Gleneagles
Homes for Sale in Melbourne, FL
All 738 homes for sale in Melbourne, FL · median $396,950 · 271 homes for sale in 32940 · Brevard County homes for sale
True comps, carrying-cost math, and listings before the portals.
As of October 2026, the MLS records 10 closed sales in Gleneagles Phase Ii in Melbourne, FL since 2013, the most recent in October 2025. 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 $6,010 ($5,380 with the full homestead exemption).
| Location | Melbourne, Brevard County, FL · ZIP 32940 |
|---|---|
| Homes in the community | 14 (FL DOR 2025 assessment roll) |
| Years built | 1988–1993 (median 1993.0) |
| Typical living area | 2,472 sq ft (median) |
| Owner-occupied (homestead) share | 57% |
Data as of September 20, 2026. Based on information from the Space Coast MLS for the period 2013 through 2025; housing-stock figures from Florida Department of Revenue public records. Market figures describe homes, not residents. Cite as: Momentum Realty, “Gleneagles Phase Ii key facts,” movewithmomentum.com/neighborhoods/gleneagles-phase-ii, data as of September 20, 2026.
Gleneagles Phase II is a small subdivision pocket in Melbourne, and with no shared amenities carried in the current MLS listings, price here comes down to the individual home: its condition, its updates, its lot, and how it stacks up against nearby competition. There is no clubhouse, pool, or gated entry doing any of the pricing work for you, so a renovated, well-kept house and a tired one in the same footprint can sit far apart on value.
For buyers, that means underwriting each property on its own merits rather than paying for a community premium. For sellers, it means condition and presentation are the levers you actually control — the market will reward a home that shows well and be unforgiving of deferred maintenance. Judge every listing against the specific house, not the name on the sign.
Nearby homes for sale
No active listings inside GleneaglesHomes 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
Gleneagles Phase II is a straightforward residential enclave in Melbourne, Brevard County, without community amenities identified in current listings — a place where the house itself, not shared facilities, defines the value.
County records show 3 qualified sales in Gleneagles across 2024–2024, median $427,500 — 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 Gleneagles is best for.
Best for
- Buyers who prefer a low-overhead home and would rather not pay for community facilities
- Value-minded buyers willing to renovate or absorb some condition work for the right price
- Buyers prioritizing Melbourne location and lot over shared amenities
Probably not for
- Buyers set on a pool, clubhouse, or gated entry
- Buyers who want the reassurance of deep, active comp data in a large subdivision
- Buyers unwilling to underwrite a home's condition on its own merits
The market around Gleneagles
Gleneagles 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 Gleneagles specifically. Momentum Research analysis of MLS records.
Housing distress & ownership in Gleneagles Phase Ii, 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 Gleneagles buying strategy.
If we were buying in Gleneagles 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 Gleneagles.
A condition-driven pocket
Because there are no HOA amenities showing in the current listings, spend your due-diligence energy on the fundamentals: roof age, HVAC, windows, kitchens and baths, and any signs of deferred maintenance. In a small subdivision like this, comparables can be thin, so a careful walk-through and a good inspection matter more than headline averages.
Location within Melbourne carries the rest of the story — proximity to daily errands, commuting routes, and the coast. Weigh each address on access and lot, and treat the absence of shared facilities as a cost you keep in your own pocket rather than a shortfall.
The location and the amenities are priced into every listing in Gleneagles. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a small, amenity-free pocket, comps are limited and every home has to be priced and evaluated on its own condition. We do that work property by property — pressure-testing what a specific house is worth in the current Melbourne market rather than leaning on a community label. If a listing does not pencil out for your goals, we will tell you.
Gleneagles 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 Gleneagles 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 Gleneagles sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Gleneagles, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Gleneagles home worth?
Get a no-obligation home value based on real comparable sales in Gleneagles, 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 Gleneagles?
What share of Gleneagles is owner-occupied?
When were the homes in Gleneagles built?
Who is the best real estate agent for Gleneagles?
How do I find a top Melbourne real estate agent who knows Gleneagles?
Can Momentum Realty connect me with an agent for Gleneagles?
Where is Gleneagles, and what county is it in?
Should you buy in Gleneagles?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Housing stock & ownership | Florida DOR assessment roll (street-list match (1 streets, ZIP 32940)) |
| Under-contract shares | Space Coast MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2013 (10 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 local comps.
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See how Gleneagles Phase Ii fits the bigger picture — live prices, inventory, and Momentum Scores:
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