Chestnut Run 1St Addition
Homes for Sale in Melbourne, FL

Community in Melbourne · Brevard County
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True comps, carrying-cost math, and listings before the portals.

Built fromLive Space Coast MLS data21 years of closingsUpdated twice daily
Live · Chestnut Run 1St Addition Housing Pulse Space Coast MLS + public records Analysis by Momentum Realty · $3.5B+ sold · 8,500+ transactions · Top 1% in Florida (RealTrends)
Tempo
1
Sold · last 12 mo
10-yr average: about 1 a year
Jon Brooks, founder of Momentum Realty
Jon's Current Read

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.

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 1St Addition

Chestnut Run 1St Addition 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 Chestnut Run 1St Addition specifically. Momentum Research analysis of MLS records.

If we were buying in Chestnut Run 1St Addition today, this is the order of operations we would run for our clients.

1

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.

2

Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.

3

Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.

4

Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.

5

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 1St Addition.

Best Buy
Buyers who want a Melbourne address without paying for shared amenities.
Biggest Risk
A thin sales record makes pricing more of a judgment call than a formula.
Sweet Spot
A well-maintained or updated home priced honestly against its condition.
Avoid If
You need HOA amenities or a deep comp set to feel confident.

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 1St Addition. The deal is won or lost on condition, the comps, and the renovation math.

Jon Brooks · Founder, Momentum Realty

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 1St Addition in 15 seconds.

Best forBuyers who want a Melbourne address without paying for shared amenities.
Biggest advantageValue hinges on the individual home, so updates and condition are rewarded.
Biggest riskA thin sales record makes pricing more of a judgment call than a formula.
Sweet spotA well-maintained or updated home priced honestly against its condition.
Avoid ifYou need HOA amenities or a deep comp set to feel confident.

HOA, CDD & Fees

In short
  • Mandatory HOA — confirm current dues
  • 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.

The takeaway

Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Chestnut Run 1St Addition sales matched to your home.

What is your Chestnut Run 1St Addition home worth?

Get a no-obligation home value based on real comparable sales in Chestnut Run 1St Addition, 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 Chestnut Run 1St Addition on the map →

Real comps, not an automated estimate.
Buyers prioritizing a Melbourne location over community facilitiesExcellent fit
Value-focused buyers willing to weigh a home's condition and updates carefullyExcellent fit
Owner-occupants planning to hold and improve a specific propertyExcellent fit
Buyers who want pools, gyms, or other shared HOA amenitiesProbably not
Buyers who need a deep bench of recent comparable sales before committingProbably not
Buyers seeking a turnkey, uniform master-planned feelProbably not

Data sources & freshness

Under-contract sharesSpace Coast MLS records, as of 2026-07-12
Historical depthClosed-sale records back to 2005 (34 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 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 your area comps.

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More Melbourne & Space Coast / Brevard County guides

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