Gleneagle
Homes for Sale in Melbourne, FL
All 709 homes for sale in Melbourne, FL · median $399,000 · 272 homes for sale in 32940 · Brevard County homes for sale
True comps, carrying-cost math, and listings before the portals.
As of November 2026, the MLS records 14 closed sales in Gleneagle in Melbourne, FL since 2010, the most recent in June 2024. Across Melbourne as a whole, 1,037 homes closed in the last 12 months at a median of $386,000, 44 median days on market, with 686 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).
Gleneagle is a small Melbourne pocket in Brevard County, and the honest starting point is that the current MLS snapshot gives us no community amenities to lean on and no median price to anchor to. That means value here is driven by the individual home — its condition, layout, and lot — rather than by any shared feature set or club.
For a buyer, that puts the burden on inspecting each property on its own merits; comparable-by-comparable analysis matters more than any neighborhood premium. For a seller, it means presentation and condition do the heavy lifting, because there is no amenity story doing it for you.
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 Gleneagle 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
Gleneagle is a modest residential enclave in Melbourne, Brevard County. With no shared amenities identified in current listings, this is a place you buy for the house and the location rather than for a community package.
Space Coast MLS sales records identify 9 homes in Gleneagle that have changed hands since 2013, built between 1988 and 1993 (median 1993), with a median living area of about 1,728 sq ft and a typical 3-bedroom, 2-bath layout. 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.
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 Gleneagle is best for.
Best for
- Buyers prioritizing a Melbourne location over on-site amenities
- Value hunters willing to weigh each home on its condition and updates
- Buyers comfortable renovating and pricing to a home's true state
Probably not for
- Buyers who want a clubhouse, pool, or gated amenity package
- Buyers expecting a neighborhood premium to carry resale
- Buyers who want a turnkey, hands-off purchase with no condition scrutiny
The market around Gleneagle
Gleneagle is too small for its own price trend, so here is the market around it.
In ZIP 32940, 409 homes are on the market and 33% are under contract — a fast-moving corner of Melbourne.
Across Brevard County, 4,116 homes are active and 1,548 pending (27% under contract).
In ZIP 32940 (Melbourne), 183 homes closed in the last 12 months at a median of $415K ($230/sq ft), with a median 37 days on market. Right now 43 active and 9 pending listings put supply at about 2.8 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 Gleneagle specifically. Momentum Research analysis of MLS records.
The Gleneagle buying strategy.
If we were buying in Gleneagle 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 Gleneagle.
A house-by-house market
Because current listings surface no community amenities, there is no built-in draw pulling values in one direction. In practice that tends to widen the spread between well-kept and dated homes, since each property is judged largely on its own condition and updates.
Location within Melbourne is the other lever. Proximity to daily errands, commuting routes, and coastal access does more work here than any on-site feature, so weigh the address itself carefully before weighing the finishes.
The location and the amenities are priced into every listing in Gleneagle. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a market this dependent on individual homes, our value is in the walk-through and the comps, not the brochure. We will tell you when a specific Gleneagle listing is priced for its condition and when it is priced for a neighborhood story that the data does not support.
Gleneagle 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 Gleneagle 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 Gleneagle sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Gleneagle, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Gleneagle home worth?
Get a no-obligation home value based on real comparable sales in Gleneagle, 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 Gleneagle on the map →
Should you buy in Gleneagle?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Under-contract shares | Space Coast MLS records, as of 2026-08-30 |
| Historical depth | Closed-sale records back to 2010 (14 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.
Recent Developments in Gleneagle
Development, infrastructure, retail, and school activity affecting Gleneagle, 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 Gleneagle, 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 Gleneagle, 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 east of Gleneagle.
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 site is about 3 miles northwest of Gleneagle.
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 4 miles west of Gleneagle, 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 3 miles northwest of Gleneagle, 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.
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Ask an agent about Gleneagle
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Common questions about Gleneagle
Where is Gleneagle?
Gleneagle is a community in Melbourne, Brevard County, Florida, ZIP 32940.
Are there homes for sale in Gleneagle right now?
No active listings inside Gleneagle at the last feed refresh. The nearest homes for sale, with distances from the community, are shown on this page and refreshed nightly.
Does Gleneagle have an HOA or CDD?
No HOA is on record for Gleneagle 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.
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