Mission Lake Villas
Homes for Sale in Melbourne, FL
All 714 homes for sale in Melbourne, FL · median $399,000 · 278 homes for sale in 32940 · Brevard County homes for sale
True comps, carrying-cost math, and listings before the portals.
Photo via Space Coast MLS
As of September 2026, Mission Lake Villas in Melbourne, FL has 2 homes for sale. Over the 12 months ending 2026-09-20, 8 recorded sales closed at a median of $448,000, $223 per square foot, a median 18 days on market, sellers accepting 95% of original asking (+5% versus the prior year). Homes listed or recently sold were built 1992–1997; 11 of 11 report an HOA (median $150/mo); 4 of the 5 geocoded homes sit in a FEMA special flood hazard zone (median elevation 34 ft). At the median price and Brevard County's FY2025-26 rate of 15.6 mills, annual property tax runs about $6,990 ($6,370 with the full homestead exemption).
| Location | Melbourne, Brevard County, FL · ZIP 32940 |
|---|---|
| Homes in the community | 138 (FL DOR 2025 assessment roll) |
| Years built | 1992–2004 (median 1994.0) |
| Typical living area | 2,904 sq ft (median) |
| Home types (current listings and sales) | single-family 100% |
| Amenities listed by sellers | Maintenance Grounds, Management - Off Site, Management - Full Time, Management - On Site, Other, Closed Circuit Camera(s) |
| Sale prices, last 12 months | $448,000 median across 8 closed sales · $223 per sq ft · +5.4% vs the prior 12 months |
| Days on market (closed sales) | 18 median |
| For sale right now | 2 active, 2 pending · median asking $442,000 · 3.0 months of supply |
| Owner-occupied (homestead) share | 81% |
Data as of September 20, 2026. Based on information from the Space Coast MLS for the period 2005 through 2026; housing-stock figures from Florida Department of Revenue public records. Market figures describe homes, not residents. Cite as: Momentum Realty, “Mission Lake Villas key facts,” movewithmomentum.com/neighborhoods/mission-lake-villas, data as of September 20, 2026.
Last 30 days in Mission Lake Villas: 2 under contract right now, 1 closed sale (median $535,000). As of September 26, 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.
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.
Mission Lake Villas right now
🟡 Balanced market. 3.0 months of supply and 50% of the inventory already under contract put buyers and sellers on roughly even footing.Why it matters: months of supply is how long today's inventory would last at today's sales pace; under-contract share is the portion of homes for sale that already have a buyer.Momentum Research analysis of Space Coast MLS records, as of September 20, 2026. Confidence: Medium (4 active and pending listings, 8 closed sales in 12 months).
🟡 Still climbing. The trailing-12-month median ($448K) is up 5.4% from the prior 12 months ($425K). With about 4 sales a year, a single closing can swing this number, so read the level and the decade, not one year's move.Momentum Research, record-level Space Coast MLS closed sales, 12-month windows ending September 20. Confidence: Low (8 and 3 sales in the two windows).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
· Updated September 27, 2026 · Live data: Space Coast MLS, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
The 60-Second Overview
Mission Lake Villas market snapshot (as of September 20, 2026): the median sale price is about $448K ($223 per sq ft over the trailing 12 months of closed sales), a median 19 days on market for closed sales, and 3.0 months of supply, a balanced market. The trailing-12-month median is up 5% from the prior 12 months, computed from record-level Space Coast MLS closed sales (8 closings in the current window).
In ZIP 32940 (Melbourne), 1,061 homes closed in the last 12 months at a median of $405K ($219/sq ft), up 0.4% year over year, with a median 40 days on market. Right now 150 active and 54 pending listings put supply at about 3.0 months — a balanced market. See the live ZIP 32940 housing market and the Brevard County market.
County records show 5 qualified sales in Mission Lake Villas across 2024–2025 (3 in 2024, 2 in 2025), median $420,000 — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.
Mission Lake Villas is a community of 138 homes in Melbourne, Brevard County, built between 1992 and 2004 (median 1994.0), with a median living area of about 2,904 square feet. 81% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).
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.
The setting & the homes.
Aerial and on-site photos of Mission Lake Villas. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
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Mission Lake VillasPhotos from Space Coast MLS listings in Mission Lake Villas; content deemed reliable but not guaranteed.
Who Mission Lake Villas is best for.
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
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending September 20 of each year, from record-level Space Coast MLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($448K) IS the median in the snapshot above, and the move from 2025 ($425K) IS the +5.4% one-year change.
