Magnolia Pointe
Homes for Sale in Melbourne, FL

Magnolia Pointe is a small-turnover pocket of Melbourne with no community amenities pulled from current listings, so what you buy is the house — and over the longer arc, values are up 140% since 2012 even as the last year has pulled back.

Space Coast MLS sales records identify 79 homes in Magnolia Pointe that have changed hands since 2005, built between 1998 and 2003 (median 2002), with a median living area of about 1,817 sq ft and a typical 3-bedroom, 2-bath layout; 67% 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 10 qualified sales in Magnolia Pointe across 2024–2025 (7 in 2024, 3 in 2025), median $400,000 — 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.

Magnolia Pointe is too small for its own price trend, so here is the market around it.

In ZIP 32940, 406 homes are on the market and 32% are under contract — a fast-moving corner of Melbourne.

Across Brevard County, 4,089 homes are active and 1,281 pending (24% under contract).

In ZIP 32940 (Melbourne), 183 homes closed in the last 12 months at a median of $415K ($230/sq ft), with a median 37 days on market. Right now 43 active and 9 pending listings put supply at about 2.8 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 Magnolia Pointe specifically. Momentum Research analysis of MLS records.

With only 9 closings in the tracking window, this is a thin market where a single well-priced or overpriced sale moves the read. Use comps carefully and weigh condition heavily — at roughly $203 per square foot as the median, an updated home and one needing work can sit far apart around the same $360,000 midpoint.

The 43-day median days-on-market tells you homes are not clearing overnight. Combined with the 8.9% year-over-year decline and a heat score of 14, the leverage currently favors patient buyers. That does not mean the community is weak — the 140% gain since 2012 shows long-term durability — but the near-term trend is down, and both sides should plan around that rather than last year's numbers.

Thin-volume, condition-driven markets are where guesswork costs money. With 9 recent closings and a wide spread around the median, we build a valuation from the actual comparable homes and their condition — not a formula — and we negotiate to the current soft posture instead of last year's prices. Whether you are buying with room to press on terms or selling into a slower market, we tell you what the data actually supports.