Indian River Villa Rec In Db
Homes for Sale in Melbourne, FL

All 714 homes for sale in Melbourne, FL · median $399,000 · 278 homes for sale in 32940 · Brevard County homes for sale

Community in Melbourne · Brevard County · ZIP 32940
30 homesBuilt 1947–2019
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Built fromLive Space Coast MLS data12 years of closingsFL DOR public recordsUpdated twice daily

As of September 2026, the MLS records 7 closed sales in Indian River Villa Rec In Db 318 in Melbourne, FL since 2014, the most recent in July 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).

Indian River Villa Rec In Db 318 key facts
LocationMelbourne, Brevard County, FL · ZIP 32940
Homes in the community30 (FL DOR 2025 assessment roll)
Years built1947–2019 (median 1985)
Typical living area2,665 sq ft (median)
Owner-occupied (homestead) share46%

Data as of September 20, 2026. Based on information from the Space Coast MLS for the period 2014 through 2025; housing-stock figures from Florida Department of Revenue public records. Market figures describe homes, not residents. Cite as: Momentum Realty, “Indian River Villa Rec In Db 318 key facts,” movewithmomentum.com/neighborhoods/indian-river-villa-rec-in-db-318, data as of September 20, 2026.

Live · Indian River Villa Rec In Db Housing Pulse Space Coast MLS + public records Analysis by Momentum Realty · $3.5B+ sold · 10,000+ customers served · Top 1% in Florida (RealTrends)
Ownership and context
46%
Owner-occupied · Indian River Villa Rec In Db
16 of 35 parcels homesteaded (FL DOR 2025)
54%
Non-owner-occupied · Indian River Villa Rec In Db
incl. 29% trust or LLC-held · 11% out-of-state
30
Homes in the community
plus 5 vacant residential lots · 35 residential parcels (FL DOR 2025)
Track record · 12 years of records
3
Recorded sales · 2024-2025
median $2.20M · qualified sales on the county roll (FL DOR 2025)
Est. 1947
Community established
homes built 1947-2019, median 1985 (FL DOR 2025)
Jon Brooks, founder of Momentum Realty
Jon's Current Read

There is no median price, no listing count, and no amenity set to anchor a data-driven read here. What that means in practice: price in this small Melbourne community will be set almost entirely by the individual home — its condition, updates, and how it stacks up against the broader Brevard market — rather than by any community premium.

For a buyer, that puts the burden on comparing a specific unit against nearby alternatives, because this snapshot gives you nothing to lean on. For a seller, it means pricing off recent, comparable sales and the honest condition of your home, not off a community reputation that the current listing data does not establish.

Nearby homes for sale

No active listings inside Indian River Villa Rec In DbHomes 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.

4891 Erin Lane
$340K · 0.7 mi away
3 bd · 2 ba · 1,580 sqft
4891 Erin Lane
Listed by Coldwell Banker Paradise
4919 Erin Lane
$394K · 0.7 mi away
4 bd · 2 ba · 1,708 sqft
4919 Erin Lane
Listed by Relentless Real Estate Co.
6275 N Highway 1
$3.89M · 0.9 mi away
5 bd · 4.5 ba · 4,290 sqft
6275 N Highway 1
Listed by Space Shore Realty LLC
3351 Deer Lakes Drive
$430K · 0.9 mi away
4 bd · 2.5 ba · 2,560 sqft
3351 Deer Lakes Drive
Listed by Coldwell Banker Coast Realty
3251 Windsor Estates Drive
$737K · 1.0 mi away
4 bd · 2.5 ba · 2,822 sqft
3251 Windsor Estates Drive
Listed by One Sotheby's International
2635 Summer Brook Street
$620K · 1.0 mi away
4 bd · 2.5 ba · 2,226 sqft
2635 Summer Brook Street
Listed by J. Edwards Real Estate

Listing data from the MLS feeds named on each listing page; deemed reliable but not guaranteed. Refreshed nightly.

The 60-Second Overview

Indian River Villa Rec is a small community in Melbourne, Brevard County, with no amenities identified from current MLS listings — so its appeal rests on the individual home and its location rather than shared facilities.

Space Coast MLS sales records identify 6 homes in Indian River Villa Rec In Db that have changed hands since 2014, built between 1959 and 1998 (median 1974), with a median living area of about 2,160 sq ft and a typical 3-bedroom, 2-bath layout; 100% are single-family homes. 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.

County records show 3 qualified sales in Indian River Villa Rec In Db across 2024–2025 (1 in 2024, 2 in 2025), median $2.20M — 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.

Best for

  • Buyers who care most about the individual home and are comfortable underwriting condition and location
  • Value-minded buyers willing to compare closely against other Melbourne listings
  • Buyers who do not need shared community amenities to justify the purchase

Probably not for

  • Buyers who want a lifestyle built around pools, clubhouses, or other shared facilities
  • Buyers who need extensive published community data before committing
  • Buyers seeking a large, high-turnover market with many comparable units on hand

The market around Indian River Villa Rec In Db

Indian River Villa Rec In Db 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 Indian River Villa Rec In Db specifically. Momentum Research analysis of MLS records.

