Elbow Creek Townhomes in Melbourne

Elbow Creek
Townhomes

Waterfront townhomes · Eau Gallie · ZIP 32935

A boutique waterfront townhome enclave on Elbow Creek by the Eau Gallie Arts District.

Newer constructionCreek water accessWalkable Eau Gallie
Live Market Pulse
50/100
Momentum
Buyer-Leaning Market (limited data)
Inventory is thin in a small, newer enclave, so a single sale can swing the averages; the unit's water position and the dock rules decide where a townhome trades.
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Unlock Off-Market Elbow Creek Townhomes

Listings before the portals, true comps, and the renovation and carrying-cost math, before you tour.

Built fromLive Space Coast MLS data14 years of closingsLocal renovation analysisUpdated twice daily
LiveMarket PulseSpace Coast MLS
n/a
Median Price
0mo
Supply
n/a
Avg DOM
Soft
Seller Leverage
n/a
Median $/Sqft
n/a
1-Yr Price Change
0now
Distress
Jon Brooks, founder of Momentum Realty
Jon's Current Read

"Elbow Creek is a small, newer waterfront townhome enclave, so the read is about scarcity and the water, not volume. With only a handful of units finished in the early 2020s and a community dock on a creek that leads to the Eau Gallie River, turnover is thin and a single sale can swing the averages. Your leverage is the unit's exact position, the water access, and an honest read of the HOA scope, since a small association carries each owner's share of any reserve or assessment."

Jon Brooks, founder, Momentum Realty · Updated June 2026

The 60-Second Overview

Elbow Creek Townhomes is a small, newer waterfront townhome community in Melbourne's Eau Gallie area, in the 32935 ZIP, set on Elbow Creek where it leads toward the Eau Gallie River and the Indian River Lagoon. The community is reported to hold roughly a dozen-plus units completed in the early 2020s, with a shared day dock and gazebo, so this is a boutique enclave rather than a large subdivision.

Because the community is new and small, nearly every purchase is a recent-construction townhome, with modern systems rather than a renovation project. There is a monthly HOA, reported in the low hundreds, covering the common waterfront amenities; confirm the current amount and exactly what it includes with the listing, since a small association spreads any reserve or special assessment across few owners.

The water is what you are paying for here. The money is made or lost on the unit's exact position relative to the creek and dock, the floor plan, and an honest read of the HOA's reserve health on a young, small association.

For buyers who want a low-maintenance, near-new townhome with real water access and a short walk to the Eau Gallie Arts District galleries, restaurants, and farmers market, Elbow Creek is a rare product in this pocket. The work is confirming the dock and slip rules, the rental policy, and the association's finances before you fall for the view.

Best for

  • Buyers who want a low-maintenance, near-new townhome with real water access
  • Paddlers and small-boat owners who value a community dock on the creek
  • Buyers drawn to walkable Eau Gallie Arts District dining and galleries
  • Lock-and-leave owners who want modern construction over a renovation project

Probably not for

  • Buyers who want a large amenity-rich master plan with a pool and gym
  • Anyone who needs a deeded private boat slip rather than a shared day dock
  • Buyers wary of a small association's reserve and assessment exposure
  • Those who want a single-family home with a private yard

How Elbow Creek Townhomes is performing right now

50/100
momentum
Buyer-Leaning Market (limited data)
Seller's marketBalancedBuyer's market
0Months of supplytight
72Median days on marketdays
0 : 1Under contract vs for salestrong demand
0Sold in last 12 monthsliquidity
+0%Asking vs recent sold $/sqftroom to negotiate

Tight supply and strong demand favor sellers here. Homes still take about two months to sell, though, and with asking prices running above recent sales per square foot, a prepared buyer has room on anything overpriced. Reading each home against the real comps, not the headline trend, is where the edge is.

Live from the Space Coast MLS, as of June 17, 2026. Refreshed twice daily. Months of supply, days on market, and the contract-to-listing ratio are computed from current Elbow Creek Townhomes listings and the trailing twelve months of closed sales.

8.6A- score
Momentum intelligence
Momentum buy score

Our proprietary read on how a home in Elbow Creek Townhomes buys, holds, and resells. See the five factors.

