Mission Lake Villas
Homes for Sale in Melbourne, FL

Community in Melbourne · Brevard County
Median sale $430K
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True comps, carrying-cost math, and listings before the portals.

Built fromLive Space Coast MLS data21 years of closingsUpdated twice daily
Live · Mission Lake Villas Housing Pulse Space Coast MLS + public records Analysis by Momentum Realty · $3.5B+ sold · 8,500+ transactions · Top 1% in Florida (RealTrends)
Price
$430K
Median sold · 12 mo
$225/sf
Sold $/sqft · 12 mo
peak $249 in 2023
94.9%
Sale vs ask
Tempo
22days
Median DOM · closed
4 days at the 2021 low
9
Sold · last 12 mo
10-yr average: about 4 a year
Track record · 21 years of records
1,981sqft
Median sold home size
12-mo windows, closed sales
Jon Brooks, founder of Momentum Realty
Jon's Current Read

Mission Lake Villas is a small, self-contained pocket in Melbourne, and with a median around $430,000 at roughly $225 per square foot, price here is driven far more by the individual unit than by any community premium. There are no shared amenities pulling values up, so what you pay tracks condition, layout, and how updated a given villa actually is. Expect a wide spread between move-in-ready and dated units at similar sizes.

The pace is brisk. A median of 22 days on market says correctly-priced, well-kept villas move quickly, but the closing count is thin, so a single sale carries a lot of weight in the numbers. For sellers, that means presentation and pricing discipline matter more than waiting for the market to lift you. For buyers, it means moving decisively when the right unit lists rather than assuming another will appear next week.

The 60-Second Overview

Mission Lake Villas market snapshot (as of July 15, 2026): the median sale price is about $430K ($225 per sq ft over the trailing 12 months of closed sales), and a median 22 days on market for closed sales.

A compact villa community in Melbourne with no identified shared amenities, where value is set unit by unit and inventory turns over fast but in small numbers.

Best for

  • Buyers targeting a mid-$400s villa who value low upkeep over resort-style amenities
  • Decisive buyers with financing ready who can move on a fast, low-inventory market
  • Sellers willing to update and price to actual comparables for a quick sale

Probably not for

  • Buyers who want a clubhouse, pool, or other shared community amenities
  • Buyers needing a large selection to compare, since inventory turns over in small numbers
  • Sellers hoping a rising market will carry an unimproved, over-listed unit

Windows contain 1 to 9 sales each (9 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.

Median sale price · trailing 12 mo
$200K$300K$400K$500K20122014201620182020202220242026
Every sale since 2005 · price vs size
$0$200K$400K2k2k2k
61 closed sales; green = recent. Size sets the floor, condition and lot set the rest.
Sold $ per sq ft · trailing 12 mo
$150$200$25020122014201620182020202220242026
Up from $117 in 2012 to a $249 peak in 2023; $225 now.
Median days on market · closed sales
05010020122014201620182020202220242026
4 days at the 2021 low; 22 now.
Sale price vs original ask · median
90%95%100%20122014201620182020202220242026
94.9% now.
Homes sold per 12-mo window
025820122014201620182020202220242026
1 to 9 a year; 9 in the current window.

If we were buying in Mission Lake Villas today, this is the order of operations we would run for our clients.

1

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.

2

Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.

3

Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.

4

Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.

5

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 Mission Lake Villas.

Best Buy
Buyers who want a low-maintenance Melbourne villa and will act quickly when one lists.
Biggest Risk
A thin sales count makes any single comp heavily influential on value.
Sweet Spot
An updated villa priced honestly against recent closings, not aspirations.
Avoid If
You want shared amenities like a pool or clubhouse built into the community.

A condition-driven villa market

Because current MLS listings show no community amenities, there is no clubhouse, pool, or shared feature to standardize value. That pushes the entire pricing conversation onto the villa itself: kitchen and bath updates, flooring, roof and system age, and floor plan. Two units of similar footage can justify meaningfully different prices purely on how recently they've been renovated, and the median $225 per square foot is best read as a midpoint, not a rule.

The 22-day median sits against a shallow pool of recent closings. That combination rewards preparation on both sides. Sellers who stage, address deferred maintenance, and price to the actual comparable sales tend to clear quickly; those who reach past the condition of their unit sit and then chase the market down. Buyers should have financing and inspection logistics ready before they tour, since hesitation in a fast, low-volume setting usually costs the deal.

The location and the amenities are priced into every listing in Mission Lake Villas. The deal is won or lost on condition, the comps, and the renovation math.

Jon Brooks · Founder, Momentum Realty

Why work with Momentum here

In a low-volume community, every comparable sale matters, and a bad read on condition can throw a valuation off badly. We track Mission Lake Villas listing by listing, price against what actually closed rather than a headline average, and help you move at the speed a 22-day market demands without overpaying to do it.

Mission Lake Villas in 15 seconds.

Best forBuyers who want a low-maintenance Melbourne villa and will act quickly when one lists.
Biggest advantageA fast-moving market where well-prepared units clear in about three weeks.
Biggest riskA thin sales count makes any single comp heavily influential on value.
Sweet spotAn updated villa priced honestly against recent closings, not aspirations.
Avoid ifYou want shared amenities like a pool or clubhouse built into the community.

HOA, CDD & Fees

In short
  • 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.

The takeaway

Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Mission Lake Villas sales matched to your home.

What is your Mission Lake Villas home worth?

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Real comps, not an automated estimate.

Frequently Asked Questions

What is the median home price in Mission Lake Villas?
The median sale price in Mission Lake Villas was $430K over the 12 months ending July 15, 2026 (9 closed sales, Space Coast MLS).
How long do homes in Mission Lake Villas take to sell?
Homes that closed in the 12 months ending July 15, 2026 took a median 22 days on market (9 sales, Space Coast MLS).
Who is the best real estate agent for Mission Lake Villas?
The best agent for Mission Lake Villas is one who actively works Melbourne and knows the community's pricing, fees, and current inventory. Tell us what you're looking for in the form on this page and Momentum Realty will match you with a local specialist for Mission Lake Villas.
How do I find a top Melbourne real estate agent who knows Mission Lake Villas?
Share a few details in the form on this page. Momentum Realty has 280+ agents and more than $3.5B in closed sales, and we'll connect you with one who knows Mission Lake Villas and the wider Melbourne area.
Can Momentum Realty connect me with an agent for Mission Lake Villas?
Yes. Use the form on this page and we'll introduce you to a local specialist who can guide your Mission Lake Villas purchase or sale - no call center and no pressure.
Buyers targeting a mid-$400s villa who value low upkeep over resort-style amenitiesExcellent fit
Decisive buyers with financing ready who can move on a fast, low-inventory marketExcellent fit
Sellers willing to update and price to actual comparables for a quick saleExcellent fit
Buyers who want a clubhouse, pool, or other shared community amenitiesProbably not
Buyers needing a large selection to compare, since inventory turns over in small numbersProbably not
Sellers hoping a rising market will carry an unimproved, over-listed unitProbably not

Data sources & freshness

Community market statsSpace Coast MLS closed sales, 12-month windows ending July 15, 2026
Under-contract sharesSpace Coast MLS records, as of 2026-07-12
Historical depthClosed-sale records back to 2005 (61 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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