Chestnut Run
Homes for Sale in Melbourne, FL
All 713 homes for sale in Melbourne, FL · median $399,900 · Brevard County homes for sale
True comps, carrying-cost math, and listings before the portals.
Photo via Space Coast MLS
Chestnut Run 1St Addition is a community in Melbourne, Brevard County, FL. Across Melbourne as a whole, 1,028 homes closed in the last 12 months at a median of $386,000, 45 median days on market, with 682 homes for sale today. At that median and Brevard County's FY2025-26 rate of 15.6 mills, annual property tax runs about $6,020 ($5,400 with the full homestead exemption).
Chestnut Run 1st Addition is a small pocket in Melbourne with no HOA amenities identified from current MLS listings, so what you're buying is the house and the lot, not a package of shared facilities. In a community this size, price is driven less by comps stacked deep in the same subdivision and more by the condition and updates of the specific home in front of you.
With a thin closings window to read from, neither side has a fat dataset to lean on. That cuts both ways: a well-prepared seller can set the tone, and a buyer who does the homework on condition and location can negotiate without a wall of recent sales dictating the number.
Figures in this note are as of July 18, 2026. The live market numbers elsewhere on this page update nightly and are newer.
Nearby homes for sale
No active listings inside Chestnut Run 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
This is a modest Melbourne enclave in Brevard County with no community amenities on file — the appeal is the home itself and the surrounding Space Coast location rather than any shared perks.
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 Chestnut Run is best for.
Best for
- Buyers prioritizing a Melbourne location over community facilities
- Value-focused buyers willing to weigh a home's condition and updates carefully
- Owner-occupants planning to hold and improve a specific property
Probably not for
- Buyers who want pools, gyms, or other shared HOA amenities
- Buyers who need a deep bench of recent comparable sales before committing
- Buyers seeking a turnkey, uniform master-planned feel
The market around Chestnut Run
Chestnut Run is too small for its own price trend, so here is the market around it.
Across Brevard County, 4,089 homes are active and 1,281 pending (24% under contract).
ZIP and county figures describe the wider market, not Chestnut Run specifically. Momentum Research analysis of MLS records.
The Chestnut Run buying strategy.
If we were buying in Chestnut Run 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 Chestnut Run.
Reading a small, amenity-free pocket
Because no HOA amenities show up in current listings, expect the price spread here to be condition-driven. Two homes on the same street can trade very differently depending on roof age, systems, kitchens, and baths — updates matter more than any community feature, because there isn't one to pay for.
Location does the heavy lifting. Chestnut Run 1st Addition sits within Melbourne's broader Space Coast footprint, so proximity to work centers, retail corridors, and coastal access is part of the value story. Evaluate each listing on its own footing rather than assuming a subdivision premium.
The location and the amenities are priced into every listing in Chestnut Run. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a small, thinly-traded pocket like this, a broker who knows how to weigh condition against a shallow comp set earns their keep. We price and negotiate on what the specific home actually offers — not on a boilerplate community narrative — and we'll tell you plainly when a listing doesn't justify its ask.
Chestnut Run in 15 seconds.
Tools for a Chestnut Run 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 Chestnut Run sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Chestnut Run, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Chestnut Run home worth?
Get a no-obligation home value based on real comparable sales in Chestnut Run, 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 Melbourne →
Should you buy in Chestnut Run?
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 24, 2026) |
| Under-contract shares | Space Coast MLS records, as of 2026-11-08 |
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.
Recent Developments in Chestnut Run 1st Addition
Development, infrastructure, retail, and school activity affecting Chestnut Run 1st Addition, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated November 2026.
- October 2026Retail & Dining
Margarita Island opens in the former El Chico building on Evans Road, Melbourne
The Mexican restaurant chain opened at 1751 Evans Road in Melbourne, its fourth Brevard location and seventh in Florida. It offers a full menu and a full-service bar.
What it may mean for the marketA new sit-down dining option adds to restaurant choices along the Evans Road area of Melbourne. The project is about 4 miles northwest of Chestnut Run 1st Addition, elsewhere in Brevard County.
Source: Space Coast Daily - October 2026Market
Brevard September home sales: single-family slows while condos and townhomes gain
Space Coast Association of Realtors data show the September single-family median price at $380,000, up 0.5%, with closed sales down 2.5% to 818 and 3.5 months of supply. Condo and townhouse median price rose 6.9% to $272,500, with 172 closed sales and 5.9 months of supply.
What it may mean for the marketTighter single-family supply and a firmer condo and townhouse segment point to differing inventory conditions across Brevard housing types. The project is about 13 miles northwest of Chestnut Run 1st Addition, elsewhere in Brevard County.
Source: Space Coast Daily - October 2026Infrastructure
Melbourne starts a citywide road condition survey with a scanning van
City consultant Michael Baker International began driving every city-maintained road on Oct. 15 with LiDAR, 3D scanners and cameras. The survey should finish by the end of 2026, and the Pavement Management Plan will be updated by early 2027 to prioritize resurfacing.
What it may mean for the marketThe survey will set the resurfacing priority list that shapes road conditions and repair timing across Melbourne. The site is less than a mile northwest of Chestnut Run 1st Addition.
Source: WFTV - June 2026Development
Proposed Brevard County USL soccer stadium would anchor new mixed-use development
Developers unveiled plans for an 8,000-seat professional soccer stadium along West NASA Boulevard by Melbourne Orlando International Airport as the home of the Space Coast Soccer Club. The complex would include restaurants and retail space, with a targeted opening in spring 2028 and about 20 to 25 professional matches per year.
What it may mean for the marketA new stadium and mixed-use complex would add restaurant, retail, and event space to this part of Melbourne and expand the local commercial and entertainment footprint. The project is about 3 miles west of Chestnut Run 1st Addition, elsewhere in Brevard County.
Source: FOX 35 Orlando - June 2026Development
West Melbourne's Space Coast Town Center Expands
The 225-acre Space Coast Town Center on U.S. 192 and Interstate 95 in West Melbourne is advancing a new phase called The Landing, which will feature a grocery anchor, retail shops, restaurants, and roughly 300 apartments. When fully built, the overall development is planned to include more than 2,000 residential units, 300 hotel rooms, office space, and retail.
What it may mean for the marketA new phase adds grocery, retail, dining, and apartment capacity to this mixed-use center and expands the local commercial base at a major highway interchange. The project is about 5 miles west of Chestnut Run 1st Addition, elsewhere in Brevard County.
Source: WFTV - May 2026Infrastructure
Ellis Road widening from John Rodes Boulevard to Wickham Road advances to construction
FDOT's project to widen Ellis Road from two to four lanes over about 1.8 miles between John Rodes Boulevard and Wickham Road in the Melbourne area had a construction letting scheduled for May 20, 2026, at an estimated construction cost of $57 million. The work includes new sidewalks, buffered bicycle lanes, new traffic signals, and drainage improvements.
What it may mean for the marketWidening this corridor would increase road capacity and add sidewalks and bike lanes across a key West Melbourne and Melbourne connection. The project is about 4 miles northwest of Chestnut Run 1st Addition, elsewhere in Brevard County.
Source: CFL Roads (FDOT)
Summaries reflect public reporting and official sources linked above as of the dates shown. Project details, timelines, and approvals can change. Commentary on potential market effects is general observation, not investment advice or a prediction for any specific property. For the freshest items across the whole region, see This Week in Northeast Florida.
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. A Momentum agent can 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 Chestnut Run 1St Addition fits the bigger picture — live prices, inventory, and Momentum Scores: