Oak Grove Acres in Melbourne

Oak Grove Acres

Acreage-feel subdivision · Central Melbourne · ZIP 32934

Roughly one-acre homesites with room and privacy near central Melbourne.

One-acre lotsLower densityCentral location
Live Market Pulse
50/100
Momentum
Buyer-Leaning Market (limited data)
Lot sizes and utilities vary here, so a single sale can swing the read; the acre, the condition, and any well or septic decide where a property trades.
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Listings before the portals, true comps, and the renovation and carrying-cost math, before you tour.

Built fromLive Space Coast MLS data14 years of closingsLocal renovation analysisUpdated twice daily
LiveMarket PulseSpace Coast MLS
n/a
Median Price
0mo
Supply
n/a
Avg DOM
Soft
Seller Leverage
n/a
Median $/Sqft
n/a
1-Yr Price Change
0now
Distress
Jon Brooks, founder of Momentum Realty
Jon's Current Read

"Oak Grove Acres is an established subdivision in central Melbourne built on larger, roughly one-acre lots, with sizable homes reported in vintage from the early 1980s. The read is the homesite first: the acreage and the buffer are the scarce asset, and an older home on a big lot can always be updated. Confirm the exact lot size, any HOA, well or septic, and a specific home's condition."

Jon Brooks, founder, Momentum Realty · Updated June 2026

The 60-Second Overview

Oak Grove Acres is an established single-family subdivision in Melbourne, in the 32934 ZIP of central Brevard County. Its defining feature is the lot: homes here are reported on roughly one-acre lots, giving the neighborhood an acreage feel and a quieter, lower-density character than the production subdivisions nearby. Homes are reported sizable, with examples in the 2,400 square-foot range, and vintage tracing to the early 1980s.

Because the neighborhood is built out and dates to the 1980s, nearly every purchase is a resale, so condition is the swing factor. An older home on a large lot can always be updated, and homes that have had their roofs, systems, and kitchens modernized command a premium over original ones. The renovation read on a specific home matters as much as the floor plan.

The acreage is the durable asset. One-acre lots are scarce in a corridor of standard subdivisions, and the space, the buffer, and what a property backs to are what the market gives back at resale. Some larger-lot homes here may be on well or septic, so confirm the utilities on a specific property.

For a buyer who wants a larger home on a real acre near central Melbourne shopping and the Wickham Road corridor, Oak Grove Acres is worth a look. The work is confirming the exact lot size and utilities, any HOA, and an honest read of an older home's condition and systems against true comparable sales.

Best for

  • Buyers who want a larger home on a real, roughly one-acre lot
  • Buyers who value an acreage feel and lower density near central Melbourne
  • Renovation-minded buyers willing to update an older home for value
  • Buyers who want room and privacy while staying close to shopping

Probably not for

  • Buyers who want a low-maintenance small lot in a tight subdivision
  • Buyers who need a gated entry, club, or full amenity package
  • Buyers who want new construction with a builder warranty
  • Buyers unwilling to budget upkeep on a larger lot and older home

How Oak Grove Acres is performing right now

50/100
momentum
Buyer-Leaning Market (limited data)
Seller's marketBalancedBuyer's market
0Months of supplytight
72Median days on marketdays
1 : 0Under contract vs for salestrong demand
0Sold in last 12 monthsliquidity
+0%Asking vs recent sold $/sqftroom to negotiate

Tight supply and strong demand favor sellers here. Homes still take about two months to sell, though, and with asking prices running above recent sales per square foot, a prepared buyer has room on anything overpriced. Reading each home against the real comps, not the headline trend, is where the edge is.

Live from the Space Coast MLS, as of June 17, 2026. Refreshed twice daily. Months of supply, days on market, and the contract-to-listing ratio are computed from current Oak Grove Acres listings and the trailing twelve months of closed sales.

8.6A- score
Momentum intelligence
Momentum buy score

Our proprietary read on how a home in Oak Grove Acres buys, holds, and resells. See the five factors.

Homes For Sale Right Now in Oak Grove Acres

Live MLS inventory for Oak Grove Acres. 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.

Active and pending Oak Grove Acres listings as of 2026-06-17, priced high to low. Listing data provided by the Space Coast Multiple Listing Service. Information is deemed reliable but is not guaranteed accurate by the MLS.. Tap any home to ask about it.

Listing locations from Space Coast MLS; lot type inferred from listing descriptions. Destination pins are approximate. Map data © OpenStreetMap, tiles © CARTO. Flood, school, and commute overlays are on the roadmap.

