Magnolia Lakes
Homes for Sale in Melbourne, FL
True comps, carrying-cost math, and listings before the portals.
Photo via Space Coast MLS
As of November 2026, Magnolia Lakes in Melbourne, FL has 3 homes for sale. Homes listed or recently sold were built 1999–2002; 11 of 11 report an HOA (median $32/mo); none of the 4 geocoded homes sit in a FEMA special flood hazard zone (median elevation 25 ft).
| Location | Melbourne, Brevard County, FL · ZIP 32934 |
|---|---|
| Homes in the community | 198 (FL DOR 2025 assessment roll) |
| Years built | 1998–2005 (median 2000.0) |
| Typical living area | 2,498 sq ft (median) |
| Home types (current listings and sales) | single-family 100% |
| Amenities listed by sellers | Basketball Court, Maintenance Grounds, Management - Off Site, Park, Management - Full Time, Other |
| For sale right now | 3 active, 0 pending · median asking $469,000 |
| Owner-occupied (homestead) share | 71% |
Data as of November 8, 2026. Based on information from the Space Coast MLS for the period 2026 through 2026; housing-stock figures from Florida Department of Revenue public records. Market figures describe homes, not residents. Cite as: Momentum Realty, “Magnolia Lakes key facts,” movewithmomentum.com/neighborhoods/magnolia-lakes, data as of November 8, 2026.
Last 30 days in Magnolia Lakes: 1 closed sale (median $365,000). As of November 9, 2026, Listing data provided by the Space Coast Multiple Listing Service. Information is deemed reliable but is not guaranteed by the MLS to be accurate.
Price in Magnolia Lakes is condition-driven, not amenity-driven. There's no community package showing up in the current MLS listings, so what a buyer pays tracks the house itself — its updates, its footprint, its shape — rather than any shared feature set. The median sits at $365,000, around $180 per square foot, and the spread around that number is best explained by how move-in ready a given home is.
The current posture is soft. Prices are down 10.8% year over year and homes are taking a median of 106 days to sell — that's a slow, negotiable market despite a high heat reading. For buyers, that means time and leverage. For sellers, it means sharp pricing and presentation matter more than usual; the market is not carrying you here right now.
Figures in this note are as of July 15, 2026. The live market numbers elsewhere on this page update nightly and are newer.
The 60-Second Overview
Magnolia Lakes is a Melbourne community in Brevard County where the value equation lives inside the four walls — there are no shared amenities pulling weight in the price. The long arc has been strong (up 182% since 2012), but the near-term trend has cooled.
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.
The setting & the homes.
Aerial and on-site photos of Magnolia Lakes. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
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Magnolia LakesPhotos from Space Coast MLS listings in Magnolia Lakes; content deemed reliable but not guaranteed.
Who Magnolia Lakes is best for.
Best for
- Buyers with a long hold horizon who value the multi-year growth over near-term swings
- Bargain-minded buyers ready to use a slow market and soft year for leverage
- Buyers targeting a specific move-in-ready home and prepared to pay for condition
Probably not for
- Sellers needing a fast exit who can't sit through a 106-day median
- Buyers whose priority is a pool, clubhouse, or other shared community amenities
- Short-term buyers counting on quick appreciation to resell within a year
The market around Magnolia Lakes
Magnolia Lakes is too small for its own price trend, so here is the market around it.
In ZIP 32934, 70 homes are on the market and 27% are under contract — a steady corner of Melbourne.
Across Brevard County, 4,089 homes are active and 1,281 pending (24% under contract).
ZIP and county figures describe the wider market, not Magnolia Lakes specifically. Momentum Research analysis of MLS records.
Homes For Sale Right Now in Magnolia Lakes
Live MLS inventory for Magnolia Lakes. Every active listing, what is under contract right now, and the last 12 months of closed sales, refreshed twice a day. Closed comps beat an algorithm's guess every time.