Windows contain 1 to 8 sales each (8 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 2005 through 2026. Deemed reliable but not guaranteed.
32% of homes for sale in ZIP 32940 are already under contract (under contract ÷ under contract + active listings) — a read on how much of the available inventory buyers have already claimed. Source: MLS data (2026-09-27).
Mission Lake Villas Market Scorecard
Mission Lake Villas is currently a balanced market. About 3.0 months of supply, a median asking price of $442,000.
Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.
Live data: Space Coast MLS, refreshed twice daily. Market metrics only; these describe homes for sale and recent sales, not residents.
Homes For Sale Right Now in Mission Lake Villas
Live MLS inventory for Mission Lake Villas. 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.
ActiveTop listingActivePendingPendingActive and pending Mission Lake Villas listings as of 2026-09-26, priced high to low. Based on information from the Space Coast MLS for the period 2005 through 2026. Tap any home to ask about it.
Every Home for Sale in Mission Lake Villas Right Now (3)
All 3 active and pending Mission Lake Villas listings with a detail page, newest first, refreshed twice a day from the MLS.
- 366 Carmel Drive · $454,000 · 3 bd / 2 ba · listed Jun 27, 2026 · listed by Clear Realty, LLC.
- 394 Carmel Drive · $430,000 · 3 bd / 3 ba · listed Jun 27, 2026 · listed by EXP Realty, LLC
- 361 Carmel Drive · $489,900 · 3 bd / 3 ba · pending · listed Jun 27, 2026 · listed by Hawkins Realty, Inc.
Mission Lake Villas 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, tiles © CARTO.
Schools
- Brevard County Public Schools
- Verify the zoned schools by address
- Magnet and choice options may be available
- Suntree · Elementary
- DeLaura · Middle
- Viera · High
Zoned schools reflect the assignments reported on recent Mission Lake Villas 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 Mission Lake Villas address.
Shop the zone: Homes zoned for Viera High School
The Mission Lake Villas buying strategy.
If we were buying in Mission Lake Villas 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 Mission Lake Villas.
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.
Momentum Buy Score.
Our proprietary 0 to 10 read across the factors that decide how a home in Mission Lake Villas buys, holds, and resells. Momentum Research; not an appraisal.
Momentum Intelligence Scores are our proprietary, qualitative assessment on a 0 to 10 scale, built from the record-level market data on this page. They are a framework for comparing communities, not a guarantee of future value and not advice on a specific home; unlike an automated value estimate they do not price your home, they grade the community on evidence you can inspect. Composite is the plain average of the 4 factors (7.3). Basis: Recent Direction +5.4% year-over-year; Liquidity & Demand 3.0 months of supply; Owner Commitment 81% owner-occupied; Pricing Power 95.2% sale-to-list. Refreshed with each data update.
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.
HOA, CDD & Fees
- HOA dues reported around $150/month (about $1,800/yr) · median of 102 MLS listings, most billed monthly
- Any club/amenity membership is billed separately
Listings in this community report association dues of about $150 per month ($1,800 a year) — the median AssociationFee across 102 MLS records, normalised to a monthly figure; most are billed monthly. Dues change with budgets and can differ by section or product type; confirm the current figure with the association before you offer. Source: MLS listing records, 2026-09.
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 Mission Lake Villas 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 Mission Lake Villas sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Mission Lake Villas, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Mission Lake Villas home worth?
Get a no-obligation home value based on real comparable sales in Mission Lake Villas, 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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Frequently Asked Questions
What is the median home price in Mission Lake Villas?
How long do homes in Mission Lake Villas take to sell?
Is Mission Lake Villas a buyer's or seller's market right now?
How many homes are in Mission Lake Villas?
What share of Mission Lake Villas is owner-occupied?
When were the homes in Mission Lake Villas built?
Who is the best real estate agent for Mission Lake Villas?
How do I find a top Melbourne real estate agent who knows Mission Lake Villas?
Can Momentum Realty connect me with an agent for Mission Lake Villas?
Where is Mission Lake Villas, and what county is it in?
Is Mission Lake Villas a good place to live?
Should you buy in Mission Lake Villas?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Live listings | Space Coast MLS, refreshed twice daily (last: September 26, 2026) |
| Community market stats | Space Coast MLS closed sales, 12-month windows ending September 20, 2026 |
| Housing stock & ownership | Florida DOR assessment roll (street-list match (2 streets, ZIP 32940)) |
| Under-contract shares | Space Coast MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2005 (62 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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See how Mission Lake Villas fits the bigger picture — live prices, inventory, and Momentum Scores:
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