Lighthouse Cove
Condos for Sale in Melbourne Beach, FL

Lighthouse Cove Condo Phase IV is a Melbourne Beach condominium community on Brevard's barrier island, where the median closed at $340,000 and inventory turns slowly—113 days on market with only three sales in the past quarter.

Space Coast MLS sales records identify 68 homes in Lighthouse Cove Condo that have changed hands since 2004, built between 1980 and 1998 (median 1995), with a median living area of about 1,309 sq ft and a typical 2-bedroom, 2-bath layout; 90% are condominiums. 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 4 qualified sales in Lighthouse Cove Condo across 2024–2025 (2 in 2024, 2 in 2025), median $360,000 — 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.

Lighthouse Cove Condo is too small for its own price trend, so here is the market around it.

In ZIP 32951, 171 homes are on the market and 22% are under contract — a steady corner of Melbourne Beach.

Across Brevard County, 4,132 homes are active and 1,477 pending (26% under contract).

In ZIP 32951 (Melbourne Beach), 102 homes closed in the last 12 months at a median of $645K ($335/sq ft), down 6.7% year over year, with a median 60 days on market. Right now 28 active and 6 pending listings put supply at about 6.7 months — a buyer's market. See the live ZIP 32951 housing market and the Brevard County market.

ZIP and county figures describe the wider market, not Lighthouse Cove Condo specifically. Momentum Research analysis of MLS records.

Melbourne Beach occupies a narrow strip of Atlantic coastline south of the Patrick Space Force Base and north of Sebastian Inlet. Lighthouse Cove Phase IV is one of several condo phases in a walkable beach town with limited commercial sprawl and a year-round mix of residents and seasonal owners. You're buying location—ocean access, low-rise density, and proximity to coastal parks—rather than resort amenities or gated exclusivity.

The $252/ft² median price per square foot reflects older condo stock; units that have seen recent kitchen and bath updates command a premium, while original interiors linger on the market. With only three closings in the quarter and a 113-day median DOM, sellers face a market that rewards realistic pricing and buyers have negotiating leverage if they can tolerate dated finishes or budget for renovations. Inventory here is episodic—units come to market when owners relocate or downsize, not on a predictable schedule.

Melbourne Beach zoning limits high-rise development, so supply remains constrained. The trade-off is a quieter, less commercial beach town with fewer dining and retail options than neighboring Satellite Beach or Indialantic. If you want barrier-island living and are comfortable with a slower-moving market, this phase offers a clear price point; if you need immediate liquidity or expect rapid turnover, the 113-day DOM is your reality check.

Momentum Realty tracks every Brevard barrier-island condo sale, so we know which units in Lighthouse Cove have sold recently, at what concessions, and how long comparable inventory sat. In a market with only three closings per quarter and 113 days on market, having an agent who can benchmark condition, price your listing to move, or negotiate seller credits for deferred maintenance makes the difference between a closed deal and a stale listing. We'll tell you what the unit is worth today—and when to walk away.

Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.