The takeaway

The central Melbourne location is the durable draw: the Wickham Road corridor, I-95, the mall, and the airport are a short drive, with downtown and the beaches close behind.

Wickham Road shopping~8-10 min · central Melbourne retail
Interstate 95~10-12 min · central access
Melbourne Square Mall~12 min · US 192 corridor
Downtown Melbourne~15 min · historic district
Melbourne Orlando Int'l Airport~12-15 min · MLB
Melbourne beaches~20-25 min · via US 192

Drive times are approximate and vary with traffic and your exact departure point. Confirm your real commute at your real departure time.

Nearby Communities

Explore more neighborhoods near Oak Grove Acres with Momentum Realty’s local guides.

Paulana EastPaulana EastMelbourne, FL · 0.5 miGreenbriar VillageMelbourneGreenbriar VillageMelbourneMelbourne, FL · 0.6 miEagle LakeEagle LakeMelbourne, FL · 0.7 miMagnolia HeightsMelbourneMagnolia HeightsMelbourneMelbourne, FL · 0.7 miAlmarMelbourneAlmarMelbourneMelbourne, FL · 0.9 miJoyal GardensJoyal GardensMelbourne, FL · 1.0 miLake Washington AcresLake Washington AcresMelbourne, FL · 1.1 miTradewindsHomesTradewindsHomesMelbourne, FL · 1.1 miMagnolia VillageMagnolia VillageMelbourne, FL · 1.1 mi

Browse all Florida neighborhood guides →

Carrying cost · the no-CDD edge

No CDD bond means thousands less per year than newer master plans.

Typical CDD community~$2,500/yr
Oak Grove Acres (no CDD)$0/yr

Roughly $25,000 saved over 10 years in carrying cost, before resale.

Illustrative. NE Florida CDD assessments commonly run $1,500-$3,500+/yr and vary by community; verify per property.

Schools

15-Second Take
  • Brevard County Public Schools
  • Verify the zoned schools by address
  • Magnet and choice options may be available
  • Confirm current ratings before relying on them
  • Private and parochial options nearby

Oak Grove Acres is served by Brevard County Public Schools. Assignment is by address and can change, so confirm the exact zoned elementary, middle, and high schools for any specific home, plus any magnet or choice options. Treat published ratings as a starting point, not the full story.

Buying with schools in mind? We can confirm the exact zoned schools for any Oak Grove Acres address.

The takeaway

What is actually shaping value around Oak Grove Acres: the scarcity of one-acre lots, the durable draw of lower density, and steady central-Melbourne convenience. Each sourced item is linked.

Recent Developments in Oak Grove Acres

Our read on what is being built around Oak Grove Acres, scored for direction, significance, and how close the effect lands. The full sourced timeline follows below.

Net OutlookBullishThe scarcity of one-acre lots near central Melbourne points up. The near-term watch item is condition and utilities on older homes, where the inspection drives the deal.

Acreage supply stays scarce

Ongoing
BullishNotable impact
SignificanceRadius: Area

One-acre lots are uncommon in a corridor of production neighborhoods, which supports the land premium over time.

Lower density is a durable draw

Ongoing
BullishNotable impact
SignificanceRadius: Community

Room, privacy, and an acreage feel keep demand steady for buyers who want space near central Melbourne.

Central Melbourne convenience stays strong

Ongoing
BullishNotable impact
SignificanceRadius: Area

Despite the acreage feel, the neighborhood keeps quick access to the Wickham Road corridor and central Melbourne.

Updated homes command a clear premium

Ongoing
NeutralNotable impact
SignificanceRadius: Community

In a 1980s resale neighborhood, renovated homes outprice original ones, so the condition read drives the outcome.

Older systems and utilities carry risk

Ongoing
NeutralNotable impact
SignificanceRadius: Community

Roof age, and any well or septic, drive both price and insurability on older acreage homes; budget them honestly.

Broader Melbourne-area growth nearby

2026
BullishNotable impact
SignificanceRadius: Area

Major mixed-use growth in the wider Melbourne area adds shopping, dining, and jobs within a short drive.

Direction, significance, and effect-radius ratings are Momentum's proprietary, qualitative read of the sourced items below, not investment advice or a prediction for any specific home.

Development, infrastructure, retail, and school activity affecting Oak Grove Acres, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated June 2026.