Homes For Sale Right Now in Elbow Creek Townhomes

Live MLS inventory for Elbow Creek Townhomes. 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 Elbow Creek Townhomes listings as of 2026-06-17, priced high to low. Listing data provided by the Space Coast Multiple Listing Service. Information is deemed reliable but is not guaranteed accurate by the MLS.. Tap any home to ask about it.

Listing locations from Space Coast MLS; lot type inferred from listing descriptions. Destination pins are approximate. Map data © OpenStreetMap, tiles © CARTO. Flood, school, and commute overlays are on the roadmap.

The takeaway

The walkable Eau Gallie location is the whole point: the arts district, the lagoon, downtown Melbourne, the airport, and the beaches are all a short drive or stroll.

Eau Gallie Arts District~5 min · Walkable galleries and dining
Indian River Lagoon~5 min · Direct creek access
Melbourne (downtown)~12 min · Historic downtown Melbourne
Satellite Beach~15 min · Barrier-island beaches
Melbourne Orlando Int'l Airport~12 min · MLB airport
Patrick Space Force Base~20 min · Via the causeways

Drive times are approximate and vary with traffic and your exact departure point. Confirm your real commute at your real departure time.

Nearby Communities

Explore more neighborhoods near Elbow CreekTownhomes with Momentum Realty’s local guides.

Hammock ShoresMelbourneHammock ShoresMelbourneMelbourne, FL · 0.3 miIndian River BluffMelbourneIndian River BluffMelbourneMelbourne, FL · 0.5 miSunwood ParkMelbourneSunwood ParkMelbourneMelbourne, FL · 0.9 miHarbourIslesHarbourIslesIndian Harbour Beach, FL · 1.1 miBerkeleyPlaza NorthBerkeleyPlaza NorthSatellite Beach, FL · 1.1 miLoveridgeHeightsLoveridgeHeightsMelbourne, FL · 1.2 miHidden Harbor Estateson the Eau Gallie RiverHidden Harbor Estateson the Eau Gallie RiverMelbourne, FL · 1.2 miSouth HarborEstatesSouth HarborEstatesIndian Harbour Beach, FL · 1.3 miSeacoastShoresSeacoastShoresIndian Harbour Beach, FL · 1.4 mi

Browse all Florida neighborhood guides →

Carrying cost · the no-CDD edge

No CDD bond means thousands less per year than newer master plans.

Typical CDD community~$2,500/yr
Elbow Creek Townhomes (no CDD)$0/yr

Roughly $25,000 saved over 10 years in carrying cost, before resale.

Illustrative. NE Florida CDD assessments commonly run $1,500-$3,500+/yr and vary by community; verify per property.

Schools

15-Second Take
  • Brevard County Public Schools
  • Verify the zoned schools by address
  • Magnet and choice options may be available
  • Confirm current ratings before relying on them
  • Private and parochial options nearby

Elbow Creek Townhomes is served by Brevard County Public Schools. Assignment is by address and can change, so confirm the exact zoned elementary, middle, and high schools for any specific home, plus any magnet or choice options. Treat published ratings as a starting point, not the full story.

Buying with schools in mind? We can confirm the exact zoned schools for any Elbow Creek Townhomes address.

The takeaway

What is actually shaping value around Elbow Creek: the funded Eau Gallie Arts District parking garage and hotel, the scarcity of newer waterfront townhomes, and a steadier Brevard market. Each item is sourced and linked.

Recent Developments in Elbow Creek Townhomes

Our read on what is being built around Elbow Creek Townhomes, scored for direction, significance, and how close the effect lands. The full sourced timeline follows below.

Net OutlookBullishThe walkable Eau Gallie revitalization and the scarcity of newer waterfront townhomes point up. The near-term watch item is simply how a small association manages reserves and any assessments over time.

Eau Gallie Arts District parking garage and hotel approved

2025
BullishMajor impact
SignificanceRadius: Area

A funded parking garage and a privately funded hotel in the adjacent arts district tend to support walkable demand and nearby property values.