Active and pending Magnolia Lakes listings as of 2026-11-09, priced high to low. Based on information from the Space Coast MLS for the period 2026 through 2026. Tap any home to ask about it.
Every Home for Sale in Magnolia Lakes Right Now (1)
All 1 active and pending Magnolia Lakes listings with a detail page, newest first, refreshed twice a day from the MLS.
- 1211 Berryhill Drive · $294,000 · 3 bd / 2 ba · listed Aug 11, 2026 · listed by Fortune Christie's Intl R.E.
Magnolia Lakes on the map.
Every active, pending, and recently sold home, plotted. Toggle the layers and tap a home for the details.
Listing locations from Space Coast MLS. Map data © OpenStreetMap contributors.
Schools
- Brevard County Public Schools
- Verify the zoned schools by address
- Magnet and choice options may be available
- Sabal · Elementary
- Johnson · Middle
- Eau Gallie · High
Zoned schools reflect the assignments reported on recent Magnolia Lakes listings and can change; always confirm with Brevard County Public Schools for a specific address.
Buying with schools in mind? We can confirm the exact zoned schools for any Magnolia Lakes address.
The Magnolia Lakes buying strategy.
If we were buying in Magnolia Lakes 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 Magnolia Lakes.
A patient market with a long tailwind
Two timeframes tell different stories. Since 2012, values are up 182% — a substantial long-run climb. But over the last year they've retraced 10.8%, and with a median 106 days on market, this is not a place where listings move on a weekend. The recent closing window is thin, so treat any single comp with caution and lean on the median as your anchor.
Because no community amenities surface in current listings, don't underwrite a lifestyle premium that isn't there. Underwrite the home. A well-updated house and a dated one at the same address will diverge widely in price, and in a slow market that gap gets negotiated openly rather than papered over by demand.
The location and the amenities are priced into every listing in Magnolia Lakes. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a market pricing condition over everything and running a 106-day median, the win comes from reading each home honestly and pricing to the actual comps — not to last year's numbers. We'll tell a seller where their money is best spent before listing, and we'll tell a buyer where the negotiating room really is.
Magnolia Lakes in 15 seconds.
Tools for a Magnolia Lakes 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 Magnolia Lakes sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Magnolia Lakes, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Magnolia Lakes home worth?
Get a no-obligation home value based on real comparable sales in Magnolia Lakes, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
See all homes for sale in Melbourne →
Recently off market in Magnolia Lakes
Homes in Magnolia Lakes that recently left the market. Each address opens its public-record profile: county-recorded value, property taxes, the last recorded sale, community sales history, and what is for sale nearby now. 5 on record.
- 13247 Little Gem Cir · off market
- 13309 Little Gem Cir · off market
- 13338 Little Gem Cir · off market
- 13388 Little Gem Cir · off market
- 13405 Little Gem Cir · off market
Frequently Asked Questions
How many homes are in Magnolia Lakes?
What share of Magnolia Lakes is owner-occupied?
When were the homes in Magnolia Lakes built?
Who is the best real estate agent for Magnolia Lakes?
How do I find a top Melbourne real estate agent who knows Magnolia Lakes?
Can Momentum Realty connect me with an agent for Magnolia Lakes?
Should you buy in Magnolia Lakes?
An honest fit check. We will tell you when it is not your community.
Nearby Communities
Explore more neighborhoods near Magnolia Lakes with Momentum Realty’s local guides.
Data sources & freshness
| Live listings | Space Coast MLS, refreshed twice daily (last: November 9, 2026) |
| Housing stock & ownership | Florida DOR assessment roll (street-list match (3 streets, ZIP 32934)) |
| Under-contract shares | Space Coast MLS records, as of 2026-11-08 |
| Historical depth | Closed-sale records back to 2026 (1 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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The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. A Momentum agent can price yours against live local comps.
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See how Magnolia Lakes fits the bigger picture — live prices, inventory, and Momentum Scores: