Cortona
Homes for Sale in Melbourne, FL
All 711 homes for sale in Melbourne, FL · median $399,000 · 270 homes for sale in 32940 · Brevard County homes for sale
True comps, carrying-cost math, and listings before the portals.
Photo via Space Coast MLS
As of September 2026, the MLS records 66 closed sales in Cortona Subdivision in Melbourne, FL since 2012, the most recent in June 2026. Recorded prices since 2024 ran from $675,000 to $1,245,000 (median $1,050,000), on homes of 2,408 to 3,586 sq ft. Across Melbourne as a whole, 1,127 homes closed in the last 12 months at a median of $385,000, 44 median days on market, with 229 homes for sale today. At that median and Brevard County's FY2025-26 rate of 15.6 mills, annual property tax runs about $16,380 ($15,760 with the full homestead exemption).
| Location | Melbourne, Brevard County, FL · ZIP 32940 |
|---|---|
| Homes in the community | 77 (FL DOR 2025 assessment roll) |
| Years built | 2008–2017 (median 2013) |
| Typical living area | 4,158 sq ft (median) |
| Amenities listed by sellers | Barbecue, Basketball Court, Gated, Jogging Path, Management - Off Site, Playground |
| For sale right now | 0 active, 0 pending |
| Owner-occupied (homestead) share | 90% |
Data as of September 20, 2026. Based on information from the Space Coast MLS for the period 2012 through 2026; housing-stock figures from Florida Department of Revenue public records. Market figures describe homes, not residents. Cite as: Momentum Realty, “Cortona Subdivision key facts,” movewithmomentum.com/neighborhoods/cortona-subdivision, data as of September 20, 2026.
Cortona sits at a median of $1,050,000 with a median of roughly $297 per square foot, which tells you price here is driven more by size, condition, and finish than by any single ceiling number. There is no shared amenity structure identified in current listings, so what you're paying for is the home itself and the Melbourne location — not a bundle of community perks.
The posture right now is tight. A median of one day on market means well-presented homes are trading almost immediately, so buyers should come pre-approved and ready to move, and sellers should not confuse fast sales with room to overprice. The window is thin — only three recent closings inform this snapshot — so treat the median as a directional read, not a precise appraisal.
Nearby homes for sale
No active listings inside CortonaHomes for Sale in Melbourne, FL 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
Cortona is a small, higher-end pocket of Melbourne with no MLS-identified community amenities, meaning the value case rests squarely on the individual home and its Brevard County location rather than shared facilities.
Space Coast MLS sales records identify 42 homes in Cortona that have changed hands since 2012, built between 2008 and 2017 (median 2013), with a median living area of about 3,183 sq ft and a typical 4-bedroom, 3-bath layout; 100% are single-family homes. Source: Space Coast MLS closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.
County records show 3 qualified sales in Cortona across 2024–2025 (1 in 2024, 2 in 2025), median $1.10M — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.
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 Cortona is best for.
Best for
- Buyers with a seven-figure budget seeking a single-family home in Melbourne
- Purchasers who value the home and location over shared amenities
- Ready, pre-approved buyers who can act within a day of a listing hitting
Probably not for
- Buyers who want resort-style or shared community amenities on site
- Bargain hunters expecting entry-level pricing in this tier
- Anyone who needs weeks to deliberate in a market where homes move in about a day
The market around Cortona
Cortona is too small for its own price trend, so here is the market around it.
In ZIP 32940, 418 homes are on the market and 34% are under contract — a fast-moving corner of Melbourne.
Across Brevard County, 4,132 homes are active and 1,477 pending (26% under contract).
In ZIP 32940 (Melbourne), 1,061 homes closed in the last 12 months at a median of $405K ($219/sq ft), up 0.4% year over year, with a median 40 days on market. Right now 150 active and 54 pending listings put supply at about 3.0 months — a balanced market. See the live ZIP 32940 housing market and the Brevard County market.
ZIP and county figures describe the wider market, not Cortona specifically. Momentum Research analysis of MLS records.
Housing distress & ownership in Cortona Subdivision, Melbourne
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 September 2026 through September 2026. Deemed reliable but not guaranteed.
The Cortona buying strategy.
If we were buying in Cortona 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 Cortona.
A thin, fast luxury market
The headline figure buyers should sit with is appreciation of 237% since 2012 — a substantial run that reflects both the broader Space Coast market and the quality tier this subdivision occupies. That history is context, not a promise; nothing about past movement guarantees what a specific home does next.
With only three closings in the reference window, the median price and per-square-foot numbers can swing on a single sale. Practically, that means an appraisal and a close look at recent comparable finishes matter more here than in a high-volume neighborhood. Because there are no identified community amenities, price differences between homes will come down to lot, condition, and interior work — so read each listing on its own terms.
The location and the amenities are priced into every listing in Cortona. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a low-volume, fast-moving segment like Cortona, a thin comp set makes pricing and negotiation delicate on both sides. We work the actual finishes and lot differences behind each sale rather than leaning on a headline median, and with homes moving in about a day, we get buyers positioned to act and sellers priced to the reality of what has closed.
Cortona in 15 seconds.
HOA, CDD & Fees
- HOA dues reported around $129/month (about $1,548/yr) · median of 22 MLS listings, most billed twice a year
- Any club/amenity membership is billed separately
Listings in this community report association dues of about $129 per month ($1,548 a year) — the median AssociationFee across 22 MLS records, normalised to a monthly figure; most are billed twice a year. Dues change with budgets and can differ by section or product type; confirm the current figure with the association before you offer. Source: MLS listing records, 2026-09.
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 Cortona 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 Cortona sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Cortona, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Cortona home worth?
Get a no-obligation home value based on real comparable sales in Cortona, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
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Frequently Asked Questions
How many homes are in Cortona?
What share of Cortona is owner-occupied?
When were the homes in Cortona built?
Who is the best real estate agent for Cortona?
How do I find a top Melbourne real estate agent who knows Cortona?
Can Momentum Realty connect me with an agent for Cortona?
Where is Cortona, and what county is it in?
Should you buy in Cortona?
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: September 22, 2026) |
| Housing stock & ownership | Florida DOR assessment roll (street-list match (2 streets, ZIP 32940)) |
| Under-contract shares | Space Coast MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2012 (66 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.
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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 Cortona Subdivision fits the bigger picture — live prices, inventory, and Momentum Scores:
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