Scarce newer waterfront townhome product

Ongoing
BullishNotable impact
SignificanceRadius: Community

Few near-new waterfront townhomes exist in this pocket, which supports pricing power in a thin resale market.

Small association concentrates reserve risk

Ongoing
NeutralNotable impact
SignificanceRadius: Community

A small, young HOA spreads any reserve shortfall or special assessment across few owners, so finances are a real diligence item.

Eau Gallie Arts District revitalization continues

Ongoing
BullishNotable impact
SignificanceRadius: Area

Ongoing investment in the arts district strengthens the walkable lifestyle that underpins value in this pocket.

Space Coast market shifting toward balance

2025
NeutralNotable impact
SignificanceRadius: Regional

A more balanced Brevard market with steadier inventory favors buyers who read condition and water position carefully.

Indian River Lagoon access remains a draw

Ongoing
BullishNotable impact
SignificanceRadius: Area

Direct creek-to-lagoon water access is a durable amenity that supports demand for waterfront product here.

Direction, significance, and effect-radius ratings are Momentum's proprietary, qualitative read of the sourced items below, not investment advice or a prediction for any specific home.

Development, infrastructure, retail, and school activity affecting Elbow Creek Townhomes, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated June 2026.

Showing the latest, scroll for all updates ↓

  1. December 2025
    Area

    Parking garage and hotel coming to Eau Gallie Arts District

    Brevard County commissioners agreed to a $10 million interlocal contract with Melbourne to build a 542-space parking garage in the Eau Gallie Arts District, with 242 spaces serving a privately funded 89,000-square-foot, 160-room hotel; the garage is expected by February 2027 and the hotel by March 2028. Why it matters: Major investment in the adjacent arts district supports the walkable demand that underpins value for nearby waterfront homes. Source

  2. October 2025
    Market

    Space Coast housing market shows signs of strength

    An October 2025 market report noted single-family closings roughly flat year over year, pending sales up, new listings down, and a jump in cash transactions across Brevard County. Why it matters: A steadier, more balanced Brevard market rewards buyers who read condition and water position rather than chase a headline number. Source

Development alerts for Elbow Creek TownhomesGet a short monthly email when something new is approved, funded, or opens near Elbow Creek Townhomes.

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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.

If we were buying in Elbow Creek Townhomes, this is the order of operations we would run, and the one we run for our clients.

1

Confirm the dock and water-access rules first. Ask whether the day dock allows overnight tie-up, slip assignment, and what the draft and creek access support for your boat.

2

Read the HOA reserve study. A small, young association spreads any reserve shortfall or special assessment across few owners, so the finances matter more here than the dues line.

3

Check the rental policy in writing. The community reportedly allows rentals, but minimum-lease and cap rules drive both lifestyle and resale, so confirm the current bylaws.

4

Match the unit to its water position. A direct creek-view end unit and an interior unit are very different buys; the water is the durable part of the value.

5

Cross-shop nearby townhome and waterfront options, and weigh the walkable Eau Gallie location against a larger community with more amenities.

Best Buy
A creek-view or end-unit townhome with strong water access
Biggest Risk
Underestimating a small association's reserve or assessment exposure
Best Lot
Direct creek frontage over interior units away from the water
Smart Timing
Confirm dock rules, rental policy, and HOA reserves before you offer
The takeaway

On mobile, tap any heading below to open it. This is the home by home, lot by lot, club and renovation detail, organized so you can jump straight to what matters to you.

Community Details at a Glance

Elbow Creek Townhomes is a boutique, newer waterfront enclave set on Elbow Creek in Melbourne's Eau Gallie area. The reported community amenities center on the water: a shared day dock and a gazebo on the creek, which leads toward the Eau Gallie River and the Indian River Lagoon, giving residents paddling and small-boat access from their back door. The location is the other half of the story, within a short distance of the Eau Gallie Arts District, the historic heart of mainland Melbourne, with galleries, restaurants, and a Saturday farmers market. Because the community is small and young, there is no large clubhouse or pool; the value is the water, the walkable district, and the low-maintenance, near-new construction. Confirm dock rules, the rental policy, and the association's reserves with the listing.