Housing distress & ownership in Indian River Villa Rec In Db 318, Melbourne

Who owns here, how much is not owner-occupied, and how much for-sale inventory is under distress.

Active inventory in distress
0.0%
0 of 3 listings
Distress share trend — 0.0% now (2026-09-14 → 2026-09-19)

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.

If we were buying in Indian River Villa Rec In Db today, this is the order of operations we would run for our clients.

1

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.

2

Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.

3

Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.

4

Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.

5

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 Villa Rec In Db.

Best Buy
Buyers focused on a specific home in Melbourne rather than a community amenity package.
Biggest Risk
The thin data in this snapshot means you cannot lean on community-wide pricing or amenities.
Sweet Spot
A home whose condition and location clearly justify its price against nearby Melbourne comparables.
Avoid If
You want a community defined by shared amenities, which are not identified here.

A location-and-condition play

With no community amenities on record and no active pricing data in this snapshot, everything comes down to the specific home and where it sits within Melbourne. That is not a knock — plenty of solid buys are made this way — but it changes how you evaluate value. You are underwriting a house, not a community package.

The practical move is to look at each listing on its own merits: layout, updates, maintenance history, and how its price lines up against comparable Melbourne homes. Because the shared-amenity story is absent here, condition and location carry the full weight of the decision.

“

The location and the amenities are priced into every listing in Indian River Villa Rec In Db. The deal is won or lost on condition, the comps, and the renovation math.

Jon Brooks · Founder, Momentum Realty

Why work with Momentum here

In a community this thin on published data, the value we add is legwork: pulling recent comparable sales, walking the condition of the specific unit, and telling you plainly whether the price makes sense. We would rather talk you out of the wrong home than push you into a number nobody can defend.

Indian River Villa Rec In Db in 15 seconds.

Best forBuyers focused on a specific home in Melbourne rather than a community amenity package.
Biggest advantageValue here is condition-driven, so a well-kept or updated unit can stand out on its own merits.
Biggest riskThe thin data in this snapshot means you cannot lean on community-wide pricing or amenities.
Sweet spotA home whose condition and location clearly justify its price against nearby Melbourne comparables.
Avoid ifYou want a community defined by shared amenities, which are not identified here.

HOA, CDD & Fees

A note on who we are: Momentum Realty is a real estate brokerage. We are not the Indian River Villa Rec In Db homeowners association, its management company or its developer, and we cannot help with dues, gate access, violations, amenity bookings or association documents. To reach the association, check your closing package, the recorded declaration at the county clerk, or search the association’s name at sunbiz.org for its registered agent. Call or message us to buy or sell a home in Indian River Villa Rec In Db.
In short
  • 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.

The takeaway

Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Indian River Villa Rec In Db sales matched to your home.

What is your Indian River Villa Rec In Db home worth?

Get a no-obligation home value based on real comparable sales in Indian River Villa Rec In Db, 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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Real comps, not an automated estimate.

Frequently Asked Questions

How many homes are in Indian River Villa Rec In Db?
The Florida DOR 2025 assessment roll shows 30 homes plus 5 vacant residential lots in Indian River Villa Rec In Db (public records).
What share of Indian River Villa Rec In Db is owner-occupied?
46% of Indian River Villa Rec In Db parcels carry a homestead exemption on the 2025 Florida DOR roll, the owner-occupancy proxy in public records.
When were the homes in Indian River Villa Rec In Db built?
Homes in Indian River Villa Rec In Db were built between 1947 and 2019, with a median year built of 1985 (FL DOR 2025 roll).
Who is the best real estate agent for Indian River Villa Rec In Db?
The best agent for Indian River Villa Rec In Db is one who actively works Melbourne and knows the community's pricing, fees, and current inventory. Tell us what you're looking for in the form on this page and Momentum Realty will match you with a local specialist for Indian River Villa Rec In Db.
How do I find a top Melbourne real estate agent who knows Indian River Villa Rec In Db?
Share a few details in the form on this page. Momentum Realty has 320+ agents and more than $3.5B in closed sales, and we'll connect you with one who knows Indian River Villa Rec In Db and the wider Melbourne area.
Can Momentum Realty connect me with an agent for Indian River Villa Rec In Db?
Yes. Use the form on this page and we'll introduce you to a local specialist who can guide your Indian River Villa Rec In Db purchase or sale - no call center and no pressure.
Where is Indian River Villa Rec In Db, and what county is it in?
Indian River Villa Rec In Db is in Melbourne, Brevard County, FL, ZIP 32940. The community's center is about 8 miles north of the center of Melbourne (straight-line).
Buyers who care most about the individual home and are comfortable underwriting condition and locationExcellent fit
Value-minded buyers willing to compare closely against other Melbourne listingsExcellent fit
Buyers who do not need shared community amenities to justify the purchaseExcellent fit
Buyers who want a lifestyle built around pools, clubhouses, or other shared facilitiesProbably not
Buyers who need extensive published community data before committingProbably not
Buyers seeking a large, high-turnover market with many comparable units on handProbably not

Data sources & freshness

Housing stock & ownershipFlorida DOR assessment roll (street-list match (1 streets, ZIP 32940))
Under-contract sharesSpace Coast MLS records, as of 2026-09-20
Historical depthClosed-sale records back to 2014 (7 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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