Showing the latest, scroll for all updates ↓

  1. April 2026
    Development

    Space Coast Town Center debuts first components in West Melbourne

    The 225-acre mixed-use district at US 192 and St. Johns Heritage Parkway opened its first residential and retail components, with major retail and housing planned at build-out. Why it matters: New shopping, dining, and jobs in the broader Melbourne area support demand across the wider market, including acreage neighborhoods. Source

  2. October 2025
    Infrastructure

    Palm Bay weighs St. Johns Heritage Parkway widening

    City officials studied widening the parkway from two to four lanes between Emerson Drive and Malabar Road, citing growth and congestion. Why it matters: Corridor capacity work signals continued area growth and can ease commutes over time, a watch item for the wider market. Source

Development alerts for Oak Grove AcresGet a short monthly email when something new is approved, funded, or opens near Oak Grove Acres.

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Summaries reflect public reporting and official sources linked above as of the dates shown. Project details, timelines, and approvals can change. Commentary on potential market effects is general observation, not investment advice or a prediction for any specific property. For the freshest items across the whole region, see This Week in Northeast Florida.

If we were buying in Oak Grove Acres, this is the order of operations we would run, and the one we run for our clients.

1

Confirm the lot. The one-acre framing is reported; verify the exact dimensions, acreage, and boundaries on a specific property.

2

Check the utilities. Some larger-lot homes may be on well or septic; confirm the water and sewer service and inspect them.

3

Read the condition. On an older home, price the roof, HVAC, and systems honestly before judging any list price.

4

Confirm any HOA. Established subdivisions vary, so confirm whether dues apply and what they cover in writing.

5

Read what the lot backs to. The buffer, the trees, and what a property abuts are durable premiums; confirm them on site.

Best Buy
A larger updated home on a full acre matched to real comps
Biggest Risk
Underbudgeting roof, systems, well, or septic on an older home
Best Lot
A full acre with a buffer over a smaller or exposed lot
Smart Timing
Confirm lot, utilities, and any HOA before you offer
The takeaway

On mobile, tap any heading below to open it. This is the home by home, lot by lot, club and renovation detail, organized so you can jump straight to what matters to you.

Community Details at a Glance

Oak Grove Acres is an established single-family subdivision in central Melbourne, in the 32934 ZIP of Brevard County, defined by its larger, roughly one-acre lots and lower density. Homes are reported sizable, with examples in the 2,400 square-foot range, and vintage tracing to the early 1980s. There is no on-site club or amenity package; the appeal is the acreage feel, the room and privacy, and a central location near the Wickham Road shopping corridor. Because the neighborhood is built out, value turns on the lot, the utilities, and the condition of a specific home.

The takeaway

Three honest price bands. Condition and lot, not the square footage alone, decide where a home lands.

The Project Home

An original 1980s home on a full acre that needs updating, the renovation route into the acreage setting.

Lowest entry
The Move-In Home

An updated larger home on a full acre with newer roof and systems, the heart of the resale market here.

Most inventory
The Top

The largest, most thoroughly updated homes on the best-buffered acre lots, the properties that hold value best.

Strongest resale

Approximate 2026 resale bands from third-party listing data and public records, not NEFAR statistics. Confirm pricing for a specific home.

The Project Home
An original 1980s home on a full acre that needs updating, the renovation route into the acreage setting.
The Move-In Home
An updated larger home on a full acre with newer roof and systems, the heart of the resale market here.
The Top
The largest, most thoroughly updated homes on the best-buffered acre lots, the properties that hold value best.

Approximate 2026 resale bands from third-party listing data and public records, not NEFAR statistics. Confirm pricing for a specific home.

15-Second Take
  • Renovation math decides the deal
  • Better lots and views resell strongest
  • Roof and HVAC age drive the insurance quote
  • Interior lots are where buyers overpay
Jon Brooks, Momentum Realty
Operator Note

Most buyers overpay on interior lots in the back half of the community. A sharp renovation can distract you, but the weaker resale position follows the lot, not the finishes. We read the homesite before the kitchen.

Scarce, roughly one-acre lotsStrong
Lower density, room and privacyStrong
Central Melbourne convenienceStrong
1980s homes, condition variesManage it
Well or septic must be confirmedManage it

Momentum analysis based on the community's structure, location, lot scarcity, and housing stock. Not a guarantee of future value.

Jon Brooks, Momentum Realty
Operator Note

The strongest value pocket is usually a renovated home on a good lot priced just under the next tier up. Buyers chasing the single biggest house often pay top prices for what is really a renovation project.

5 Mistakes Buyers Make in Oak Grove Acres

15-Second Take
  • Calling the listing agent (who works for the seller)
  • Misjudging the renovation budget
  • Overpaying for an interior lot
  • Underbudgeting the carrying costs
  • Skipping the roof, HVAC, and systems check

The same five mistakes cost buyers the most in any market. Every one is avoidable with the right preparation before you tour.