The takeaway

Three honest price bands. Condition and lot, not the square footage alone, decide where a home lands.

The Interior Unit

A townhome set back from the direct creek frontage, the entry point into a near-new waterfront enclave with shared dock access.

Lowest entry
The Creek-View Unit

A townhome with a stronger creek view and easier access to the shared dock, the heart of what buyers want here.

Most inventory
The End Unit

A premium end or direct-frontage townhome with the best light and water position, the unit that holds value best.

Strongest resale

Approximate 2026 resale bands from third-party listing data and public records, not NEFAR statistics. Confirm pricing for a specific home.

The Interior Unit
A townhome set back from the direct creek frontage, the entry point into a near-new waterfront enclave with shared dock access.
The Creek-View Unit
A townhome with a stronger creek view and easier access to the shared dock, the heart of what buyers want here.
The End Unit
A premium end or direct-frontage townhome with the best light and water position, the unit that holds value best.

Approximate 2026 resale bands from third-party listing data and public records, not NEFAR statistics. Confirm pricing for a specific home.

15-Second Take
  • Renovation math decides the deal
  • Better lots and views resell strongest
  • Roof and HVAC age drive the insurance quote
  • Interior lots are where buyers overpay
Jon Brooks, Momentum Realty
Operator Note

Most buyers overpay on interior lots in the back half of the community. A sharp renovation can distract you, but the weaker resale position follows the lot, not the finishes. We read the homesite before the kitchen.

Near-new construction, modern systemsStrong
Walkable Eau Gallie Arts DistrictStrong
Direct creek-to-lagoon water accessStrong
Low-maintenance townhome upkeepPositive
Small association reserve exposureManage it

Momentum analysis based on the community's structure, location, lot scarcity, and housing stock. Not a guarantee of future value.

Jon Brooks, Momentum Realty
Operator Note

The strongest value pocket is usually a renovated home on a good lot priced just under the next tier up. Buyers chasing the single biggest house often pay top prices for what is really a renovation project.

5 Mistakes Buyers Make in Elbow Creek Townhomes

15-Second Take
  • Calling the listing agent (who works for the seller)
  • Misjudging the renovation budget
  • Overpaying for an interior lot
  • Underbudgeting the carrying costs
  • Skipping the roof, HVAC, and systems check

The same five mistakes cost buyers the most in any market. Every one is avoidable with the right preparation before you tour.

The water and the walkable Eau Gallie location are priced into every unit. The deal is won or lost on the unit's position, the dock rules, and the association's finances.

Jon Brooks · Founder, Momentum Realty
7.8B+ · Buy Score
Resale Strength7.6/10
Renovation Risk2.2/10
Location Efficiency8.4/10
Long-Term Defensibility8.0/10
Carrying Cost Advantage8.0/10

Momentum Intelligence Scores are our proprietary, qualitative assessment based on the analysis on this page, on a 0 to 10 scale. They are a framework for comparing communities, not a guarantee of future value or advice on a specific home.

Why our read on Elbow Creek Townhomes is different.

Most pages on this community are an automated estimate wrapped in stock copy. This one is built from the live Space Coast MLS feed, fourteen years of closed sales, and a renovation-by-renovation read of what actually moves value here, lot by lot. No Zestimate, no guesswork.

Live Space Coast MLS feed14 years of closed salesRenovation-premium analysisLot-by-lot, no automated estimates
Jon Brooks, founder of Momentum Realty. A housing economist with a background in real estate investment banking at Deutsche Bank and consulting at Ernst & Young, who has built and analyzed Northeast Florida real estate from the ground up.

Which Lots & Views Hold Value Best

Where the value actually sits. Each home is shaded by its price per square foot (a value read, not just a price) and ringed by lot type, so you can see at a glance which pockets carry a real, durable premium and where a renovation play makes sense.

Value ($/sqft)
$261 value$401 premium
Lake / waterPreserveInterior

Fill = price per square foot; ring = lot type, inferred from listing descriptions. Sold homes are shown by realized $/sqft (lot type not always recorded). Asking and recent-sold figures from Space Coast MLS; for orientation, not an appraisal.

