Greenwood Village Condo No 5
Homes for Sale in West Melbourne, FL
True comps, carrying-cost math, and listings before the portals.
Market Heat
Greenwood Village Condo No 5 is a condo market in West Melbourne, and at a median of $209,500 it sits well below what a comparable single-family footprint costs in Brevard. With a median around $193/sqft, price here is driven mostly by unit condition and interior updates rather than lot or land value — expect a wide spread between a dated original unit and one that has been renovated.
The posture is firmly seller-leaning right now. A median 34.5 days on market — just over a month — paired with a heat score of 68 and year-over-year gains near 15% says demand is real and inventory moves. For buyers that means less room to negotiate on a well-priced, updated unit; for sellers it means condition and pricing discipline are converting quickly. One caveat: with only 4 closings in the window, individual sales carry outsized weight in these figures, so treat them as directional, not precise.
Greenwood Village Condo No 5 right now
🟢 Still climbing. The trailing-12-month median ($210K) is up 14.8% from the prior 12 months ($182K). With about 3 sales a year, a single closing can swing this number, so read the level and the decade, not one year's move.Momentum Research, record-level Space Coast MLS closed sales, 12-month windows ending July 15. Confidence: Low (4 and 4 sales in the two windows).
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Updated July 15, 2026 · Live data: Space Coast MLS, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
The 60-Second Overview
Greenwood Village Condo No 5 market snapshot (as of July 15, 2026): the median sale price is about $210K ($193 per sq ft over the trailing 12 months of closed sales), and a median 35 days on market for closed sales. The trailing-12-month median is up 15% from the prior 12 months, computed from record-level Space Coast MLS closed sales (4 closings in the current window).
This is an entry-priced condo pocket in West Melbourne where recent price movement has been strong, but the small number of recent closings means the numbers are best read as a trend line rather than a fixed benchmark.
Who Greenwood Village Condo No 5 is best for.
Best for
- Buyers with a budget in the low-$200s wanting the lowest reasonable entry point in West Melbourne
- Buyers comfortable trading shared amenities for a lower price per square foot
- Buyers willing to update a unit to capture the spread between dated and renovated
Probably not for
- Buyers who want resort-style or on-site community amenities
- Buyers needing a larger single-family footprint or private land
- Buyers who need a deep pool of recent comps to feel confident on value
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending July 15 of each year, from record-level Space Coast MLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($210K) IS the median in the snapshot above, and the move from 2025 ($182K) IS the +14.8% one-year change.
Windows contain 1 to 5 sales each (4 in the current window); every figure carries its sample size, and thin markets swing on single closings. Based on information from the Space Coast MLS for the period %s through %s. Deemed reliable but not guaranteed.
The Greenwood Village Condo No 5 buying strategy.
If we were buying in Greenwood Village Condo No 5 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 Greenwood Village Condo No 5.
A condition-driven condo market
No community amenities surface in the current MLS listings, so value here rests on the units themselves — the finishes, mechanicals, and how recently a unit has been updated. At roughly $193/sqft against a $209,500 median, buyers are paying for square footage and turnkey condition more than for shared features, and that's where the price spread opens up.
The double-digit year-over-year move is notable, but with just 4 closings feeding these stats, a single renovated sale or a single distressed one can swing the median meaningfully. Anyone pricing a listing or writing an offer should look at the specific comparable units, not just the headline median, and factor in condo association details that a snapshot like this doesn't capture.
The location and the amenities are priced into every listing in Greenwood Village Condo No 5. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a small-sample market that moves in just over a month, the headline numbers can mislead. We read the actual unit-level comps, weigh condition against the median, and dig into association documents and monthly costs before you commit — so you're pricing or offering on what a specific unit is worth, not on a four-sale average.
Greenwood Village Condo No 5 in 15 seconds.
HOA, CDD & Fees
- 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.
Tools for a Greenwood Village Condo No 5 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 Greenwood Village Condo No 5 sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Greenwood Village Condo No 5, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Greenwood Village Condo No 5 home worth?
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Recent Developments in Greenwood Village Condo No 5
Development, infrastructure, retail, and school activity affecting Greenwood Village Condo No 5, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated August 2026.
- July 2026Retail & Dining
Lakeside Social at Viera Town Center to bring a new waterfront community gathering place to Viera
The Viera Company, in partnership with Rogue Wave Hospitality Group, is opening Lakeside Social at Viera Town Center, a waterfront venue featuring a wave-shaped central bar, a boathouse-style bar, and a curated food vendor park. A soft opening was set for early June 2026, with a grand opening celebration over Fourth of July weekend 2026.
What it may mean for the marketA new waterfront food, bar, and entertainment venue adds dining and gathering capacity to Viera Town Center and broadens the local commercial mix. The project is about 12 miles northwest of Greenwood Village Condo No 5, elsewhere in Brevard County.
Source: Viera - 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 2 miles west of Greenwood Village Condo No 5.
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 southwest of Greenwood Village Condo No 5, elsewhere in Brevard County.
Source: WFTV - June 2026Development
Orlando Health announces plans to open a new hospital in Viera
Orlando Health announced a seven-story, 240-bed hospital along with a three-story, 60,000-square-foot medical office building on a 40-acre health and wellness campus in Viera, between Lake Andrew Drive and I-95 south of Viera Boulevard. Construction was expected to begin in June 2026, with opening targeted as early as fall 2027.
What it may mean for the marketA new hospital and medical office campus would add major healthcare infrastructure and construction activity to the Viera area. The project is about 11 miles northwest of Greenwood Village Condo No 5, elsewhere in Brevard County.
Source: ClickOrlando - 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 site is about 2 miles west of Greenwood Village Condo No 5.
Source: CFL Roads (FDOT) - May 2026Builder Activity
Builder charts course for Cape Canaveral homes with rooftop terraces to watch launches
Miami-based EverHome Living plans 94 three-story townhouses off Astronaut Boulevard along the Banana River in Cape Canaveral, with prices starting around $650,000 and units of roughly 2,800 square feet. Groundbreaking is targeted for the end of 2026, with sales beginning in early 2027.
What it may mean for the marketA new townhouse community would add for-sale housing supply along the Banana River in Cape Canaveral. The project is about 20 miles north of Greenwood Village Condo No 5, elsewhere in Brevard County.
Source: Homes.com News
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.
Frequently Asked Questions
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An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Community market stats | Space Coast MLS closed sales, 12-month windows ending July 15, 2026 |
| Under-contract shares | Space Coast MLS records, as of 2026-07-12 |
| Historical depth | Closed-sale records back to 2004 (52 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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