On a real acre, the land is the scarce asset. The read is the lot, the utilities, and the condition, not a headline number.

Jon Brooks · Founder, Momentum Realty
7.7B+ · Buy Score
Resale Strength7.7/10
Renovation Risk5.0/10
Location Efficiency8.0/10
Long-Term Defensibility8.0/10
Carrying Cost Advantage8.0/10

Momentum Intelligence Scores are our proprietary, qualitative assessment based on the analysis on this page, on a 0 to 10 scale. They are a framework for comparing communities, not a guarantee of future value or advice on a specific home.

Why our read on Oak Grove Acres is different.

Most pages on this community are an automated estimate wrapped in stock copy. This one is built from the live Space Coast MLS feed, fourteen years of closed sales, and a renovation-by-renovation read of what actually moves value here, lot by lot. No Zestimate, no guesswork.

Live Space Coast MLS feed14 years of closed salesRenovation-premium analysisLot-by-lot, no automated estimates
Jon Brooks, founder of Momentum Realty. A housing economist with a background in real estate investment banking at Deutsche Bank and consulting at Ernst & Young, who has built and analyzed Northeast Florida real estate from the ground up.

Which Lots & Views Hold Value Best

Where the value actually sits. Each home is shaded by its price per square foot (a value read, not just a price) and ringed by lot type, so you can see at a glance which pockets carry a real, durable premium and where a renovation play makes sense.

Value ($/sqft)
$261 value$401 premium
Lake / waterPreserveInterior

Fill = price per square foot; ring = lot type, inferred from listing descriptions. Sold homes are shown by realized $/sqft (lot type not always recorded). Asking and recent-sold figures from Space Coast MLS; for orientation, not an appraisal.

15-Second Take
  • Roughly one-acre lots are the scarce asset
  • A full acre with a buffer holds value best
  • What the property backs to is a durable premium
  • Confirm acreage, boundaries, and any well or septic
  • Read the land before the finishes

On a real acre, the land is the part of your money the market gives back at resale. Oak Grove Acres trades on its roughly one-acre lots, which are scarce in a corridor of standard subdivisions. The space, the buffer, and what a property backs to are durable premiums, while an older home on the lot can always be updated. Confirm the exact acreage, the boundaries, and any well or septic, then price the condition of the home against it.

Oak Grove Acres in 15 seconds.

Best forBuyers who want a larger home on a real, roughly one-acre lot near central Melbourne.
Biggest advantageAcreage and lower density that are scarce in a corridor of standard subdivisions.
Biggest riskOlder systems on a larger home, including roof, and any well or septic that must be confirmed.
Sweet spotA larger updated home on a full acre matched honestly to recent comps.
Avoid ifYou want a low-maintenance small lot, a gated club, or brand-new construction.

HOA, CDD & Fees

15-Second Take
  • Larger, roughly one-acre homesites
  • Many acreage subdivisions carry no HOA
  • No on-site club, pool, or golf
  • Lot, utilities, and condition drive value
  • Confirm well or septic per property

Any HOA dues here are not publicly confirmed; established acreage subdivisions vary, and many carry no HOA. Confirm whether a homeowners association applies and the current amount on a specific property.

If an association applies, it would typically cover any common-area maintenance and deed-restriction enforcement. Confirm the inclusions in writing.

There is no on-site club or golf course; this is an acreage-feel residential subdivision, not an amenity community.

The takeaway

Selling here is won on condition and view, not the Zestimate. The right number comes from closed comps matched to your renovation level and lot.

Momentum listings (YTD)
97.98%
Sold-to-list ratio across our market for our agents, sellers keeping more of their price.
Market average (YTD)
96.73%
The broader metro average sold-to-list ratio over the same period.
Momentum days on market
64 days
Median days on market for our listings, faster sales mean less carrying cost and stronger leverage.
Market days on market
72 days
The broader metro median over the same period.

Sold-to-list and days-on-market figures reflect Momentum Realty listings versus our market average, year to date. Your home's result depends on pricing, condition, lot, view, and preparation.

In Oak Grove Acres, condition and view decide your number

Because buyers here are weighing your home against renovated comps and cross-shopping Cedar Run, a home priced to the community average instead of its true condition and view either leaves money on the table or sits. A renovated kitchen, newer roof and HVAC, and a golf or lake view all deserve to show up in your price, and a buyer pool reading renovation math needs to be shown why your home is worth it. We build that case with real comps and a pricing strategy for the current market.

What is your Oak Grove Acres home worth?