15-Second Take
  • Creek frontage and end units hold value best
  • Interior units away from the water are the value entry
  • The water position cannot be changed, the finishes can
  • Dock access is the scarce, durable asset here
  • Read the water position and the dock rules first

In a small waterfront enclave, the unit's position relative to the creek and the shared dock is the part of your money the market gives back at resale. A direct creek-view or end unit carries a durable premium over an interior unit set back from the water, because the water access is scarce and cannot be reproduced, while finishes can always be updated. Read the water position and confirm the dock rules first, then weigh the floor plan and condition against it.

Elbow Creek Townhomes in 15 seconds.

Best forBuyers who want a near-new, low-maintenance townhome with real water access on Elbow Creek.
Biggest advantageWalkable Eau Gallie Arts District location plus a community dock on a creek that leads to the lagoon.
Biggest riskA small, young association spreads reserve and assessment costs across few owners.
Sweet spotA creek-view or end unit with confirmed water access and healthy HOA reserves.
Avoid ifYou want a large amenity master plan, a deeded private slip, or a single-family yard.

HOA, CDD & Fees

15-Second Take
  • Newer townhomes, built in the early 2020s
  • Monthly HOA reported in the low hundreds
  • Shared day dock and gazebo on the creek
  • Small association, so read the reserves
  • Walkable to the Eau Gallie Arts District

Reported around the low hundreds per month (one source notes roughly $150 a month); confirm the current amount and inclusions with the listing. No CDD is expected here, but confirm per parcel.

Common-area and waterfront amenity upkeep, reportedly including the shared day dock and gazebo. Confirm exactly what the dues cover, including any reserve contribution, for a specific unit.

No private club. The community amenity is the shared waterfront, day dock, and gazebo on Elbow Creek.

The takeaway

Selling here is won on condition and view, not the Zestimate. The right number comes from closed comps matched to your renovation level and lot.

Momentum listings (YTD)
97.98%
Sold-to-list ratio across our market for our agents, sellers keeping more of their price.
Market average (YTD)
96.73%
The broader metro average sold-to-list ratio over the same period.
Momentum days on market
64 days
Median days on market for our listings, faster sales mean less carrying cost and stronger leverage.
Market days on market
72 days
The broader metro median over the same period.

Sold-to-list and days-on-market figures reflect Momentum Realty listings versus our market average, year to date. Your home's result depends on pricing, condition, lot, view, and preparation.

In Elbow Creek Townhomes, condition and view decide your number

Because buyers here are weighing your home against renovated comps and cross-shopping Laguna Village, a home priced to the community average instead of its true condition and view either leaves money on the table or sits. A renovated kitchen, newer roof and HVAC, and a golf or lake view all deserve to show up in your price, and a buyer pool reading renovation math needs to be shown why your home is worth it. We build that case with real comps and a pricing strategy for the current market.

What is your Elbow Creek Townhomes home worth?

Get a no-obligation home value based on real comparable sales in Elbow Creek Townhomes matched to your condition, lot, and view, 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 Elbow Creek Townhomes on the map →
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Real comps, not a Zestimate.

Elbow Creek Townhomes Market Scorecard

Buyer-Leaning Market (limited data)

Elbow Creek Townhomes is currently a buyer-leaning market (limited data). Limited supply, a median asking price of $543,000.

n/a
Months supply
$543,000
Median list
n/a
Median sold
n/a
Per sqft
n/a
Days on mkt
1/0/0
Active/Pend/Sold

Typical home value in the 32935 ZIP is $270,319, about 14.9% below the Florida norm (Zillow Home Value Index).

Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.

Based on information from the Space Coast MLS for the period 2026 through 2026-06-18. Refreshed twice daily. Market metrics only; these describe homes for sale and recent sales, not residents.

