Magnolia Park
Homes for Sale in Melbourne, FL
True comps, carrying-cost math, and listings before the portals.
As of September 2026, the MLS records 9 closed sales in Magnolia Park in Melbourne, FL since 2007, the most recent in September 2025. Across Melbourne as a whole, 1,101 homes closed in the last 12 months at a median of $389,500, 45 median days on market, with 230 homes for sale today. At that median and Brevard County's FY2025-26 rate of 15.6 mills, annual property tax runs about $6,080 ($5,460 with the full homestead exemption).
Magnolia Park Replat is a small, plat-defined pocket in Melbourne, and the current MLS snapshot gives us almost nothing to hang a price story on — no median, no active count, no amenities. In a community this size, price is going to be driven by the individual home: its condition, its lot, and how recently it was updated. Two houses on the same street can trade far apart here, and that spread is about the property, not a neighborhood premium.
For buyers, that means underwriting each listing on its own merits rather than assuming a community baseline. For sellers, it means your comp set is thin and your pricing case has to be built house by house. Neither side should lean on broad averages in a pocket like this — the numbers are too few to be reliable, and the story lives in the details.
The 60-Second Overview
Magnolia Park Replat is a compact residential plat in Melbourne, Brevard County, without shared community amenities identified in current listings — the appeal, if any, is the individual home and the Melbourne location around it.
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.
Who Magnolia Park is best for.
Best for
- Buyers focused on the individual home and willing to underwrite condition line by line
- Buyers who want a Melbourne location without paying for shared amenity infrastructure
- Buyers comfortable making an offer in a low-comp, do-your-homework setting
Probably not for
- Buyers who want pools, gates, or other on-site community amenities
- Buyers who need a clear median or price band before they will engage
- Buyers who prefer the reassurance of a large, actively trading subdivision
The market around Magnolia Park
Magnolia Park is too small for its own price trend, so here is the market around it.
In ZIP 32901, 145 homes are on the market and 22% are under contract — a steady corner of Melbourne.
Across Brevard County, 4,087 homes are active and 1,495 pending (27% under contract).
ZIP and county figures describe the wider market, not Magnolia Park specifically. Momentum Research analysis of MLS records.
Magnolia Park by the numbers
From county property records and closed MLS sales for the Magnolia Park subdivision: 8 homes on record; built 1952–1960; typical size about 1,100 heated sq ft; 3 bedrooms is the median. Housing mix: single-family 100%.
| Year | Recorded sales | Median price |
|---|---|---|
| 2016 | 1 | $141,000 |
| 2017 | 1 | $115,000 |
| 2018 | 1 | $177,000 |
| 2019 | 1 | $216,000 |
| 2024 | 1 | $267,500 |
| 2025 | 1 | $410,000 |
Newest recorded sale: $410,000 on 2025-09-25.
Recorded data as of 2026-09-12; counts cover addresses tagged to this subdivision in the public record, not every parcel. Not an appraisal.
The Magnolia Park buying strategy.
If we were buying in Magnolia Park 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 Park.
A small-plat read
With no community amenities on record and no pricing depth to cite, this is a location-and-condition play. What you are buying is a specific house in Melbourne — its finishes, its systems, its lot — not a lifestyle package or a gated common area. That is not a knock; small unbranded plats often trade on quiet fundamentals rather than marketing.
The practical implication is diligence. Because there is no amenity structure to standardize value and few sales to anchor expectations, condition and recent updates will carry most of the weight in both list price and offer. Walk the home, read the inspection carefully, and treat any single comparable with caution.
The location and the amenities are priced into every listing in Magnolia Park. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a thin-data pocket like Magnolia Park Replat, generic AVMs and neighborhood averages will mislead you. We build the pricing case one property at a time — condition, lot, and the handful of relevant Melbourne comps — and we will tell you plainly when a listing is priced to its own merits and when it is not.
Magnolia Park 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 Magnolia Park 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 Park sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Magnolia Park, 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 Park home worth?
Get a no-obligation home value based on real comparable sales in Magnolia Park, 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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Should you buy in Magnolia Park?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Under-contract shares | Space Coast MLS records, as of 2026-09-08 |
| Historical depth | Closed-sale records back to 2007 (9 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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