Get a no-obligation home value based on real comparable sales in Oak Grove Acres matched to your condition, lot, and view, 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 Oak Grove Acres on the map →
Or get your Oak Grove Acres home value & selling guide →

Real comps, not a Zestimate.

Oak Grove Acres Market Scorecard

Buyer-Leaning Market (limited data)

Oak Grove Acres is currently a buyer-leaning market (limited data). Limited supply, a median asking price of n/a.

n/a
Months supply
n/a
Median list
n/a
Median sold
n/a
Per sqft
n/a
Days on mkt
0/1/0
Active/Pend/Sold

Typical home value in the 32934 ZIP is $493,434, about 3.4% below the Florida norm (Zillow Home Value Index).

Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.

Based on information from the Space Coast MLS for the period 2026 through 2026-06-18. Refreshed twice daily. Market metrics only; these describe homes for sale and recent sales, not residents.

Frequently Asked Questions

Where is Oak Grove Acres?
Oak Grove Acres is an established single-family subdivision in Melbourne, in the 32934 ZIP of central Brevard County, within an easy reach of the Wickham Road shopping corridor.
How large are the lots?
Homes here are reported on roughly one-acre lots, larger than a typical production lot. Verify the exact dimensions, acreage, and boundaries on a specific property before you offer.
What kind of homes are in Oak Grove Acres?
The neighborhood features larger single-family homes, with examples reported in the 2,400 square-foot range, on acreage-feel lots. Confirm the living area on a specific home.
When were the homes built?
Homes in Oak Grove Acres are reported in vintage from the early 1980s. Vintage and condition vary, which is why the renovation read on a specific home matters.
Are the homes on well and septic?
Some larger-lot homes in acreage subdivisions are on well and septic rather than municipal utilities. Confirm the water and sewer service, and inspect any well and septic, on a specific property.
Is there an HOA in Oak Grove Acres?
Any HOA here is not publicly confirmed, and many acreage subdivisions carry none. Confirm whether a homeowners association applies, the current dues, and any deed restrictions on a specific property.
Is there a CDD?
No CDD is indicated for this established 1980s subdivision, but as a matter of course you should confirm any community development district assessment per parcel on the tax bill.
Are there community amenities?
This is an acreage-feel residential subdivision rather than an amenity community, so there is no on-site club, pool, or golf. The draw is the larger lots and the lower density.
How far is shopping?
The Wickham Road shopping corridor and central Melbourne retail are a short drive, with the wider Melbourne area and the US 192 corridor close by.
What schools serve Oak Grove Acres?
The neighborhood is served by Brevard Public Schools in the central Melbourne area. School assignment is by address and changes periodically, so confirm the exact zoning for a specific home with the district.
Is Oak Grove Acres a good place to buy?
For a buyer who wants a larger home on a real acre near central Melbourne, it can be a strong fit. As with any acreage resale market, the lot and condition drive the outcome; confirm the lot, the utilities, and the home honestly. This is not a guarantee of future value.
Should I use the listing agent to buy here?
No. The listing agent works for the seller. On an acreage property where lot size and condition swing value, having your own representation is the highest-leverage decision you make.
Buyers who want a larger home on a real, roughly one-acre lotExcellent fit
Buyers who value an acreage feel and lower density near central MelbourneExcellent fit
Renovation-minded buyers willing to update an older home for valueExcellent fit
Buyers who want room and privacy while staying close to shoppingExcellent fit
Buyers who will confirm the lot, utilities, and condition before offeringExcellent fit
Buyers who want a low-maintenance small lot in a tight subdivisionProbably not
Buyers who need a gated entry, club, or full amenity packageProbably not
Buyers who want new construction with a builder warrantyProbably not
Buyers unwilling to budget upkeep on a larger lot and older homeProbably not
Buyers who do not want to manage well, septic, or acreage maintenanceProbably not

Get the inside read on Oak Grove Acres

Whether you are buying a renovation project, comparing the lots and views, weighing the carrying costs, or selling your Oak Grove Acres home, tell us what you need. Every inquiry comes straight to us. We represent you, not the seller, and what your agent is paid is negotiable and set in a written buyer agreement up front. No obligation, no spam, no high-pressure follow-up.

We respond personally, usually the same day.

You are all set.

A Momentum Realty Oak Grove Acres specialist will reach out personally, usually the same day.

Space Coast MLS logo
Photography on this page is sourced from active and recently sold MLS listings in this community and remains the property of the listing brokerage and/or photographer. Source: Listing data provided by the Space Coast Multiple Listing Service. Information is deemed reliable but is not guaranteed accurate by the MLS.

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