Northwest Lakes Condo Ph V
Homes for Sale in Cocoa, FL
True comps, carrying-cost math, and listings before the portals.
Northwest Lakes Condo Ph V is a small, condo-only slice of the Cocoa market, and the numbers reflect that thin trading volume — just 3 closings in the current window. With a median around $215,000 and roughly $137 per square foot, price here is driven far more by unit condition, floor plan, and updates than by any single headline figure. Treat the median as a reference point, not a rule.
The market posture is soft. Prices are down 14% year over year, and the median unit is taking about 41 days to sell. For a buyer, that combination means room to negotiate and time to do diligence rather than rushing an offer. For a seller, it means pricing to the current market honestly and preparing for a longer marketing period — chasing last year's number is the fastest way to sit.
Northwest Lakes Condo Ph V right now
🔴 Off the recent peak. The trailing-12-month median ($215K) is down 14.0% from the prior 12 months ($250K). With about 2 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 July 15. Confidence: Low (3 and 4 sales in the two windows).
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Updated July 15, 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
Northwest Lakes Condo Ph V market snapshot (as of July 15, 2026): the median sale price is about $215K ($137 per sq ft over the trailing 12 months of closed sales), and a median 41 days on market for closed sales. The trailing-12-month median is down 14% from the prior 12 months, computed from record-level Space Coast MLS closed sales (3 closings in the current window).
This is a condominium community in Cocoa where value hinges on the individual unit — no community amenities are identified in current MLS listings, so what you're buying is the home itself and its location, not a resort-style package.
Who Northwest Lakes Condo Ph V is best for.
Best for
- Budget-conscious buyers targeting a purchase around the mid-$200s or below in Brevard County
- Investors comfortable underwriting condo association fees and reserves before buying
- Buyers with patience to shop condition and negotiate in a slower market
Probably not for
- Buyers who want on-site amenities like a pool or clubhouse, since none are identified in current listings
- Sellers expecting last year's pricing or a quick, above-market sale
- Buyers who need broad comp data and high transaction volume to feel confident
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 ($215K) IS the median in the snapshot above, and the move from 2025 ($250K) IS the -14.0% one-year change.
Windows contain 0 to 4 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 Northwest Lakes Condo Ph V buying strategy.
If we were buying in Northwest Lakes Condo Ph V 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 Northwest Lakes Condo Ph V.
A thin, condition-driven condo market
With only 3 recent closings, this is a low-volume community where a single well-updated or poorly-maintained unit can swing the apparent median. Don't read the $215,000 figure as a fixed price band — read it as a midpoint around which condition creates a wide spread. The $137 per square foot median is a more stable way to compare one unit against another.
The 14% year-over-year decline and 41-day median days-on-market both point to a market that has cooled and given negotiating leverage back to buyers. That's not a red flag on its own; it's a condition to price and negotiate around. Because no amenities show up in current listings, factor the full condo association picture — fees, reserves, and rules — into your underwriting before you commit.
The location and the amenities are priced into every listing in Northwest Lakes Condo Ph V. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
Low-volume condo communities are where a careless comp does the most damage. With only a handful of recent closings and a wide condition-driven spread, we anchor pricing to per-square-foot reality and unit condition rather than a single median, and we dig into the association's fees and reserves before you write or accept an offer.
Northwest Lakes Condo Ph V 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 Northwest Lakes Condo Ph V 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 Northwest Lakes Condo Ph V sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Northwest Lakes Condo Ph V, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Northwest Lakes Condo Ph V home worth?
Get a no-obligation home value based on real comparable sales in Northwest Lakes Condo Ph V, 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 Northwest Lakes Condo Ph V?
How long do homes in Northwest Lakes Condo Ph V take to sell?
Who is the best real estate agent for Northwest Lakes Condo Ph V?
How do I find a top Cocoa real estate agent who knows Northwest Lakes Condo Ph V?
Can Momentum Realty connect me with an agent for Northwest Lakes Condo Ph V?
Should you buy in Northwest Lakes Condo Ph V?
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 2009 (31 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.
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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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