Frequently Asked Questions

Where is Elbow Creek Townhomes located?
Elbow Creek Townhomes sits in Melbourne's Eau Gallie area, in the 32935 ZIP, on Elbow Creek where it leads toward the Eau Gallie River and the Indian River Lagoon, a short distance from the Eau Gallie Arts District.
Is Elbow Creek a waterfront community?
Yes. The townhomes are set on Elbow Creek, and the community reportedly includes a shared day dock and gazebo. Confirm the exact water access, dock rules, and any slip assignment with the listing.
When were the Elbow Creek Townhomes built?
The community is reported to have been completed in the early 2020s, so these are near-new townhomes with modern systems rather than a renovation project. Confirm the year built for a specific unit.
How many townhomes are in Elbow Creek?
It is a small, boutique enclave, reported to hold roughly a dozen-plus units. Treat the exact count as something to confirm with the association or the listing.
What are the HOA fees at Elbow Creek?
The monthly HOA is reported in the low hundreds, with one source noting roughly $150 a month. Confirm the current amount and exactly what it covers, including any reserve contribution, for a specific unit.
Is there a boat dock?
The community reportedly includes a shared day dock and gazebo on the creek. Whether overnight tie-up, slip assignment, or larger boats are allowed depends on the rules, so confirm in writing before you assume it.
Can I rent out a townhome in Elbow Creek?
The community reportedly allows rentals, but minimum-lease terms and any rental cap drive both lifestyle and resale. Confirm the current bylaws and rental policy with the association before you buy.
Does Elbow Creek have a CDD fee?
No CDD is expected here, but confirm per parcel as a matter of course, since CDD status is set at the parcel level.
What is there to do nearby?
The Eau Gallie Arts District, with its galleries, restaurants, and Saturday farmers market, is a short distance away, and the Indian River Lagoon, Pineda Causeway, and the beaches are an easy drive.
What schools serve Elbow Creek?
Elbow Creek is in Brevard Public Schools, in the Eau Gallie attendance area. School assignment is by address and changes periodically, so confirm the exact zoning for a specific unit with the district.
How far is the beach?
The barrier-island beaches across the Indian River Lagoon are a short drive by way of the Pineda or Eau Gallie causeways, typically well under 20 minutes depending on traffic and your exact departure point.
Are these single-family homes or townhomes?
These are attached townhomes, a low-maintenance, multi-family housing type, rather than detached single-family homes. The trade-off is shared walls and an HOA in exchange for less upkeep and the shared waterfront.
Is Elbow Creek a good investment?
The scarcity of newer waterfront townhomes in walkable Eau Gallie supports resale here, but it is a thin market where a single sale swings the averages, and a small association carries reserve and assessment risk. Read the unit's water position and the HOA finances; this is not a guarantee of future value.
Should I use the listing agent to buy here?
No. The listing agent works for the seller. On a waterfront townhome where dock rules, the HOA reserves, and the unit's water position swing value, having your own representation is the highest-leverage decision you make.
Buyers who want a low-maintenance, near-new townhome with real water accessExcellent fit
Paddlers and small-boat owners who value a community dock on the creekExcellent fit
Buyers drawn to walkable Eau Gallie Arts District dining and galleriesExcellent fit
Lock-and-leave owners who want modern construction over a renovation projectExcellent fit
Buyers who will confirm the dock rules, rental policy, and HOA reserves firstExcellent fit
Buyers who want a large amenity-rich master plan with a pool and gymProbably not
Anyone who needs a deeded private boat slip rather than a shared day dockProbably not
Buyers wary of a small association's reserve and assessment exposureProbably not
Those who want a single-family home with a private yardProbably not
Buyers who need a deep, liquid resale market with frequent compsProbably not

Get the inside read on Elbow Creek Townhomes

Whether you are buying a renovation project, comparing the lots and views, weighing the carrying costs, or selling your Elbow Creek Townhomes home, tell us what you need. Every inquiry comes straight to us. We represent you, not the seller, and what your agent is paid is negotiable and set in a written buyer agreement up front. No obligation, no spam, no high-pressure follow-up.

We respond personally, usually the same day.

You are all set.

A Momentum Realty Elbow Creek Townhomes specialist will reach out personally, usually the same day.

Space Coast MLS logo
Photography on this page is sourced from active and recently sold MLS listings in this community and remains the property of the listing brokerage and/or photographer. Source: Listing data provided by the Space Coast Multiple Listing Service. Information is deemed reliable but is not guaranteed accurate by the MLS.

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