Indian River Colony Club
Homes for Sale in Melbourne, FL
All 714 homes for sale in Melbourne, FL · median $399,000 · 70 homes for sale in 32904 · Brevard County homes for sale
True comps, carrying-cost math, and listings before the portals.
Market Heat
Over the 12 months ending 2026-09-20, 20 recorded sales closed at a median of $322,500, $167 per square foot, a median 83 days on market, sellers accepting 91% of original asking (-14% versus the prior year). At the median price and Brevard County's FY2025-26 rate of 15.6 mills, annual property tax runs about $5,030 ($4,410 with the full homestead exemption).
| Location | Melbourne, Brevard County, FL · ZIP 32904, 32940 |
|---|---|
| Homes in the community | 640 (FL DOR 2025 assessment roll) |
| Years built | 1988–2024 (median 1990.0) |
| Typical living area | 2,734 sq ft (median) |
| Sale prices, last 12 months | $322,500 median across 20 closed sales · $167 per sq ft · -14.0% vs the prior 12 months |
| Days on market (closed sales) | 83 median |
| Owner-occupied (homestead) share | 73% |
Data as of September 20, 2026. Based on information from the Space Coast MLS for the period 2004 through 2026; housing-stock figures from Florida Department of Revenue public records. Market figures describe homes, not residents. Cite as: Momentum Realty, “Indian River Colony Club key facts,” movewithmomentum.com/neighborhoods/indian-river-colony-club, data as of September 20, 2026.
Price here is condition-driven more than anything else. The median sits at $340,000, but with a median of about $166 per square foot and no standardized amenity package showing in current MLS data, what a buyer pays tracks closely to the state of the individual home rather than to a community-wide premium. Expect a wide spread around that median.
The current posture favors patient buyers. Homes are taking a median of 70 days to sell, the market heat score is low at 23, and prices are down 16% year over year. That combination gives a buyer room to negotiate and time to inspect. For a seller, it means pricing to the current market and preparing for a longer marketing window — not the pace of a few years back.
Indian River Colony Club right now
🔴 Off the recent peak. The trailing-12-month median ($322K) is down 14.0% from the prior 12 months ($375K) and up 226% since 2012. With about 29 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 September 20. Confidence: High (20 and 18 sales in the two windows).
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· Updated September 26, 2026 · Live data: Space Coast MLS, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
Nearby homes for sale
No active listings inside Indian River Colony ClubHomes 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
Indian River Colony Club market snapshot (as of September 20, 2026): the median sale price is about $322K ($167 per sq ft over the trailing 12 months of closed sales), and a median 83 days on market for closed sales. The trailing-12-month median is down 14% from the prior 12 months and up 226% since 2012, computed from record-level Space Coast MLS closed sales (20 closings in the current window).
In ZIP 32904 (Melbourne), 2,187 homes closed in the last 12 months at a median of $319K ($189/sq ft), down 1.1% year over year, with a median 49 days on market. Right now 35 active and 10 pending listings put supply at about 5.1 months — a balanced market. See the live ZIP 32904 housing market and the Brevard County market.
County records show 48 qualified sales in Indian River Colony Club across 2024–2025 (26 in 2024, 22 in 2025), median $350,000 — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.
Indian River Colony Club is a community of 640 homes in Melbourne, Brevard County, built between 1988 and 2024 (median 1990.0), with a median living area of about 2,734 square feet. 73% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).
Indian River Colony Club in Melbourne is a slower-moving Brevard County market where days on market run past two months and buyer leverage is real. The long arc has been strong — up 196% since 2012 — but the last year has pulled back sharply.
Who Indian River Colony Club is best for.
Best for
- Buyers with a flexible timeline who want to use the current 70-day pace and low heat score as negotiating leverage
- Value-focused buyers willing to weigh condition carefully against a median near $340,000
- Long-hold buyers comfortable riding a market that has climbed 196% since 2012 but is repricing now
Probably not for
- Buyers needing a quick turnaround, given a median 70 days on market
- Anyone counting on shared community amenities, which do not surface in current listings
- Sellers expecting a fast sale at last year's pricing after a 16% year-over-year decline
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending September 20 of each year, from record-level Space Coast MLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($322K) IS the median in the snapshot above, and the move from 2025 ($375K) IS the -14.0% one-year change.
Windows contain 18 to 45 sales each (20 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 2004 through 2026. Deemed reliable but not guaranteed.
27% of homes for sale in ZIP 32904 are already under contract (under contract ÷ under contract + active listings) — a read on how much of the available inventory buyers have already claimed. Source: MLS data (2026-09-20).
Housing distress & ownership in Indian River Colony Club, 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 Indian River Colony Club buying strategy.
If we were buying in Indian River Colony Club 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 Indian River Colony Club.
A correction against a long climb
The two numbers to hold together are the 196% gain since 2012 and the 16% decline over the past year. The long-term appreciation tells you this has been a durable market; the recent drop tells you it is repricing now. Neither number predicts the other, and we won't pretend it does — but a buyer entering today is entering on the soft side of that cycle rather than the peak.
With 25 closings in the measured window, a 70-day median time to sell, and a heat score of 23, this is a low-velocity market. Fewer transactions means each comparable sale carries more weight and pricing gets noisier, so lean on condition and recent closings rather than headline averages. No community amenities surface in current listings, which means value here rests on the home and the location, not on shared facilities.
The location and the amenities are priced into every listing in Indian River Colony Club. The deal is won or lost on condition, the comps, and the renovation math.
Momentum Buy Score.
Our proprietary 0 to 10 read across the factors that decide how a home in Indian River Colony Club buys, holds, and resells. Momentum Research; not an appraisal.
Momentum Intelligence Scores are our proprietary, qualitative assessment on a 0 to 10 scale, built from the record-level market data on this page. They are a framework for comparing communities, not a guarantee of future value and not advice on a specific home; unlike an automated value estimate they do not price your home, they grade the community on evidence you can inspect. Composite is the plain average of the 4 factors (5.9). Basis: Long-Term Appreciation +226% since 2012; Recent Direction -14.0% year-over-year; Owner Commitment 73% owner-occupied; Pricing Power 90.7% sale-to-list. Refreshed with each data update.
Why work with Momentum here
A thin, slow market rewards local reading. With only 25 closings in the window and prices repricing, we anchor every offer and every listing to actual condition-adjusted comparables instead of a single median — and we tell you plainly when a home is priced ahead of the market or when a longer marketing window is the honest expectation.
Indian River Colony Club 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 Indian River Colony Club 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 Indian River Colony Club sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Indian River Colony Club, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Indian River Colony Club home worth?
Get a no-obligation home value based on real comparable sales in Indian River Colony Club, 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
What is the median home price in Indian River Colony Club?
How long do homes in Indian River Colony Club take to sell?
How many homes are in Indian River Colony Club?
What share of Indian River Colony Club is owner-occupied?
When were the homes in Indian River Colony Club built?
Have Indian River Colony Club home prices gone up?
Who is the best real estate agent for Indian River Colony Club?
How do I find a top Melbourne real estate agent who knows Indian River Colony Club?
Can Momentum Realty connect me with an agent for Indian River Colony Club?
Where is Indian River Colony Club, and what county is it in?
Is Indian River Colony Club a good place to live?
Should you buy in Indian River Colony Club?
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 September 20, 2026 |
| Housing stock & ownership | Florida DOR assessment roll (street-list match (13 streets, ZIP 32904/32940)) |
| Under-contract shares | Space Coast MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2004 (564 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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