Magnolia Village Iii
Homes for Sale in Melbourne, FL
True comps, carrying-cost math, and listings before the portals.
Magnolia Village III is a small, self-contained pocket in Melbourne where price is driven far more by the condition and finish of the individual home than by any community premium — there are no shared amenities pulling values in either direction. With a median around $273,900 and a median of roughly $247 per square foot, the pricing here rewards updated, move-in-ready product and penalizes anything that needs work.
The current posture is patient, not frantic. A median of 54 days on market tells you homes are taking the better part of two months to sell, which gives buyers room to inspect, negotiate, and walk away from anything overpriced. Sellers should read the same number as a signal to price to the median from day one rather than testing a high number and chasing it down.
The 60-Second Overview
Magnolia Village Iii market snapshot (as of July 15, 2026): the median sale price is about $274K ($247 per sq ft over the trailing 12 months of closed sales), and a median 54 days on market for closed sales.
This is a modest, amenity-free enclave in Brevard County where the home itself — not a clubhouse or gated entry — is the whole value proposition, so condition and square-foot efficiency carry the pricing.
Who Magnolia Village Iii is best for.
Best for
- Buyers targeting a mid-$270s Brevard purchase who value the home over shared facilities
- Renovation-minded buyers willing to price for condition and add value themselves
- Buyers who want unhurried decision time and room to negotiate
Probably not for
- Buyers who need on-site amenities such as a pool, gym, or clubhouse
- Sellers expecting a fast, above-median sale without pricing to the market
- Buyers wanting a large or luxury footprint well beyond this median price point
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending July 15 of each year, from record-level Space Coast MLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($274K) IS the median in the snapshot above.
Windows contain 0 to 5 sales each (3 in the current window); every figure carries its sample size, and thin markets swing on single closings. Based on information from the Space Coast MLS for the period %s through %s. Deemed reliable but not guaranteed.
The Magnolia Village Iii buying strategy.
If we were buying in Magnolia Village Iii 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 Village Iii.
A condition-driven market with no amenity cushion
Because no community amenities show up in current MLS listings, there is nothing here to smooth over a dated interior or a deferred-maintenance list. The spread in what homes fetch will come down to renovations, layout, and how the square footage lives — the $247 per square foot median is a useful anchor, but individual homes can sit above or below it depending purely on their own merits.
The 54-day median means this is not a market where you need to make a same-day decision, and it is not one where a seller can count on a bidding war to bail out an aggressive list price. Both sides benefit from doing the homework: buyers on comparable finishes, sellers on realistic pricing against the median.
The location and the amenities are priced into every listing in Magnolia Village Iii. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a small, amenity-free community, pricing lives or dies on how well you read one home against the next, and a thin closings window means every recent sale matters. We work the per-square-foot math and the condition story listing by listing so you are anchored to the $273,900 median for what it is worth — and know exactly where a specific home should land relative to it.
Magnolia Village Iii in 15 seconds.
HOA, CDD & Fees
- Mandatory HOA — confirm current dues
- 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 Village Iii 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 Village Iii sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Magnolia Village Iii, 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 Village Iii home worth?
Get a no-obligation home value based on real comparable sales in Magnolia Village Iii, 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 homes for sale in Magnolia Village Iii on the map →
Frequently Asked Questions
What is the median home price in Magnolia Village Iii?
How long do homes in Magnolia Village Iii take to sell?
Who is the best real estate agent for Magnolia Village Iii?
How do I find a top Melbourne real estate agent who knows Magnolia Village Iii?
Can Momentum Realty connect me with an agent for Magnolia Village Iii?
Should you buy in Magnolia Village Iii?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Community market stats | Space Coast MLS closed sales, 12-month windows ending July 15, 2026 |
| Under-contract shares | Space Coast MLS records, as of 2026-07-12 |
| Historical depth | Closed-sale records back to 2004 (51 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 your area comps.
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