price, the Florida math the portals skip. These are Alachua County typicals — your exact home, flood zone, and insurance quote will vary, so verify each before you offer.
Check it for your address: look up your flood zone (FEMA) · insurance by county · true-cost calculator · Alachua County scorecard.
County typicals from Momentum’s Florida housing data (Zillow & Realtor.com aggregates, Census, FRED), updated monthly; insurance modeled. Flood zone is property-specific — always confirm via FEMA.
22% of homes for sale in ZIP 32666 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 (2026-10-01).
Canal Shores Market Scorecard
Canal Shores is currently a thin data market. Limited supply, a median asking price of $398,000, and homes go under contract in about 4 days.
Typical home value in the 32666 ZIP is $317,725, about 4.4% below the Florida norm (Zillow Home Value Index).
Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.
Live data: Stellar MLS, distributed by MLS GRID, refreshed twice daily. Typical value: Zillow Research. Market metrics only; these describe homes for sale and recent sales, not residents.
Homes For Sale Right Now in Canal Shores Sub Melrose
Live MLS inventory for Canal Shores Sub Melrose. 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.
Active and pending Canal Shores Sub Melrose listings as of 2026-09-16, priced high to low. Based on Stellar MLS data distributed by MLS GRID for the period 2000 through 2020. Tap any home to ask about it.
Every Home for Sale in Canal Shores Sub Melrose Right Now (1)
All 1 active and pending Canal Shores Sub Melrose listings with a detail page, newest first, refreshed twice a day from the MLS.
- 5930 Island Road · $398,000 · 2 bd / 2 ba · listed Sep 10, 2026 · listed by Helen Hersey Realty
Schools
- Marion County Public Schools
- Verify the zoned schools by address
- Magnet and choice options may be available
- Chester Shell Elementary School-AL · Elementary
- Hawthorne Middle/High School-AL · Middle
- Hawthorne Middle/High School-AL · High
Zoned schools reflect the assignments reported on recent Canal Shores Sub Melrose listings and can change; always confirm with Marion County Public Schools for a specific address.
Buying with schools in mind? We can confirm the exact zoned schools for any Canal Shores Sub Melrose address.
The Canal Shores Sub Melrose buying strategy.
If we were buying in Canal Shores Sub Melrose 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 Canal Shores Sub Melrose.
A thin-inventory pocket
With two active listings and no community amenities identified from current MLS records, Canal Shores Sub Melrose offers little of the shared infrastructure - pools, clubhouses, gated entries - that shapes value in larger developments. What you are buying is the individual property and its location in Marion County, not an amenity package.
Because inventory is this limited, the usual signals - days on market averages, price-per-foot bands, absorption rate - do not produce meaningful numbers. That is not a red flag; it is simply the nature of a small community. The practical implication is that each listing needs to be evaluated on its own condition and pricing, and both sides should be prepared for a longer search or a longer wait for the right match.
The location and the amenities are priced into every listing in Canal Shores Sub Melrose. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a market this small, generic pricing tools fall apart - two listings will not tell you what a home is worth. We work the individual comps, walk the specific properties, and give you a read grounded in condition and location rather than a trend line that does not exist here. Whether you are buying one of the few available homes or preparing to list into a quiet field, we set expectations honestly and negotiate on the details that actually move the number.
Canal Shores Sub Melrose in 15 seconds.
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.
Tools for a Canal Shores Sub Melrose 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 Canal Shores Sub Melrose sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Canal Shores Sub Melrose, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Canal Shores Sub Melrose home worth?
Get a no-obligation home value based on real comparable sales in Canal Shores Sub Melrose, 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 homes for sale in Canal Shores Sub Melrose on the map →
Should you buy in Canal Shores Sub Melrose?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Live listings | Stellar MLS, refreshed twice daily (last: September 16, 2026) |
| Under-contract shares | Stellar MLS records, as of 2026-08-30 |
| Historical depth | Closed-sale records back to 2000 (12 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 Stellar 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 Stellar MLS member average and 8 days faster, and we’ll price yours against live local comps.
Looking to buy here? Search homes for sale →
What’s your home worth in your area?
A real valuation with real comps from a local listing agent, not an instant algorithm. Response within one business day.
See how Canal Shores fits the bigger picture — live prices, inventory, and Momentum Scores:
Common questions about Canal Shores Sub Melrose
Where is Canal Shores Sub Melrose?
Canal Shores Sub Melrose is a community in Indianapolis, Marion County, Florida, ZIP 32666.
Are there homes for sale in Canal Shores Sub Melrose right now?
Yes - 1 active and 0 pending listings as of the last feed refresh (twice daily). They are listed on this page.
Does Canal Shores Sub Melrose have an HOA or CDD?
No HOA is on record for Canal Shores Sub Melrose in our data. Verify dues, what they cover, and any special assessment for a specific address before you offer.
Answers are generated from county property records, MLS feeds and the figures on this page, as of the page date; deemed reliable but not guaranteed.
Nearby Communities
Explore more neighborhoods near Canal Shores Sub Melrose with Momentum Realty’s local guides.